Nicosia, Cyprus. The Cyprus Securities and Exchange Commission (CySEC) has launched a survey to measure the economic impact of entities under its supervisory and registration remit. The survey will feed into an aggregated and anonymised analysis conducted by KPMG.
Scope of the initiative
The initiative targets Cyprus Investment Firms, branches of foreign investment firms, AIFMs, ASPs, internally managed AIFs and UCITS structures, crypto asset service providers and listed companies.
Objectives and expected insights
According to CySEC, the survey seeks insights into market dynamics, regulatory impact, operational challenges and future outlooks from the perspective of supervised entities. The regulator said the objective is to quantify the direct economic impact of supervised entities and assess their economic interconnectedness within the Cyprus economy.
Methodology and economic effects
By collecting company fundamentals and identifying appropriate structural coefficients, the study will estimate indirect and induced economic effects, including private consumption, capital investment and job creation. CySEC defined direct impact as the revenue and expenditure generated by supervised entities, indirect impact as spending within their supply chains, and induced impact as employee spending across the wider economy.
Data handling and confidentiality
CySEC said responses will be used for an aggregated and anonymised analysis. It added that KPMG will only have access to anonymised responses and will not receive any information capable of identifying individual entities.
Who is expected to respond
The questionnaire is addressed to senior executives and heads of compliance, risk, operations, legal, finance and technology departments within regulated entities. All entities authorised or registered with CySEC and operational as of December 31, 2025 are expected to participate.
Have you received CySEC’s questionnaire and will your entity participate?