Cyprus Securities and Exchange Commission | BOARD DECISIONS
BOARD DECISIONS
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PUBLIC INFORMATION BOARD DECISIONS
BOARD DECISIONS
Announcement Date: 03 Oct. 2019 Board Decision Date: 22 Jul. 2019
Regarding: Ch. Charilaou Group Plc, Karyes Investment Public Company Ltd and Agroton Public Ltd
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fines
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 30 Sep. 2019 Board Decision Date: 09 Sep. 2019
Regarding: AGENTRISK EUROPE LIMITED
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 27 Sep. 2019 Board Decision Date: 09 Sep. 2019
Regarding: FXNET Ltd
Legislation: Ο περί Επενδυτικών Υπηρεσιών και Δραστηριοτήτων και Ρυθμιζόμενων Αγορών Νόμος
Subject: Συμβιβασμός €60.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 24 Sep. 2019 Board Decision Date: 24 Sep. 2019
Regarding: MPS Marketplace Securities Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 23 Sep. 2019 Board Decision Date: 16 Sep. 2019
Regarding: Argo Capital Management (Cyprus) 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: 20 Sep. 2019 Board Decision Date: 09 Sep. 2019
Regarding: LT Hamilton Limited
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 () NO Judicial Review Ruling:
Announcement Date: 19 Sep. 2019 Board Decision Date: 09 Sep. 2019
Regarding: Quantelion Fund Ltd
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 19 Sep. 2019 Board Decision Date: 09 Sep. 2019
Regarding: MESSINA FUND VCIC LTD
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 17 Sep. 2019 Board Decision Date: 09 Sep. 2019
Regarding: Postscriptum Capital 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: 04 Sep. 2019 Board Decision Date: 23 Aug. 2019
Regarding: Horizon Investment Fund Ltd
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 28 Aug. 2019 Board Decision Date: 06 Aug. 2019
Regarding: KIT Finance Brokers 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: 28 Aug. 2019 Board Decision Date: 23 Aug. 2019
Regarding: Cosmos Insurance Public Company Limited
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: 20 Aug. 2019 Board Decision Date: 06 Aug. 2019
Regarding: Louis Plc
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 14 Aug. 2019 Board Decision Date: 18 Mar. 2019
Regarding: Banc De Binary Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI 144-2007-01, DI 144-2007-02
Subject: Settlement €300.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Aug. 2019 Board Decision Date: 06 Aug. 2019
Regarding: IOKE Capital Fund Ltd
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Aug. 2019 Board Decision Date: 06 Aug. 2019
Regarding: Kylin Prime Asset Management
Legislation: The Alternative Investment Fund Managers Law
Subject: Withdrawal of AIFM authorization
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Aug. 2019 Board Decision Date: 22 Jul. 2019
Regarding: S.L. Capital 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: 07 Aug. 2019 Board Decision Date: 24 Jun. 2019
Regarding: Spot Capital Markets 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: 07 Aug. 2019 Board Decision Date: 22 Jul. 2019
Regarding: DFG Capital (Cyprus) 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: 07 Aug. 2019 Board Decision Date: 29 Jul. 2019
Regarding: Globesco Capital 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: 07 Aug. 2019 Board Decision Date: 22 Jul. 2019
Regarding: Planetvision Investment Fund Ltd
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Aug. 2019 Board Decision Date: 22 Jul. 2019
Regarding: Kylinprime Investment Fund Ltd
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Aug. 2019 Board Decision Date: 22 Jul. 2019
Regarding: WS Cryptocapital Fund Ltd
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Aug. 2019 Board Decision Date: 22 Jul. 2019
Regarding: Taurus Aurum Global Property Fund Ltd
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 06 Aug. 2019 Board Decision Date: 22 Jul. 2019
Regarding: ΚEO 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: 06 Aug. 2019 Board Decision Date: 22 Jul. 2019
Regarding: Ch. Charilaou Group 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: 01 Aug. 2019 Board Decision Date: 24 Jun. 2019
Regarding: Bluehouse Investment Advisors Ltd
Legislation: The Alternative Investment Fund Managers Law
Subject: Re-examination
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 19 Jul. 2019 Board Decision Date: 19 Jul. 2019
