CySEC consults on submission of financial reports by Crypto-Asset Service Providers
The Cyprus Securities and Exchange Commission (CySEC) has published a consultation paper proposing a new Directive on the submission of prudential information by Crypto-Asset Service Providers (CASPs), in the context of Article 67 of Regulation (EU) 2023/1114 (MiCAR).
The proposed Directive introduces periodic reporting requirements to CySEC, including the submission of prudential information under MiCAR, financial reports (trial balance, balance sheet, and profit and loss statement), and audited annual financial statements. The framework aims to support CySEC’s supervisory oversight and verify CASPs’ compliance with MiCAR prudential requirements.
The proposed reporting regime aligns with…
