Regulatory reporting is no longer just a checkbox; it is a critical measure of your firm’s integrity and stability. As EU regulations like MiFID II and the Digital Finance framework modernize, regulators in Cyprus are demanding higher standards of data accuracy and transparency than ever before.
At CX Financia, we simplify this complexity. We provide full-service reporting support for:
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Investment Firms (CIFs) & CASPs: We assist with both the licensing of CIFs and CASPs and their ongoing regulatory reporting obligations.
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Payment Institutions: Our expertise extends to EMIs and PSPs requiring strict adherence to Central Bank of Cyprus reporting.
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ASPs & Professional Service Providers: We help Administrative Service Providers maintain transparency with CySEC, ICPAC, and the CBA.
Whether reporting to CySEC, the Central Bank of Cyprus, or professional bodies like ICPAC and the Cyprus Bar Association, our focus remains the same: delivering technically accurate, consistent, and timely reports that meet the highest supervisory expectations.
Get Audit-Ready for 2026: Request a Confidential Reporting Scoping Session
The 2026 Reporting Standard: Beyond the Basics
Regulators are increasingly data-driven in their supervision, relying on structured regulatory data and automated validation checks to assess compliance. This places greater emphasis on the accuracy, consistency, and reconciliation of regulatory reporting data.
Tax For All (TFA) and regulatory reporting systems:
Tax For All (TFA) is used for tax-related filings, while regulatory reporting to CySEC is submitted through separate electronic reporting systems. Firms are expected to maintain consistent and reconcilable data across tax and regulatory submissions, even where reporting channels differ.Our Accounting & VAT Services in Cyprus ensure that your transaction data is reconcilable before it reaches the TFA portal.
DORA and reporting infrastructure:
Under the Digital Operational Resilience Act (DORA), firms must demonstrate effective ICT risk management and operational resilience, including the reliability and security of systems supporting regulatory reporting.
MiCA and CASP reporting:
The Markets in Crypto-Assets (MiCA) framework introduces new prudential, governance, and disclosure-related reporting obligations for Crypto-Asset Service Providers (CASPs), strengthening supervisory oversight at EU level.
Our Regulatory Reporting Solutions
We provide a structured Regulatory Reporting-as-a-Service (RaaS) model, supporting the preparation, validation, and submission of core regulatory reports required by licensed entities operating in Cyprus. Our services cover both ongoing periodic reporting and ad hoc regulatory submissions, aligned with the applicable supervisory framework.
CySEC and Central Bank of Cyprus (CBC) Prudential Reporting
We support firms regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Central Bank of Cyprus (CBC) with the preparation and submission of prudential and financial regulatory reports, ensuring accuracy, internal consistency, and timely submission in line with supervisory requirements.
COREP/FINREP: Quarterly prudential and financial reporting for CIFs and EMIs.
- Capital Adequacy (QST Forms): Ensuring your “Own Funds” always exceed the higher of your
initial capital or the Fixed Overheads Requirement (FOR). - Statistical Returns: Monthly and quarterly data for the Central Bank of Cyprus.
MiFID II / MiFIR Transaction Reporting
Following ongoing supervisory focus under MiFID II / MiFIR, transaction reporting (Article 26) and post-trade transparency obligations require a high level of accuracy, completeness, and timely submission.
- Transaction reporting coordination and oversight:
We support firms with the preparation, review, and submission of transaction reports to Approved Reporting Mechanisms (ARMs) and post-trade disclosures via Approved Publication Arrangements (APAs), ensuring that reporting processes operate effectively and in line with applicable T+1 reporting timelines. - Data quality review and validation:
We perform detailed field-level data reviews to identify and address common reporting issues, including errors relating to Natural Client Identifiers (NCIs), ISIN classification, execution timestamps, and counterparty data, prior to submission.
International Tax Reporting (FATCA & CRS)
For firms with international clients, compliance with international tax reporting obligations forms an important part of the overall regulatory reporting framework. These requirements are subject to close scrutiny by tax authorities and often reviewed alongside AML and regulatory compliance processes.
- FATCA reporting support:
We support the identification, review, and annual reporting of U.S. reportable accounts under the Foreign Account Tax Compliance Act (FATCA) to the Cyprus Tax Department, ensuring alignment with classification, documentation, and reporting requirements. - CRS reporting support:
We assist with the implementation and ongoing management of Common Reporting Standard (CRS) obligations, including data validation, reporting preparation, and submission support for the automatic exchange of financial account information with participating jurisdictions.
