Wednesday, 1 January 2025
by BD Banks
The regulator published a Consultation Paper on 27 December 2024. The proposal also requires that a Greek summary accompany all prospectuses to safeguard investor accessibility.
Currently, CySEC mandates that prospectuses be prepared in Greek, with exceptions allowing English under certain conditions.
However, the proposed amendment seeks to broaden these exceptions, enabling more issuers to use English while maintaining a summary in Greek to provide essential information for investment decisions.
CySEC says the dual-language approach balances the needs of international market participants and local investors.
By enhancing flexibility and accessibility, the move could attract more international financial activity to Cyprus without compromising investor protection.
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