Each year, the top finishing teams of the league are promoted to the Cypriot Second Division, and the lowest finishing teams are relegated to the STOK Elite Division.

The team with the most points at the end of the season crowned champions.

Due to the Turkish invasion of Cyprus which forced many teams that had their headquarters to the north Cyprus to be closed temporarily or permanently, CFA decided to have a Special mixed championship of Second & Third Division.

No Third Division team ever reached the final or the semifinals, but they managed to qualify to the quarter-finals once (Chalkanoras Idaliou in 1987–88).

The team with the most points at the end of the season are crowned champions.

Sixteen clubs are competing in the league, playing each other twice, once at home and once away for a total of 30 games per team.

1No relegation, but two teams were expelled from the CFA on the category of match-fixing.

So far, 101 teams participated in the Cypriot Third Division since 1970–71 (including the 2016–17 season).