Nicosia, Cyprus. The Cyprus Securities and Exchange Commission said on Thursday that it contributed to Cyprus’ Presidency of the Council of the European Union by taking an active role in negotiations on major legislative initiatives for Europe’s financial sector. Cyprus’ six-month Presidency concludes on June 30, 2026.
Technical role during the Presidency
CySEC said its officials participated throughout the Presidency in Council working groups, providing technical expertise and supporting negotiations on key European Union legislative proposals.
According to the regulator, staff from its policy, ongoing and thematic supervision, authorisations and legal departments took part in the Council’s technical work during the Presidency.
Focus on capital markets and supervision
The regulator said its contribution focused on policy initiatives aimed at strengthening European capital markets and financial supervision.
It said particular emphasis was placed on the Market Integration and Supervision Package, which seeks to further integrate EU capital markets while enhancing supervisory convergence across member states.
Sustainable finance and data access
CySEC also said it participated in work on the revision of the Sustainable Finance Disclosure Regulation, which aims to improve the transparency and reliability of environmental, social and governance-related disclosures made by financial market participants.
In addition, the regulator said it took part in negotiations on the Financial Data Access Regulation, which it described as a central element of the European Union’s open finance framework intended to give consumers and businesses greater control over financial data sharing.
Pension product discussions
CySEC said it also contributed to discussions on the Pan-European Personal Pension Product, an initiative designed to create a harmonised European market for personal pension products.
The commission said its continued participation in the Council’s technical work contributed to policy initiatives intended to strengthen financial stability, investor protection, innovation and the competitiveness of European capital markets.
Chairman’s statement
George Theocharides, chairman of CySEC, described the completion of the Presidency as an important milestone for both Cyprus and the commission.
