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PUBLIC INFORMATION BOARD DECISIONS
BOARD DECISIONS
Announcement Date: 02 Dec. 2022 Board Decision Date: 07 Nov. 2022
Regarding: LOMONOSOV INVESTMENTS FUND AIFLNP V.C.I.C. LTD
Legislation: The Cyprus Securities and Exchange Commission Law
Subject: Fine €100
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 07 Nov. 2022
Regarding: RAIF SCITUS CAPITAL HOLDINGS RAIF V.C.I.C. LTD (RAIF20) - Investment Compartment SCITUS CAPITAL HOLDINGS RAIF V.C.I.C. LTD – SCITUS PRIVATE EQUITY (RAIF20_1)
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of a RAIF Investment Compartment authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 07 Nov. 2022
Regarding: RAIF REFALCO INVESTMENT FUNDS RAIF V.C.I.C. PLC (RAIF21) - Investment Compartment REFALCO CYPRUS INVESTMENT OPPORTUNITIES FUND CLASS A INVESTMENT SHARES (EUR) DISTRIBUTING (RAIF21_1)
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of a RAIF Investment Compartment authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: Tristone Healthcare Bond Designated Activity 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: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
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: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: CPI Holdings Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €1.690
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: Isxis Investment Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €2.740
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: Regallia Holdings & Investments Publc Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €2.740
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: Karyes Investment Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €3.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: Rolandos Enterprises Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €3.075
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: Ermes Department Stores Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €3.375
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: Woolworth (Cyprus) Properties Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €3.375
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: Cyprus Trading Corporation Plc
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €3.375
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: Harvest Capital Management Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine €3.525
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: Triena Investments Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €4.725
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: A.L. Prochoice Group Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €5.100
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: Aias Investment Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €5.100
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Dec. 2022 Board Decision Date: 13 Dec. 2021
Regarding: KDM Shipping Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine €5.475
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 01 Dec. 2022 Board Decision Date: 28 Nov. 2022
Regarding: Τristone Healthcare 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 Nov. 2022 Board Decision Date: 03 Oct. 2022
Regarding: Novox Capital Ltd
Legislation: The Cyprus Securities and Exchange Commission Law
Subject: Fine €100
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 18 Nov. 2022 Board Decision Date: 22 Aug. 2022
Regarding: LOMONOSOV INVESTMENTS FUND AIFLNP V.C.I.C. LTD
Legislation: The Cyprus Securities and Exchange Commission Law
Subject: Fine €100
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 17 Nov. 2022 Board Decision Date: 03 Oct. 2022
Regarding: Royal Forex Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law of 2017
Subject: Settlement €120.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 15 Nov. 2022 Board Decision Date: 22 Aug. 2022
Regarding: Q.C.M. QUALITY CAPITAL MANAGEMENT LIMITED
Legislation: The Cyprus Securities and Exchange Commission Law
Subject: Fine €100
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 15 Nov. 2022 Board Decision Date: 07 Nov. 2022
Regarding: G2FUND AIFLNP V.C.I.C. LIMITED
Legislation: The Cyprus Securities and Exchange Commission Law
Subject: Fine €100
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 11 Nov. 2022 Board Decision Date: 11 Nov. 2022
Regarding: FTX (EU) 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 Nov. 2022 Board Decision Date: 03 Oct. 2022
Regarding: Corinth Fund Management Ltd
Legislation: The Alternative Investment Fund Managers Law
Subject: Withdrawal of AIFM authorization
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 14 Oct. 2022 Board Decision Date: 19 Sep. 2022
Regarding: General Capital Brokers (GCB) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Settlement €120.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Oct. 2022 Board Decision Date: 26 Sep. 2022
