Anonym / Tuesday, January 11, 2022 / Categories: Blog Material SUMMARY OF CYPRUS SECURITIES AND EXCHANGE COMMISSIONS ADMINISTRATIVE FINES SUMMARY OF CYSECs ADMINISTRATIVE FINES TO REGULATED ENTITIES Law 87 - Failure to provide accurate information during the application process Up to 5 years of imprisonmwent and or Euro 700,000 of administrative fine AIFs - Infridgement / failure to provide accurate information during the applicatiomn process Administrative fine of Euro 350,000 Anti Money Laundering Regulations - Administrative fines are as follows: Individuals - up to Euro 700,000 Banks - up to Euro 5,000,000 Companies - up to Prospectus Law - Failure to issue a prospectus before issuing securities (if applicable as certain exemptions apply) Administrative penalty of Euro 700,000 for int Insider Dealings, Market Abuse and Insiders Lists In this scenario CySEC may issue the highest administrative penalty up to 3 times the gains or losses gained! Insider Dealing Individuals Euro 5,000,000 Companies Euro 15,000,000 or 15% of turnover whichever higher Market Abuse Individuals Euro 1,000,000 Companies Euro 2,500,000 or 2% of turnover, whichever is higher Insiders Lists Individuals Euro 500,000 Companies Euro 1,000,000 Previous Article SUMMARY OF CYPRUS SECURITIES AND EXCHANGE COMMISSIONS ADMINISTRATIVE FINES Next Article CySEC - Reporting Deadlines for CIFs Print 25 Rate this article: No rating Please login or register to post comments.