CySEC Fines More Than a Dozen of Entities

The Board of the Cyprus Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission (‘the CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term’) said in a a statement today that at its meeting held on 10th February 2020, it decided to impose the following administrative fines for violations of the Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law of 2007, as amended (‘the Law’), in regard to the publication of the Annual Financial Report for the year 2018:

1. Harvest Capital Management Public Ltd – Imposition of a total administrative fine of €13.000 for violation of sections 9(1) and 37(2)(a) of the Law,
2. Liberty Life Insurance Public Company Ltd – Imposition of a total administrative fine of €12.500 for violation of sections 9(1) and 37(2)(a) of the Law,
3. Cyprus Trading Corporation Plc – Imposition of a total administrative fine of €12.500 for violation of sections 9(1) and 37(2)(a) of the Law,
4. Woolworth (Cyprus) Properties Plc – Imposition of a total administrative fine of €12.500 for violation of sections 9(1) and 37(2)(a) of the Law,
5. Ermes Department Stores Plc – Imposition of a total administrative fine of €12.500 for violation of sections 9(1) and 37(2)(a) of the Law,
6. Aias Investment Public Ltd– Imposition of a total administrative fine of €12.500 for violation of sections 9(1) and 37(2)(a) of the Law,
7. A.L. Prochoice Group Public Ltd – Imposition of an administrative fine of €8.500 for violation of section 9(1) of the Law,
8. Rolandos Enterprises Public Ltd- Imposition of an administrative fine of €6.500 for violation of section 9(1) of the Law,
9. Regallia Holdings & Investments Public Ltd – Imposition of a total administrative fine of €6.500 for violation of sections 9(1) and 37(2)(a) of the Law,
10. Isxis Investment Public Ltd– Imposition of a total administrative fine of €6.500 for violation of sections 9(1) and 37(2)(a) of the Law,
11. Elma Holdings Public Company Ltd – Imposition of a total administrative fine of €6.250 for violation of sections 9(1) and 37(2)(a) of the Law,
12. Dodoni Portfolio Investments Public Company Ltd– Imposition of a total administrative fine of €6.250 for violation of sections 9(1) and 37(2)(a) of the Law,
13. Jupiter Portfolio Investments Public Company Ltd – Imposition of a total administrative fine of €6.250 for violation of sections 9(1) and 37(2)(a) of the Law,
14. CPI Holdings Public Ltd – Imposition of an administrative fine of €3.750 for violation of section 9(1) of the Law,
15. Ch. Charilaou Group Plc – Imposition of an administrative fine of €3.000 for violation of section 9(1) of the Law,
16. Karyes Investment Public Company Ltd – Imposition of an administrative fine of €3.000 for violation of section 9(1) of the Law,
17. Exelixi Investment Public Ltd – Imposition of an administrative fine of €1.500 for violation of section 9(1) of the Law,
18. Unigrowth Investments Public Ltd – Imposition of an administrative fine of €1.500 for violation of section 9(1) of the Law. Full details/justification of the CySEC’s decision are/is available in the Greek text of the announcement.