Firms seeking participation in CySEC’s Innovation Hub will be assessed against a number of criteria, including:
1. The extent to which a firm’s products or services are new to the market, and the degree to which these products and services are covered by existing regulation. CySEC will prioritise truly innovative businesses.
2. Τhe innovation and emerging technology provided by the business is directly related to the financial services supervised under CySEC’s remit; namely the securities and investment markets.
3. The interested party is already underway in determining its compliance with the regulatory framework and/or aspects of the legislation not currently in place for its business model to advance.
4. A deep-rooted commitment to investor protection and a strong ethical culture of compliance.
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