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ARTICLE · 19 JUNE 2024

CySEC Introduces Its Regulatory Sandbox

AGPLAW | A.G. Paphitis & Co. LLC
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An online event was held on June 11, 2024, by the Cyprus Securities and Exchange Commission (‘CySEC') for the launch of its Regulatory Sandbox.

CyprusCorporate/Commercial Law
AGP Law/ A.G. Paphitis & Co. LLC
AGP Law/ A.G. Paphitis & Co. LLC
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An online event was held on June 11, 2024, by the Cyprus Securities and Exchange Commission ('CySEC') for the launch of its Regulatory Sandbox. CySEC's initiative marks significant progress in the financial, regulatory and supervisory technologies (FinTech, RegTech and SupTech) in Cyprus.

Over 500 stakeholders attended the virtual launch event, including among other representatives from regulatory bodies, financial institutions, law firms and technology innovative firms. The attendees were informed about the Regulatory Sandbox's operational framework and the advantages it could offer to the market participants.

Firms interested in participating in the Regulatory Sandbox will benefit from the unique opportunity to develop their products while at the same time ensuring compliance with the Regulatory standards. CySEC's initiative supports innovation and safeguards the integrity of the financial market.

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