CySEC Consultation on Beneficial Owners Directive Updates

CySEC Announcements

Published March 6th, 2026

Detected March 24th, 2026

Summary

The Cyprus Securities and Exchange Commission (CySEC) has launched a consultation on proposed amendments to its Directive on the Register of Beneficial Owners. The changes aim to restrict public access to beneficial ownership information, granting it only to those demonstrating a legitimate interest, in line with EU directives and court rulings. The consultation period closes on March 24, 2026.

View original document View source feed page

What changed

The Cyprus Securities and Exchange Commission (CySEC) has issued a consultation paper proposing significant updates to its Directive on the Register of Beneficial Owners of Express Trusts and Similar Legal Arrangements. These amendments are intended to align national law with Article 74 of Directive (EU) 2024/1640 and will revoke general public access to beneficial ownership information. Access will henceforth be restricted to individuals or organizations that can demonstrate a legitimate interest, a change prompted by a ruling from the Court of Justice of the European Union.

Regulated entities and interested parties must review the proposed amendments, which are detailed in an annex to the consultation paper. To provide feedback or submit enquiries, parties must contact CySEC's Policy Department at policy@cysec.gov.cy by the deadline of March 24, 2026. Failure to comply with the eventual updated directive could result in regulatory action.

What to do next

Review proposed amendments to the Register of Beneficial Owners Directive
Submit feedback or enquiries to policy@cysec.gov.cy by March 24, 2026

Source document (simplified)

PRESS RELEASE

Consultation on Amendments to Register of Beneficial Owners Directive

Access will be granted only to individuals or organizations that can demonstrate legitimate interest Nicosia, 6 March 2026 - The Cyprus Securities and Exchange Commission (CySEC) has published a

consultation paper (available here) proposing updates to its Directive on the Register of Beneficial Owners of Express Trusts and Similar Legal Arrangements (CySEC Directive). The amendments aim to align the CySEC Directive with planned amendments to Law 188(I)/2007 for the purpose of harmonising national law with Article 74 of Directive (EU) 2024/1640. Pursuant to these changes, general public access to beneficial ownership information is revoked. Access will now be granted only to individuals or organizations able to demonstrate a legitimate interest, in line with a relevant ruling of the Court of Justice of the European Union. The consultation paper includes an annex with the specific proposed amendments. Interested parties may submit any enquiries to the Policy Department of CySEC at policy@cysec.gov.cy by 24 March 2026 the latest. ENDS. Press Office Contacts