Regarding: AFX Capital Markets Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 04 Jun. 2019 Board Decision Date: 27 May. 2019
Regarding: Dobro Cyprus Capital Fund Limited
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of license AIFLNP
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 31 May. 2019 Board Decision Date: 27 May. 2019
Regarding: Pandora Investments Public Ltd
Legislation: The Takeover Bids Law
Subject: Extension for the acquisition of shares following the granting of an exception to submit a mandatory takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 31 May. 2019 Board Decision Date: 27 May. 2019
Regarding: Leptos Calypso Hotels Public Ltd
Legislation: The Takeover Bids Law
Subject: Extension for the acquisition of shares following the granting of an exception to submit a mandatory takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 28 May. 2019 Board Decision Date: 04 Mar. 2019
Regarding: SeaBird Exploration Plc
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: 28 May. 2019 Board Decision Date: 04 Mar. 2019
Regarding: CPI Holdings 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: 28 May. 2019 Board Decision Date: 04 Mar. 2019
Regarding: A.L Prochoice Group 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: 28 May. 2019 Board Decision Date: 04 Mar. 2019
Regarding: Regallia Holdings & Investments Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 28 May. 2019 Board Decision Date: 04 Mar. 2019
Regarding: Ch. Charilaou Group Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 28 May. 2019 Board Decision Date: 04 Mar. 2019
Regarding: Rolandos Enterprises 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: 21 May. 2019 Board Decision Date: 15 Apr. 2019
Regarding: IQ Option Europe Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, The Prevention and Suppression of Money Laundering Activities Law
Subject: Settlement €450.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 03 May. 2019 Board Decision Date: 02 Apr. 2019
Regarding: Goldenburg Group Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law of 2007, Directive DI 144-2007-02 of 2012
Subject: Fine €170.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 23 Apr. 2019 Board Decision Date: 18 Feb. 2019
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: 03 Apr. 2019 Board Decision Date: 18 Feb. 2019
Regarding: AFI Development 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: 27 Mar. 2019 Board Decision Date: 04 Mar. 2019
Regarding: Hoch Capital Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Settlement €200.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 21 Mar. 2019 Board Decision Date: 04 Mar. 2019
Regarding: Atlas Capital Financial Services Ltd
Legislation: 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 () NO Judicial Review Ruling:
Announcement Date: 14 Mar. 2019 Board Decision Date: 04 Mar. 2019
Regarding: DFG Meze Model Ltd
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 14 Mar. 2019 Board Decision Date: 04 Mar. 2019
Regarding: ColmexPro Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Settlement €50.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Mar. 2019 Board Decision Date: 04 Mar. 2019
Regarding: GS Sharestocks 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: 14 Feb. 2019 Board Decision Date: 28 Jan. 2019
Regarding: Fenix Capital Markets Trading Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Recall of suspension of CIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 14 Feb. 2019 Board Decision Date: 11 Feb. 2019
Regarding: Centaur 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: 17 Jan. 2019 Board Decision Date: 22 Oct. 2018
Regarding: PFX Financial Professionals Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 15 Jan. 2019 Board Decision Date: 07 Jan. 2019
Regarding: Cosmos Insurance Public Company Limited (in Greek)
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: 21 Dec. 2018 Board Decision Date: 10 Dec. 2018
Regarding: Closegate Investment Ltd
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Dec. 2018 Board Decision Date: 10 Sep. 2018
Regarding: Mr. Christakis Christodoulou (Director)
Legislation: The Insider Dealing and Market Manipulation (Market Abuse) Law
Subject: Total fine €5.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Dec. 2018 Board Decision Date: 10 Sep. 2018
Regarding: Cyprint Plc
Legislation: The Insider Dealing and Market Manipulation (Market Abuse) Law
