| 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:
Decision
Decision
|
|
|
| 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:
Decision
Decision
|
| Appeal: |
YES from CySec (27 Jun. 2023)
|
Appeal Ruling:
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:
|
|
|