International Securities Law And Regulation – Second Edition - Cyprus

Introduction

In General

The modern era for the securities sector in Cyprus began in 1996 with the inauguration of the Cyprus Stock Exchange (CSE), the first official stock exchange in Cyprus.

The CSE is modeled on current international securities rules and practices and aspires to consolidate the position of Cyprus as a regional business and financial services centre and boost the growth of capital markets in Cyprus.

Sources of Law

The principal legislation governing the issue and trade of securities in Cyprus is as follows:

• Securities and Stock Exchange Law, 14(I) of 1993, as amended;¹
• Securities and Stock Exchange Regulations of 1995−2005 (Part 1);²
• Securities and Stock Exchange Regulations of 1995-2005 (Part 2— Supplements);