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 Trusts RegistryTrusts Registry
Contact us  |  Links  |   EL / EN |
Public Information Board Decisions
Board Decisions
Announcement Date: 13 Mar. 2024 Board Decision Date: 26 Feb. 2024
Regarding: Treefund AIFLNP V.C.I.C. Ltd
Legislation: The Cyprus Securities and Exchange Commission Law The Alternative Investment Funds Law
Subject: Total Fine €25.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 12 Mar. 2024 Board Decision Date: 15 Jan. 2024
Regarding: Fiduserve Asset Management Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Total fine €50.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 11 Mar. 2024 Board Decision Date: 12 Feb. 2024
Regarding: Treefund AIFLNP V.C.I.C. Ltd
Legislation: Τhe Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing
Subject: Total Fine €1.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 20 Feb. 2024 Board Decision Date: 09 Oct. 2023
Regarding: Bluehouse Investment Advisors Ltd
Legislation: The Alternative Investment Fund Managers Law
Subject: Fine €30.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 14 Feb. 2024 Board Decision Date: 15 Jan. 2024
Regarding: RAIF ENSO Energy Investments RAIF V.C.I.C. Ltd - Investment Compartment Multi Asset
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of a RAIF Investment Compartment authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Feb. 2024 Board Decision Date: 29 Jan. 2024
Regarding: Deltamark Fund Management Ltd
Legislation: The Alternative Investment Fund Managers Law
Subject: Withdrawal of AIFM operation license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Feb. 2024 Board Decision Date: 04 Dec. 2023
Regarding: Leverate Financial Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Feb. 2024 Board Decision Date: 11 Dec. 2023
Regarding: Fintailor Investments Ltd
Legislation: The Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing
Subject: Settlement €200.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Feb. 2024 Board Decision Date: 29 Jan. 2024
Regarding: Petrolina (Holdings) Public Ltd
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 06 Feb. 2024 Board Decision Date: 29 Jan. 2024
Regarding: Inveqo Fund Management Ltd
Legislation: The Alternative Investment Fund Managers Law
Subject: Withdrawal of AIFM operation license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 31 Jan. 2024 Board Decision Date: 23 Oct. 2023
Regarding: Investment Compartments AFK Middle East RAIF Sub Fund (RAIF54_1) and AFK Asia RAIF Sub Fund (RAIF54_2) of the RAIF AFK Multi RAIF V.C.I.C. Plc
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of Registration in the RAIF’s Register of RAIF’s Investment Compartments
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 30 Jan. 2024 Board Decision Date: 22 Jan. 2024
Regarding: Toxotis Investments Public Ltd, Isxis Investment Public Ltd, Regallia Holdings & Investments Public Ltd and Aias Investment Public Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of trading of shares
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 30 Jan. 2024 Board Decision Date: 23 Oct. 2023
Regarding: Directors of the Cyprus Trading Corporation Plc
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Settlement
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 30 Jan. 2024 Board Decision Date: 23 Oct. 2023
Regarding: Directors of the Woolworth (Cyprus) Properties Plc
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Settlement
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 29 Dec. 2023 Board Decision Date: 27 Mar. 2023
Regarding: NAGA MARKETS EUROPE LTD
Legislation: Τhe Investment Services and Activities and Regulated Markets Law Regulation (EU) 600/2014
Subject: Settlement €150.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 28 Dec. 2023 Board Decision Date: 11 Dec. 2023
Regarding: Polyvalent Capital Management Limited
Legislation: The Alternative Investment Fund Managers Law
Subject: Withdrawal of AIFM operation license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 28 Dec. 2023 Board Decision Date: 04 Dec. 2023
Regarding: BCM Begin Capital Markets CY Ltd
Legislation: Τhe Investment Services and Activities and Regulated Markets Law, Regulation (EU) 1286/2014
Subject: Settlement €50.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 21 Dec. 2023 Board Decision Date: 04 Dec. 2023
Regarding: Triumph Int. (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Influence exercised by Chong Chun Hseung to the sound and prudent management of the Triumph Int. (Cyprus) Ltd
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 21 Dec. 2023 Board Decision Date: 11 Dec. 2023
Regarding: Cyprus Trading Corporation Plc, Woolworth (Cyprus) Properties Plc, Ermes Department Stores Plc and Aias Investment Public Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of trading of shares
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 21 Dec. 2023 Board Decision Date: 11 Dec. 2023
Regarding: NTBP Management Company Limited
Legislation: The Alternative Investment Fund Managers Law
Subject: Withdrawal of AIFM operation license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 20 Dec. 2023 Board Decision Date: 11 Dec. 2023
Regarding: A.Tsokkos Hotels Public Ltd, Toxotis Investments Public Ltd, Dome Investments Public Company Ltd, Isxis Investment Public Ltd και Regallia Holdings & Investments Public Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of trading of shares
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 11 Dec. 2023 Board Decision Date: 16 Oct. 2023
Regarding: AAA Regent (Trustees) Limited
Legislation: The Prevention and Suppression of Money Laundering and Terrorist Financing Law
Subject: Re-examination
