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CySEC Withdraws Licences And Memberships In Strategic Regulatory Action

by THEFUTURE.TEAM

September 5, 2025

Reinforcing Regulatory Compliance

The Cyprus Securities and Exchange Commission (CySEC) has taken decisive steps to ensure market integrity by withdrawing the Cyprus Investment Firm licence from Fibo Markets Ltd, following the firm’s own decision to renounce its authorisation. Concurrently, the regulator has terminated Investors Compensation Fund (ICF) membership for four additional firms, reflecting a broader push for heightened regulatory discipline.

Licence Withdrawal And Membership Termination

At its meeting on August 25, 2025, CySEC confirmed the withdrawal of Fibo Markets Ltd’s licence and the removal of Oasis Wealth Management Ltd, The Alternative GMI Ltd, Itrade Global (CY) Ltd, and Viverno Markets Ltd from the ICF. These measures come on the heels of earlier decisions to revoke operating licences for the affected entities, including the withdrawal of the licence for Oasis Wealth Management Ltd as a UCITS management company and the revocation of The Alternative GMI Ltd’s authorisation as an Alternative Investment Fund Manager.

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Client Compensation And Future Procedures

CySEC has underscored that former clients of these firms will still retain their rights to compensation for investment operations conducted prior to the regulatory changes, provided that the eligibility criteria are met. Moreover, the regulator has affirmed that the initiation of compensation procedures remains available where necessary, ensuring that client protections are maintained.

Industry Ramifications

This pronounced regulatory intervention not only safeguards investor interests but also reinforces the importance of continual compliance in a dynamic financial landscape. By retracting the licences and ICF membership of these entities, CySEC is setting a benchmark of accountability that may reverberate throughout the industry, prompting firms to re-evaluate their operational standards to remain competitive and compliant.

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Cyprus Fuel Prices Expected To Rise As Oil Prices Increase

by THEFUTURE.TEAM

March 10, 2026

International Oil Market Dynamics

Fuel prices in Cyprus are expected to rise gradually in the coming weeks as international crude oil prices continue to increase. Recent reports show that heavy crude prices moved from about $93 per barrel to a peak of $117 before settling near $107, reflecting continued volatility in global energy markets.

Projected Retail Impact And Stage-Wise Price Adjustments

Sabbas Prokopiou, president of the Pan-Cypriot Fuel Stations Owners Association, said these international price movements are expected to gradually affect retail fuel prices in Cyprus. A recent increase of around two cents per litre has already been recorded. Additional price adjustments may follow in the coming weeks as international fuel costs pass through the supply chain and reach the retail market.

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Geopolitical Tensions And Market Reactions

Geopolitical developments have also contributed to recent price movements. Concerns about potential regional conflict initially pushed crude prices higher. In a single trading session, prices reportedly rose by about $10 per barrel. More recently, attacks targeting oil storage facilities have added further pressure to international crude markets.

Strategic Outlook And Industry Insights

Prokopiou said further increases in fuel prices remain possible depending on developments in international oil markets. However, he noted that estimating the scale of retail price adjustments remains difficult during periods of geopolitical uncertainty. Similar market patterns were observed in 2022 following the start of the Russia-Ukraine war, when international crude prices rose sharply.

Market participants, including fuel importers and the Consumer Protection Service of the Ministry of Energy, Commerce and Industry, continue to monitor developments in international energy markets.