All About Exams

Course content/ Exam structure

  • Cyprus Securities and Exchange Commission has 3 levels of certifications
  • No exemptions are available
  • Each level focuses on a specific learning map

Explore each level:

CySEC Basic Examination

Note: The number of questions tested in each element can vary, but should not change by more than plus or minus 2.

Chapter Content/ Element Questions
1 Investment Services Law: Scope/Powers/Offences 4
2 Cypriot Investment Firms (CIFs) 12
3 Cypriot Investment Firms (CIFs) and Banks 8
4 Markets in Financial Instruments Regulation (2014) (MiFiR) 5
5 Insider Dealing and Market Manipulation Regulation (2016) 8
6 Open-ended Undertakings for Collective Investment (UCI) Laws (2012-2019) 5
7 Alternative Investments 6
8 The Prevention and Suppression of Money Laundering and Terrorist Financing Laws 2
Total 50

Exam Key information

  • Exams take place twice a week, every Tuesday and Thursday
  • Exams are computerized and they take place at an examination center in Nicosia
  • The application to take the exams is on-line and can be found on CySEC’s website. In order to submit an application, click here.
  • The duration of the exam is 60 minutes and it includes 50 multiple-choice questions. The passing rate for the examination is 70%.

CySEC Advanced Examination

Note: The number of questions tested in each element can vary, but should not change by more than plus or minus 2.

Chapter  Content/Element Questions
1 Investment Services Law: Scope/Powers/Offences 4
2 Cypriot Investment Firms (CIFs) 8
3 Cypriot Investment Firms (CIFs) and Banks 8
4 Open-ended Undertakings for Collective Investment (UCI) Laws (2012-2019) 6
5 Alternative Investments 6
6 The Business of Credit Institutions Laws of 1997-2016 2
7 The Prevention and Suppression of Money Laundering and Terrorist Financing Laws 5
8 Markets in Financial Instruments Regulation (2014) (MiFiR) 4
9 Capital Adequacy Requirements 8
10 European Market Infrastructure Regulation (EMIR) 4
11 Recovery and Resolutions Laws 5
12 Prospectus Regulation 2
13 Transparency Laws 3
14 Insider Dealing and Market Manipulation Regulation (2016) 5
Total 70

Exam Key information

  • Exams take place twice a week, every Tuesday and Thursday
  • Exams are computerized and they take place at an examination center in Nicosia
  • The application to take the exams is on-line and can be found on CySEC’s website. In order to submit an application, click here.
  • The duration of the exam is 90 minutes and it includes 70 multiple-choice questions. The passing rate for the examination is 70%.

CySEC AML Compliance Officer Examination

Chapter  Content/Element
1 Introductory Provisions
2 Understanding Money Laundering, Terrorist Financing and Sanctions
3 Legal and Regulatory Requirements
4 The AML Compliance Culture
5 Assessing and Managing Risks
6 Know Your Customer (KYC) and Customer Due Diligence (CDD)
7 Transaction Monitoring & Suspicious Reporting

Exam Key information

  • Exams take place twice a week, every Tuesday and Thursday
  • Exams are computerized and they take place at an examination center in Nicosia
  • The application to take the exams is on-line and can be found on CySEC’s website. In order to submit an application, click here.
  • The duration of the exam is 60 minutes and it includes 40 multiple-choice questions. The passing rate for the examination is 70%.