The Cyprus Capital Market Commission (CCM) announced today that a resolution has agreed with the Cypriot investment company Titanedge Securities Ltd.
The settlement concerns possible violations of the Investment Services and Activities and Regulated Markets Law of 2017. More specifically, the investigation for which the settlement was reached concerned the assessment of the company’s compliance, for the period October 2022 to July 2023, with Article 25( 1). ) and article 25 paragraph 3 of the Law, as defined in article 44 of Commission Delegated Regulation (EU) 2017/565, regarding general principles and information addressed to customers.
The settlement reached with the company is for the amount of €90,000, which Titanedge Securities has already paid.
It is noted that the amounts owed in settlement agreements are calculated as income (revenue) in the General Accounting Office of the Republic and do not constitute income of the Greek Cypriot Association.