Subject: Total fine €10.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 26 Nov. 2018 Board Decision Date:
Regarding: Ch. Charilaou Group Plc (in Greek)
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 () NO Judicial Review Ruling:
Announcement Date: 23 Nov. 2018 Board Decision Date: 23 Nov. 2018
Regarding: GIF Capital Ltd
Legislation: The Regulating Companies Providing Administrative Services and Related Matters Law
Subject: Suspension of ASP licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 20 Nov. 2018 Board Decision Date: 20 Nov. 2018
Regarding: PCM Advisers LTD
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 14 Nov. 2018 Board Decision Date: 05 Nov. 2018
Regarding: Qino Management Advisory 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: 14 Nov. 2018 Board Decision Date: 14 Nov. 2018
Regarding: Fenix Capital Markets Trading Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 01 Nov. 2018 Board Decision Date: 29 Oct. 2018
Regarding: Capital Index (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 25 Oct. 2018 Board Decision Date: 22 Oct. 2018
Regarding: Etalon Group Plc
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 22 Oct. 2018 Board Decision Date: 15 Oct. 2018
Regarding: HMS Hydraulic Machines & Systems Group Plc (in Greek)
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: 19 Oct. 2018 Board Decision Date: 03 Sep. 2018
Regarding: Mrs Milena Valentinova Christofide
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €10.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 18 Oct. 2018 Board Decision Date: 02 Oct. 2018
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 () NO Judicial Review Ruling:
Announcement Date: 18 Oct. 2018 Board Decision Date: 02 Oct. 2018
Regarding: A. Tsokkos Hotels Public Ltd (in Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 03 Oct. 2018 Board Decision Date: 03 Sep. 2018
Regarding: Mr Christo Filaktou (Director of Orphanides Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Re-examination
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 28 Sep. 2018 Board Decision Date: 17 Sep. 2018
Regarding: AFX Capital Markets Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Settlement €50.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 13 Sep. 2018 Board Decision Date: 03 Mar. 2018
Regarding: Ouroboros Derivatives Trading 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: 13 Sep. 2018 Board Decision Date: 10 Sep. 2018
Regarding: Gobaba FX Cy 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: 04 Sep. 2018 Board Decision Date: 02 Jul. 2018
Regarding: LQD Markets Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €50.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Aug. 2018 Board Decision Date: 23 Jul. 2018
Regarding: Coverdeal Holdings Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Settlement €250.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Aug. 2018 Board Decision Date: 11 Jun. 2018
Regarding: Instant Trading EU Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-02 of 2012
Subject: Total Fine €130.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 25 Jul. 2018 Board Decision Date: 13 Nov. 2017
Regarding: Mr. Ioannis Vardinoyiannis (in Greek)
Legislation: 1. The Insider Dealing and Market Manipulation (Market Abuse) Law (L.116(I)/2005). 2. The Cyprus Securities and Exchange Commission Law (L.73(Ι)/2009).
Subject: Imposition of administrative fines
Judicial Review: YES (03 Oct. 2018) NO Judicial Review Ruling: YES YES
Announcement Date: 25 Jul. 2018 Board Decision Date: 13 Nov. 2017
Regarding: Mrs Amalia Vardinoyiannis (in Greek)
Legislation: 1. The Insider Dealing and Market Manipulation (Market Abuse) Law (L.116(I)/2005). 2. The Cyprus Securities and Exchange Commission Law (L.73(Ι)/2009).
Subject: Imposition of administrative fines
Judicial Review: YES (03 Oct. 2018) NO Judicial Review Ruling: YES YES
Announcement Date: 25 Jul. 2018 Board Decision Date: 13 Nov. 2017
Regarding: Mr. Christodoulos Ellinas (in Greek)
Legislation: 1. The Insider Dealing and Market Manipulation (Market Abuse) Law (L.116(I)/2005). 2. The Cyprus Securities and Exchange Commission Law (L.73(Ι)/2009).
Subject: Imposition of administrative fines
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 25 Jul. 2018 Board Decision Date: 13 Nov. 2017
Regarding: Mr. Philippos Larkos (in Greek)
Legislation: 1. The Insider Dealing and Market Manipulation (Market Abuse) Law (L.116(I)/2005). 2. The Cyprus Securities and Exchange Commission Law (L.73(Ι)/2009).
