Cyprus regulator launches regulatory soundbox amid rapid fintech changes

The Cyprus Securities and Exchange Commission has set up a Regulatory Sandbox, which constitutes the
evolution of its Innovation Hub, in recognition of the rapid changes of financial, regulatory and supervisory technology (FinTech, RegTech and SupTech). 

The Regulatory Sandbox will provide testing opportunities for innovative solutions in a controlled environment under the monitoring and guidance of CySEC.

The presentation of the Regulatory Sandbox will take place on 11 June 2024 via an online event.

In light of the establishment of the Regulatory Sandbox, the CySEC Innovation Hub ceases its operations.

CySEC’s chairman, Dr. George Theocharides said: ‘The Regulatory Sandbox, marks a significant step forward in fostering responsible innovation within the financial services markets in Cyprus. Through this initiative, we aim to further encourage the development of innovative solutions in line with technological developments while ensuring investor protection and market integrity