Cyprus Securities and Exchange Commission | BOARD DECISIONS
BOARD DECISIONS
HOME THE COMMISSIONTHE COMMISSION PUBLIC INFORMATIONPUBLIC INFORMATION REGULATED ENTITIESREGULATED ENTITIES REGULATORY FRAMEWORKREGULATORY FRAMEWORK INVESTOR PROTECTIONINVESTOR PROTECTION
CONTACT US  |  LINKS  |   EL / EN |
PUBLIC INFORMATION BOARD DECISIONS
BOARD DECISIONS
Announcement Date: 26 Jun. 2017 Board Decision Date: 19 Jun. 2017
Regarding: Xtrade Europe Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Termination of suspension of CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Fadel Al Ali (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation/Caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Hesham Al Quassin (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation/Caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Vasilios Theocharakis (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation/Caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Andreas Vgenopoulos (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Stelios Stylianou (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation/Caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Platonas Lanitis (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation/Caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Abdulrazaq Al Jassim (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation/Caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mrs Annita Philippidou (CFO Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 80.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Constantinos Mylonas (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 100.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Markos Foros (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 120.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Eleftherios Chiliadakis (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 140.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Panayiotis Kounnis (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 140.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Christos Stylianides (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 200.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Neoklis Lysandrou (Director Cyprus Popular Bank Public Co Ltd )
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 160.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Efthimios Mbouloutas (Director Cyprus Popular Bank Public Co Ltd )
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 200.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Cyprus Popular Bank Public Co Ltd
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law, The Insider Dealing and Market Manipulation (Market Abuse) Law
Subject: Violation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 19 Jun. 2017 Board Decision Date: 07 Jun. 2017
Regarding: Pandora Investments Public Ltd (available in Greek language)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 19 Jun. 2017 Board Decision Date: 07 Jun. 2017
Regarding: Leptos Calypso Hotels Public Ltd (available in Greek language)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr Savvas Rigas (Internal auditor/relevant person of CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Total fine € 20.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr Stavros Hadjikyriacou (Director of CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Total fine € 45.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr Amr Jamal Mohamed Hendawi (relevant person to CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Fine € 50.000/prohibition in the exercise of professional activity
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr Mohab Mohamed Taghian Radwn (relevant person to CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Fine € 50.000/prohibition in the exercise of professional activity
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr AbdeI Rahman Alimari (Shareholder of CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Total fine € 200.000/prohibition in the exercise of professional activity
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr Vladimiros Germanos (Chief Financial Officer of CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Total fine € 20.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr Anastasios Yiapanis (Director of CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Fine € 15.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 30 May. 2017 Board Decision Date: 29 May. 2017
Regarding: Xtrade Europe Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Partial suspension of CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 04 May. 2017 Board Decision Date: 13 Feb. 2017
Regarding: CommexFX Ltd
Legislation: Directive DI144-2007-15 of 2015 – The Investor Compensation Fund Directive
Subject: Initiation of the compensation payment process by the Investor Compensation Fund for Clients of IFs (I.C.F)
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 24 Apr. 2017 Board Decision Date: 13 Mar. 2017
Regarding: UR Trade Fix Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €20.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 19 Apr. 2017 Board Decision Date: 10 Apr. 2017
Regarding: Ros Agro Plc (In Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Apr. 2017 Board Decision Date: 25 Jul. 2016
Regarding: CommexFx Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 04 Apr. 2017 Board Decision Date: 27 Mar. 2017
Regarding: C.C.C. Tourist Enterprises Public Company Ltd (available in Greek language)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 04 Apr. 2017 Board Decision Date: 03 Apr. 2017
Regarding: Dragon Options Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 03 Apr. 2017 Board Decision Date: 03 Apr. 2017
Regarding: TTCM Traders Trust Capital Markets Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 03 Apr. 2017 Board Decision Date: 03 Apr. 2017
Regarding: Leadtrade Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 31 Mar. 2017 Board Decision Date: 13 Mar. 2017
Regarding: Leadtrade Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 31 Mar. 2017 Board Decision Date: 13 Mar. 2017
Regarding: TTCM Traders Trust Capital Markets Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 31 Mar. 2017 Board Decision Date: 13 Mar. 2017
Regarding: Gametech (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 31 Mar. 2017 Board Decision Date: 13 Mar. 2017
Regarding: Dragon Options Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 31 Mar. 2017 Board Decision Date: 27 Mar. 2017
Regarding: Sea Star Capital Plc
Legislation: The Investment Services and Activities and Regulated Markets
