CySec Issues 168,000 Administrative Fine to Safecap Investments (markets.com)

The Cyprus Securities and Exchange Commission (the "CySEC") would like to inform the publicthat, at the meetings held on the 2nd March 2015 and on the 25th May 2015, decided to imposethe total administrative fines of 168.000 to CIF Safecap Investments Ltd (''the Company') forviolating the Investment Services and Activities and Regulated Markets Law of 2007, as in force,the Directive DI144-2007-01 of 2012 for the Authorisation and Operating Conditions of CIFs, theDirective DI144-2007-02 of 2012 for the Professional Competence of Investment Firms and of theNatural Persons Employed by Them and other laws.

In reaching the above decision Cysec has taken into account the findings after carrying out, inMay 2013, an onsite investigation and, in October 2014, an onsite inspection at the Company'soffices.