Cyprus Securities and Exchange Commission | BOARD DECISIONS
BOARD DECISIONS
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PUBLIC INFORMATION BOARD DECISIONS
BOARD DECISIONS
Announcement Date: 26 Nov. 2021 Board Decision Date: 16 Nov. 2021
Regarding: CLEGANE FUND LTD
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIFLNP authorization
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 23 Nov. 2021 Board Decision Date: 11 Oct. 2021
Regarding: Mr. Demetrios Chomatas and others
Legislation: Regulation (EU) No. 596/2014 on Market Abuse
Subject: Settlement €9.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 15 Nov. 2021 Board Decision Date: 08 Nov. 2021
Regarding: Isxis Investment Public Ltd, Regallia Holdings & Investments Public Ltd, Aias Investment Public Ltd, Harvest Capital Management Public Ltd, SFS Group Public Company Ltd, D.A.P.P. Digital Access Pass PTE Investments Public Company Ltd, A.L. Prochoice Group Public Ltd, Triena Investments Public Company 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: 04 Nov. 2021 Board Decision Date: 11 Oct. 2021
Regarding: Sonaf Business 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: 03 Nov. 2021 Board Decision Date: 02 Nov. 2021
Regarding: Depaho Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Recall of suspension of CIF license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 03 Nov. 2021 Board Decision Date: 18 Oct. 2021
Regarding: RAM CYPRUS INCOME FUND LTD
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 26 Oct. 2021 Board Decision Date: 18 Oct. 2021
Regarding: Karyes Investment Public Company 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: 22 Oct. 2021 Board Decision Date: 22 Oct. 2021
Regarding: Depaho 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 Oct. 2021 Board Decision Date: 15 Oct. 2021
Regarding: Maxigrid 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: 15 Oct. 2021 Board Decision Date: 15 Oct. 2021
Regarding: Maxiflex 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: 21 Sep. 2021 Board Decision Date: 14 Jun. 2021
Regarding: London Capital Group (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: 10 Sep. 2021 Board Decision Date: 01 Mar. 2021
Regarding: Belight Capital Group Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF authorization
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Sep. 2021 Board Decision Date: 10 Sep. 2021
Regarding: Depaho 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 Sep. 2021 Board Decision Date: 30 Aug. 2021
Regarding: D&V Pegasus Real Estate AIF VCIC Plc
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Sep. 2021 Board Decision Date: 30 Aug. 2021
Regarding: Isxis Investment Public Ltd, Regallia Holdings & Investments Public Ltd, Aias Investment Public Ltd, Harvest Capital Management Public Ltd, SFS Group Public Company Ltd, D.A.P.P. Digital Access Pass PTE Investments Public Company Ltd, A.L. Prochoice Group Public Ltd, Triena Investments Public Company 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: 02 Sep. 2021 Board Decision Date: 30 Aug. 2021
Regarding: Glenfinnian Bond Designated Activity Company και Pulteney Bond Designated Activity Company
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of trading of issuer bonds
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 23 Aug. 2021 Board Decision Date: 23 Aug. 2021
Regarding: Indication Investments Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, Regulation (EU) no. 600/2014
Subject: Recall of suspension of CIF license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 13 Aug. 2021 Board Decision Date: 05 Apr. 2021
Regarding: London Capital Group (Cyprus) Ltd
Legislation: Regulation (EU) 596/2014 on Market Abuse
Subject: Fine €40.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 06 Aug. 2021 Board Decision Date: 14 Jun. 2021
Regarding: AIF Tintra AIF VCIC Ltd - Compartment A-Pcl Equity Prime (AIF8_1), Compartment B-Nyc Equity Prime (AIF8_2), Compartment C-UK Debt Advance (AIF8_3), Compartment D-UK Equity Advance (AIF8_4) and Compartment E-EU Major City Hotel Equity Fund (AIF8_5)
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIF Investments Compartments authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 04 Aug. 2021 Board Decision Date: 19 Jul. 2021
Regarding: Investment Compartment University Property Balanced Yield Investment of the AIFLNP F.E FUTURE EDUCATION CAPITAL LTD
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of an AIFLNP Investment Compartment authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 03 Aug. 2021 Board Decision Date: 03 Aug. 2021
Regarding: Indication Investments 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: 28 Jul. 2021 Board Decision Date: 28 Jul. 2021
Regarding: Depaho 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: 20 Jul. 2021 Board Decision Date: 08 Mar. 2021
Regarding: Mr. Alkis Aloneftis
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 13 Jul. 2021 Board Decision Date: 17 May. 2021
Regarding: Globia Wealth Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF authorization
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 13 Jul. 2021 Board Decision Date: 29 Jun. 2021
Regarding: LARINDA FUND VCIC LTD
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 13 Jul. 2021 Board Decision Date: 13 May. 2021
Regarding: Parallel Nominees Cyprus Limited
Legislation: Τhe Prevention and Suppression of Money Laundering and Terrorist Financing Law
Subject: Settlement €70.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 09 Jul. 2021 Board Decision Date: 09 Jul. 2021
Regarding: Depaho 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: 01 Jul. 2021 Board Decision Date: 29 Jun. 2021
Regarding: Glenfinnian Bond Designated Activity Company και Pulteney Bond Designated Activity Company