Subject: Suspension of trading of issuer shares
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Mar. 2017 Board Decision Date: 17 Mar. 2017
Regarding: Boursotrade Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 15 Mar. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Atlas Capital Financial Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 of 2012
Subject: Withdrawal of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2017 Board Decision Date: 30 Jan. 2017
Regarding: Novox Capital Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €5.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 23 Feb. 2017 Board Decision Date: 23 Jan. 2017
Regarding: PriorFX Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 of 2012, DI144-2007-02 of 2012
Subject: Total fine €63.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 21 Feb. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Avangardco Investments Public Ltd (in Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 15 Feb. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Novox Capital Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 of 2012, DI144-2007-02 of 2012
Subject: Total fine €175.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 07 Feb. 2017 Board Decision Date: 19 Dec. 2016
Regarding: Fortified Capital Ltd
Legislation: Alternative Investment Funds Law
Subject: Fine €5.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 23 Jan. 2017 Board Decision Date: 19 Dec. 2016
Regarding: Bdswiss Holding Plc
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI 144-2007-01 of 2012, Directive DI 144-2007-02 of 2012
Subject: Settlement €150.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Louis Plc (in Greek)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 12.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Cyprint Plc (in Greek)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Charilaos Apostolides Public Ltd (in Greek)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 13 Jan. 2017 Board Decision Date: 19 Dec. 2016
Regarding: IQ Option Europe Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Revocation of decision for non-compliance with section 38 of the Law and for the imposition of an administrative fine of €20,000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 13 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Agroton Public Ltd (available in Greek)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 1.250
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 13 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Karyes Investment Public Company Ltd (available in Greek)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 13 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: L.P. Transbeton Public Ltd (available in Greek)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 11 Jan. 2017 Board Decision Date: 23 Dec. 2016
Regarding: Dome Investments Public Company Ltd
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Mutual Trust Ltd
Legislation: The Law Regulating Companies Providing Administrative Services and Related Matters
Subject: Fine €15.000
Judicial Review: YES (15 Mar. 2017) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 27 Dec. 2016 Board Decision Date: 28 Nov. 2016
Regarding: Colmex Pro Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 of 2012, DI144-2007-02 of 2012
Subject: Fine €100.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 22 Dec. 2016 Board Decision Date: 19 Dec. 2016
Regarding: Jupiter Portfolio Investments Public Company Ltd
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 20 Dec. 2016 Board Decision Date: 28 Nov. 2016
Regarding: Best Choice FBC Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of suspension and commencement of proceedings for the possible withdrawal of a CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 20 Dec. 2016 Board Decision Date: 12 Dec. 2016
Regarding: Blaustein Corporate Services Ltd
Legislation: Law Regulating Companies Providing Administrative Services and Related Matters
Subject: Suspension and commencement of proceedings for the possible withdrawal of an ASP authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 19 Dec. 2016 Board Decision Date: 05 Dec. 2016
Regarding: Louis Plc (available in Greek language)
Legislation: The Investment Services and Activities and Regulated Markets
Subject: Suspension of trading
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 14 Dec. 2016 Board Decision Date: 28 Nov. 2016
Regarding: Globaltrans Investment PLC (available in Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 13 Dec. 2016 Board Decision Date: 28 Nov. 2016
Regarding: UBFS Invest powered by Moneychoice Brokers Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, Regulation 575/2016
Subject: Withdrawal of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Dec. 2016 Board Decision Date: 28 Nov. 2016
Regarding: Atlantic Insurance Company Public Ltd
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 01 Dec. 2016 Board Decision Date: 21 Nov. 2016
Regarding: Ch. Charilaou Group Plc
Legislation: The Takeover Bids Law
Subject: Extension for the disposal of shares following the granting of an exception to submit a mandatory takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 24 Nov. 2016 Board Decision Date: 24 Nov. 2016
Regarding: PFX Financial Professionals Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 31 Oct. 2016 Board Decision Date: 26 Sep. 2016
Regarding: Falcon Brokers Ltd
Legislation: Directive DI144-2007-15 of 2015 – the Investor Compensation Fund Directive
Subject: Initiation of the compensation payment process by the Investor Compensation Fund for Clients of IFs (‘the I.C.F’)
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 25 Oct. 2016 Board Decision Date: 26 Sep. 2016
Regarding: XFR Financial Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, Directive DI 144-2007-01 of 2012, Directive DI 144-2007-02 of 2012
Subject: Fine €225.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Oct. 2016 Board Decision Date: 26 Sep. 2016
Regarding: Bank of Cyprus Public Company Ltd
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law, the Insider Dealing and Market Manipulation (Market Abuse) Law
Subject: Total fine € 25.000
Judicial Review: YES (24 Oct. 2016) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Oct. 2016 Board Decision Date: 26 Sep. 2016
Regarding: Mr. Andreas Artemi (Director Bank of Cyprus Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 70.000
Judicial Review: YES (08 Dec. 2016) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Oct. 2016 Board Decision Date: 26 Sep. 2016
