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ADMINISTRATIVE PENALTIES 2016

Legal Entity / Person Capacity Date of Decision Ratification (€) Rationale
Bdswiss Holding Plc CIF December 19, 2016 150,000 Conciliation on suspicion of possible violations of Law 1444 (I) / 2007 and of the Directives issued thereunder regarding its operation.
Fortified Capital Ltd AIFM December 19, 2016 5,000 For breach of Law 131 (I) / 2014 on failure to disclose the AIF’s Depositary’s intention to resign.
Cyprint Plc (ex) Issuer of securities in the CSE December 05, 2016 13,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for 2015.
LP Transbeton Public Ltd (ex) Issuer of securities in the CSE December 05, 2016 13,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for 2015.
Charilaos Apostolides Public Ltd (ex) Issuer of securities in the CSE December 05, 2016 13,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for 2015.
Louis Plc CSE securities issuer December 05, 2016 12,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for 2015.
Karyes Investment Public Company Ltd CSE securities issuer December 05, 2016 1,500 For violation of Law 190 (I) / 2007 on the Annual Financial Report for the year 2015.
Agroton Public Ltd Securities issuer on the Warsaw Stock Exchange December 05, 2016 1.250 For violation of Law 190 (I) / 2007 on the Annual Financial Report for the year 2015.
Mutual Trust Limited EPDY December 05, 2016 15,000 For violations of Law 1696 (I) / 2012 relating to its operation (provision of administrative services in the period of suspension of authorization / assignment of administrative services to third parties outside the Republic)
Novox Capital Ltd CIF December 05, 2016 175,000 For violations of Law 144 (I) / 2007, of DG 144-2007-01 and of DG 144-2007-02 concerning its operation.
Colmex Pro Ltd CIF Nov 28 2016 100,000 For violations of Law 144 (I) / 2007, of DG 144-2007-01 and of DG 144-2007-02 concerning its operation.
Bank of Cyprus Public Company Ltd (BOC) (ex) Issuer of securities in the CSE September 26, 2016 25,000 For violations of Law No.190 (I) / 2007 and Law No.116 (I) / 2005 on the Six-Month Financial Report for 30.6.2012 and the nine-month Financial Report for 30.9.2012 (preparation / misleading information / market manipulation – depreciation of goodwill (Uniastrum Bank).
Mr. Andreas Artemi (Bank of Cyprus Public Company Ltd) Chairman of the Board September 26, 2016 70,000 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Yiannis Kypri (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 70,000 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Yiannis Pechlivanidis (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 70,000 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Stavros Konstantinidis (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 50,000 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Costas Severis (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 30,000 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. George Georgiadis (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 30,000 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Ms. Irene Karamanou (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 30,000 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Christis Hatzimitsis (Bank of Cyprus Public Company Ltd) Director General September 26, 2016 70,000 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Vassilis G. Rologis (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 0 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Costas Chatzipapas (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 0 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Christos Muskis (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 0 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Elias Neocleous (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 0 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Evdokimos Xenophontos (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 0 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Ms Anna Diogenous (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 0 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Simeon Matsis (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 0 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
Mr. Nikolaos Tsakos (Bank of Cyprus Public Company Ltd) BoD September 26, 2016 0 For breach of Law 190 (I) / 2007 on the Statement of Responsible Persons in the BOC Six-Month Financial Report for 30.6.2012 (Uniastrum Bank’s goodwill display).
XFR Financial Ltd (now XTrade Europe Ltd) CIF September 26, 2016 225,000 For violations of Law 144 (I) / 2007, of DG 144-2007-01 and of DG 144-2007-02 concerning its operation.
Teos Corporate Services Ltd (ex) EPHS September 19, 2016 5,000 For violation of Law 1696 (I) / 2012 concerning its operation.
IQ Option Europe Ltd CIF 05 Sep 2016

December 19, 2016
160,000 For violations of Law 144 (I) / 2007, of DG 144-2007-01 and of DG 144-2007-02 concerning its operation.
OptionRally Financial Services Ltd CIF 05 Sep 2016 138,000 For violations of Law 144 (I) / 2007, of DG 144-2007-01 and of DG 144-2007-02 concerning its operation.
Mr Danny Rothman (or Mr Daniel Rubinstein) (Glistentree Holdings Limited- (ex) CIF) Shareholder 05 Sep 2016 100, 000 (Prohibition of professional activity until 9/2021) For violation of Law 1444 (I) / 2007 concerning the submission of false / misleading documents / data to the ECC.
Cyprus Popular Bank Public Co Ltd (CPB) (ex) Issuer of securities in the CSE 01 Aug 2016

