Business · Cyprus
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21 July
ESMA commends the Cyprus Securities and Exchange Commission for notable progress in investment firm oversight.
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The Cyprus Securities and Exchange Commission (CySEC) has received positive feedback from the European Securities and Markets Authority (ESMA) regarding its progress in supervising investment firms, particularly in overseeing cross-border activities. An ESMA Peer Review report highlighted the substantial advancements made by CySEC since a previous evaluation in 2022, marking these developments as constructive and encouraging.
The report emphasized the clear progress CySEC has achieved in enhancing its supervisory actions and enforcement measures. It specifically acknowledged improvements in the regulatory framework governing the activities of investment firms operating across borders. This recognition by ESMA serves to affirm CySEC's commitment to strengthening its oversight capabilities within the European financial market landscape.
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