The Cyprus Stock Exchange (CSE) announced on Thursday that it is now accepting applications for registration as direct and general clearing members for the competitive electricity market (CEM).

The CSE will serve as the clearing house for the CEM under a contract concluded with the Cyprus Transmission System Operator (TSO).

Within this framework, the CSE will be responsible for verifying the organisational and professional adequacy of clearing members.

According to the announcement, the exchange will also oversee their integration with the CSE system to be used for clearing house operations, known as the ECMS, and monitor the payment of required collateral for risk management of transactions.

“Taking the above into account, the CSE is inviting interested parties to submit their applications to acquire the status of direct or general clearing member for the competitive electricity market,” the announcement stated.

In addition to the electricity market rules, which came into effect on May 30, 2025, the CSE has issued technical procedures for acquiring clearing member status.

These procedures also cover the professional adequacy of clearing members and include the relevant applications and forms, which are available on the CSE website.

“It is important to ensure the activation of clearing members within the timelines set by the Cyprus Energy Regulatory Authority (CERA),” the CSE stated.

CERA has designated September 15, 2025, as the start of operations for the competitive electricity market and October 1, 2025, as the first trading day.

“The relevant applications must therefore be submitted to the CSE in a timely manner,” the CSE added.

It further stated that final approval by the CSE requires the completion of several necessary procedures.

These include the submission and review of all required documentation, opening accounts on the target platform, gaining access to the ECMS system, and obtaining CSE approval, which is a prerequisite for final approval by the Cyprus TSO for CEM Participants.