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European Parliament Approves Nearly €200 Billion Budget For 2025

The European Parliament has officially approved the European Union’s 2025 budget, amounting to an impressive €199.4 billion. The budget reflects a 6% increase compared to 2024, showcasing the EU’s commitment to addressing key challenges and investing in its future.

Focused Investments

The budget prioritises programmes designed to enhance citizens’ quality of life, foster competitiveness, and address pressing challenges. Over €230 million has been added to key initiatives, including:

  • “Erasmus+” Programme: An additional €422 million will support education, training, youth, and sports across the EU.
  • “Horizon Europe” Programme: A €20 million boost for scientific research and innovation.

Support for Strategic Goals and Crisis Management

  • Funding is allocated to Ukraine aid and critical technology investments through the Strategic Technology Platform for Europe (STEP).
  • Financial provisions for Next Generation EU interest payments are included.
  • Additional resources are set aside for natural disaster emergency aid and humanitarian crises, both within and beyond EU borders.

This ambitious budget underscores the EU’s strategic focus on fostering innovation, supporting education, and responding to global and regional challenges. By securing substantial funding increases across critical programmes, the EU aims to ensure sustainable growth and resilience in the face of uncertainty.

CySEC Enhances Market Integrity By Withdrawing Firms From Compensation Fund

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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The Future Forbes Realty Global Properties
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Aretilaw firm

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