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: Aias Investment Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €9.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: KDM Shipping Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €9.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: MLK Foods Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €8.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: Cyprus Trading Corporation Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €7.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: Woolworth (Cyprus) Properties Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €7.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: Ermes Department Stores Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €7.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: Isxis Investment Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €7.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: Regallia Holdings & Investments Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €3.750
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: Karyes Investment Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €3.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: Harvest Capital Management Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €3.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: Toxotis Investments Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €2.750
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: Agroton Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Dec. 2023 Board Decision Date: 24 Apr. 2023
Regarding: Seabird Exploration Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total Fine €1.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Dec. 2023 Board Decision Date: 23 Oct. 2023
Regarding: AIF GG Aspire AIF V.C.I.C. Limited
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Dec. 2023 Board Decision Date: 23 Oct. 2023
Regarding: Apollo (Cyprus) Limited
Legislation: Τhe Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing
Subject: Total Fine €1,500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Dec. 2023 Board Decision Date: 23 Oct. 2023
Regarding: Enter Winglobe Management Ltd
Legislation: Τhe Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing
Subject: Total Fine €1,500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Dec. 2023 Board Decision Date: 23 Oct. 2023
Regarding: Egard Management Ltd
Legislation: Τhe Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing
Subject: Total Fine €4,000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 04 Dec. 2023 Board Decision Date: 11 Sep. 2023
Regarding: Pruden Ventures Capital Ltd (ex. Constance Investment Ltd)
Legislation: The Cyprus Securities and Exchange Commission Law
Subject: Total Fine €1.300
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2023 Board Decision Date: 27 Nov. 2023
Regarding: SAZKA Delta AIF Variable Capital Investment Company Ltd
Legislation: The Alternative Investment Fund Managers Law
Subject: Withdrawal of AIFM operation license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2023 Board Decision Date: 16 Oct. 2023
Regarding: Titanedge Securities Ltd
Legislation: Τhe Investment Services and Activities and Regulated Markets Law
Subject: Settlement €90.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 24 Nov. 2023 Board Decision Date: 20 Nov. 2023
Regarding: Astarta Holding Plc
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 17 Nov. 2023 Board Decision Date: 23 Oct. 2023
Regarding: Pilatus Trustees Ltd
Legislation: The Prevention and Suppression of Money Laundering and Terrorist Financing Law
Subject: Financial penalty €1,000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 15 Nov. 2023 Board Decision Date: 06 Nov. 2023
Regarding: Investment Compartment ‘GANESHA VALUE OPPORTUNITIES SUB FUND’ of the AIF ‘GANESHA FIXED INCOME AIF V.C.I.C. LIMITED’
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of an AIF Investment Compartment authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Nov. 2023 Board Decision Date: 30 Oct. 2023
Regarding: Ceratonia Capital Limited
Legislation: The Alternative Investment Fund Managers Law
Subject: Withdrawal of AIFM operation license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 06 Nov. 2023 Board Decision Date: 23 Oct. 2023
Regarding: DRAYTON PARK ADVISORS LTD
Legislation: The Alternative Investment Fund Managers Law
Subject: Withdrawal of AIFM operation licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Nov. 2023 Board Decision Date: 23 Oct. 2023
Regarding: Neo Premium Investments (NPI) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Nov. 2023 Board Decision Date: 30 Oct. 2023
Regarding: Cyprus Trading Corporation Plc, Woolworth (Cyprus) Properties Plc, Ermes Department Stores Plc και Αίαντας Επενδυτική Δημόσια Λτδ
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of trading of shares
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 24 Oct. 2023 Board Decision Date: 11 Sep. 2023
Regarding: VPR Safe Financial Group Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Recall of partial suspension of CIF license
Judicial Review: YES () NO Judicial Review Ruling:
 |<  < 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10  >  >| 
Πιστοποιημένος εργοδότης
Great Place to work
THE COMMISSION
About us
Structure
Transactions Notification System
Privacy Notice
Contact us
PUBLIC INFORMATION
Board Decisions
Announcements
Policy Statements
Circulars
Practical Guides
Consultation Papers
Certifications and Seminars
Court Decisions
Statistical Publications
Administrative Sanctions
Seminars & Lectures
Digital Signature/Submission
Conferences
REGULATED ENTITIES
Investment Firms
Crypto Asset Services Providers (CASP)
AIF Management Companies
Regulated Markets
ASP
AIF
UCITS & Management Companies
Issuers
Risk Based Supervision Framework
Multilateral Trading Facilities ( MTF)
AIFM & MANCO
Crowdfunding Service Providers (CSP)
Focus Area
Innovation Hub
Payable Fees
REGULATORY FRAMEWORK
PEPPs
Services and Markets
Collective Investment and Managers
Issuers and Securities
Market Abuse
Benchmarks
Prevention of Money Laundering and Financi...
PRIIPs
Sanctions/Restrictive Measures
CySEC Law
ΕΛΛΗΝΙΚΑ Contact usInvestor ProtectionLinksPrivacy NoticeRSS ServiceTerms & ConditionsThe Commission
© Copyright, All Rights Reserved.