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Screenshot of a breaking news alert e-mail from Q2 2017
The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed that, at the meeting held on 20th November 2017, it has decided to impose a total administrative fine of €50.000 to CIF Spot Capital Markets Ltd for non compliance within the period of 1st January 2016 to 30th June 2016, with the following:
- Section 36(1) of the Investment Services and Activities and Regulated Markets Law of 2007, as amended from time to time, and
- Section 36(1)(a) of the Law and Paragraph 6, subparagraph (2) of the Directive DI 144-2007-02 of 2012 of the Securities and Exchange Commission for the Professional Competence of Investment Firms and the Natural Persons Employed by them.
The complete announcement can be seen here.