CySEC Puts All Compliance Tools in One Digital Hub with New Website

Wednesday, 18/12/2024 | 16:36 GMT by Jared Kirui
  • A key feature of the new website is an upgraded search tool that helps users quickly locate information on regulated firms.
  • It also includes a special news section for press releases, media statements, videos, and event updates.
CySEC

The Cyprus Securities and Exchange Commission (CySEC) unveiled a new website designed to improve the experience of regulated firms, investors, and the public.

According to the regulator, the updated platform is a significant step towards increasing accessibility, transparency, and user convenience for all those interacting with the regulator. The new website showcases a new design that is reportedly adaptable to smart devices.

Upgraded Search Tool

One of the features is an upgraded search tool that enables users to locate information on regulated firms, past and present, quickly. It also includes a centralized hub, which reportedly serves as a one-stop resource for regulated entities and other stakeholders. The new digital hub also enables users to access important registries and portal systems to submit information directly to CySEC .

Commenting on the new design, Dr. George Theocharides, the Chairman of CySEC, said: “The redesigned website marks the first phase of our efforts to enhance the user experience and deliver an improved user-friendly navigation and functionality for supervised entities, investors, and the public in general.”

“A key driver was our determination to become a more accessible and sustainable regulator,” he added. “Future phases of upgrades are planned to meet the evolving needs and expectations of CySEC’s website users.”

The regulator mentioned that the enhanced centralization of resources will make it easier for firms to comply with regulatory requirements, improve efficiency, and reduce administrative hurdles.

Special News Section

CySEC has also introduced a special news section on the website. It includes press releases, media statements, videos, and event updates designed to provide users with more transparency about the regulator's work.

Through this area, CySEC aims to keep stakeholders informed about recent developments, ensuring a clear line of communication between the regulator and the public, it stated.

Dr. Theocharides emphasized the regulator's commitment to improving accessibility. He further noted that the website upgrades are ongoing, with future phases planned to meet users' evolving needs.

Meanwhile, CySEC started accepting Crypto Asset Service Provider license applications last month for assessment under the upcoming Markets in Crypto-Assets Regulation. The new regulation will take effect on December 30, 2024.

The Cyprus Securities and Exchange Commission (CySEC) unveiled a new website designed to improve the experience of regulated firms, investors, and the public.

According to the regulator, the updated platform is a significant step towards increasing accessibility, transparency, and user convenience for all those interacting with the regulator. The new website showcases a new design that is reportedly adaptable to smart devices.

Upgraded Search Tool

One of the features is an upgraded search tool that enables users to locate information on regulated firms, past and present, quickly. It also includes a centralized hub, which reportedly serves as a one-stop resource for regulated entities and other stakeholders. The new digital hub also enables users to access important registries and portal systems to submit information directly to CySEC .

Commenting on the new design, Dr. George Theocharides, the Chairman of CySEC, said: “The redesigned website marks the first phase of our efforts to enhance the user experience and deliver an improved user-friendly navigation and functionality for supervised entities, investors, and the public in general.”

“A key driver was our determination to become a more accessible and sustainable regulator,” he added. “Future phases of upgrades are planned to meet the evolving needs and expectations of CySEC’s website users.”

The regulator mentioned that the enhanced centralization of resources will make it easier for firms to comply with regulatory requirements, improve efficiency, and reduce administrative hurdles.

Special News Section

CySEC has also introduced a special news section on the website. It includes press releases, media statements, videos, and event updates designed to provide users with more transparency about the regulator's work.

Through this area, CySEC aims to keep stakeholders informed about recent developments, ensuring a clear line of communication between the regulator and the public, it stated.

Dr. Theocharides emphasized the regulator's commitment to improving accessibility. He further noted that the website upgrades are ongoing, with future phases planned to meet users' evolving needs.

Meanwhile, CySEC started accepting Crypto Asset Service Provider license applications last month for assessment under the upcoming Markets in Crypto-Assets Regulation. The new regulation will take effect on December 30, 2024.

Topics
cysec
About the Author: Jared Kirui
Jared Kirui
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