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of trading of issuer bonds
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 01 Jul. 2021 Board Decision Date: 29 Jun. 2021
Regarding: Isxis Investment Public Ltd, Regallia Holdings & Investments Public Ltd, Aias Investment Public Ltd, Harvest Capital Management Public Ltd, SFS Group Public Company Ltd, D.A.P.P. Digital Access Pass PTE Investments Public Company Ltd (ex Exelixi Investment Public Ltd), A.L. Prochoice Group Public Ltd, Triena Investments Public Company Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of trading of shares
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 11 Jun. 2021 Board Decision Date: 01 Mar. 2021
Regarding: Atlas Capital Financial Services Ltd
Legislation: The Investment Services and Regulated Markets Law of 2007, the Law on the Prevention and Combating of Money Laundering Act 2007, the Directive DI144-2007-08, the Regulation (EU) 648/2012 (EMIR) and the Law of the Cyprus Securities and Exchange Commission of 2009
Subject: Administrative sanctions
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 11 Jun. 2021 Board Decision Date: 01 Mar. 2021
Regarding: Mr. Petar Kazivoda, Mr. Dusko Knezevic, Mr. Aleksandar Krtinic and Mrs. Ljiljana Dragicevic
Legislation: Directive DI144-2007-01 of 2012
Subject: Violation / Temporary prohibition of professional activity
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 01 Jun. 2021 Board Decision Date: 17 May. 2021
Regarding: Mutual fund “BOC Common Funds”
Legislation: The Open Ended Undertakings for Collective Investment (UCI) Law
Subject: Dissolution of mutual fund
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 25 May. 2021 Board Decision Date: 17 May. 2021
Regarding: HELVETIC AIFLNP VCIC LTD
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 21 May. 2021 Board Decision Date: 17 May. 2021
Regarding: Investment Compartment Alter Vesting 2-Bonds and Debt Instruments of the AIF ALTER VESTING AIF V.C.I.C. PLC
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of an AIF Investment Compartment authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 20 May. 2021 Board Decision Date: 10 May. 2021
Regarding: Stocks Forex AF Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Recall of suspension of CIF license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 19 May. 2021 Board Decision Date: 17 May. 2021
Regarding: TRIENA INVESTMENTS PUBLIC COMPANY 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: 19 May. 2021 Board Decision Date: 12 Apr. 2021
Regarding: Felicitas Management Investment 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: 18 May. 2021 Board Decision Date: 10 May. 2021
Regarding: Louis 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: 18 May. 2021 Board Decision Date: 22 Mar. 2021
Regarding: Rodeler 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 May. 2021 Board Decision Date: 08 Mar. 2021
Regarding: Prior Capital Cy Ltd
Legislation: Τhe Investment Services and Activities and Regulated Markets Law
Subject: Settlement €100.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 29 Apr. 2021 Board Decision Date: 05 Apr. 2021
Regarding: MPS Marketplace Securities Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Recall of suspension of CIF license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 29 Apr. 2021 Board Decision Date: 12 Apr. 2021
Regarding: Teletrade-DJ International Consulting Ltd
Legislation: Τhe Investment Services and Activities and Regulated Markets Law
Subject: Settlement €120.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 29 Apr. 2021 Board Decision Date: 19 Apr. 2021
Regarding: Glenfinnian Bond Designated Activity Company και Pulteney Bond Designated Activity Company
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of trading of issuer bonds
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 29 Apr. 2021 Board Decision Date: 19 Apr. 2021
Regarding: SFS Group Public Company Ltd. D.A.P.P. Digital Access Pass PTE Investments Public Company Ltd (ex Exelixi Investment Public Ltd), Karyes Investment Public Company Ltd and A.L. Prochoice Group 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: 15 Apr. 2021 Board Decision Date: 15 Feb. 2021
Regarding: AIF BAO Fund VCIC Ltd - Compartment (C)-G2 Shipping, Compartment (E)-Prior Multi - Pair High Growth System, Compartment (F)-All Weather DAPS and Compartment (G)-Healthcare Opportunities
Legislation: The Alternative Ivnvestment Funds Law
Subject: Withdrawal of AIF Investments Compartments authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 06 Apr. 2021 Board Decision Date: 29 Mar. 2021
Regarding: Isxis Investment Public Ltd, Regallia Holdings & Investments Public Ltd, Aias Investment Public Ltd and Harvest Capital Management Public Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of trading of shares
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 30 Mar. 2021 Board Decision Date: 08 Mar. 2021
Regarding: VPR Safe Financial Group Ltd
Legislation: Τhe Investment Services and Activities and Regulated Markets Law, Regulation (EU) 600/2014
Subject: Settlement €100.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 26 Mar. 2021 Board Decision Date: 22 Mar. 2021
Regarding: WS FINANCIAL AND INVESTMENT 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: 26 Mar. 2021 Board Decision Date: 22 Mar. 2021
Regarding: C.G. CAPITAL INVESTMENT LIMITED
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 26 Mar. 2021 Board Decision Date: 22 Mar. 2021
Regarding: QGF QUALITY GROWTH FUND LTD
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIFLNP authorisation
Judicial Review: YES () NO Judicial Review Ruling:
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