The Cyprus Securities and Exchange Commission (CySEC) successfully launched the Regulatory Sandbox during an online event held on 11 June 2024.

This initiative marks an important milestone for the advancement of financial, regulatory and supervisory technologies (FinTech, RegTech and SupTech) in Cyprus.

After the end of the event, Dr. Giorgos Theocharidis, President of YKK, emphasized the importance of the initiative:

“With the introduction of the Regulatory Sandbox, we are taking another important step in promoting responsible innovation in the financial services sector. Our goal is to support the development of cutting-edge solutions that respond to technological developments, without compromising market integrity and investor protection.”

The virtual launch event attracted over 500 stakeholders from the financial sector, including representatives from regulatory bodies, financial institutions and technologically innovative companies. Attendees were briefed on Sandbox’s operational framework and potential benefits for market participants.

For more information on the Regulatory Sandbox and how to participate, visit the Cyprus Securities and Exchange Commission Website.


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