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Cypriot Capital Markets Authority Unveils New DORA Fee Structure for Financial Entities

Overview

The Cypriot Capital Markets Authority has issued a new policy statement—DP-03-2025—detailing the fee structure applicable to financial entities governed by the Digital Operational Resilience Act (DORA). This announcement marks a significant regulatory update aimed at enhancing operational resilience while reducing the sector’s dependency on public funding.

Fee Structure and Adjustments

Under the new framework, the annual supervisory fee is set to range between €2,000 and €20,000 based on the size and scale of each entity. Additionally, a fixed evaluation fee of €20,000 has been established for Threat-Led Penetration Testing (TLPT). These fees have been refined following a public consultation process (ED-01-2025), resulting in notable reductions for very small and small enterprises as well as adjustments in the TLPT fee structure.

Compliance and Transitional Payment Process

For the year 2025, financial entities subject to DORA are required to submit a category declaration between October 2 and October 31, providing detailed information on employee numbers, turnover, and balance sheet metrics. Entities must also remit the annual fee by December 31, 2025, with the amount being calculated pro rata for the period from August 15 to December 31.

Enhancing Institutional Independence and Market Integrity

Dr. George Theocharidis, President of the Capital Markets Authority, emphasized that the DORA regulation extends its impact beyond traditional supervision, necessitating a robust funding model to meet increasing regulatory obligations. The adjustment aligns with DORA’s proportionality criteria and supports the Ministry of Finance’s objective to reduce the Authority’s reliance on state funding. This move not only bolsters the independence of the regulatory body but also reinforces market integrity.

Cyprus Fuel Prices Expected To Rise As Oil Prices Increase

International Oil Market Dynamics

Fuel prices in Cyprus are expected to rise gradually in the coming weeks as international crude oil prices continue to increase. Recent reports show that heavy crude prices moved from about $93 per barrel to a peak of $117 before settling near $107, reflecting continued volatility in global energy markets.

Projected Retail Impact And Stage-Wise Price Adjustments

Sabbas Prokopiou, president of the Pan-Cypriot Fuel Stations Owners Association, said these international price movements are expected to gradually affect retail fuel prices in Cyprus. A recent increase of around two cents per litre has already been recorded. Additional price adjustments may follow in the coming weeks as international fuel costs pass through the supply chain and reach the retail market.

Geopolitical Tensions And Market Reactions

Geopolitical developments have also contributed to recent price movements. Concerns about potential regional conflict initially pushed crude prices higher. In a single trading session, prices reportedly rose by about $10 per barrel. More recently, attacks targeting oil storage facilities have added further pressure to international crude markets.

Strategic Outlook And Industry Insights

Prokopiou said further increases in fuel prices remain possible depending on developments in international oil markets. However, he noted that estimating the scale of retail price adjustments remains difficult during periods of geopolitical uncertainty. Similar market patterns were observed in 2022 following the start of the Russia-Ukraine war, when international crude prices rose sharply.

Market participants, including fuel importers and the Consumer Protection Service of the Ministry of Energy, Commerce and Industry, continue to monitor developments in international energy markets.

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