The Cyprus Securities and Exchange Commission (CySEC) today announced a €50,000 settlement with BCM Begin Capital Markets.
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.
The settlement with BCM Begin Capital Markets CY Ltd concerns possible violations of the Investment Services and Activities and Regulated Markets Law of 2017 – L.87(I)/2017 (“the Law”) and the Regulation (EU) 1286/2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs).
In particular, the investigation that led to the settlement involved assessing…
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