Financial regulatory body CySEC imposes fees on DORA-covered financial institutions, aligning with the EU's resilience regulations.

The Cyprus Securities and Exchange Commission (CySEC) has taken significant strides in strengthening compliance, investor protection, and overall financial stability. One of the key developments is the establishment of a national unit dedicated to these objectives.

In a recent move, CySEC has published a policy outlining fees for financial entities under the EU's Digital Operational Resilience Regulation (DORA). Annual supervision fees for entities under DORA will range from €2,000 to €20,000 based on entity size. Threat-based penetration testing under DORA carries a €20,000 assessment fee.

Administrative fines for the year totaled €2.76 million, with Cyprus-based investment firms accounting for €2.12 million. The deadline for annual fees, which are due by December 31, has been set. Fees will be calculated pro-rata for the period from mid-August to year-end.

CySEC has also introduced a new educational initiative aimed at retail investors and traders. The quiz, consisting of 12 questions, presents scenarios involving online platforms, high-return offers, and unsolicited advisor contacts. The aim is to help individuals identify potential investment scams in forex, CFDs, and crypto.

In 2024, CySEC carried out over 850 audits, reviewed 510 annual compliance reports, and monitored derivatives transactions for 33 investment funds. Firms must declare their category based on their latest audited financial statements between October 2 and October 31.

Companies that completed their last audit from October 2 to October 31, 2025, must declare their category to CySEC based on that audit. Notably, CySEC has revoked multiple operating licenses as part of its ongoing efforts to maintain high standards of compliance and investor protection.

Lastly, CySEC has implemented EU Sanctions Rules impacting CFD brokers. The details of these rules have not been specified in the provided information. However, it underscores CySEC's commitment to adhering to international regulatory standards and maintaining a robust regulatory environment.