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CySEC fines Harvest Capital Management and others



The Cyprus Securities and Exchange Commission (CySEC) announced imposing fines on a number of companies for violations of transparency requirements of the law.

The board of CySEC held a meeting on 10 February 2020 to decide the administrative fines of the companies listed below.

CySEC fines

The companies with monetary penalties include:

  • Harvest Capital Management Public Ltd with administrative fine of €13,000
  • Cyprus Trading Corporation Plc with administrative fine of €12,500
  • Aias Investment Public Ltd was fined the amount of €12,500
  • Regallia Holdings & Investments Public Ltd was fined €6,500
  • Isxis Investment Public Ltd was fined €6,500
  • Elma Holdings Public Company Ltd was fined €6,250
  • Dodoni Portfolio Investments Public Company Ltd was fined €6,250
  • Jupiter Portfolio Investments Public Company Ltd was fined €6,250
  • CPI Holdings Public Ltd was fined €3,750
  • Karyes Investment Public Company Ltd was fined €3,000
  • Exelixi Investment Public Ltd was fined €1,500
  • Unigrowth Investments Public Ltd was fined €1,500

The companies failed to comply with transparency requirements of in regard to the publication of the Annual Financial Report for the year 2018.

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CySEC fines Harvest Capital Management and others

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