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ARTICLE · 26 FEBRUARY 2025

CySEC Proposes ICT Oversight Fees For Financial Entities Under DORA

Harneys
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On 31 January 2025, the Cyprus Securities and Exchange Commission (CySEC) launched a consultation on proposed annual information...

CyprusFinance and Banking
Aki Corsoni-Husain
Aki Corsoni-Husain
Elina Mantrali
Elina Mantrali
Angelos Lanitis
Angelos Lanitis
Thekla Homata
Thekla Homata
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On 31 January 2025, the Cyprus Securities and Exchange Commission (CySEC) launched a consultation on proposed annual information and communication technology (ICT) oversight fees for financial entities under the EU Digital Operational Resilience Act (DORA). DORA aims to enhance cybersecurity and resilience in the financial sector.

CySEC proposes that entities affected, including but not limited to investment firms, crypto-asset service providers, central securities depositories, alternative investment fund managers, management companies, and crowdfunding platforms, will be required to pay annual ICT fees ranging from €3,000 to €20,000, depending on their categorisation under DORA.

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