The Cyprus Securities and Exchange Commission (SEC) is focusing on the impact of artificial intelligence (AI) and the Market in Crypto-Assets Regulation (MiCA) as top priorities for 2025. The regulator aims to set stricter compliance expectations, implement the Digital Operational Resilience Act (DORA) and MiCA, enhance investor protection and market stability. Regulated entities are required to align with the new agenda by reviewing policies, improving governance structures and risk management frameworks. The SEC plans to conduct reviews on AI usage, financial influence practices, and fund management compliance, with a focus on ESG compliance and sustainability reporting. Technology investment is crucial for ICT risk management and operational resilience. The SEC will issue circulars and technical documentation, engage with stakeholders through workshops and webinars, and conduct interim reviews to assess firms' progress. The SEC's strategic focus reflects a commitment to a secure and stable financial landscape in Cyprus. The regulator also expects MiCA regulation to attract crypto companies to Cyprus.
Content Editor ( financemagnates.com )
- 2025-02-13
CySEC Steps Up: AI, Crypto, and Fin-Fluencers Face Tougher Scrutiny