Subject: Imposition of administrative fines
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 20 Jul. 2018 Board Decision Date: 20 Jul. 2018
Regarding: IGM FOREX LTD
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 03 Jul. 2018 Board Decision Date: 25 Jun. 2018
Regarding: B.O. Tradefinancials Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 29 Jun. 2018 Board Decision Date: 25 Jun. 2018
Regarding: Blackwell Global Investments (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 27 Jun. 2018 Board Decision Date: 05 Mar. 2018
Regarding: Karkotis Manufacturing & Trading Public Ltd
Legislation: The Cyprus Securities and Cyprus Stock Exchange Law
Subject: Fine €50.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 27 Jun. 2018 Board Decision Date: 04 Jun. 2018
Regarding: Agroton Public Ltd
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €2.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 27 Jun. 2018 Board Decision Date: 04 Jun. 2018
Regarding: SFS Group Public Ltd
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €4.400
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 27 Jun. 2018 Board Decision Date: 04 Dec. 2017
Regarding: Iron FX Global Ltd (τώρα Notesco Financial Services Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €2.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 21 Jun. 2018 Board Decision Date: 04 Jun. 2018
Regarding: Investment Compartment Deltamax European Property Fund and Investment Compartment Deltamax Value Fund, of the AIF Deltamax Fund Variable Capital Investment Company Limited
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of Investment Compartments license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 20 Jun. 2018 Board Decision Date: 30 Apr. 2018
Regarding: Management Company Ankor Capital Ltd
Legislation: The Open-Ended Undertakings for Collective Investment Law
Subject: Withdrawal of Management Company license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 20 Jun. 2018 Board Decision Date: 30 Apr. 2018
Regarding: UCITS ACY Global Prosperity Umbrella Fund UCITS Variable Capital Investment Company Ltd
Legislation: The Open-Ended Undertakings for Collective Investment Law
Subject: Withdrawal of UCITS license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 19 Jun. 2018 Board Decision Date: 04 Jun. 2018
Regarding: Mr Marios Antoniades (Director of Orphanides Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Re-examination
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 25 May. 2018 Board Decision Date: 23 Apr. 2018
Regarding: Standville Limited
Legislation: Law Regulating Companies Providing Administrative Services and Related Matters, Directive DI 144-2007-08
Subject: Withdrawal of an ASP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 21 May. 2018 Board Decision Date: 07 May. 2018
Regarding: Leptos Calypso Hotels Public Ltd (available in Greek language)
Legislation: The Takeover Bids Law
Subject: Extension for the acquisition of shares following the granting of an exception to submit a mandatory takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 21 May. 2018 Board Decision Date: 07 May. 2018
Regarding: Pandora Investments Public Ltd (available in Greek language)
Legislation: The Takeover Bids Law
Subject: Extension for the acquisition of shares following the granting of an exception to submit a mandatory takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 May. 2018 Board Decision Date: 23 Apr. 2018
Regarding: Cosmos Insurance Company 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: 08 May. 2018 Board Decision Date: 30 Apr. 2018
Regarding: Ingard Property Bond Designated Activity Company, Pierides Holdings Plc
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of trading of issuer shares
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 27 Apr. 2018 Board Decision Date: 20 Nov. 2017
Regarding: Mr. Amr Jamal Mohamed Hendawi (CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Re-examination
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 26 Apr. 2018 Board Decision Date: 26 Mar. 2017
Regarding: Salamis Tours (Holdings) Public Limited
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Administrative measure
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 12 Apr. 2018 Board Decision Date: 25 Sep. 2017
Regarding: Louis Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 2.800
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 12 Apr. 2018 Board Decision Date: 25 Sep. 2017
Regarding: KDM Shipping Public Limited
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: 12 Apr. 2018 Board Decision Date: 25 Sep. 2017
Regarding: Agroton Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 1.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 12 Apr. 2018 Board Decision Date: 11 Dec. 2017
Regarding: Renos Hatzioannou Farm Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total Fine € 6.250
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 12 Apr. 2018 Board Decision Date: 11 Dec. 2017
Regarding: Modestou Sound & Vision Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total Fine € 6.250
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 12 Apr. 2018 Board Decision Date: 11 Dec. 2017
Regarding: Karyes Investment Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 3.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 12 Apr. 2018 Board Decision Date: 11 Dec. 2017
