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 Prospectus Law - Failure to issue a prospectus before issuing securities (if applicable as certain exemptions apply) Administrative penalty of Euro 700,000 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 Hybrid withdrawal plan – Current Incentives for Individuals and Companies! Next Article Difference between a subsidiary company and a branch in Greece Print 33 Rate this article: No rating Tags: Cyprus Investment firmsCYSECcysec feescysec penaltiescysec administrative finesprospectus finesaml finespenalties and chargespenaltiesaml lawaml penaltiesinsider trading penaltiesinsider dealingfines financialfinancial crimecyprus governancecysec governancecyprus penalty governance Please login or register to post comments.