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

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. Users will notice a streamlined interface with intuitive navigation tools that enhance the site’s overall usability.

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.
This hub 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. 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.

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.

Last month, CySEC started accepting Crypto Asset Service Provider license applications 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. Users will notice a streamlined interface with intuitive navigation tools that enhance the site’s overall usability.

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.
This hub 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. 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.

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.

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

This post is originally published on FINANCEMAGNATES.

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