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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:

  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.

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