CyLAS | Administrative Fines and Supervisory Decisions
Pageserve Limited
Authority: DOSE
Date of Decision: 19 Sept. 2024
Fine: €85,000
Reason: For violation of Law 188(I)/2007 and Directive DI87-01 regarding its operational procedures.
Date of Decision: 19 Sept. 2024
Fine: €85,000
Reason: For violation of Law 188(I)/2007 and Directive DI87-01 regarding its operational procedures.
UBK Markets Ltd
Authority: KETEY
Date of Decision: 29 Nov. 2024
Fine: €100,000
Reason: Violation of Regulation (EU) No 7/2019 due to failure to submit GST-CIF data to the CyLAS.
Date of Decision: 29 Nov. 2024
Fine: €100,000
Reason: Violation of Regulation (EU) No 7/2019 due to failure to submit GST-CIF data to the CyLAS.
Argus Stockbrokers Ltd
Authority: KETEY
Date of Decision: 10 Jul. 2024
Fine: €70,000
Reason: Violation of Law 188(I)/2007 and Directive DI87-01 concerning procedural obligations.
Date of Decision: 10 Jul. 2024
Fine: €70,000
Reason: Violation of Law 188(I)/2007 and Directive DI87-01 concerning procedural obligations.
IC Markets (EU) Ltd
Authority: KETEY
Date of Decision: 10 Jul. 2024
Fine: €120,000
Reason: Breach of Regulation (EU) No. 600/2014 regarding participation in prohibited trading activities.
Date of Decision: 10 Jul. 2024
Fine: €120,000
Reason: Breach of Regulation (EU) No. 600/2014 regarding participation in prohibited trading activities.
KDM Shipping Public Ltd
Authority: Warsaw Stock Exchange
Date of Decision: 10 Jan. 2024
Fine: €17,000
Reason: Non-compliance with Law 190(I)/2007 regarding annual financial statements for the year 2022.
Date of Decision: 10 Jan. 2024
Fine: €17,000
Reason: Non-compliance with Law 190(I)/2007 regarding annual financial statements for the year 2022.
ToXotis Investments Public Ltd
Authority: CSE
Date of Decision: 10 Jan. 2024
Fine: €15,000
Reason: Violation of Law 190(I)/2007 concerning the 2022 Annual Financial Report submission.
Date of Decision: 10 Jan. 2024
Fine: €15,000
Reason: Violation of Law 190(I)/2007 concerning the 2022 Annual Financial Report submission.
MLK Foods Public Company Ltd
Authority: Warsaw Stock Exchange
Date of Decision: 10 Jan. 2024
Fine: €85,000
Reason: Non-compliance with Law 190(I)/2007 concerning the 2022 Annual Financial Report.
Date of Decision: 10 Jan. 2024
Fine: €85,000
Reason: Non-compliance with Law 190(I)/2007 concerning the 2022 Annual Financial Report.
Agroton Public Ltd
Authority: Warsaw Stock Exchange
Date of Decision: 10 Jan. 2024
Fine: €35,000
Reason: Violation of Law 190(I)/2007 regarding the Annual Financial Statements for 2022.
Date of Decision: 10 Jan. 2024
Fine: €35,000
Reason: Violation of Law 190(I)/2007 regarding the Annual Financial Statements for 2022.
Ermes Department Stores Plc
Authority: CSE
Date of Decision: 10 Jan. 2024
Fine: €24,000
Reason: Violation of Law 190(I)/2007 regarding delayed submission of the 2022 Annual Financial Statements.
Date of Decision: 10 Jan. 2024
Fine: €24,000
Reason: Violation of Law 190(I)/2007 regarding delayed submission of the 2022 Annual Financial Statements.
Regallia Holdings & Investments Public Ltd
Authority: CSE
Date of Decision: 10 Jan. 2024
Fine: €25,000
Reason: Violation of Law 190(I)/2007 concerning non-compliance with the 2022 Annual Report requirements.
Date of Decision: 10 Jan. 2024
Fine: €25,000
Reason: Violation of Law 190(I)/2007 concerning non-compliance with the 2022 Annual Report requirements.
Cyprus Trading Corporation Plc
Authority: CSE
Date of Decision: 10 Jan. 2024
Fine: €35,000
Reason: Violation of Law 190(I)/2007 related to the 2022 Annual Financial Report disclosure.
Date of Decision: 10 Jan. 2024
Fine: €35,000
Reason: Violation of Law 190(I)/2007 related to the 2022 Annual Financial Report disclosure.
