CYSEC Issues Circular C700 under DORA

 [Licensing](https://deneopartners.com/category/licensing/) # CYSEC Issues Circular C700 under DORA By [Christina Panayi](https://deneopartners.com/author/c-panayi/)[No Comments](https://deneopartners.com/cysec-issues-circular-c700-under-dora/#respond) CySEC has released a crucial circular **C700**, outlining the reporting obligations under **DORA**. Here are the key takeaways: 1. **Incident Reporting:** Major ICT-related incidents must be reported within strict deadlines: Initial reports within 4 hours, intermediate within 72 hours, and final reports within one month. This ensures swift action and transparency. 2. **Classification of Incidents:** Entities must classify incidents based on various criteria, including client impact, service downtime, and economic repercussions. Understanding the severity helps prioritize responses effectively. 3. **Notification of Cyber Threats:** Voluntary notifications for significant cyber threats are encouraged, allowing entities to proactively address potential risks to the financial system. 4. **Annual Register of Information**: A register detailing ICT service contracts must be maintained and submitted annually by February 28, each year. The first submission is due **by April 30, 2025 with reference date 31 March 2025.** Entities must familiarize themselves with the new forms and processes outlined in the circular. [Read more](https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=0db25b51-967c-4f75-b8f8-c63cf886bce5) ## Request more information [Contact Us Now](https://deneopartners.com/contact/) **Cyprus:** 160 Archiepiskopou Makariou III Avenue, First Floor, 3026, Limassol, Cyprus Tel: +357 25249700 **Seychelles:** CT House, Office No. 9A, Providence, Mahé, Seychelles Tel: +248 4373840 **Mauritius:** Level 1, IconEbene 1, Reduit Road, Cybercity, Ebene. 72201, Mauritius Tel: +230 4686698 **Dubai:** 91 Sheikh Zayed Rd, Al Saqr Business Tower, Office 9, 29th Floor, Dubai, UAE Tel: +971 508231788 **OUR SERVICES** [Global Licensing](https://deneopartners.com/global-licensing/) [Compliance Services](https://deneopartners.com/compliance/) [Accounting, Audit, Tax](https://deneopartners.com/accounting-audit-tax/) [Legal & Corporate](https://deneopartners.com/legal-corporate/) [Advisory](https://deneopartners.com/advisory/) [Banking](https://deneopartners.com/banking/) ©2026 Deneo Partners \| [Privacy Policy](https://deneopartners.com/privacy-policy/) \| Powered by [Viral](https://viral.cy/) [Share](https://deneopartners.com/cysec-issues-circular-c700-under-dora/#) [Share](https://deneopartners.com/cysec-issues-circular-c700-under-dora/# "Share this") [Share](https://deneopartners.com/cysec-issues-circular-c700-under-dora/# "Share this") [Share](https://deneopartners.com/cysec-issues-circular-c700-under-dora/# "Share this") [Pin](https://deneopartners.com/cysec-issues-circular-c700-under-dora/# "Pin this") [Close Menu](https://deneopartners.com/cysec-issues-circular-c700-under-dora/#) We use cookies to ensure that we give you the best experience. [Read more.](https://deneopartners.com/privacy-policy/) ACCEPT Manage consent Close #### Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the ... Necessary Necessary Always Enabled Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Non-necessary Non-necessary Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website. SAVE & ACCEPT