With the conclusion of the Cyprus Presidency of the Council of the European Union on 30 June 2026, the Cyprus Securities and Exchange Commission (CySEC) successfully completed its active participation in discussions and negotiations on major legislative and regulatory initiatives shaping the future of the European financial sector.
Throughout the Presidency period, officers from CySEC’s Policy, Ongoing and Thematic Supervision Departments and Authorisations Departments, as well as the Legal Department, actively participated in Council Working Party meetings, providing technical expertise and supporting the advancement of key EU legislative files.
CySEC’s contribution focused on policy initiatives that will shape the future of European capital markets and financial supervision. Particular emphasis was placed on the Market Integration and Supervision Package (MISP), aimed at further integrating EU capital markets and enhancing supervisory convergence, as well as the revision of the Sustainable Finance Disclosure Regulation (SFDR), with the objective of strengthening transparency and reliability in ESG-related disclosures.
In addition, CySEC participated in negotiations on the Financial Data Access (FIDA) Regulation, a key pillar of the EU’s Open Finance framework, as well as discussions on the Pan-European Personal Pension Product (PEPP), aimed at developing a harmonised European market for personal pension products.
Through its continuous engagement in the technical work of the Council, CySEC contributed to policy developments that promote financial stability, investor protection, innovation, and the competitiveness of European capital markets.
CySEC Chair, Dr George Theocharides, stated, “The conclusion of the Cyprus Presidency of the Council of the European Union marks an important milestone for Cyprus and for CySEC. The active participation of CySEC officers in Council negotiations and technical working groups demonstrated the Commission’s expertise, responsibility, and meaningful contribution to the development of the European financial regulatory framework.
The Presidency provided us with the opportunity to contribute substantially to key reforms aimed at enhancing the integration of European capital markets, financial stability, sustainable finance, and innovation in the financial sector. The successful completion of this effort is the result of close cooperation among all involved stakeholders and, in particular, the dedication and professionalism of CySEC’s staff.
CySEC will continue to actively engage in European developments, promoting a modern, efficient, and credible supervisory framework that strengthens investor confidence and the international competitiveness of the Cypriot capital market.”
CySEC’s involvement in the Cyprus Presidency underscores Cyprus’ active role in shaping the European regulatory framework for financial markets and highlights the expertise and contribution of the Commission within the work of the European institutions.
CySEC extends its appreciation to all its officers who worked with professionalism and dedication throughout the Presidency, contributing substantially to the successful representation of the Republic of Cyprus and the achievement of the objectives of the Cyprus Presidency of the Council of the European Union.