Regarding: Mr. Yiannis Kypri (Director Bank of Cyprus Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 70.000
Judicial Review: YES (20 Dec. 2016) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Oct. 2016 Board Decision Date: 26 Sep. 2016
Regarding: Mr. Yiannis Pechlivanides (Director Bank of Cyprus Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 70.000
Judicial Review: YES (14 Dec. 2016) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Oct. 2016 Board Decision Date: 26 Sep. 2016
Regarding: Mr. Stavros Constantinides (Director Bank of Cyprus Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 50.000
Judicial Review: YES (08 Dec. 2016) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Oct. 2016 Board Decision Date: 26 Sep. 2016
Regarding: Mr. Costas Severis (Director Bank of Cyprus Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 30.000
Judicial Review: YES (08 Dec. 2016) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Oct. 2016 Board Decision Date: 26 Sep. 2016
Regarding: Mr. Georgios Georgiades (Director Bank of Cyprus Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 30.000
Judicial Review: YES (08 Dec. 2016) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Oct. 2016 Board Decision Date: 26 Sep. 2016
Regarding: Mrs. Irini Caramanou (Director Bank of Cyprus Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 30.000
Judicial Review: YES (17 Oct. 2016) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Oct. 2016 Board Decision Date: 26 Sep. 2016
Regarding: Mr. Christis Hadjimitsis (General Manager Bank of Cyprus Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 70.000
Judicial Review: YES (20 Dec. 2016) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 04 Oct. 2016 Board Decision Date: 05 Sep. 2016
Regarding: Mr. Danny Rothman (or Mr. Daniel Rubinstein)
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €100.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 03 Oct. 2016 Board Decision Date: 19 Sep. 2016
Regarding: Teos Corporate Services Ltd
Legislation: The Law Regulating Companies Providing Administrative Services and Related Matters
Subject: Fine €5.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 30 Sep. 2016 Board Decision Date: 05 Sep. 2016
Regarding: IQ Option Europe Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, Directive DI 144-2007-01 of 2012, Directive DI 144-2007-02 of 2012
Subject: Fine €180.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 30 Sep. 2016 Board Decision Date: 05 Sep. 2016
Regarding: OptionRally Financial Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, Directive DI 144-2007-01 of 2012, Directive DI 144-2007-02 of 2012
Subject: Fine €138.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Sep. 2016 Board Decision Date: 26 Sep. 2016
Regarding: AirFinance Pro Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Sep. 2016 Board Decision Date: 05 Sep. 2016
Regarding: Best Choice FBC Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of suspension of CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 21 Sep. 2016 Board Decision Date: 12 Sep. 2016
Regarding: UBFS Invest powered by Moneychoice Brokers Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of Suspension and commencement of proceedings for the possible withdrawal of the CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 21 Sep. 2016 Board Decision Date: 16 Mar. 2015, 01 Aug. 2016
Regarding: Cyprus Popular Bank Public Co Ltd
Legislation: Insider Dealing and Market Manipulation (Market Abuse) Law, Directive DI116-2005-03
Subject: Violation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 21 Sep. 2016 Board Decision Date: 16 Mar. 2015, 01 Aug. 2016
Regarding: Mr Efthimios Mpouloutas
Legislation: Insider Dealing and Market Manipulation (Market Abuse) Law, Directive DI116-2005-03
Subject: Total fine € 70.000
Judicial Review: YES (25 Nov. 2016) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 21 Sep. 2016 Board Decision Date: 16 Mar. 2015, 01 Aug. 2016
Regarding: Mr Christos Stylianides
Legislation: Insider Dealing and Market Manipulation (Market Abuse) Law, Directive DI116-2005-03
Subject: Fine € 50.000
Judicial Review: YES (25 Nov. 2016) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 09 Sep. 2016 Board Decision Date: 11 Jul. 2016
Regarding: Atlas Capital Financial Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of Suspension and commencement of proceedings for the possible withdrawal of the CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 09 Sep. 2016 Board Decision Date: 05 Sep. 2016
Regarding: AFI Development Plc (In Greek)
Legislation: The Takeover Bids Law
Subject: Extension to the exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 19 Aug. 2016 Board Decision Date: 01 Aug. 2016
Regarding: HF Markets (Europe) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, Directive DI 144-2007-01 of 2012, Directive DI 144-2007-02 of 2012
Subject: Fine €105.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Aug. 2016 Board Decision Date: 05 Aug. 2016
Regarding: MANRICH FUND LIMITED, BIGAN WEALTH FUND LTD, GAINMORE FUND LTD και EBIT FUND LTD
Legislation: The Alternative Investment Funds Law
Subject: Non compliance of International Collective Investment Schemes with the conditions regarding their operation as Alternative Investment Funds with Limited Number of Persons
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Aug. 2016 Board Decision Date: 25 Jul. 2016
Regarding: M&L Invest Union Markets Ltd
Legislation: Regulation (EU) No. 680/2014, Directive DI144-2014-14 of the Cyprus Securities and Exchange Commission
Subject: Fine €2.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Aug. 2016 Board Decision Date: 05 Aug. 2016
Regarding: AFI Development Plc (In Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 09 Aug. 2016 Board Decision Date: 08 Aug. 2016
Regarding: Mutual Trust Limited
Legislation: The Law regulating Companies providing Administrative Services and Related Matters of 2012
Subject: Continuance of suspension of ASP license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 09 Aug. 2016 Board Decision Date: 01 Aug. 2016
Regarding: UBFS Invest powered by Moneychoice Brokers Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of suspension of CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 09 Aug. 2016 Board Decision Date: 25 Jul. 2016
Regarding: Best Choice FBC Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jul. 2016 Board Decision Date: 25 Jul. 2016
Regarding: AirFinance Pro Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Jul. 2016 Board Decision Date: 06 Jun. 2016
Regarding: B.O. Tradefinancials Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, Directive DI 144-2007-01 of 2012, Directive DI 144- 2007-02 of 2012
