Wellington Management Group Acquires 4.75% Stake in Bank of Cyprus

by THEFUTURE.TEAM

November 22, 2024

Wellington Management Group LLP has made a strategic move in the Cypriot financial sector by acquiring approximately 21 million shares of the Bank of Cyprus, representing a 4.75% stake in the institution.

This acquisition was part of a significant placement following the sale of 21.5 million shares by the liquidator of Laiki Bank, equating to 4.8% of the Bank of Cyprus’s total share capital. Wellington Management secured a majority of these shares, specifically 20,992,909, highlighting its confidence in the bank’s prospects.

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This transaction not only reflects growing investor interest in the Bank of Cyprus but also underscores the evolving dynamics of the Cypriot banking sector. With this new stake, Wellington Management further strengthens its portfolio while signalling its commitment to the region’s financial landscape.

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CySEC Enhances Market Integrity By Withdrawing Firms From Compensation Fund

by THEFUTURE.TEAM

February 16, 2026

Regulatory Action Strengthens Investor Protection

The Cyprus Securities and Exchange Commission (CySEC) has taken decisive steps to protect investors by removing two investment firms, VM Vita Markets Ltd and HTFX EU Ltd, from the Investors Compensation Fund (ICF). This move follows the earlier rescission of their Cyprus Investment Firm (CIF) authorizations.

Link Between Licensing And Compensation

The ICF serves as a safety mechanism, ensuring that clients receive due compensation if an authorized firm is unable to return funds or financial instruments. With the withdrawal of their operating licenses, these firms were rendered ineligible for the fund, highlighting the direct correlation between valid authorization and participation in investor protection schemes.

Preservation Of Client Rights

CySEC has been clear that the removal from the compensation scheme does not jeopardize the entitlements of affected clients. Investors who conducted eligible transactions before the revocation of membership retain the right to claim compensation, provided they meet the established conditions outlined in the directive. This precaution ensures that investors continue to receive remediatory support, even as the firms exit the regulated framework.

Maintaining Oversight In A Dynamic Market

This regulatory intervention reinforces CySEC’s commitment to market oversight and financial stability. By aligning firm licensing with participation in investor safeguard programs, the commission exemplifies robust supervisory practices that adapt to evolving market conditions. Such measures bolster investor confidence and set a standard for regulatory practices in similar financial markets worldwide.

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