Regarding: KDM Shipping Public Limited
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 2.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 05 Apr. 2018 Board Decision Date: 08 Jan. 2018
Regarding: Mr. Simos Kiriakides (Director of Orphanides Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 05 Apr. 2018 Board Decision Date: 08 Jan. 2018
Regarding: Mrs Eve Makariou (CFO of Orphanides Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €30.000
Judicial Review: YES (15 Jun. 2018) NO Judicial Review Ruling:
Announcement Date: 05 Apr. 2018 Board Decision Date: 08 Jan. 2018
Regarding: Mr. Polis Kourousides (Director of Orphanides Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €20.000
Judicial Review: YES (19 Jun. 2018) NO Judicial Review Ruling:
Announcement Date: 05 Apr. 2018 Board Decision Date: 08 Jan. 2018
Regarding: Mr. Christos Filaktou (Director of Orphanides Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €20.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 05 Apr. 2018 Board Decision Date: 08 Jan. 2018
Regarding: Mr. Giorgos Hadjimichael (Director of Orphanides Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €20.000
Judicial Review: YES (15 Jun. 2018) NO Judicial Review Ruling:
Announcement Date: 05 Apr. 2018 Board Decision Date: 08 Jan. 2018
Regarding: Mr. Marios Antoniades (Director of Orphanides Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €40.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 05 Apr. 2018 Board Decision Date: 08 Jan. 2018
Regarding: Mr. Christos Orphanides (Director of Orphanides Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €120.000
Judicial Review: YES (02 May. 2018) NO Judicial Review Ruling:
Announcement Date: 05 Apr. 2018 Board Decision Date: 08 Jan. 2018
Regarding: Orphanides 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: Violation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 04 Apr. 2018 Board Decision Date: 08 Jan. 2018
Regarding: LeadCapital Markets Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €30.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 30 Mar. 2018 Board Decision Date: 26 Mar. 2018
Regarding: Renos Hadjioannou Farm Public Company Ltd
Legislation: The Investment Services and Activities and Regulated Markets
Subject: Suspension of trading of issuer shares
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 27 Mar. 2018 Board Decision Date: 12 Mar. 2018
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: 12 Mar. 2018 Board Decision Date: 15 Jan. 2018
Regarding: Standville Limited
Legislation: Law Regulating Companies Providing Administrative Services and Related Matters, Directive DI144-2007-08
Subject: Suspension and commencement of proceedings for the possible withdrawal of an ASP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 09 Mar. 2018 Board Decision Date: 05 Mar. 2018
Regarding: Songa Offshore SE
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 22 Feb. 2018 Board Decision Date: 12 Feb. 2018
Regarding: Boursotrade Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 20 Feb. 2018 Board Decision Date: 13 Nov. 2017
Regarding: ICFD Ltd
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: Fine €138.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 09 Feb. 2018 Board Decision Date: 20 Nov. 2017
Regarding: Chesterfield Corporate Services Ltd
Legislation: The Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive DI 144-2007-08 of 2012
Subject: Fine €20.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 06 Feb. 2018 Board Decision Date: 20 Nov. 2017
Regarding: Hoch Capital Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI 144-2007-02 of 2012
Subject: Fine €30.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 05 Feb. 2018 Board Decision Date: 25 Sep. 2017
Regarding: Best Choice FBC Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 22 Jan. 2018 Board Decision Date: 20 Nov. 2017
Regarding: Spot Capital Markets Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI 144-2007-02 of 2012
Subject: Fine €50.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Jan. 2018 Board Decision Date: 13 Nov. 2017
Regarding: Mr. Pavel Krymov (Shareholder of Skopalino Finance Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €10.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 20 Dec. 2017 Board Decision Date: 23 Oct. 2017
Regarding: Reliantco Investments Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 of 2012, DI144-2007-02 of 2012
Subject: Fine €95.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 18 Dec. 2017 Board Decision Date: 11 Dec. 2017
Regarding: Modestou Sound & Vision Public Company Ltd, Renos Xatzioannou Farm Public Ltd (in Greek)
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of trading of issuer shares
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 15 Dec. 2017 Board Decision Date: 13 Nov. 2017
Regarding: Centralspot Trading Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 of 2012, DI144-2007-02 of 2012
Subject: Fine €50.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Dec. 2017 Board Decision Date: 25 Sep. 2017
Regarding: Asoted Services Ltd
Legislation: The Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive DI 144-2007-08 of 2012
Subject: Fine €16.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Dec. 2017 Board Decision Date: 04 Dec. 2017
Regarding: Ch. Charilaou Group Plc (in Greek)
