CySEC Sets Deadline for CFD Brokers and Crypto Firms to Submit Last Year’s Data
The Cyprus Securities and Exchange Commission has issued reporting guidance for EU investment firm branches operating in Cyprus, including retail CFD brokers, and for crypto asset service providers registered in the jurisdiction. The regulator requires these firms to submit statistical information covering last year. Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!) . CySEC Sets Electronic Reporting Deadline, Penalties All reporting must be submitted electronically via CySEC’s Transaction Reporting System by 8 May 2026. Submissions must be confirmed with a feedback file, and a “No Error” indication marks a successful filing. [#highlighted-links#] Any errors must be corrected and resubmitted. Feedback files are issued only during CySEC’s regular business hours. CySEC warned that missing the deadline could result in administrative penalties and will not issue reminders. Data should be reported in euros, and no additional information beyond previous requirements is requested. The forms are available in English, with instructions included. CySEC Launches On-Site Inspections 2026 Alongside the reporting requirements, CySEC will also carry out on-site inspections and desk-based reviews of CFD brokers and other investment firms as part of the European Securities and Markets Authority’s Common Supervisory Action for 2026. The inspections will focus on staff compensation, digital platform design, and potential conflicts between firms’ revenue targets and client interests. The reviews are intended to verify compliance with regulatory standards and ensure internal practices align with supervisory expectations. CySEC Reviews Amid Complaints, Market Share The inspections are particularly significant in Cyprus, where local firms account
The Cyprus Securities and Exchange Commission (CySEC) has recently issued reporting guidance for EU investment firm branches operating in Cyprus, including retail contract for difference (CFD) brokers, and for crypto asset service providers registered in the jurisdiction. The regulator is requiring these firms to submit statistical information covering last year's operations. This move comes as part of a broader effort to ensure transparency and compliance within the financial sector.
CySEC has set an electronic reporting deadline for all firms to submit their data by 8 May 2026. All reporting must be done through CySEC's Transaction Reporting System. Submissions must be confirmed with a feedback file, and a "No Error" indication will mark a successful filing. If errors are encountered, they must be corrected and resubmitted. Importantly, feedback files are only issued during CySEC's regular business hours. The regulator has warned that missing the deadline could result in administrative penalties, and it will not issue reminders to those who fail to meet the deadline.
Data should be reported in euros, and no additional information beyond previous requirements is requested. The forms required for submission are available in English, with instructions included to assist firms in the process.
In addition to the reporting requirements, CySEC is also launching on-site inspections and desk-based reviews of CFD brokers and other investment firms as part of the European Securities and Markets Authority's (ESMA) Common Supervisory Action for 2026. These inspections will focus on several key areas, including staff compensation, digital platform design, and potential conflicts between firms' revenue targets and client interests. The goal of these reviews is to verify compliance with regulatory standards and ensure that internal practices align with supervisory expectations.
The inspections are particularly significant in Cyprus, where local firms account for roughly one-third of cross-border EU retail trading, serving around 3.6 million clients. Complaints against Cyprus-based brokers have risen by 46% in 2024, highlighting the need for increased scrutiny and enforcement of regulatory standards. CySEC's circular notes that adherence to these reporting and inspection requirements will form part of the regulator's ongoing efforts to maintain a stable and transparent financial market.
As the deadline for submitting last year's data approaches, firms operating in Cyprus must ensure they are prepared to meet CySEC's requirements. Failure to do so could result in significant administrative penalties, underscoring the importance of compliance and transparency in the financial sector. With the additional on-site inspections and desk-based reviews, CySEC is taking a comprehensive approach to supervise firms and protect investors in the region.
