# Disclosure and Market Discipline Report for 2025 (Pillar III)

The below document contains Trek Labs Europe Ltd's (Backpack EU) annual Pillar III Disclosure and Market Discipline Report for 2025, providing detailed information about our risk management framework, capital adequacy, and regulatory compliance as a licensed Cyprus Investment Firm regulated by CySEC under license number 273/15.

{% file src="/files/AnAYF5aKt3dYQsD2Vm6M" %}


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://eu.support.backpack.exchange/legal-documentation/disclosure-and-market-discipline-report-for-2025-pillar-iii.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.