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CySEC Reverses Authorization Suspension for Trek Labs Amid Strategic Enforcement Moves

by THEFUTURE.TEAM

July 8, 2025

Renewed Confidence in Compliance

The Cyprus Securities and Exchange Commission (CySEC) has reaffirmed its trust in Trek Labs Europe Ltd, formerly known as FTX (EU) Ltd, by reversing the earlier suspension of its authorization. At the meeting held on June 23, 2025, CySEC confirmed that Trek Labs, operating under license number 273/15, had successfully met the rigorous standards mandated by the Investment Services and Activities and Regulated Markets Law of 2017. This decision, executed under paragraph 9(3)(a) of Directive DI87-05, signifies a significant regulatory turnaround and underscores the agency’s commitment to dynamic oversight.

Decisive Actions Against Non-Compliance

In a separate ruling on the same day, CySEC revoked the operating license of Oasis Wealth Management Limited. The firm, recognized as a Management Company of Open-ended Undertakings for Collective Investment in Transferable Securities, had proactively opted to withdraw its own licence. This revocation was conducted under section 121(1)(a) of the Open-Ended Undertakings for Collective Investment Law of 2012, reflecting CySEC’s robust stance on ensuring regulatory alignment in the financial sector.

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Targeted Financial Settlements

CySEC has also finalized several financial settlements under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009. These settlements address non-compliance with specific legal provisions and serve as an economic deterrent while contributing to the Treasury of the Republic. The agency concluded a €60,000 settlement with Blossem Services Ltd following an investigation into authorisation compliance requirements specified in the 2017 Law.

Similarly, a €40,000 settlement was secured from Exclusive Change Capital Ltd, tied to organisational obligations observed between January and August 2021, as per articles 22(1) and 17(5)(b) of the 2017 Law. In another case, Broctagon Prime Ltd agreed to a €50,000 settlement related to alleged breaches of articles 25(1) and 25(3)(a) concerning general principles and client information protocols during the third quarter of 2021.

Enforcement of Administrative Standards

Additionally, CySEC imposed a €1,800 fine on A.T.I. Associates (Cyprus) Ltd for failing to submit its annual report for the financial year ending December 31, 2024 by the statutory deadline of February 11, 2025. This administrative penalty, enforced during a board meeting on May 26, 2025, was executed pursuant to article 54(1) of EU Regulation 2019/2033 and the related provisions of Implementing Regulation (EU) 2021/2284.

These regulatory actions reflect CySEC’s unwavering commitment to market integrity and operational transparency, reinforcing a disciplined approach that benefits both the consumer and the financial industry at large.

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Cyprus Youth Confront Economic Challenges Amid High Rent And Job Insecurity

by THEFUTURE.TEAM

April 16, 2026

Young adults in Cyprus are facing a convergence of economic pressures: rising rents, escalating living costs, and an uncertain employment landscape after graduation. Recent interviews with five university students reveal how these issues are reshaping the prospects of an entire generation.

Housing Crisis And Its Far-Reaching Impact

Rising rental costs remain the most immediate concern. Monthly rent for a one-bedroom apartment is approaching €1200, placing independent living out of reach for many students. As a result, many continue living with their families or take on part-time work during their studies. This limits financial independence and delays longer-term decisions such as forming households or starting families.

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Balancing Academic Ambitions And Financial Necessities

Mikaella Stylianou, a first-year Business Administration student at a private university in Cyprus, works to cover everyday expenses, including transport, clothing, and basic living costs. Balancing employment with academic responsibilities reduces available time for rest and social life. Even student accommodation, with studio rents around €600 per month, remains a significant financial burden relative to entry-level income expectations.

Labor Market Challenges And Systemic Shortcomings

Transitioning from education to employment remains uncertain. Andria Perikleous, a Graphic Arts student, and Christos Parmakis, a law student and youth representative at the Cyprus Congress in the Council of Europe, point to structural barriers in the job market. Employers often require prior experience, which recent graduates lack, while rigid academic schedules make part-time work difficult to secure. This combination contributes to financial instability and weakens confidence in post-graduation prospects.

The Broader Economic And Social Landscape

Concerns extend beyond individual finances. Konstantinos Tsokos and Kyprianos Christou highlight the gap between rising living costs and relatively low wages, alongside limitations in public transport and low levels of political engagement among young people. These conditions are prompting some to consider opportunities abroad, raising broader questions about long-term demographic and economic trends in Cyprus.

A Call For Comprehensive Reform

The experiences shared by students point to structural challenges rather than isolated cases. Affordable housing, stronger financial support systems, and a more flexible labor market are frequently cited as necessary areas for reform. Addressing these issues will be central to improving the transition from education to employment and supporting long-term economic stability.