CySEC: Thirteen companies fined for violating transparency laws

The Cyprus Securities and Exchange Commission (CySEC) recently announced that it has fined 13 companies for violations of the Transparency Requirements in their 2021 half-year financial reports.

The companies are:

1. Aias Investment Public Ltd: Administrative fine of €9,500 for violation of sections 10(1) and 37(2)(a) of the Law,
2. KDM Shipping Public Ltd: Administrative fine of €9,500 for violation of sections 10(1) and 37(2)(a) of the Law,
3. MLK Foods Public Company Ltd: Administrative fine of €8,500 for violation of sections 10(1) and 37(2)(a) of the Law,
4. Cyprus Trading Corporation Plc: Administrative fine of €7,500 for violation of section 10(1) of the Law,
5. Woolworth (Cyprus) Properties Plc: Administrative fine of €7,500 for violation of section 10(1) of the Law,
6. Ermes Department Stores Plc: Administrative fine of €7,500 for violation of section 10(1) of the Law,
7. Isxis Investment Public Ltd: Administrative fine of €7,500 for violation of section 10(1) of the Law, and
8. Regallia Holdings & Investments Public Ltd: Administrative fine of €3,750 for violation of section 10(1) of the Law,
9. Karyes Investment Public Company Ltd: Administrative fine of €3,000 for violation of section 10(1) of the Law,
10. Harvest Capital Management Public Ltd: Administrative fine of €3,000 for violation of section 10(1) of the Law,
11. Toxotis Investments Public Ltd: Administrative fine of €2,750 for violation of section 10(1) of the Law,
12. Agroton Public Ltd: Administrative fine of €1,000 for violation of section 10(3)(b) of the Law,
13. Seabird Exploration Plc: Administrative fine of €1,000 for violation of sections 10(3)(c) and 10(6) of the Law.