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Article 3 effectively says the Act applies where Article 2 of the Regulation applies.
But later national provisions potentially go further.
Suggested Improvement: Create distinct jurisdictional heads:
EU AI Act jurisdiction
and
national Cyprus jurisdiction.
For example:
Nothing in this Law shall be construed as conferring jurisdiction upon a Competent Authority beyond the jurisdiction conferred by the Regulation, except where a power is expressly conferred by this Law pursuant to a competence retained by the Republic.
That sentence could be extremely important as it prevents regulators using general words to create jurisdiction retrospectively.
That is essentially the kind of controversy presently before the General Court in NVIDIA.