Cyprus Business Now

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced the imposition of administrative fines totalling €740,000 on the Cyprus Investment Firm (CIF) Exelcius Prime Ltd.

CySEC chairman George Theocharides said that “CIFs are urged to ensure that they fully comply with the provisions of the law and must act within the framework of their operating license”.

“CySEC attributes great importance, among others, to the responsibility that CIFs have in terms of...