Regulation

Both depositaries and custodians in Cyprus are regulated entities, typically under the oversight of the Cyprus Securities and Exchange Commission (CySEC) or other relevant regulatory authorities. They must adhere to specific rules and standards to ensure the protection of client assets and compliance with local and international regulations, such as those derived from the European Union directives.In summary, depositaries and custodians in Cyprus play crucial roles in safeguarding and managing financial assets, tailored to the specific needs of different types of investment funds and individual investors. Their services are essential for ensuring transparency, security, and compliance within the financial markets.