CySec imposes administrative fine
The Council of the Cyprus Securities and Exchange Commission (CySec) informs the investors that has decided to impose the administrative fine of € 10.000 in total to the company AFX Capital Markets Ltd (‘ the Company’) for the infringements of:
– The Law regarding the Provision of Investment services, the exercise of Investment Activities, the operation of Regulated Markets and other related matters, as in force ,
– The Directive DI144 – 2007-01 of 2012 for the authorisation and operating conditions of CIF’s ( ‘Directive 1’ ) , and
– The Directive DI144 – 2007-12 of 2012 regarding the definition of the term ” material change” and the notification of information ( ‘Directive 12’ ),
which were identified during the execution of an in place control by the Commission, at the Company on February, 2013.
Source: CySec
