CySEC fines 11 financial firms

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The Cyprus Securities and Exchange Commission announced that following its board meeting on 22 October 2007, it decided to impose administrative fines on the following Cypriot Investment Firms (CIFs) amounting to CYP 5.000 each, for their failure to submit their annual return for the year 2006 within the specific deadline set by the Investment Firms Law, which is in violation of paragraphs (1) and (2) of article 20 of the Investment Firms Law: The firms are:

BrokerCreditService (Cyprus) Ltd

Egnatia Financial Services (Cyprus) Ltd

Global Capital Securities and Financial Services Ltd

Helios Trust Management (Cyprus) Ltd

ICFI (Cyprus) Ltd

IKOS CIF Ltd

Plasma Enterprises Ltd

Reserve Invest (Cyprus) Limited

UFGIS Trading Ltd

UFGIS Capital Management Ltd

UFGIS Structured Holdings Ltd


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