| 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:
|
|
|
| Announcement Date: |
23 Oct. 2023 |
Board Decision Date: 09 Oct. 2023 |
| Regarding: |
OTKRITIE BROKER LTD |
| Legislation: |
The Investment Services and Activities and Regulated Markets Law
|
| Subject: |
Influence exercised by Otkritie FC Bank to the sound and prudent management of the CIF Otkritie Broker Ltd |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
23 Oct. 2023 |
Board Decision Date: 09 Oct. 2023 |
| Regarding: |
FTX (EU) LTD |
| Legislation: |
The Investment Services and Activities and Regulated Markets Law
|
| Subject: |
Extension to the suspension of CIF licence |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
16 Oct. 2023 |
Board Decision Date: 09 Oct. 2023 |
| Regarding: |
KMG Capital Markets Ltd |
| Legislation: |
The Open-Ended Undertakings for Collective Investment Law |
| Subject: |
Revocation of Management Company’s operation licence |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
27 Sep. 2023 |
Board Decision Date: 18 Sep. 2023 |
| Regarding: |
FXBFI Broker Financial Invest 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: |
27 Sep. 2023 |
Board Decision Date: 11 Sep. 2023 |
| Regarding: |
I.W.G International Wealth Group Ltd |
| Legislation: |
The Cyprus Securities and Exchange Commission Law
|
| Subject: |
Fine €100 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
27 Sep. 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: |
Fine €100 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
26 Sep. 2023 |
Board Decision Date: 01 Sep. 2023 |
| Regarding: |
Mr. Tung San Tat Clement |
| Legislation: |
The Law of the Cyprus Securities and Exchange Commission |
| Subject: |
Imposition of an administrative fine |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
26 Sep. 2023 |
Board Decision Date: 02 Aug. 2023 |
| Regarding: |
Mr. Tung San Tat Clement |
| Legislation: |
The Law of the Cyprus Securities and Exchange Commission |
| Subject: |
Imposition of an administrative fine |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
25 Sep. 2023 |
Board Decision Date: 11 Sep. 2023 |
| Regarding: |
Global Capital Securities and Financial Services Ltd |
| Legislation: |
The Cyprus Securities and Exchange Commission Law
|
| Subject: |
Fine €100 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
25 Sep. 2023 |
Board Decision Date: 11 Sep. 2023 |
| Regarding: |
I.W.G International Wealth Group Ltd |
| Legislation: |
The Cyprus Securities and Exchange Commission Law
|
| Subject: |
Fine €100 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
25 Sep. 2023 |
Board Decision Date: 11 Sep. 2023 |
| Regarding: |
Veles International Ltd |
| Legislation: |
The Cyprus Securities and Exchange Commission Law
|
| Subject: |
Fine €100 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
19 Sep. 2023 |
Board Decision Date: 04 Sep. 2023 |
| Regarding: |
Alkis H. Hadjikyriacos (Frou – Frou Biscuits) Public Ltd |
| Legislation: |
The Takeover Bids Law |
| Subject: |
Extension for the disposition of shares following the granting of an exception to submit a mandatory takeover bid |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
13 Sep. 2023 |
Board Decision Date: 01 Aug. 2023 |
| Regarding: |
IQOPTION EUROPE LTD |
| Legislation: |
Τhe Prevention and Suppression of Money Laundering and Terrorist Financing Law |
| Subject: |
Deletion from the CASP Register |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
13 Sep. 2023 |
Board Decision Date: 01 Sep. 2023 |
| Regarding: |
Alfa Capital Markets Ltd |
| Legislation: |
The Investment Services and Activities and Regulated Markets Law
|
| Subject: |
The Investment Services and Activities and Regulated Markets Law |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
11 Sep. 2023 |
Board Decision Date: 01 Aug. 2023 |
| Regarding: |
Binance Cyprus Ltd |
| Legislation: |
Τhe Prevention and Suppression of Money Laundering and Terrorist Financing Law
|
| Subject: |
Deletion from the CASP Register |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
29 Aug. 2023 |
Board Decision Date: 01 Aug. 2023 |
| Regarding: |
ISPASS TECHNOLOGIES LIMITED |
| Legislation: |
The Investment Services and Activities and Regulated Markets Law
|
| Subject: |
Settlement €60.000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
23 Aug. 2023 |
Board Decision Date: 01 Mar. 2023 |
