Breaking news

CySEC Withdraws ICF Membership From R.I.A.L Raising Investment Advisory

by THEFUTURE.TEAM

September 18, 2026

Cyprus Securities and Exchange Commission (CySEC) has withdrawn the Investors Compensation Fund (ICF) membership of R.I.A.L Raising Investment Advisory Ltd following the loss of the company’s regulated status in Cyprus.

The move follows CySEC’s earlier decision to revoke the company’s Cyprus Investment Firm (CIF) authorization, ending its regulated operating status in the country.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

What The Investors Compensation Fund Covers

The Investors Compensation Fund, or ICF, is a statutory scheme that compensates eligible clients of investment firms that cannot meet their obligations. Coverage is subject to the conditions and requirements set out in the relevant rules.

ICF membership provides a layer of protection for clients when a regulated firm fails to meet its obligations.

Membership Withdrawal Follows Licence Revocation

CySEC said the withdrawal of ICF membership resulted directly from its decision to revoke R.I.A.L Raising Investment Advisory Ltd’s CIF authorization.

However, the regulator stressed that losing ICF membership does not automatically remove the rights of clients who may be covered by the scheme.

Eligible Clients Can Still Seek Compensation

Clients covered by the ICF may remain entitled to compensation for investment services and operations carried out before the company lost its membership, provided they meet the conditions set by CySEC’s directive governing the fund.

The withdrawal also does not prevent the compensation process from being initiated for eligible clients. The change affects the firm’s regulatory status but does not automatically eliminate potential claims related to earlier activities.

Regulatory Status And Client Claims Are Separate

The distinction between a firm’s authorization and clients’ compensation rights is significant. Losing a regulatory licence does not necessarily end protections that may have already applied to eligible clients.

For investors and other market participants, the case illustrates that licensing, ICF coverage and compensation claims involve separate legal and procedural requirements.

The Future Forbes Realty Global Properties

Cyprus Business Electricity Prices Rank Among The EU’s Highest

by THEFUTURE.TEAM

November 6, 2026

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.