Fines of 703,000 euros were imposed by the Capital Market Commission

by

The decisions of the Board of Directors of the Capital Market Commission

The Board of Directors of the Capital Market Commission, during today’s meeting, decided:

-The approval of the request of “IDEAL HOLDINGS SA” for the exercise of the right of redemption (squeeze-out) on the shares of the company “BYTE COMPUTER SA”.

-The imposition of a fine of 700,000 euros on the company “VIE FINANCE A.E.P.E.Y.” for violation of provisions of the capital market legislation concerning:

– non-compliance with the obligations provided for the categorization of private clients as professionals

– failure to comply with the obligation to effectively supervise compliance with the conduct of the companies cooperating with it,

– failure to establish appropriate arrangements to protect its client’s rights and prevent the use of its funds for its own account

– non-observance of the restrictions regarding the initial margin for opening positions in CFDs

– other violations related to organizational adequacy and in particular issues of investor protection, during the provision of investment services

– The imposition of a fine of 3,000 euros on the company “INDRACAT SA” for the financial statements of the year 1.1.2020-31.12.2020 due to non-compliant with IAS/IFRS preparation.

RES-EMP

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