Central Bank of Cyprus

Cyprus Open Banking Regulator

EU
🏛️
Jurisdiction
Cyprus
📋
Regulations
0
Open Banking frameworks
🌍
Region
EU
🔗
Type
NCA
National Competent Authority

About Central Bank of Cyprus

The Central Bank of Cyprus is the primary financial regulatory authority in Cyprus responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), they ensure that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

SCA Update: On 2 September 2019, the Cypriot regulator announced a temporary enforcement extension for Cypriot cards. The length of the delay or any intermediary milestones have not yet been officially confirmed.

Jurisdiction

Cyprus
View Open Banking providers, banks, and TPPs in Cyprus

Key Responsibilities

Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters

Official Resources

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Other open banking regulators in the European Union:

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