The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced that it successfully hosted the European Securities and Markets Authority (ESMA) for its board of supervisors and management board meetings in Nicosia on April 28 and April 29.

According to the announcement, this gathering took place within the official framework of the Cyprus Presidency of the Council of the European Union.

Moreover, according to established protocols, the member state currently holding the presidency is responsible for organising these pivotal sessions of the management bodies of the authority.

The board of supervisors serves as the highest decision-making body and includes the heads of national competent authorities from across the European Union and the European Economic Area.

These voting members were joined by observers from the European Commission, the European Systemic Risk Board, and other major European supervisory authorities.

The management board, which is made up of six elected members, focused its attention on overseeing the management and coordination of the authority to ensure its mission is fulfilled.

These significant meetings brought together top-tier regulators to find common ground on supervisory convergence and various initiatives regarding investor protection.

“Bringing the ESMA board of supervisors and management board together in person is essential to maintaining strong cooperation across the European supervisory community,” stated Verena Ross, who serves as the Chair of the European Securities and Markets Authority.

Ross further mentioned that the discussions in Nicosia occurred at a vital time for financial markets as the union seeks to address emerging risks and maintain high standards for investors.

“I would like to thank CySEC for hosting these important meetings,” Ross added at the conclusion of her remarks.

Meanwhile, CySEC chair George Theocharides welcomed the delegates by expressing that it was “a great honour” for the commission to host such an event during the presidency.

“These meetings provided a unique opportunity for European regulators to come together and advance shared priorities, including stronger investor protection, innovation, and market resilience,” Theocharides said.

“The productive discussions will contribute to shape the future of EU capital markets,” he added.

Headquartered in Paris, the authority acts as an independent body that works to safeguard the stability of the financial system throughout the bloc.

The physical presence of these officials in Nicosia allowed for a strategic dimension of dialogue that is traditional for the country hosting the rotating presidency.

By aligning national efforts with European mandates, the commission aims to reinforce the role of Cyprus as a reliable hub for financial regulation and cooperation.

The outcomes of these meetings are expected to contribute to a more transparent and business-friendly environment across all member states.