Subject: Total Fine €138.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Jul. 2016 Board Decision Date: 13 Jun. 2016
Regarding: Charilaos Apostolides Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Jul. 2016 Board Decision Date: 13 Jun. 2016
Regarding: Cyprint Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Jul. 2016 Board Decision Date: 13 Jun. 2016
Regarding: Karkotis Manufacturing & Trading Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Jul. 2016 Board Decision Date: 13 Jun. 2016
Regarding: L.P. Transbeton Public Ltd
Legislation: Ο περί των Προϋποθέσεων Διαφάνειας (Κινητές Αξίες προς Διαπραγμάτευση σε Ρυθμιζόμενη Αγορά) Νόμος
Subject: Συνολικό πρόστιμο € 6.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Jul. 2016 Board Decision Date: 13 Jun. 2016
Regarding: Sea Star Capital Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Jul. 2016 Board Decision Date: 13 Jun. 2016
Regarding: Modestou Sound & Vision Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Jul. 2016 Board Decision Date: 13 Jun. 2016
Regarding: Agroton Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Karkotis Manufacturing & Trading Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total Fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Firstdelos Group Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Ceilfloor Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Phil. Andreou Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Charilaos Apostolides Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Cyprint Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: L.P. Transbeton Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €12.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Karaolis Group Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €12.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: KDM Shipping Public Ltd
Legislation: he Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €3.750
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Elma Holding Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €3.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Jupiter Portfolio Investments Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €2.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Liberty Life Insurance Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €2.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Δωδώνη Επενδύσεις Χαρτοφυλακίου Δημόσια Εταιρεία Λτδ
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €2.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jun. 2016 Board Decision Date: 07 Mar. 2016
Regarding: Agroton Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.250
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 28 Jun. 2016 Board Decision Date: 27 Jun. 2016
Regarding: UBFS Invest powered by Moneychoice Brokers Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of suspension of CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Jun. 2016 Board Decision Date: 17 Jun. 2016
Regarding: AirFinance Pro Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Jun. 2016 Board Decision Date: 28 Mar. 2016
Regarding: Opus Trust Management Ltd
Legislation: Law Regulating Companies Providing Administrative Services and Related Matters
Subject: Recall and Rejection of an Application for an ASP authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 27 May. 2016 Board Decision Date: 23 May. 2016
Regarding: UBFS Invest powered by Moneychoice Brokers Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 27 May. 2016 Board Decision Date: 25 Apr. 2016
Regarding: Trademarker (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 25 May. 2016 Board Decision Date: 16 May. 2016
Regarding: Atlas Capital Financial Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of Suspension of CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 25 May. 2016 Board Decision Date: 16 May. 2016
Regarding: Ch. Charilaou Group Plc
Legislation: The Takeover Bids Law
Subject: Extension for the disposal of shares following the granting of an exception to submit a mandatory takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 25 May. 2016 Board Decision Date: 16 May. 2016
Regarding: Pandora Investment Public Ltd (in greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 25 May. 2016 Board Decision Date: 16 May. 2016
Regarding: Leptos Calypso Hotels Public Ltd (in greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 12 May. 2016 Board Decision Date: 09 May. 2016
Regarding: Atlas Capital Financial Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of Suspension of CIF authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 28 Mar. 2016
Regarding: Falcon Brokers Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: AFI Development Plc (available in Greek language
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Agroton Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Charilaos Apostolides Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Charilaos Apostolides Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Cyprint Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Dodoni Portfolio Investments Public Co Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Elma Holdings Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Empire Capital Investments Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Finikas Ammochostou Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Firstdelos Group Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Jupiter Portfolio Investments Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: K. Athienitis Contractors Developers Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Karkotis Manufacturing & Trading Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: KDM Shipping Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Laser Investment Group Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: LibeLiberty Life Insurance Public Company Ltd (available in Greek language)rty Life Insurance Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: O.C. Options Choice Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Phil Andreou Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: SAFS Holdings Public Limited (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Sea Star Capital Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Apr. 2016 Board Decision Date: 02 Nov. 2015
Regarding: Stario Portfolio Investments Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 07 Apr. 2016 Board Decision Date: 07 Apr. 2016
Regarding: Atlas Capital Financial Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 07 Apr. 2016 Board Decision Date: 25 Jan. 2016
