CySEC: Thirteen companies fined for violating transparency laws

09:03 - 18 December 2023

Financial Services

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:

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

CySEC: Thirteen companies fined for violating transparency laws

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