March 16, 2015
0 For violations of Law No.116 (I) / 2005 and DI116-2005-03 on non-disclosure of confidential information and market manipulation (securing state support).
Mr Efthimios Bouloutas (Cyprus Popular Bank Public Co Ltd) CEO 01 Aug 2016 70,000 Violations of Cyprus Popular Bank Public Co Ltd Law 166 (I) / 2005 and DI116-2005-03 for failure to disclose confidential information and market manipulation were due to his own fault and negligence (securing state support).
Mr. Christos Stylianidis (Cyprus Popular Bank Public Co Ltd) CEO 01 Aug 2016 50,000 Violations of Cyprus Popular Bank Public Co Ltd Law 166 (I) / 2005 and DI116-2005-03 for failure to disclose confidential information and market manipulation were due to his own fault and negligence (securing state support).
HF Markets (Europe) Ltd CIF 01 Aug 2016 105,000 For violations of Law 144 (I) / 2007, of DG 144-2007-01 and of DG 144-2007-02 concerning its operation.
M&L Invest Union Markets Ltd (now EXT Ltd) CIF July 25, 2016 2,000 For breach of Regulation (EU) No. 680/2014 and DI144-2014-14 on the non-submission / disclosure of capital adequacy statements and exposures for the year ended 31.12.2015.
Karkotis Manufacturing & Trading Public Ltd (ex) Issuer of securities in the CSE June 13, 2016 7.300 For violations of Law 190 (I) / 2007 on the Six-Month Financial Report for the first half of 2015.
Cyprint Plc (ex) Issuer of securities in the CSE June 13, 2016 7.300 For violations of Law 190 (I) / 2007 on the Six-Month Financial Report for the first half of 2015.
Charilaos Apostolides Public Ltd (ex) Issuer of securities in the CSE June 13, 2016 7.300 For violations of Law 190 (I) / 2007 on the Six-Month Financial Report for the first half of 2015.
LP Transbeton Public Ltd (ex) Issuer of securities in the CSE June 13, 2016 6.300 For violations of Law 190 (I) / 2007 on the Six-Month Financial Report for the first half of 2015.
Sea Star Capital Plc (ex) Issuer of securities in the CSE June 13, 2016 1,500 For violation of Law 190 (I) / 2007 on the Six-month Financial Report for the first half of 2015.
Agroton Public Ltd Securities issuer on the Warsaw Stock Exchange June 13, 2016 1000 For violation of Law 190 (I) / 2007 on the Six-month Financial Report for the first half of 2015.
Modestou Sound & Vision Public Company Ltd (ex) Issuer of securities in the CSE June 13, 2016 500 For violation of Law 190 (I) / 2007 on the Six-month Financial Report for the first half of 2015.
BO Tradefinancials Ltd (ex) CIF June 06, 2016 138,000 For violations of Law 144 (I) / 2007, of DG 144-2007-01 and of DG 144-2007-02 concerning its operation.
Cyprint Plc (ex) Issuer of securities in the CSE 07 Mar 2016 13,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Karkotis Manufacturing & Trading Public Ltd (ex) Issuer of securities in the CSE 07 Mar 2016 13,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Charilaos Apostolides Public Ltd (ex) Issuer of securities in the CSE 07 Mar 2016 13,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Phil. Andreou Public Ltd (ex) Issuer of securities in the CSE 07 Mar 2016 13,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Ceilfloor Public Company Ltd (ex) Issuer of securities in the CSE 07 Mar 2016 13,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Firstdelos Group Plc (ex) Issuer of securities in the CSE 07 Mar 2016 13,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Karaolis Group Public Ltd (ex) Issuer of securities in the CSE 07 Mar 2016 12,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
LP Transbeton Public Ltd (ex) Issuer of securities in the CSE 07 Mar 2016 12,500 For violations of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
KDM Shipping Public Limited Securities issuer on the Warsaw Stock Exchange 07 Mar 2016 3.750 For violations of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Elma Holdings Public Company Ltd CSE securities issuer 07 Mar 2016 3,500 For violation of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Jupiter Portfolio Investments Public Company Ltd CSE securities issuer 07 Mar 2016 2,500 For violation of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Dodoni Portfolio Investments Public Company Ltd CSE securities issuer 07 Mar 2016 2,500 For violation of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Liberty Life Insurance Public Company Ltd CSE securities issuer 07 Mar 2016 2,500 For violation of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Agroton Public Ltd Securities issuer on the Warsaw Stock Exchange 07 Mar 2016 1.250 For violation of Law 190 (I) / 2007 on the Annual Financial Report for the year 2014.
Mayzus Investment Company Ltd (now Liteforex (Europe) Ltd) CIF February 29, 2016 12,000 For violations of Law 1888 (I) / 2007 and of DG 144-2007-08 regarding its procedures and the responsibilities of the BoD for the prevention of money laundering offenses.
CommexFX Ltd (ex) CIF 01 Feb 2016 50,000 For infringement of Law 1444 (I) / 2007 concerning false submission of information to the ECC.
Cyprus Popular Bank Public Co Ltd (ex) Issuer of securities in the CSE January 25, 2016 0 For infringement of N.116 (I) / 2005 and DI116-2005-03 on market manipulation (pumping emergency liquidity (ELA)).
Banc De Binary Ltd (ex) CIF January 18, 2016 350,000 Conciliation on suspicion of possible violations of Law 1444 (I) / 2007 and of the Directives issued thereunder regarding its operation.
Ouroboros Derivatives Trading Ltd (ex) CIF January 18, 2016 235,000 For violations of Law 144 (I) / 2007, of DG 144-2007-01 and of DG 144-2007-02 concerning its operation.