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Global Broker Regulation & Inquiry App
Cyprus Securities and Exchange Commission
Year 2001Regulated by Government
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
Disclose broker
Disclosure summary
- Disclosure matching Website matching
- Disclosure time 2022-07-25
- Penalty amount $ 51,103.00 USD
- Reason for punishment CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, may reach a settlement agreement regarding any violation or possible violation, act or omission for which there is reasonable ground to believe that is in breach of the provisions of legislation under the regulatory remit of CySEC.
Disclosure details
CYSEC Board Decision
25 July 2022
CYSEC Board Decision
Announcement date: 25.07.2022 Board decision date: 04.07.2022
Regarding: Triangleview Investments Ltd
Legislation: Τhe Investment Services and Activities and Regulated Markets Law
Subject: Settlement €50.000
Judicial Review: N/A Judicial Review Ruling: N/A
The Cyprus Securities and Exchange Commission («CySEC») would like to note the following:
CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009,
may reach a settlement agreement regarding any violation or possible violation, act or
omission for which there is reasonable ground to believe that is in breach of the provisions of
legislation under the regulatory remit of CySEC.
Α settlement has been reached with the CIF Triangleview Investments Ltd («the Company»)
for possible violation of the Investment Services and Activities and Regulated Markets Law of
2017 – L.87(I)/2017 («the Law»). More specifically, the investigation for which the settlement
has been reached, involved assessing, for the period December 2021 until February 2022, the
Company’s compliance with article 22(1) of the Law as to the authorisation condition laid
down in article 17(9) of the Law, regarding the protection of clients’ funds.
The settlement reached with the Company, for the possible violation, is for the amount
to €50.000. The Company has paid the amount of €50.000.
It is noted that all amounts payable relating to settlement agreements are considered revenue
(income) of the Treasury of the Republic and do not constitute income of CySEC.
Annex
More regulatory disclosure