Regarding: Cyprus Popular Bank Public Co Ltd
Legislation: Insider Dealing and Market Manipulation (Market Abuse) Law, DI116-2005-03
Subject: Violation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 07 Apr. 2016 Board Decision Date: 04 Apr. 2016
Regarding: Pegase Capital Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of suspension of CIF authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 31 Mar. 2016 Board Decision Date: 29 Feb. 2016
Regarding: Mayzus Investment Company Ltd
Legislation: The Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive DI 144-2007-08 of 2012
Subject: Fine €12.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 30 Mar. 2016 Board Decision Date: 18 Jan. 2016
Regarding: Ouroboros Derivatives Trading Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, Directive DI 144-2007-01 of 2012, Directive DI 144-2007-02 of 2012
Subject: Fine €235.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Mar. 2016 Board Decision Date: 14 Sep. 2016
Regarding: Unity Managers (Cyprus) Ltd (in Greek)
Legislation: Code of Conduct of Directors and Related Persons Directive DI116 2005-05 of 2012
Subject: Fine €5.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Mar. 2016 Board Decision Date: 14 Dec. 2015
Regarding: SpotOption Exchange Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €10.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Mar. 2016 Board Decision Date: 14 Dec. 2015
Regarding: BDSwiss Holding Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €5.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 11 Mar. 2016 Board Decision Date: 01 Feb. 2016
Regarding: CommexFX Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €50.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 09 Mar. 2016 Board Decision Date: 09 Mar. 2016
Regarding: Trademarker (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of suspension of CIF authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 07 Mar. 2016 Board Decision Date: 21 Dec. 2015
Regarding: Grow Wealth Assets Ltd
Legislation: Regulation (EU) No 680/2014, Directive DI144-2014-14 of the Cyprus Securities and Exchange Commission
Subject: Fine €5.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 04 Mar. 2016 Board Decision Date: 29 Feb. 2016
Regarding: Pegase Capital Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 23 Feb. 2016 Board Decision Date: 14 Dec. 2015
Regarding: CommexFX Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €100.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 15 Feb. 2016 Board Decision Date: 12 Feb. 2016
Regarding: Trademarker (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 28 Jan. 2016 Board Decision Date: 18 Nov. 2015
Regarding: Mr. Christo Karkoti
Legislation: The Takeover Bids Law
Subject: Fine € 5.000 and suspension of voting rights
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 27 Jan. 2016 Board Decision Date: 12 Oct. 2015
Regarding: Rodeler Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, The Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive DI 144-2007-01 of 2012, Directive DI 144-2007-02 of 2012, Directive DI 144-2007-08 of 2012
Subject: Fine €156.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 27 Jan. 2016 Board Decision Date: 18 Jan. 2016
Regarding: Banc De Binary Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws Directive DI 144-2007-01 of 2012, Directive DI 144-2007-02 of 2012
Subject: Settlement €350.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 13 Jan. 2016 Board Decision Date: 28 Apr. 2014
Regarding: Cyprus Popular Bank Public Co Ltd, Mr. Andreas Vgenopoulos Mr. Efthymios Bouloutas Mr. Christos Stylianides Mr. Panayiotis Kounnis Mr. Eleftherios Chiliadakis Mr. Neoclis Lysandrou Mr. Vasilios Theocharakis Mr. Constantinos Mylonas Mr. Markos Foros Mrs. Annita Philippides The Provident Fund of the Employees of Cyprus Popular Bank Public Co Ltd κ. Demetris Pleypel (available in greek language)
Legislation: (i) The Insider Dealing and Market Manipulation Law ( L.116(Ι)/2005), (ii) The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law (L.190(Ι)/2007), (iii) The Law providing for the conditions of making an offer to the public of securities, on the prospectus to be published when securities are offered to the public (L.114(Ι)/2005),
Subject: Total fine €1.050.000 as announced on 05.06.2014
Judicial Review: YES (11 Jul. 2014) NOT AT PRESENT Judicial Review Ruling: Click here Click here
Announcement Date: 17 Dec. 2015 Board Decision Date: 30 Nov. 2015
Regarding: Sun Interbrew Plc (available in Greek language)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Elma Holdings Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Dodoni Portfolio Investments Public Co Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: O.C. Options Choice Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Firstdelos Group Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: SAFS Holdings Public Limited (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Stario Portfolio Investments Public Company Limited (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Laser Investment Group Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Charilaos Apostolides Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Empire Capital Investments Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Ceilfloor Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Finikas Ammochostou Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: K. Athienitis Contractors Developers Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Cyprint Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Karkotis Manufacturing & Trading Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Jupiter Portfolio Investments Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Phil. Andreou Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €12.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Unifast Finance & Investments Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €7.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Renos Hatzioannou Farm Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €6.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Primetel Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €4.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Adelfoi Pipis Farm Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: D&M Telemarketing Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Astarti Development Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: D.H. Cyprotels Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Libra Group Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Songa Offshore SE (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Agroton Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €750