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 () NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2017 Board Decision Date: 18 Sep. 2017
Regarding: Bank of Cyprus Public Company Ltd
Legislation: Τhe Insider Dealing and Market Manipulation (Market Abuse) Law, the Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 15.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2017 Board Decision Date: 18 Sep. 2017
Regarding: Mr. Theodoros Aristodemou (Director Bank of Cyprus Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 100.000
Judicial Review: YES (08 Feb. 2018) NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2017 Board Decision Date: 18 Sep. 2017
Regarding: Mr. Andreas Eliades (Director Bank of Cyprus Public Company Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 100.000
Judicial Review: YES (05 Feb. 2018) NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2017 Board Decision Date: 18 Sep. 2017
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 (07 Feb. 2018) NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2017 Board Decision Date: 18 Sep. 2017
Regarding: Mr. Yiannis Kipri (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 (09 Feb. 2018) NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2017 Board Decision Date: 18 Sep. 2017
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 Feb. 2018) NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2017 Board Decision Date: 18 Sep. 2017
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 () NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2017 Board Decision Date: 18 Sep. 2017
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 Feb. 2018) NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2017 Board Decision Date: 18 Sep. 2017
Regarding: Mrs. Irini Karamanou (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 Feb. 2018) NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2017 Board Decision Date: 18 Sep. 2017
Regarding: Mr. Manthos Mavrommatis (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 Feb. 2018) NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2017 Board Decision Date: 18 Sep. 2017
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 (09 Feb. 2018) NO Judicial Review Ruling:
Announcement Date: 30 Nov. 2017 Board Decision Date: 27 Nov. 2017
Regarding: Concorde Investments (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Nov. 2017 Board Decision Date: 03 Nov. 2017
Regarding: A&P (Andreou & Paraskevaides) Enterprises Public Limited (in Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 26 Oct. 2017 Board Decision Date: 23 Oct. 2017
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 () NO Judicial Review Ruling:
Announcement Date: 19 Oct. 2017 Board Decision Date: 06 Feb. 2017
Regarding: Mr. Michel Pierre Salomon Teman (Director of Pegase Capital Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Fine €150.000/prohibition in the exercise of professional activity
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 19 Oct. 2017 Board Decision Date: 06 Feb. 2017
Regarding: Mr. Pantelis Ioakim (Director of Pegase Capital Ltd)
Legislation: Directive DI144-2007-01 of 2012
Subject: Fine €25.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 19 Oct. 2017 Board Decision Date: 06 Feb. 2017
Regarding: Mr. Giorgos Miltiadous (Director of Pegase Capital Ltd)
Legislation: Directive DI144-2007-01 of 2012
Subject: Fine €25.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 19 Oct. 2017 Board Decision Date: 06 Feb. 2017
Regarding: Mrs Alexandra Aspri (Director of Pegase Capital Ltd)
Legislation: Directive DI144-2007-01 of 2012
Subject: Violation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 19 Oct. 2017 Board Decision Date: 06 Feb. 2017
Regarding: Mr. Stavros Petrakides (Director of Pegase Capital Ltd)
Legislation: Directive DI144-2007-01 of 2012
Subject: Violation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 16 Oct. 2017 Board Decision Date: 02 Oct. 2017
Regarding: Gametech (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 12 Oct. 2017 Board Decision Date: 02 Oct. 2017
Regarding: OptionRally Financial Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 11 Oct. 2017 Board Decision Date: 25 Sep. 2017
Regarding: Concorde Investments (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 11 Oct. 2017 Board Decision Date: 02 Oct. 2017
Regarding: Ros Agro Plc (available in Greek language)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 11 Oct. 2017 Board Decision Date: 02 Oct. 2017
Regarding: Cosmos Insurance Company Public Ltd (available in Greek language)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 28 Jul. 2017 Board Decision Date: 26 Jun. 2017
Regarding: Mr. Charalambos Kiritsis (Director of UBFS Invest powered by Moneychoice Brokers Ltd)
Legislation: Directive DI144-2007-01 of 2012
Subject: Fine €10.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 27 Jul. 2017 Board Decision Date: 06 Feb. 2017
Regarding: Mr. Emmanuel Ayoun
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €10.000/ prohibition in exercising professional activity
Judicial Review: YES (15 May. 2017) NO Judicial Review Ruling: Pending Pending
Announcement Date: 27 Jul. 2017 Board Decision Date: 24 Jul. 2017
Regarding: Amathus Public Limited (available in Greek language)
Legislation: Exception from a mandatory obligation to submit a takeover bid
