CySEC’s Strategic Regulatory Actions: BrightPool Licence Withdrawn and Liquidation Procedures Initiated

by THEFUTURE.TEAM

October 19, 2025

BrightPool Licence Withdrawn

The Cyprus Securities and Exchange Commission (CySEC) has taken a decisive step by withdrawing the Cyprus Investment Firm licence from BrightPool Ltd. On October 13, 2025, CySEC formally cancelled the authorisation, number 378/19, following the company’s decision to relinquish its status. This move signals the regulator’s proactive approach in aligning market operations with stringent compliance standards.

Liquidation of SCITUS Global Real Estate

In a parallel regulatory development, external manager GMM Global Money Managers AIFM Ltd initiated the dissolution and liquidation process for the SCITUS GLOBAL REAL ESTATE compartment. The compartment is part of SCITUS GLOBAL CAPITAL HOLDINGS RAIF V.C.I.C. LTD, a Registered Alternative Investment Fund (RAIF). Until the dissolution and liquidation processes are fully completed and all requisite documents are submitted, the compartment will continue to be listed in the RAIF registry with a notice stating “under liquidation”.

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Liquidation Process for GRAVITY Fund I

Similarly, AFICAP MANAGERS LTD has informed CySEC of the commencement of the dissolution and liquidation procedures for the GRAVITY FUND I compartment. This compartment is managed under GRAVITY FUND RAIF V.C.I.C. PLC, also registered as a RAIF. Consistent with regulatory guidelines, the compartment will remain on the RAIF registry marked “under liquidation” until the process is finalized and all necessary documentation is received by the regulator.

These regulatory actions underscore CySEC’s steadfast commitment to market integrity and compliance. By ensuring that these investment vehicles undergo proper dissolution and liquidation procedures, CySEC reaffirms its dedication to maintaining transparency and rigor in the financial landscape.

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

by News Editor

October 21, 2026

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.

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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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