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: KDM Shipping Public Limited (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 17 Dec. 2015 Board Decision Date: 11 May. 2015
Regarding: Liberty Life Insurance Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €2.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 07 Dec. 2015
Regarding: L.P. Transbeton Public Ltd and Karaolis Group Public Ltd (available in greek language)
Legislation: The Investment Services and Activities and Regulated Markets
Subject: Suspension of trading
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Firstdelos Group Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: O.C. Options Choice Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: SAFS Holdings Public Limited (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Stario Portfolio Investments Public Company Limited (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Laser Investment Group Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Charilaos Apostolides Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Empire Capital Investments Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Ceilfloor Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Finikas Ammochostou Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: K. Athienitis Contractors Developers Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Cyprint Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €7.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Astarti Development Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: D.H. Cyprotels Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Libra Group Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Adelfoi Pipis Farm Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: D&M Telemarketing Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €1.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Agroton Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €6.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Phil. Andreou Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €6.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Karkotis Manufacturing & Trading Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €6.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Elma Holdings Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €6.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Dodoni Portfolio Investments Public Co Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €6.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Jupiter Portfolio Investments Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €6.300
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Karaolis Group Public Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.200
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Renos Hatzioannou Farm Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.600
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Unifast Finance & Investments Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €2.400
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Sea Bird Exploration Plc (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Modestou Sound & Vision Public Company Ltd (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €4.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Dec. 2015 Board Decision Date: 08 Jun. 2015
Regarding: Royal Highgate Public Company Limited (available in Greek language)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 04 Dec. 2015 Board Decision Date: 30 Nov. 2015
Regarding: Falcon Brokers Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of suspension of CIF authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 27 Nov. 2015 Board Decision Date: 29 Sep. 2015
Regarding: Reliantco Investments Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, Directive DI-144-2007-01 of 2012, Directive DI 144-2007-02 of 2012
Subject: Fine €123.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 27 Nov. 2015 Board Decision Date: 12 Oct. 2015
Regarding: Pegase Capital Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, The Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive DI 144-2007-01 of 2012, Directive DI 144- 2007-02 of 2012, Directive DI 144-2007-08 of 2012
Subject: Fine €300.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 27 Nov. 2015 Board Decision Date: 21 Sep. 2015
Regarding: WGM Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, The Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive DI 144-2007-01 of 2012, Directive DI 144- 2007-02 of 2012, Directive DI 144-2007-08 of 2012
Subject: Fine €340.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 27 Nov. 2015 Board Decision Date: 02 Nov. 2015, 18 Nov. 2015
Regarding: IronFX Global Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, Directive DI 144-2007-01 of 2012, Directive DI 144-2007-02 of 2012
Subject: Settlement €335.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 27 Nov. 2015 Board Decision Date: 12 Oct. 2015
Regarding: Depaho Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, The Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive DI 144-2007-01 of 2012, Directive DI 144-2007-02 of 2012, Directive DI 144-2007-08 of 2012
Subject: Fine €233.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 25 Nov. 2015 Board Decision Date: 18 Nov. 2015
Regarding: Ch. Charilaou Group Plc (availavle in greek language)
Legislation: The Takeover Bids Law
Subject: Extension for the disposal of shares following the granting of an exception to submit a mandatory taκeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 25 Nov. 2015 Board Decision Date: 12 Oct. 2015
Regarding: Pulp International Business Ltd
Legislation: Directive DI144-2007-15 of 2015 – the Investor Compensation Fund Directive
Subject: Initiation of the compensation payment process by the Investor Compensation Fund for Clients of IFs (‘the I.C.F’)
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 24 Nov. 2015 Board Decision Date: 29 Sep. 2015
Regarding: Mr. Said Salem, Mr. Shaher Hasanain, Mr. Savvas Savva, Mr. Marios Economou (Directors of Pulp International Business Ltd)
Legislation: Directive DI144-2007-01 for the Authorisation and Operating Conditions of CIFs
Subject: Fine €150.000/reprimand
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 02 Nov. 2015 Board Decision Date: 26 Oct. 2015
Regarding: Falcon Brokers Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Continuance of suspension of CIF authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 20 Oct. 2015 Board Decision Date: 05 Oct. 2015