| Regarding: |
Robomarkets Ltd |
| Legislation: |
Regulation (EU) 600/2014 |
| Subject: |
Imposition of sanction and measure |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
04 Aug. 2023 |
Board Decision Date: 24 Apr. 2023 |
| Regarding: |
GREENMONT AIFLNP LTD |
| Legislation: |
The Alternative Investment Funds Law
|
| Subject: |
Withdrawal of AIFLNP authorisation |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
04 Aug. 2023 |
Board Decision Date: 28 Nov. 2022 |
| Regarding: |
Pathfinder Management Services 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 €7.000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
04 Aug. 2023 |
Board Decision Date: 28 Nov. 2022 |
| Regarding: |
Stone Edge Capital 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 €7.000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
03 Aug. 2023 |
Board Decision Date: 24 Apr. 2023 |
| Regarding: |
Greenmont AIFLNP 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 €5.500 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
28 Jul. 2023 |
Board Decision Date: 24 Jul. 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: |
27 Jul. 2023 |
Board Decision Date: 26 Jun. 2023 |
| Regarding: |
BDSwiss Holding Ltd |
| Legislation: |
Regulation (EU) 600/2014
|
| Subject: |
Fine €100.000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
26 Jul. 2023 |
Board Decision Date: 17 Jul. 2023 |
| Regarding: |
The Cyprus Cement 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: |
26 Jul. 2023 |
Board Decision Date: 26 Jun. 2023 |
| Regarding: |
ΚΑΒ Strategy 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: |
25 Jul. 2023 |
Board Decision Date: 08 May. 2023 |
| Regarding: |
Goldenburg Group Ltd |
| Legislation: |
The Investment Services and Activities and Regulated Markets Law, Regulation (EU) 1286/2014
|
| Subject: |
Total fine €400.000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
13 Jul. 2023 |
Board Decision Date: 19 Jun. 2023 |
| Regarding: |
Freedom Finance Europe Ltd |
| Legislation: |
The Prevention and Suppression of Money Laundering and Terrorist Financing Law
|
| Subject: |
Settlement €50.000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
12 Jul. 2023 |
Board Decision Date: 24 Apr. 2023 |
| Regarding: |
BrokerCreditService (Cyprus) Limited |
| Legislation: |
Τhe Investment Services and Activities and Regulated Markets Law,
Regulation (EU) No. 596/2014
|
| Subject: |
Settlement €100.000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
06 Jul. 2023 |
Board Decision Date: 26 Jun. 2023 |
| Regarding: |
Ch. Charilaou Group Plc |
| 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: |
03 Jul. 2023 |
Board Decision Date: 29 May. 2023 |
| Regarding: |
Hombertco Trustees Limited |
| Legislation: |
The Prevention and Suppression of Money Laundering and Terrorist Financing Law
|
| Subject: |
Total financial penalty €10,000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
03 Jul. 2023 |
Board Decision Date: 29 May. 2023 |
| Regarding: |
Mrs Marina Sambour Stylianou |
| Legislation: |
The Prevention and Suppression of Money Laundering and Terrorist Financing Law |
| Subject: |
Financial penalty €2,000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
03 Jul. 2023 |
Board Decision Date: 29 May. 2023 |
| Regarding: |
Haymark Nominees Ltd |
| Legislation: |
The Prevention and Suppression of Money Laundering and Terrorist Financing Law |
| Subject: |
Total financial penalty €8,000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
03 Jul. 2023 |
Board Decision Date: 19 Jun. 2023 |
| Regarding: |
AAA Regent (Trustees) Limited |
| Legislation: |
The Prevention and Suppression of Money Laundering and Terrorist Financing Law
|
| Subject: |
Total financial penalty €32,000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
20 Jun. 2023 |
Board Decision Date: 03 Apr. 2023 |
| Regarding: |
FXBFI Broker Financial Invest Ltd |
| Legislation: |
The Prevention and Suppression of Money Laundering and Terrorist Financing Law, Directive regarding the prevention and suppression of money laundering and terrorist financing
|
| Subject: |
Fine €50.000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|
| Announcement Date: |
02 Jun. 2023 |
Board Decision Date: 28 Nov. 2022 |
| 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: |
Fine €2,000 |
| Judicial Review: |
YES
()
NO
|
Judicial Review Ruling:
|
|
|