The Cyprus Securities and Exchange Commission (CySEC) has published a consultation paper proposing a new Directive on the submission of prudential information by Crypto-Asset Service Providers (CASPs).
According to a press release, the proposed Directive introduces periodic reporting requirements to CySEC in the context of Article 67 of Regulation (EU) 2023/1114 (MiCAR). These include the submission of prudential information under MiCAR, financial reports (trial balance, balance sheet, and profit and loss statement), and audited annual financial statements.
The framework aims to support CySEC’s supervisory oversight and verify CASPs’ compliance with MiCAR prudential requirements, it said.
The proposed reporting regime aligns with the prudential reporting framework applicable to Investment Firms and follows submission deadlines consistent with existing EU implementing regulations, ensuring streamlined and timely supervisory reporting.
CYSEC notes that the consultation applies to CASPs authorised by CySEC under Article 63 of MiCA. It does not apply to central securities depositories, CIFs, market operators, management companies, or AIFMs providing crypto-asset services under notification, as these entities are exempt from the relevant prudential supervision requirements.
Interested parties may submit their comments at policy@cysec.gov.cy by 12 January 2026 the latest.