Regarding: 1 T.C.R. CORP. LTD
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Oct. 2015 Board Decision Date: 16 Feb. 2015
Regarding: CLR Overseas Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €10.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 09 Oct. 2015 Board Decision Date: 05 Oct. 2015
Regarding: Avangardco Investments Public Ltd (in Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 09 Oct. 2015 Board Decision Date: 31 Aug. 2015
Regarding: Stademos Hotels Plc (in Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 09 Oct. 2015 Board Decision Date: 28 Sep. 2015
Regarding: Jupiter Portfolio Investments Public Company Ltd (in Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 09 Oct. 2015 Board Decision Date: 05 Oct. 2015
Regarding: Global Ports Investments Plc (in Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 24 Sep. 2015 Board Decision Date: 21 Sep. 2015
Regarding: Falcon Brokers Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 24 Sep. 2015 Board Decision Date: 03 Aug. 2015
Regarding: Fellaco Services Ltd
Legislation: Law Regulating Companies Providing Administrative Services and Related Matters
Subject: Fine €10.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Aug. 2015 Board Decision Date: 27 Jul. 2015
Regarding: Iliad Investments Ltd (ex PP&F Capital Ltd)
Legislation: The Alternative Investment Fund Managers Law
Subject: Withdrawal of Alternative Investment Fund Manager authorisation
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Aug. 2015 Board Decision Date: 27 Jul. 2015
Regarding: CommexFX Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, DI144-2007-01 of 2012
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 03 Aug. 2015 Board Decision Date: 06 Jul. 2015
Regarding: Banc De Binary Ltd
Legislation: The Prevention and Suppression of Money Laundering and Terrorist Financing Law, DI144-2007-08 of 2012 for the Prevention of Money Laundering and Terrorist Financing
Subject: Fine €22.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 29 Jul. 2015 Board Decision Date: 20 Jul. 2015
Regarding: Asset Management Advisory Services (ΑMASS) Limited
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 16 Jul. 2015 Board Decision Date: 13 Jul. 2015
Regarding: 1 T.C.R CORP. LTD
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Jul. 2015 Board Decision Date: 06 Jul. 2015
Regarding: Asset Management Advisory Services (AMASS) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Jul. 2015 Board Decision Date: 06 Jul. 2015
Regarding: P.M. Investment Capital Limited
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-05 of 2012, DI144-2007-06 of 2012
Subject: Withdrawal of CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Jul. 2015 Board Decision Date: 18 May. 2015
Regarding: Fidelisco Capital Markets Ltd
Legislation: Ο περί Επενδυτικών Υπηρεσιών και Δραστηριοτήτων και Ρυθμιζόμενων Αγορών Νόμος
Subject: Fine €15.000
Judicial Review: YES (15 Sep. 2015) NOT AT PRESENT Judicial Review Ruling: Pending Pending
Announcement Date: 06 Jul. 2015 Board Decision Date: 11 Nov. 2013
Regarding: Mr Abdel Rahman El Amary (Director of CIF CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €30.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Jul. 2015 Board Decision Date: 11 Nov. 2013
Regarding: CommexFX Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 for the Authorisation and Operating Conditions of CIFs
Subject: Fine €100.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 02 Jul. 2015 Board Decision Date: 02 Mar. 2015, 25 May. 2015
Regarding: Safecap Investments Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 for the Authorisation and Operating Conditions of CIFs, DI144-2007-02 for the Professional Competence of Investment Firms and of the Natural Persons Employed by Them etc
Subject: Fine €168.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 02 Jul. 2015 Board Decision Date: 29 Jun. 2015
Regarding: CommexFX Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 of 2012
Subject: Continuance of Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 30 Jun. 2015 Board Decision Date: 22 Jun. 2015
Regarding: Argus Funds
Legislation: The Open-Ended Undertakings for Collective Investment (UCI) Law of 2012
Subject: Revocation of UCITS licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 12 Jun. 2015 Board Decision Date: 12 Jun. 2015
Regarding: CommexFX Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, DI144-2007-01 of 2012
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 12 Jun. 2015 Board Decision Date: 18 May. 2015
Regarding: Ch. Charilaou Group Plc (availavle in greek language)
Legislation: The Takeover Bids Law
Subject: Extension for the disposal of shares following the granting of an exception to submit a mandatory ta
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 02 Jun. 2015 Board Decision Date: 25 May. 2015
Regarding: Karkotis Manufacturing & Trading Public Ltd, Phil. Andreou Public Ltd, Elma Holdings Public Company Ltd, Δωδώνη Επενδύσεις Χαρτοφυλακίου Δημόσια Εταιρεία Λτδ, Jupiter Portfolio Investments Public Company Ltd (available in Greek language)
Legislation: The Investment Services and Activities and Regulated Markets
Subject: Suspension of trading
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 21 May. 2015 Board Decision Date: 02 Feb. 2015
Regarding: Trademarker (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €20.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 20 May. 2015 Board Decision Date: 30 Mar. 2015
Regarding: Reliantco Investments Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-02 of 2012
Subject: Fine €8.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 15 May. 2015 Board Decision Date: 11 May. 2015
Regarding: Atlantic Insurance Company Public Ltd
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 15 May. 2015 Board Decision Date: 30 Mar. 2015
Regarding: Banc De Binary Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: €20.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Apr. 2015 Board Decision Date: 17 Nov. 2014
Regarding: Cyprus Airways Public Company Ltd, O.C. Options Choice Plc, SAFS Holdings Public Limited, Stario Portfolio Investments Public Company Ltd, Laser Investment Group Plc, Charilaos Apostolides Public Ltd, Empire Capital Investments Public Ltd, A. Panayides Contracting Public Ltd, Finikas Ammochostou Plc, Adelfoi Pipis Farm Public Company Ltd, Karkotis Manufacturing & Trading Public Ltd, K. Athienitis Contractors Developers Public Ltd, Cyprint Plc, Astarti Development Plc, D.H. Cyprotels Plc, Libra Group Plc, Agroton Public Ltd, KDM Shipping Public Ltd, Firstdelos Group Plc, Ceilfloor Public Company Ltd, Elma Holdings Public Company Ltd, Liberty Life Insurance Public Company Ltd, Dodoni Portfolio Investments Public Co Ltd, Jupiter Portfolio Investments Public Company Ltd, AFI Development Plc, Karies Investment Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines / Cautions
