Renewing your CySEC certification is a critical annual task for professionals in the financial services industry. Whether you hold a CySEC Advanced, Basic, or AML Compliance Officer certification, staying compliant ensures you maintain your professional standing and meet regulatory requirements. In this guide, CX Financia, in collaboration with Centre 8 Education, a trusted provider of CPD-accredited courses, explains the renewal process, deadlines, and steps to ensure a smooth certification renewal.
Why Renewing Your CySEC Certification Matters
CySEC certifications not only validate your expertise in financial services and compliance but also reinforce your professional credibility. However, missing the renewal deadline can lead to automatic deregistration from the Certification Registers, which may directly impact your ability to work in regulated roles. To stay compliant and maintain your certification, renewing on time ensures:
- Compliance with CySEC regulations.
- Continued recognition as a certified professional.
- Avoidance of penalties or re-registration fees.
Key Renewal Deadlines
The renewal period for 2025 begins on January 1, 2025, and runs through February 28, 2025. During this time, all applications must be submitted online via the CySEC portal to ensure compliance.
Important Note: Missing the deadline will result in automatic deregistration from the Certification Registers. However, re-registration remains possible until February 28, 2026, but it comes with an additional fee of €280.
CPD Requirements for Renewal
To renew your certification, you must complete the required Continuous Professional Development (CPD) hours by December 31, 2024:
- CySEC Advanced Certification: 15 CPD hours.
- CySEC AML Certification: 10 CPD hours.
- Both Certifications: A total of 20 CPD hours (10 hours for each).
The CPD activities must cover topics relevant to your certification duties and align with CySEC’s legislative framework. Exemption: If you obtained your certification in 2024, you are not required to complete CPD hours for this renewal cycle.
Step-by-Step Guide to Renewing Your CySEC Certification
Completing your CPD hours is the first and most critical step in the renewal process. Partner with accredited providers like Centre 8 Education which offers:
- Specialized seminars on financial regulations and AML compliance.
- Flexible learning options (online and in-person).
- Certificates that meet CySEC’s verifiable CPD requirements.
By choosing Centre 8 Education, you ensure that your CPD activities align with CySEC’s standards while gaining valuable insights into industry trends.
Gather Required Documentation
To successfully renew your CySEC certification for 2025, gathering the necessary documentation is a critical step. Ensuring you have the correct materials ready will streamline the process and help you avoid delays or complications. Below is a detailed guide to the documentation you need and how to prepare it.
What Documentation Do You Need?
- Certification Number (CN)
- Your Certification Number (CN) is a unique identifier assigned to you upon registration in the CySEC Certification Registers. This number is required for completing the renewal application form and for referencing any payments made to CySEC.
- Ensure your CN is entered correctly in all forms and payment references (e.g., “1234” without including the letters “CN”) to avoid processing issues.
- Proof of CPD Completion
- You must provide evidence that you have completed the required Continuous Professional Development (CPD) hours by December 31, 2024. The CPD requirements are as follows:
- Advanced Certification: 15 hours.
- AML Certification: 10 hours.
- Both Certifications: 20 hours (10 hours for each).
- Acceptable proof includes certificates of attendance or completion from accredited CPD providers, such as Centre 8 Education. These certificates should clearly outline the topics covered and the duration of the training.
- You must provide evidence that you have completed the required Continuous Professional Development (CPD) hours by December 31, 2024. The CPD requirements are as follows:
- Personal Information
- Ensure your personal details are up-to-date, including:
- Full name (as registered with CySEC).
- Current contact information (email address, phone number).
- Employment details (current company and position).
- If you changed employers or roles during 2024, include information about your previous employer as well.
- Ensure your personal details are up-to-date, including:
- Payment Confirmation
- The renewal fee is €80 per certification. You must provide proof of payment when submitting your renewal application. Payment methods include:
- Online payment via JCC Smart.
- Bank deposit or cheque (ensure your CN is included in the payment reference).
- The renewal fee is €80 per certification. You must provide proof of payment when submitting your renewal application. Payment methods include:
Submit Your Renewal Application
Follow these steps to complete your renewal application:
- Visit the CySEC website and log into the Certification Register portal.
- Fill out the online renewal application form.
- Confirm that you have met all CPD requirements.
- Pay the annual renewal fee of €80 per certification using one of these methods:
- Online payment via JCC Smart.
- Bank deposit or cheque (ensure your CN is included as a reference).
What Happens If You Miss the Deadline?
If you fail to renew by February 28, 2025:
- You will be automatically deregistered from the Certification Registers.
- You can apply for re-registration until February 28, 2026, but this requires:
- Payment of a €280 re-registration fee.
- Completion of any pending CPD hours.
Avoid these complications by starting your renewal process early!
Tips for CySEC certification -Staying Compliant Year-Round
- Plan your CPD activities early in the year to avoid last-minute stress.
- Choose accredited providers like Centre 8 Education for guaranteed compliance with CySEC standards.
- Regularly check updates on the CySEC website for any changes to certification requirements.
Conclusion
Renewing your CySEC certification is straightforward when you follow the correct steps and complete your CPD requirements on time. By partnering with trusted providers and staying informed about deadlines and procedures, you can maintain your professional standing effortlessly.
Start Your CySEC certification Renewal Process Now!
- “Ready to complete your CPD hours? Enroll in our accredited courses at Centre 8 Education today!”
- “Need help with your renewal? Contact CX Financia for expert guidance.”
Stay compliant and advance your career—start your renewal process now!