CySec has today reported that following at the meeting held on 18th May 2015, the regulator has decided to impose a total administrative fine of €15,000 on CIF Fidelisco Capital Markets Ltd for violating sections 75(2) and 139(2) of the Investment Services and Activities and Regulated Markets Law of 2007.
The regulatory announcement was not specific as to which aspects of these rulings were contravened, however it is clear that the transgression relates to administrative matters.
For the official announcement from CySec, click here.