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 08 Apr. 2015 Board Decision Date: 17 Nov. 2014
Regarding: Cyprus Airways Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €13.500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 06 Apr. 2015 Board Decision Date: 16 Mar. 2015
Regarding: Pulp International Business Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 of 2012, The Prevention and Suppression of Money Laundering Activities Law
Subject: Withdrawal of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 26 Mar. 2015 Board Decision Date: 02 Mar. 2015
Regarding: WGM Services Ltd (available in Greek)
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €10.000
Judicial Review: YES (16 Sep. 2015) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 09 Feb. 2015
Regarding: TTCM Traders Trust Capital Markets Ltd (available in Greek)
Legislation: Τhe Cyprus Securities and Exchange Commission Law
Subject: Fine €5.000
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Cyprus Airways Public Company Ltd, O.C. Options Choice Plc, SAFS Holdings Public Limited, Stario Portfolio Investments Public Company Limited, Laser Investment Group Plc, Charilaos Apostolides Public Ltd, Empire Capital Investments Public Ltd, A. Panayides Contracting Public Ltd, Finikas Ammochostou Plc, K. Athienitis Contractors Developers Public Ltd, Cyprint Plc, Astarti Development Plc, D.H. Cyprotels Plc, Libra Group Plc, Firstdelos Group Plc, Ceilfloor Public Company Ltd, Bank of Cyprus Public Company Ltd, C.T.O Public Company Ltd, Adelfoi Pipis Farm Public Company Ltd, Agroton Public Ltd, L.P. Transbeton Public Ltd, Deep Sea Supply Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines / Cautions
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Cyprus Airways Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: O.C. Options Choice Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: SAFS Holdings Public Limited
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Stario Portfolio Investments Public Company Limited
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Laser Investment Group Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Charilaos Apostolides Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Empire Capital Investments Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: A. Panayides Contracting Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Finikas Ammochostou Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: K. Athienitis Contractors Developers Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Cyprint Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Astarti Development Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: D.H. Cyprotels Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Libra Group Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Firstdelos Group Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €500 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Ceilfloor Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €500 and caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Agroton Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: L.P. Transbeton Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Deep Sea Supply Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €500
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Bank of Cyprus Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Caution
Judicial Review: YES (16 Sep. 2015) NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: C.T.O Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 10 Mar. 2015 Board Decision Date: 03 Nov. 2014
Regarding: Adelfoi Pipis Farm Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Caution
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 04 Mar. 2015 Board Decision Date: 02 Mar. 2015
Regarding: Pulp International Business Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, The Prevention and Suppression of Money Laundering and Terrorist Financing Law, DI144-2007-01 of 2012
Subject: Continuance of Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 25 Feb. 2015 Board Decision Date: 16 Feb. 2015
Regarding: Karkotis Manufacturing & Trading Public Ltd, Adelfoi Pipis Farm Public Company Ltd, D & M Telemarketing Public Ltd, Phil. Andreou Public Ltd, Elma Holdings Public Company Ltd, Dodoni Portfolio Investments Public Company Ltd and Jupiter Portfolio Investments Public Company Ltd
Legislation: The Investment Services and Activities and Regulated Markets
Subject: Suspension of trading
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Feb. 2015 Board Decision Date: 02 Feb. 2015
Regarding: UFS Capital Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-05 of 2012, DI144-2007-06 of 2012
Subject: Withdrawal of CIF license
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 18 Feb. 2015 Board Decision Date: 16 Feb. 2015
Regarding: Pulp International Business Ltd
Legislation: The Investment Services and Activities and Regulated Markets Laws, The Prevention and Suppression of Money Laundering and Terrorist Financing Law, DI144-2007-01 of 2012
Subject: Suspension of CIF licence
Judicial Review: YES () NOT AT PRESENT Judicial Review Ruling:
Announcement Date: 04 Feb. 2015 Board Decision Date: 27 Oct. 2014
Regarding: Banc De Binary Ltd
Legislation: Law which provides for the provision of investment services, the exercise of investment activities, the operation of regulated markets
Subject: €125.000
Judicial Review: YES (25 Feb. 2015) NOT AT PRESENT Judicial Review Ruling: Pending Pending
THE COMMISION
BOARD
VISION, MISSION & RESPONSIBILITIES
STRUCTURE
INTERNATIONAL AFFAIRS
SEMINARS & LECTURES
ANNUAL REPORTS
FINANCIAL STATEMENTS
PAYABLE FEES
INVITATION OF TENDERS
SOCIAL RESPONSIBILITY
RECRUITMENT (UPDT: 25.02.2016)
PUBLIC HOLIDAYS
CONTACT US
PUBLIC INFORMATION
BOARD DECISIONS
ANNOUNCEMENTS
CIRCULARS
WARNINGS TO INVESTORS
PRACTICAL GUIDES
CONSULTATION PAPERS
SEMINARS & TRAINING
CERTIFICATIONS
REGULATED ENTITIES
INVESTMENT FIRMS
UCITS & Management Companies
AIFM
AIF
REGULATED MARKETS
ISSUERS
ASP
DIGITAL SIGNATURE/SUBMISSION
RISK BASED SUPERVISION FRAMEWORK
REGULATORY FRAMEWORK
SERVICES AND MARKETS
COLLECTIVE INVESTMENT AND MANAGERS
ISSUERS AND SECURITIES
MARKET ABUSE
PREVENTION OF MONEY LAUNDERING AND FINANCI...
CySEC LAW
ΕΛΛΗΝΙΚΑ CONTACT USINVESTOR PROTECTIONLINKSRSS SERVICESITEMAP
© Copyright, All Rights Reserved. | DESIGNED & DEVELOPED BY CYSEC & DOT.CY