Breaking news

UK Eases Rules For Smaller Private Equity And Hedge Funds: A Game-Changer For Investors

In a bid to enhance its status as a prime investment destination, the United Kingdom is set to relax its regulatory framework for smaller private equity and hedge funds. This strategic move is spearheaded by the UK finance ministry and the Financial Conduct Authority (FCA), which have announced their plans to adjust the ‘full-scope’ regulation threshold from £100 million to an ambitious £5 billion. This change is poised to attract alternative asset managers and bolster the appeal of the UK as a financial hub.

Emma Reynolds, Britain’s economic secretary, emphasized the government’s commitment to removing unnecessary hurdles to investment. This new approach is expected to draw more institutional investors into alternative asset classes such as infrastructure, which have been increasingly favored for their potential higher returns.

Interestingly, this announcement coincides with recent global market volatility, fueled by the news of steep US tariffs under President Trump’s administration, which has disrupted international trade relations and heightened market risks.

The FCA is inviting comments on these regulatory proposals until June 9, marking a critical juncture for investors and financial professionals. As Cyprus strengthens its position as an international funds hub, as highlighted in our feature on Cyprus Strengthens Its Position As An International Funds Hub, the evolving landscape presents both challenges and opportunities for global investors.

Call for Reform: Cyprus Faces New Challenges with Emerging Tobacco Products

In the face of a burgeoning variety of tobacco products, existing smoking laws in Cyprus are struggling to keep pace, as highlighted by Christos Minas, the president of the Cyprus National Addictions Authority (AAEK). On World No-Tobacco Day, there was a push for legislative reforms to comprehensively cover all tobacco forms, including non-nicotine alternatives.

Addressing Rising Trends with Effective Policies

Minas emphasized the surge in popularity of e-cigarettes and flavored products, particularly among the youth. The proposed legal updates aim to enhance enforcement efficiency against these emerging trends.

In collaboration with the World Health Organization’s (WHO) framework, the AAEK has established the first set of national guidelines for smoking cessation in Cyprus, crafting prevention and treatment strategies based on robust scientific evidence.

Educating Youth and Public Awareness Initiatives

Efforts are underway to raise awareness, with informative materials distributed to secondary schools across Cyprus. A public event in Nicosia highlighted the state’s ongoing commitment, providing carbon monoxide testing and expert advice on new tobacco products.

Recent data from the Cyprus general population survey 2023 indicates that 38% of smokers have used e-cigarettes recently, and the smoking initiation age remains at 18.

A Glimpse into Youth Smoking Patterns

According to the latest European school survey, 14% of Cypriot students aged 15-16 reported smoking traditional cigarettes last month. Although this rate is declining, Cyprus still ranks high in Europe for e-cigarette and hookah use among students.

The concern is global, with WHO reports showing over 37 million children aged 13-15 engage in tobacco use, driven by aggressive marketing in loosely regulated environments.

The urgency for reform is clear: before these trends solidify, proactive measures are necessary to protect future generations from potentially hazardous habits.

The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter