The European Commission’s proposals for Mifid II (as it is widely referred), released on 20 October, state: “Investment firms are allowed to provide investment services that only consist of execution and/or the reception and transmission of client orders, without the need to obtain information regarding the knowledge and experience of the client.” This will exclude [...]
The Supreme Court of Cyprus annulled a decision of the Cyprus Securities and Exchange Commission (CySEC) on recourse filed by ASPIS HOLDINGS PUBLIC COMPANY LTD (Aspis). CySEC’s first instance decision imposed an EUR80,000.- fine to the said Company along with suspension of 30% of voting rights for violating legislative obligations in relation to a public [...]
The Supreme Court of Cyprus has annulled a fine that had been imposed by the Cyprus Securities and Exchange Commission (CySEC) on Messrs. Vgenopoulos, Hiliadakis and Mageiras, Members of the Board of Directors of Marfin Popular Bank Public Co Ltd (‘Marfin Laiki’). The fine had been imposed on the said individuals for transaction carried out [...]
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