Regarding: Crowd Tech Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, Regulation (EU) No. 600/2014
Subject: Settlement €230.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Oct. 2022 Board Decision Date: 26 Sep. 2022
Regarding: Louis Plc
Legislation: Regulation (EU) No. 596/2014
Subject: Settlement €10.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Oct. 2022 Board Decision Date: 22 Aug. 2022
Regarding: RAIF BACHO INVESTMENT V.C.I.C. (RAIF) LTD (RAIF5) - Investment Compartment BACHO II FUND (RAIF5_2)
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of a RAIF Investment Compartment authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Oct. 2022 Board Decision Date: 22 Aug. 2022
Regarding: RAIF DAI INZU V.C.I.C. (RAIF) LTD (RAIF6) - Investment Compartment DAI INZU (IV) FUND (RAIF6_4)
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of a RAIF Investment Compartment authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 04 Oct. 2022 Board Decision Date: 12 Sep. 2022
Regarding: IFC Investments Cyprus 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: 30 Sep. 2022 Board Decision Date: 26 Sep. 2022
Regarding: Isxis Investment Public Ltd, Regallia Holdings & Investments Public Ltd, Aias Investment Public Ltd, Triena Investments Public Company Ltd, Trading Corporation Plc, Ermes Department Stores Plc and Woolworth (Cyprus) Properties 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: 23 Sep. 2022 Board Decision Date: 02 Aug. 2021
Regarding: D.A.P.P. Digital Access Pass PTE Investments Public Company Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 4.875
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 23 Sep. 2022 Board Decision Date: 02 Aug. 2021
Regarding: Ισχύς Επενδυτική Δημόσια Λτδ
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 5.050
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 23 Sep. 2022 Board Decision Date: 02 Aug. 2021
Regarding: Regallia Holdings & Investments Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 5.050
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 23 Sep. 2022 Board Decision Date: 02 Aug. 2021
Regarding: SFS Group 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: 23 Sep. 2022 Board Decision Date: 02 Aug. 2021
Regarding: A.L. Prochoice Group Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 6.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 23 Sep. 2022 Board Decision Date: 02 Aug. 2021
Regarding: Aias Investment Public Ltd
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 6.750
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 20 Sep. 2022 Board Decision Date: 12 Sep. 2022
Regarding: Tristone Healthcare 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: 15 Sep. 2022 Board Decision Date: 05 Sep. 2022
Regarding: Investment Compartment ‘IC Multistrategy Investment Compartment’ of the AIF ‘Mega Ploutos AIF Variable Capital Investment Company Plc’
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of an AIF Investment Compartment authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 09 Sep. 2022 Board Decision Date: 11 Jul. 2022
Regarding: AIF EURASIAN AMBASSADOR FUND (CYPRUS) AIF V.C.I.C. LIMITED
Legislation: The Alternative Investment Funds Law
Subject: Withdrawal of AIF authorization
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Sep. 2022 Board Decision Date: 18 Jul. 2022
Regarding: Zemblanco Investments Ltd
Legislation: Τhe Prevention and Suppression of Money Laundering and Terrorist Financing Law
Subject: Settlement €200.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Aug. 2022 Board Decision Date: 18 Jul. 2022
Regarding: ICC Intercertus Capital Limited
Legislation: Regulation (EU) No. 600/2014
Subject: Settlement €100.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 09 Aug. 2022 Board Decision Date: 14 Mar. 2022
Regarding: FXBFI Broker Financial Invest Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI 144-2014-14
Subject: Settlement €150.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 03 Aug. 2022 Board Decision Date:
Regarding: VPR Safe Financial Group Limited
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: 03 Aug. 2022 Board Decision Date:
Regarding: Exelcius Prime 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 Aug. 2022 Board Decision Date: 13 Sep. 2021
Regarding: KDM Shipping Public Company Ltd
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total Fine €19.250
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Aug. 2022 Board Decision Date: 14 Mar. 2022
Regarding: Magnum FX (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI 144-2014-14
Subject: Settlement €150.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 02 Aug. 2022 Board Decision Date: 14 Mar. 2022
Regarding: F1 Markets Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI 144-2014-14
Subject: Settlement €150.000
Judicial Review: YES () NO Judicial Review Ruling:
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