CySEC fines the Director of Orphanides Public Company Ltd €5.000


CySEC fines

The Cyprus Securities and Exchange Commission (CySEC) has just informed the public that it decided the imposition of an administrative fine of €5.000 to Mr. Christos Filaktou (Director of Orphanides Public Company Ltd).

The complete text of the regulator’s decision can be seen below:


Announcement date: 03.10.2018

Board decision date: 03.09.2018

Regarding: Mr. Christos Filaktou (Director of Orphanides Public Company Ltd)

Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law

Subject: Re-examination

Following a previous Announcement dated 5th April 2018, the Board of the Cyprus Securities and Exchange Commission would like to inform the public that, at its meeting held on 3rd September 2018, based on humanitarian reasons, has revised the level of the administrative fine imposed on Mr Christos Filaktou, Director of Orphanides Public Company Ltd, and decided the imposition of an administrative fine of €5.000 for the violation of section 40(1) of The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law.

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CySEC fines the Director of Orphanides Public Company Ltd €5.000

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