Cyprus Securities and Exchange Commission | BOARD DECISIONS
BOARD DECISIONS
HOME THE COMMISSIONTHE COMMISSION PUBLIC INFORMATIONPUBLIC INFORMATION REGULATED ENTITIESREGULATED ENTITIES REGULATORY FRAMEWORKREGULATORY FRAMEWORK INVESTOR PROTECTIONINVESTOR PROTECTION
CONTACT US  |  LINKS  |   EL / EN |
PUBLIC INFORMATION BOARD DECISIONS
BOARD DECISIONS
Announcement Date: 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: Συνολικό πρόστιμο € 20.000
Judicial Review: YES (09 Aug. 2017) NO Judicial Review Ruling: Decision Decision
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
 |<  <  4 - 5 - 6 - 7 - 8 - 9 - 10 - 11 - 12 - 13  >  >| 
THE COMMISION
BOARD
VISION, MISSION & RESPONSIBILITIES
STRUCTURE
INTERNATIONAL AFFAIRS
INNOVATION HUB
BREXIT INFORMATION HUB
SUSTAINABLE FINANCE
SEMINARS & LECTURES
CONFERENCES
ANNUAL REPORTS
FINANCIAL STATEMENTS
PAYABLE FEES
INVITATION OF TENDERS
SOCIAL RESPONSIBILITY
RECRUITMENT
PUBLIC HOLIDAYS
CONTACT US
PUBLIC INFORMATION
BOARD DECISIONS
ANNOUNCEMENTS
POLICY STATEMENTS
CIRCULARS
WARNINGS TO INVESTORS
PRACTICAL GUIDES
CONSULTATION PAPERS
SANCTIONS
CERTIFICATIONS AND SEMINARS
SEMINARS & TRAINING
COURT DECISIONS
STATISTICAL PUBLICATIONS
ADMINISTRATIVE SANCTIONS
REGULATED ENTITIES
AIF MANAGEMENT COMPANIES
INVESTMENT FIRMS
UCITS & MANAGEMENT COMPANIES
AIFM & MANCO
AIF
REGULATED MARKETS
ISSUERS
ASP
DIGITAL SIGNATURE/SUBMISSION
RISK BASED SUPERVISION FRAMEWORK
REGULATORY FRAMEWORK
SERVICES AND MARKETS
COLLECTIVE INVESTMENT AND MANAGERS
ISSUERS AND SECURITIES
MARKET ABUSE
BENCHMARKS
PREVENTION OF MONEY LAUNDERING AND FINANCI...
PRIIPs
CySEC LAW
ΕΛΛΗΝΙΚΑ CONTACT USINVESTOR PROTECTIONLINKSRSS SERVICESITEMAPTERMS & CONDITIONSTHE COMMISSION
© Copyright, All Rights Reserved. | DESIGNED & DEVELOPED BY DOT.CY DEVELOPMENTS LTD.