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ARTICLE · 21 JULY 2015

Appointment Of Competent Regulatory Bodies For Central Securities Depositories

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The Ministerial Notification also appoints the Central Bank of Cyprus as the competent authority for the authorisation and supervision of the banking-type ancillary services listed in Section C of the Regulation.

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The Cyprus Securities and Exchange Commission ("CySEC") has announced that it has been appointed by the Minister of Finance under a Ministerial Notification as the competent authority for the purposes of Regulation (EU) No 909/2014 (the Regulation on settlement and Central Securities Depositories) in respect of:

  • the authorisation and supervision of Central Securities Depositories regarding the core services listed in Section A of the Regulation,
  • the authorisation and supervision of CSD regarding the non-banking type ancillary services listed in Section B of the Regulation,
  • cooperation with competent authorities of other member states, relevant authorities, the European Securities and Markets Authority and the European Banking Authority.

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