The Board of the Cyprus Securities and Exchange Commission (‘the CySEC’) would like to inform the public that, at the meeting held on 4 th December 2017, ...

Firms breached Principle 3 (Management and Control) and Principle 10 (Clients’ Assets) of the Authority’s Principles for Businesse

For breaching Statement of Principle 6, FIT

For breaching Principle 6 of the Authority's Principles for Businesses.

For breaching Principle 4 of the Authority's Statement of Principles for Approved Persons.

breaches of Principle 8 and COBS 2.3.1R .

For not complying with investment limits which are designed to protect consumers by limiting their exposure to risk.

For serious failings in the systems and controls governing financial incentives to sales staff.

For failing to meet minimum regulatory standards in terms of performing significant influence functions with due skill, care and diligence.

For failing to deal with the FSA in an open and cooperative manner.