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CySEC Enforces Regulatory Reforms To Safeguard Financial Markets

by THEFUTURE.TEAM

January 12, 2026

Withdrawal Of Administrative Services Licences

The Cyprus Securities and Exchange Commission (CySEC) has implemented a series of decisive regulatory actions in Cyprus. In a clear demonstration of its commitment to market integrity and compliance with financial services legislation, the regulator has withdrawn administrative services licences and initiated settlements with investment firms.

Fiduserve Management Limited And Mann Made Corporate Services

Effective September 9, 2025, Fiduserve Management Limited (LEI 213800WAVVOPS85N2205) formally waived its authorisation to provide administrative services under the Law Regulating Companies Providing Administrative Services and Related Matters of 2012. As a result, its licence (Number 215/196) expired and the firm was permanently removed from the licensed persons’ Register in accordance with section 16(2) of the Law.

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Similarly, Mann Made Corporate Services (Cyprus) Limited ceased administrative services as of November 11, 2024, following the waiver of its authorisation (Number 200/196). The company was, in turn, permanently deregistered, further solidifying CySEC’s stringent supervisory approach.

Enforcement And Settlements With Investment Firms

In addition to licence revocations, CySEC detailed settlements with two investment firms over potential breaches of investment services legislation. On January 9, 2026, CySEC confirmed a settlement with EDR Financial Ltd (LEI 213800J8EV4SSMIBWB22). This settlement comes after an intensive investigation covering the period from 2020 to 2024, wherein the firm’s adherence to stringent organisational requirements and product intervention measures under Regulation (EU) No 600/2014 was scrutinised. The settlement fee of €50,000 has been fully paid by EDR Financial Ltd.

On the same date, a comparable settlement was reached with Benor Capital Ltd (LEI 213800SPTJ6JRLKCPY23) for non-compliance with the Investment Services and Activities and Regulated Markets Law of 2017, also resulting in a payment of €50,000. As emphasized by CySEC, all revenue collected from such settlements is channelled to the Treasury of the Republic, underscoring the regulator’s impartial role and commitment to fiscal transparency.

Commitment To Market Integrity

These regulatory actions not only reinforce CySEC’s robust supervisory framework but also serve as a stern reminder of the critical importance of adherence to established financial regulations. By swiftly addressing deviations from required standards, CySEC continues to protect market participants and ensure the integrity of Cyprus’ financial landscape.

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Google Cloud Outage Disrupts Banking And Digital Services Across The UK

by THEFUTURE.TEAM

October 20, 2026

A power outage at a Google Cloud data centre near London disrupted services across the UK on Tuesday, affecting banks, businesses and other digital platforms. Google said the incident was caused by a power event at its cloud operations, with full recovery expected by around 1300 GMT.

The disruption began at 0608 GMT and affected Google Cloud services in the europe-west2 region, which is hosted in London. In an initial update, the company reported elevated error rates and intermittent network failures across multiple services as engineers worked to restore operations.

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Banking Services Hit By The Disruption

Revolut was among the most visibly affected companies, with customers reporting problems with ATM withdrawals, bank transfers and card top-ups. A source close to the matter linked the issues to the Google Cloud outage.

Traditional banks also reported disruptions. Lloyds said some customers were experiencing problems with its app and online banking, while HSBC confirmed difficulties accessing its services. HSBC added that it was monitoring the situation and noted that other organisations were affected as well.

Disruption Spreads Beyond Finance

Downdetector, which tracks online service disruptions, recorded hundreds of reports involving other businesses, including property website Rightmove and the Royal Mail postal service. The reports suggested that the outage was affecting multiple parts of the UK’s digital economy.

The incident highlights the risks facing businesses that depend on shared cloud infrastructure. Even a temporary failure at a single provider can disrupt services across several sectors, from banking and payments to logistics and consumer platforms.

Companies Reassure Customers

Revolut said it had been working to resolve the issue since it was identified and apologised to affected customers. The company also confirmed that customers’ money and data remained safe.

As cloud platforms underpin an increasing share of digital commerce, the outage illustrates how disruptions to critical infrastructure can spread far beyond the provider itself, affecting businesses and customers across the economy.