The Cyprus Securities and Exchange Commission (CySEC) has
launched an initiative to enhance the Cyprus Stock Exchange (CSE) in order to
restore its role as a key driver of economic development in Cyprus.
A roundtable discussion on the topic, “Strengthening
the Cyprus Stock Exchange,” took place at CySEC’s offices. Various
stakeholders attended and presented proposals aimed at revitalising investor
interest, attracting new companies, and increasing the number of investment
products on the CSE.
“A healthy stock exchange helps listed companies raise
capital for their development. Especially in a small economy like Cyprus, it is
crucial because it strengthens liquidity and creates opportunities for
establishing new businesses, in addition to supporting the existing ones,”
CySEC’s Chairman, Dr George Theocharides, said.
CySEC Proposes Start-ups, Bonds, Tax Incentives
Among the suggestions were including shares from start-up
companies, which could appeal to investors interested in dynamic and innovative
markets.
Another proposal was the introduction of government bonds,
as well as bonds from semi-governmental organisations or local authorities.
Participants also recommended offering incentives, such as tax reductions, to
encourage companies to list on the exchange, which would help improve liquidity
and diversify the securities available for trade.
“A healthy CSE can also play a role in the
internationalisation of Cypriot businesses by attracting foreign investors and
opening new markets for them,” Theocharides added.
Proposing Financial Literacy and Tech Upgrades
Proposals also focused on boosting financial literacy and
investor education to improve understanding of the stock exchange’s functions
and investment strategies. The need for technological upgrades and
infrastructure improvements at the CSE was highlighted, alongside the idea of
collaborating with other international markets to attract global investors.
Additionally, marketing campaigns and events in
collaboration with international financial organisations were suggested to
promote the CSE and investment opportunities in Cyprus. Officials from CySEC,
the Ministry of Finance, the CSE, the Fiscal Council, and other relevant bodies
were present at the meeting.
CySEC Plans Budget for 2025-2027
Meanwhile, Theoharides
addressed the Parliamentary Finance Committee during the 2025-2027 budget
discussion, as reported by Finance
Magnates. He thanked the government for supporting CySEC’s work in
maintaining financial stability.
Theoharides highlighted growing regulatory demands, digital
transformation, and sustainable investments, noting an 11.8% increase in
supervised entities. CySEC focuses on responsible market development, investor
protection, and implementing DORA for improved cybersecurity. The commission’s
budget for 2025 is €17.5 million, mainly for staff and technology upgrades,
with increased revenue expected from 2026.
The Cyprus Securities and Exchange Commission (CySEC) has
launched an initiative to enhance the Cyprus Stock Exchange (CSE) in order to
restore its role as a key driver of economic development in Cyprus.
A roundtable discussion on the topic, “Strengthening
the Cyprus Stock Exchange,” took place at CySEC’s offices. Various
stakeholders attended and presented proposals aimed at revitalising investor
interest, attracting new companies, and increasing the number of investment
products on the CSE.
“A healthy stock exchange helps listed companies raise
capital for their development. Especially in a small economy like Cyprus, it is
crucial because it strengthens liquidity and creates opportunities for
establishing new businesses, in addition to supporting the existing ones,”
CySEC’s Chairman, Dr George Theocharides, said.
CySEC Proposes Start-ups, Bonds, Tax Incentives
Among the suggestions were including shares from start-up
companies, which could appeal to investors interested in dynamic and innovative
markets.
Another proposal was the introduction of government bonds,
as well as bonds from semi-governmental organisations or local authorities.
Participants also recommended offering incentives, such as tax reductions, to
encourage companies to list on the exchange, which would help improve liquidity
and diversify the securities available for trade.
“A healthy CSE can also play a role in the
internationalisation of Cypriot businesses by attracting foreign investors and
opening new markets for them,” Theocharides added.
Proposing Financial Literacy and Tech Upgrades
Proposals also focused on boosting financial literacy and
investor education to improve understanding of the stock exchange’s functions
and investment strategies. The need for technological upgrades and
infrastructure improvements at the CSE was highlighted, alongside the idea of
collaborating with other international markets to attract global investors.
Additionally, marketing campaigns and events in
collaboration with international financial organisations were suggested to
promote the CSE and investment opportunities in Cyprus. Officials from CySEC,
the Ministry of Finance, the CSE, the Fiscal Council, and other relevant bodies
were present at the meeting.
CySEC Plans Budget for 2025-2027
Meanwhile, Theoharides
addressed the Parliamentary Finance Committee during the 2025-2027 budget
discussion, as reported by Finance
Magnates. He thanked the government for supporting CySEC’s work in
maintaining financial stability.
Theoharides highlighted growing regulatory demands, digital
transformation, and sustainable investments, noting an 11.8% increase in
supervised entities. CySEC focuses on responsible market development, investor
protection, and implementing DORA for improved cybersecurity. The commission’s
budget for 2025 is €17.5 million, mainly for staff and technology upgrades,
with increased revenue expected from 2026.
This post is originally published on FINANCEMAGNATES.
