Financial and Business News

So Much Paperwork That CySEC Needs Another Building

Tuesday, 16/12/2025 | 11:38 GMT by Tareq Sikder
  • The regulator seeks Nicosia office space for 30 staff, with a lease of up to five years.
  • Earlier reports indicate CySEC grew its workforce by 32 staff, aiming to add 42 more.
Ajax Building, Nicosia, CySEC Headquarters, Source: Wikipedia
Ajax Building, Nicosia, CySEC Headquarters, Source: Wikipedia

The Cyprus Securities and Exchange Commission has issued a call for expressions of interest to lease additional office space in Nicosia to accommodate part of its staff, according to a notice published on its website.

Regulator Plans Lease for Staff Offices

The regulator is seeking office premises of around 500 square metres, with a margin of plus or minus ten percent, located within approximately 800 metres of its existing headquarters, which is at 19 Diagorou Str., 1097 Nicosia, Cyprus.

The space must also include storage facilities and meet accessibility, security, and technical requirements suitable for housing about 30 employees. The building must be ready for delivery, including any requested modifications, by the end of April next year.

CySEC said the initial lease period will not exceed three years, with options to extend for up to two additional one-year terms. While the invitation does not constitute a commitment to rent or purchase, the commission noted that proposals will be evaluated based on value for money rather than price alone.

Growing Market Prompts CySEC Headcount Increase

The search for additional office space coincides with an expansion of CySEC’s workforce. Since September 2021, the commission has added 32 new staff members, many in supervisory roles, and plans to hire an additional 42 employees to support its supervision departments, as reported by Finance Magnates earlier. These measures reflect the growing market and increasing regulatory requirements.

CySEC now regulates and supervises approximately 840 entities. The commission continues to adjust its resources and processes to maintain oversight and ensure investor protection in Cyprus and abroad.

The Cyprus Securities and Exchange Commission has issued a call for expressions of interest to lease additional office space in Nicosia to accommodate part of its staff, according to a notice published on its website.

Regulator Plans Lease for Staff Offices

The regulator is seeking office premises of around 500 square metres, with a margin of plus or minus ten percent, located within approximately 800 metres of its existing headquarters, which is at 19 Diagorou Str., 1097 Nicosia, Cyprus.

The space must also include storage facilities and meet accessibility, security, and technical requirements suitable for housing about 30 employees. The building must be ready for delivery, including any requested modifications, by the end of April next year.

CySEC said the initial lease period will not exceed three years, with options to extend for up to two additional one-year terms. While the invitation does not constitute a commitment to rent or purchase, the commission noted that proposals will be evaluated based on value for money rather than price alone.

Growing Market Prompts CySEC Headcount Increase

The search for additional office space coincides with an expansion of CySEC’s workforce. Since September 2021, the commission has added 32 new staff members, many in supervisory roles, and plans to hire an additional 42 employees to support its supervision departments, as reported by Finance Magnates earlier. These measures reflect the growing market and increasing regulatory requirements.

CySEC now regulates and supervises approximately 840 entities. The commission continues to adjust its resources and processes to maintain oversight and ensure investor protection in Cyprus and abroad.

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About the Author: Tareq Sikder
Tareq Sikder
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A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

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