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ADMINISTRATIVE PENALTIES 2018

Legal Entity / Person Capacity Date of Decision Ratification (€) Rationale
AFX Capital Markets Ltd CIF September 17, 2018 50,000 Conciliation following suspicions of potential violations of Law 1444 (I) / 2007 concerning its operation.
Cyprint Plc (ex) Issuer of securities in the CSE September 10, 2018 10,000 For violations of Law No.116 (I) / 2005 on non-disclosure of confidential information.
Christakis Christodoulou (Cyprint Plc) BoD September 10, 2018 5,000 Violations by Cyprint Plc of Law No.116 (I) / 2005 for failure to disclose confidential information were due to his own fault and negligence
Milena Valentinova Christofide Proposed BoD in CIF September 03, 2018 10,000 For infringement of Law 1444 (I) / 2007 concerning the provision of false / misleading information to the ECC.
Coverdeal Holdings Ltd CIF 23 Jul 2018 250,000 Conciliation following suspicions of potential violations of Law 1444 (I) / 2007 concerning its operation.
LQD Markets Ltd (ex) CIF 02 Jul 2018 50,000 For violation of Law 1444 (I) / 2007 on record keeping.
Instant Trading EU Ltd CIF June 11, 2018 130,000 For violations of Law 1444 (I) / 2007 and DI 1444-2007-02 on professional ethics obligations.
Agroton Public Ltd Securities issuer on the Warsaw Stock Exchange June 04, 2018 2,000 For violation of Law 190 (I) / 2007 on the Six-Month Financial Report for the first half of 2017.
SFS Group Public Ltd CSE securities issuer June 04, 2018 4,400 For violation of Law 190 (I) / 2007 on the Six-Month Financial Report for the first half of 2017.
Karkotis Manufacturing & Trading Public Ltd (ex) Issuer of securities in the CSE 05 Mar 2018 50,000 For violation of Law 14 (I) / 1993 concerning the equal treatment of its shareholders.
Orphanides Public Company Ltd (ex) Issuer of securities in the CSE 08 Jan 2018 0 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 Ninth Financial Report for 30.9.2012 (misleading information / market manipulation – no reporting of material risks).
Mr. Christos Orphanides (Orphanides Public Company Ltd) Chairman of the Board 08 Jan 2018 120,000 For the violation of Law 190 (I) / 2007 on the Statement of Responsible Persons in the Orphanides Semiannual Financial Report Public Company Ltd for 30.6.2012.
Mr. Marios Antoniadis (Orphanides Public Company Ltd) BoD 08 Jan 2018

June 04, 2018
10,000 For the violation of Law 190 (I) / 2007 on the Statement of Responsible Persons in the Orphanides Semiannual Financial Report Public Company Ltd for 30.6.2012.
Mr. George Chatzimichael (Orphanides Public Company Ltd) BoD 08 Jan 2018 20,000 For the violation of Law 190 (I) / 2007 on the Statement of Responsible Persons in the Orphanides Semiannual Financial Report Public Company Ltd for 30.6.2012.
Mr. Christos Fylaktou (Orphanides Public Company Ltd) BoD 08 Jan 2018

September 03, 2018
5,000 For the violation of Law 190 (I) / 2007 on the Statement of Responsible Persons in the Orphanides Semiannual Financial Report Public Company Ltd for 30.6.2012.
Mr. Polis Kourousides (Orphanides Public Company Ltd) BoD 08 Jan 2018 20,000 For the violation of Law 190 (I) / 2007 on the Statement of Responsible Persons in the Orphanides Semiannual Financial Report Public Company Ltd for 30.6.2012.
Ms Ivy Makarios (Orphanides Public Company Ltd) Home Address 08 Jan 2018 30,000 For the violation of Law 190 (I) / 2007 on the Statement of Responsible Persons in the Orphanides Semiannual Financial Report Public Company Ltd for 30.6.2012.
Mr. Simos Kyriakidis (Orphanides Public Company Ltd) BoD 08 Jan 2018 0 For the violation of Law 190 (I) / 2007 on the Statement of Responsible Persons in the Orphanides Semiannual Financial Report Public Company Ltd for 30.6.2012.
LeadCapital Markets Ltd CIF 08 Jan 2018 30,000 For violation of Law 1444 (I) / 2007 on professional ethics obligations.