MiCA Transitional Reporting for Crypto-Asset Service Providers (CASPs)
We support Crypto-Asset Service Providers (CASPs) during the transition from national registration regimes to the full Markets in Crypto-Assets (MiCA) framework. Our support focuses on helping firms understand, prepare for, and comply with the new prudential, governance, and disclosure-related reporting obligations introduced under MiCA.
This includes assistance with the preparation of periodic prudential disclosures, regulatory information required during the transitional phase, and MiCA-related documentation and reporting processes, including requirements linked to crypto-asset whitepapers and ongoing supervisory reporting expectations.
Administrative Service Providers (ASPs): Regulatory Reporting under CySEC, CBA and ICPAC
Administrative Service Providers (ASPs) in Cyprus are subject to regulatory reporting and AML/CFT obligations depending on the supervisory framework under which they operate. Independent ASPs authorised by the Cyprus Securities and Exchange Commission (CySEC) are required to submit structured periodic and ad hoc regulatory reports, including activity, risk-based supervision, and AML governance reporting. Law firms providing administrative services report under the supervision of the Cyprus Bar Association, while accountancy firms fall under the Institute of Certified Public Accountants of Cyprus (ICPAC), with reporting obligations primarily focused on AML questionnaires, MLCO oversight, and monitoring reviews.
Across all regimes, ASPs are expected to maintain accurate and consistent ASP reporting, AML reporting, and registry filings, including beneficial ownership (UBO) and trust register submissions, with supervisors routinely assessing the alignment between regulatory reports, internal records, and client documentation as part of ongoing supervision and inspections.
We support Administrative Service Providers (ASPs) in Cyprus across all supervisory regimes with the following services:
ASP regulatory reporting framework assessment
Review of applicable reporting obligations based on supervision by CySEC, the Cyprus Bar Association, or ICPAC, including confirmation of scope and reporting responsibilities.
Periodic ASP regulatory reporting support
Preparation, review, and coordination of required periodic regulatory and AML-related reports, ensuring accuracy, consistency, and timely submission in line with supervisory expectations.
AML reporting and governance support
Assistance with AML questionnaires, MLCO annual reports, internal AML assessments, and supporting documentation required under the relevant supervisory framework.
UBO and trust register reporting coordination
Support with beneficial ownership (UBO) and trust register filings, including data validation and reconciliation against internal client records and AML files.
Internal consistency and data reconciliation reviews
Cross-checking regulatory reports, AML documentation, and registry filings to ensure alignment and reduce supervisory risk during inspections and reviews.
Regulator liaison and supervisory support
Ongoing support in responding to regulatory queries, follow-up requests, and thematic reviews relating to ASP reporting and AML compliance.
Remediation and reporting process improvement
Identification of reporting weaknesses and implementation of practical improvements to procedures, controls, and reporting workflows.
Why Leading Firms Choose CX Financia
Secure Your Reporting Cycle
Is your regulatory reporting framework aligned with current supervisory expectations for 2026?
Frequently Asked Questions (FAQ)
What happens if a CySEC regulatory reporting submission is late?
Late or incomplete CySEC regulatory reporting may trigger supervisory follow-up, including formal notifications, requests for clarification, and, where breaches persist, administrative measures in accordance with the applicable framework. Recurrent delays or data-quality issues can adversely affect a firm’s supervisory risk profile and may lead to enhanced monitoring or targeted on-site inspections. Regulators place particular emphasis on timeliness, accuracy, and internal consistency across recurring submissions.
Do Crypto-Asset Service Providers (CASPs) follow the same reporting deadlines as CIFs?
Not necessarily. Under the Markets in Crypto-Assets (MiCA) framework, CASP reporting obligations are introduced on a phased basis and vary depending on the CASP’s category, activities, and transitional status. While certain prudential and governance reporting requirements are becoming more structured, CASP deadlines and content do not automatically align with those applicable to CySEC-regulated Investment Firms (CIFs) and should be assessed individually.
How do recent MiFID II / MiFIR developments affect transaction reporting?
Ongoing developments under MiFID II / MiFIR have reinforced supervisory focus on Article 26 transaction reporting and post-trade transparency. Regulators continue to prioritise data quality and completeness, including correct use of instrument reference data, Natural Client Identifiers (NCIs), execution details, and timestamps, supported by effective pre- and post-submission validation controls.
Can you support the Annual Compliance Report and the AMLCO Report?
Yes. In addition to regulatory data submissions, we assist with the preparation and review of the Annual Compliance Function Report and the Annual AMLCO Report. Our support focuses on ensuring that reports accurately reflect the firm’s governance, risk assessment, and control environment, are supported by appropriate evidence, and demonstrate effective board oversight and follow-up actions, in line with supervisory expectations.