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CySEC Reviews Fees And Disclosure Rules For Investment Entities

The Cyprus Securities and Exchange Commission (CySEC) has initiated a public consultation on a series of proposed amendments that will recalibrate the fee structure for entities operating within the collective investment management sector. The new consultation paper details significant revisions in the way fees are assessed, taking into account the type, category, and size of the regulated entities.

Overview Of Proposed Fee Amendments

According to the consultation paper, the updated methodology could increase annual fees for certain entities to as much as €45,000. CySEC said the proposed structure is intended to better reflect the operational scale, complexity and supervisory requirements associated with regulated investment firms and fund management entities.

Enhanced Fee Structuring And Disclosure Requirements

The consultation also includes revisions to authorization application fees related to significant operational changes within regulated entities. Additional disclosure obligations are being proposed as part of the reforms, requiring firms to provide more detailed operational and financial information to the regulator. CySEC said the measures are intended to strengthen transparency and improve supervisory oversight across the sector.

Streamlining The Regulatory Framework

Alongside the proposed fee adjustments, CySEC plans to remove several notification requirements considered outdated or no longer necessary for regulatory purposes. The regulator said the changes form part of a broader effort to simplify compliance procedures and reduce administrative burdens for market participants while maintaining supervisory standards.

Advancing Financial Autonomy And Regulatory Efficiency

CySEC said the broader review aims to align regulatory costs more closely with the scale and complexity of supervised activities. The proposed reforms are also intended to support the regulator’s financial independence and reduce reliance on public funding. Industry participants and stakeholders have been invited to submit feedback as part of the public consultation process.

Cyprus Has One Of The EU’s Oldest Teaching Workforces

Only 3% of teachers in Cyprus are under 30, putting the country alongside Portugal for the lowest share of young teachers in the European Union, according to a European Commission report. The figure is well below the EU average of 8%, while Malta has the highest proportion at 17%, followed by Belgium and Luxembourg at around 15%.

Cyprus is also the only EU member state identified in the report as having a surplus of teachers, despite the workforce being relatively old.

Older Teachers Remain Highly Satisfied

The teaching profession appears to remain attractive to those already working in it. In 2024, 73% of Cypriot teachers said they were satisfied with their salaries, compared with just 37.3% across the EU. Job satisfaction was also high, reaching 93% in Cyprus versus 90% across the bloc.

The age gap is particularly visible in secondary education, where teachers in Cyprus averaged 46 years old in 2024, compared with 45 across OECD member states. Only 4% were under 30, while 33% were aged 50 or older.

Reform Could Change The System

The findings come as Cyprus moves toward the final stage of its teacher evaluation reform. Until August next year, vacancies will continue to be divided between the old appointment list and the newer system introduced in 2015.

From next September, first-appointment vacancies will be filled exclusively through the new list. The European Commission has meanwhile called for stronger efforts to attract and retain younger teachers, including through better working conditions and greater support for people entering the profession.

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