CySec: Administrative fines
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has issued an announcement giving the following firms the administrative fines as follows:
- SAFS Holdings Public Ltd – €1.600
- Firstdelos Group Plc – €1.600
- Empire Capital Investments Public Ltd – €2.400
- Stario Portfolio Investments Public Company Ltd – €2.900
- Laser Investment Group Plc – €4.400
for breaching the law article 10(1) regarding the Transparency Conditions (Transferable Securities for Trading in Controlled Market).
According to CySec, the above firms have not published their six-month Economic Report for the first half of the economic year 2012, according to the article 37(1) of the same Law, within the defined from the Law period with a deadline on the June 30, 2012.
For full press release visit the CySec website. (in Greek)