Subject: Exception from a mandatory obligation to submit a takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 20 Jul. 2017 Board Decision Date: 17 Jul. 2017
Regarding: Mr. Amr Jamal Mohamed Hendawi (CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Revocation of administrative sanctions
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 13 Jul. 2017 Board Decision Date: 13 Jul. 2017
Regarding: OptionRally Financial Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Jul. 2017 Board Decision Date: 27 Mar. 2017
Regarding: Mr. Marwan El Daouk (Director of Falcon Brokers Ltd)
Legislation: Directive DI144-2007-01 of 2012
Subject: Fine €25.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Jul. 2017 Board Decision Date: 27 Mar. 2017
Regarding: Mr. Wael Ata Elayyan Jaber (Director of Falcon Brokers Ltd)
Legislation: Directive DI144-2007-01 of 2012
Subject: Fine €10.000/prohibition in the exercise of professional activity
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Jul. 2017 Board Decision Date: 27 Mar. 2017
Regarding: Mr. Khalid Ahmad Emran Abdo (Director of Falcon Brokers Ltd)
Legislation: Directive DI144-2007-01 of 2012
Subject: Fine €10.000/prohibition in the exercise of professional activity
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Jul. 2017 Board Decision Date: 27 Mar. 2017
Regarding: Mr. Mohammed Yahya Amin Al Ansari (Director of Falcon Brokers Ltd)
Legislation: Directive DI144-2007-01 of 2012
Subject: Fine €150.000/prohibition in the exercise of professional activity
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 04 Jul. 2017 Board Decision Date: 19 Jun. 2017
Regarding: Lionsman Capital Markets (Cyprus) Ltd
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 €90.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 29 Jun. 2017 Board Decision Date:
Regarding: Sea Star Capital Plc (available in Greek language)
Legislation: The Investment Services and Activities and Regulated Markets
Subject: Suspension of trading of issuer shares
Judicial Review: YES () NO Judicial Review Ruling:
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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 (04 Aug. 2017) NO Judicial Review Ruling: Pending Pending
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 (11 Aug. 2017) NO Judicial Review Ruling: Pending Pending
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 (01 Sep. 2017) NO Judicial Review Ruling: Pending Pending
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 (01 Sep. 2017) NO Judicial Review Ruling: Pending Pending
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 (01 Sep. 2017) NO Judicial Review Ruling: Pending Pending
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 (01 Sep. 2017) NO Judicial Review Ruling: Pending Pending
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 (11 Aug. 2017) NO Judicial Review Ruling: Pending Pending
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 (01 Sep. 2017) NO Judicial Review Ruling: Pending Pending
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 () NO 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 () NO 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 () NO 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 (09 Aug. 2017) NO Judicial Review Ruling: Pending Pending
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 (07 Jul. 2017) NO Judicial Review Ruling: Pending Pending
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 () NO 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 () NO 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 (27 Jul. 2017) NO Judicial Review Ruling: Pending Pending
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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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) NO Judicial Review Ruling: Withdrawn by Mutual Trust Ltd Withdrawn by Mutual Trust Ltd
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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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) NO Judicial Review Ruling: Pending Pending
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) NO Judicial Review Ruling: Pending Pending
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) NO Judicial Review Ruling: Pending Pending
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) NO Judicial Review Ruling: Pending Pending
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) NO Judicial Review Ruling: Pending Pending
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) NO Judicial Review Ruling: Pending Pending
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) NO Judicial Review Ruling: Pending Pending
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) NO Judicial Review Ruling: Pending Pending
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) NO Judicial Review Ruling: Pending Pending
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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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) NO Judicial Review Ruling: Pending Pending
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) NO Judicial Review Ruling: Pending Pending
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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO 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 () NO Judicial Review Ruling: <