Cyprus Securities and Exchange Commission | LEGAL
LEGAL
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LEGAL
The duties of the Legal Department mainly include the monitoring of the legislation on securities market, the preparation and submission of suggestions for the amendment of the relevant legislation, the maintenance of a register for CySEC cases pending before the Court, the monitoring, coordination and cooperation with the external legal officers of the CySEC, taking minutes, archiving decisions, maintaining an archive of board composition, announcing the CySEC Board decisions, providing the legal support of the CySEC and providing opinions/answers to questions that are received by the CySEC. Also, the Department is responsible for the harmonisation of the legislation with the EU regulatory framework, as well as for the daily legal support of the CySEC and the rest of the Departments.
 
The duties of the Legal Department mainly include the following:
  • The monitoring of the legislation on securities market
  • The preparation and submission of suggestions for the amendment of the relevant legislation
  • The preparation and submission of suggestions for the issue of secondary legislation (CySEC Directives)
  • The maintenance of a register for cases pending before the Court, the monitoring, coordination and cooperation with external legal consultants of the CySEC
  • The keeping of minutes of the meetings of the Board of the CySEC – filing of decisions – board composition archive – announcements of Board decisions
  • The legal support of the CySEC (correspondence – internal legal opinions - investigations)
  • The harmonisation of national legislation with that of the European Union
  • The communication with supervisory Authorities abroad – exchange of information and protocols of cooperation
  • The legal support – provision of guidelines to market participants, lawyers, auditors, investors, etc regarding the interpretation and application of the legislation on securities market.
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