CySEC reports Cyprus investment firms’ income of €1.9bn for 2020
The Cyprus Securities and Exchange Commission (CySEC) today posted its annual statistical bulletin for 2020.
The total number of authorised entities shows an overall 1% YoY decrease, between 2019 and 2020 (from 494 in 2019 to 490 in 2020), which originated from a decrease in the number of ASPs (from 153 in 2019 to 146 in 2020). For 2020, the authorised regulated entities (REs) for which data was collected (i.e. 460 companies), totalled to around 94% of the total number of authorised companies (i.e. 490 companies).
During 2020, the Income derived from the activities of Cyprus investment firms (CIFs) amounted to €1.9 billion, while Net Income amounted to €0.3 billion. Year 2020 exhibits the largest Trading and Net Income. The Trading Income and the Net Income showed 65% and 51% year-on-year increase between 2019 and 2020, respectively.
The total number of clients of CIFs showed a significant decrease (by around 33%) between 2018 and 2019, and a significant increase (by around 34%) between 2019 and 2020. As at the end of 2020, the total number of clients for all CIFs was 1,587,300.
The total number of employees of all CIFs marked an increase over the years. By the end of 2020, the total number of employees reached 5,408, showing a 10% year-on-year increase from 2019.
The total number of CIFs showed a 2% year-on-year decrease between 2018 and 2019, while a 1% year-on-year increase is noted between 2019 and 2020. As at the end of 2020, the total number of CIFs was 228.
At the end of 2020, CySEC regulated and supervised a total of 788 entities.