CyprusNotice K.D.P. 252/2025 Designating the Competent Authorities under Regulation (EU) 2022/2554 (DORA)
K.D.P. 252/2025 (Notice on the application of Articles 19 and 46 of Regulation (EU) 2022/2554) Official Gazette Annex III(I) No. 5963 of
In force since .
A sector security regimes rule binding government bodies.
- Private right of action
- No
- Obligation class
- Security, Governance
As of .
What it requires
- Act, as the Superintendent of Occupational Pension Funds, the Superintendent of Insurance, the Cyprus Securities and Exchange Commission or the Central Bank of Cyprus, as the competent authority under Regulation (EU) 2022/2554 for the entities the Notice assigns to you, and exercise the powers that Regulation and its delegated acts provide.
- Perform the functions of the single competent authority under DORA Article 19 for the entities you supervise, as the Notice allocates them between the Commission and the Central Bank.
These lines are LexLint's reading of the law's text, as of .
Who enforces it
Settledness
- As of
What this law does
Notice K.D.P. 252/2025, published in the Official Gazette (Annex III(I), No. 5963) on , is the Minister of Finance's designation of the competent authorities for Regulation (EU) 2022/2554 (DORA) in Cyprus.
It names the Superintendent of Occupational Pension Funds for occupational pension institutions, the Superintendent of Insurance for Cypriot insurance and reinsurance undertakings and the insurance intermediaries it lists, the Cyprus Securities and Exchange Commission for the investment firms, crypto-asset service providers, central securities depositories, central counterparties, trading venues, fund managers and crowdfunding service providers it lists, and the Central Bank of Cyprus for credit institutions, payment institutions, e-money institutions and account information service providers.
The Securities and Exchange Commission and the Central Bank each also perform the functions of the single competent authority under DORA Article 19 for the entities they supervise, and the Commission performs them for central securities depositories licensed or supervised by both bodies. The authorities exercise the powers that the Regulation and the delegated acts adopted under it provide.
When LexLint raises it
When your app profile says your app is a bank, is an insurer, is a securities firm or is a payment provider.