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Cysec Implements Strategic Enforcement Measures Amid Enhanced Regulatory Oversight

by THEFUTURE.TEAM

Suspension of Triangleview Investments Ltd

The Cyprus Securities and Exchange Commission (Cysec) has taken decisive action by suspending the authorization of Triangleview Investments Ltd. The regulator cited multiple infractions including breaches of anti‐money laundering provisions, inadequate board and management structures, and a failure to meet organizational obligations. The suspension, effective immediately, prevents the firm from offering investment services, entering new business arrangements, or seeking new clients. However, the company is permitted to conclude ongoing transactions and return funds and instruments to its existing client base, provided compliance measures are implemented within a two‐month period.

Administrative Fine for Lydya Financial Ltd

In another enforcement move, Cysec imposed an administrative fine of €100 on Lydya Financial Ltd for non-compliance with the QST-CIF Form submission requirements for the first quarter of 2025. This fine underscores the regulator’s commitment to operational transparency and adherence to prescribed circulars, specifically addressing the obligations under article 56(4) of the Cysec Law.

Revocation of Previous Rulings for Latnodo Ltd And Cossfort Ltd

On July 21, 2025, Cysec re-evaluated past decisions affecting Latnodo Ltd and Cossfort Ltd, which were initially found to be non-compliant with section 32(3) of the Cysec Law and were subject to earlier administrative penalties. Following a reassessment, the regulator revoked these decisions and removed related announcements from its website, thereby correcting the regulatory record.

Exemption Granted to Albacon Ventures Ltd

In a notable development on August 4, 2025, Cysec granted Albacon Ventures Ltd an exemption from the mandatory public takeover offer requirement in connection with its proposed acquisition of 244,679 ordinary shares in Astarta Holding Plc. The exemption was justified by the fact that the proposed acquisition constitutes less than one percent of Astarta Holding Plc’s total voting rights. Conditions of the exemption stipulate that the acquisition must be finalized within twelve months and that adjustments for any changes in the company’s voting shares will be reflected in the one percent threshold. Furthermore, any subsequent share disposals by Albacon Ventures or its affiliate, Viktor Ivanchyk, will nullify the exemption for additional acquisitions.

Conclusion

These varied regulatory actions highlight Cysec’s rigorous oversight in maintaining market integrity and investor protection. By enforcing compliance measures and recalibrating earlier decisions, the regulator reinforces its commitment to a transparent and robust investment framework in Cyprus.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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