The objective of the measure is to enhance the supervisory capacity of Cyprus Securities and Exchange Commission (CySec) through digitalisation – allowing for better supervision of transactions. The investment consists in developing an advanced digital system, based on cloud architecture, covering the supervision needs of European Market Infrastructure Regulation (EMIR) and the Securities Financing Transactions Regulation (SFTR). The new system supports the following features: (i) connect to the European Securities and Markets Authority (ESMA) hub; load and pre-process transaction data; (ii) aggregate and perform queries on data to generate regulatory insights; (iii) generate on-schedule and ad-hoc reports. The system is operational since November, 2023. The Completion Acceptance Certificate was issued in February, 2024. ReferenceC3.5I1Project locations Cyprus
