CySEC Advanced case studies

CySEC Advanced · Put your knowledge to work in context.

Η Εξετάσεις Πιστοποίησης ΕΚΚ - Advanced αποτελεί εξέταση γνώσεων για στελέχη της κυπριακής κεφαλαιαγοράς που χειρίζονται θέματα συμμόρφωσης, εποπτείας ή παροχής επενδυτικών υπηρεσιών. Η ύλη οργανώνεται σε τέσσερις ισόβαρες ενότητες: Υπηρεσίες και Αγορές, Συλλογικές Επενδύσεις και Διαχειριστές, Εκδότες και Κινητές Αξίες, και ένα τέταρτο σύνολο που καλύπτει Κατάχρηση Αγοράς, Δείκτες Αναφοράς, Παρεμπόδιση Νομιμοποίησης Εσόδων και PRIIPs. The CySEC Advanced case studies are 5 cases and about 5,132 words.

Ktimatiki Capital: elective professional re-categorisation and tied agents in Athens

Ktimatiki Capital CIF Ltd is a Cyprus investment firm authorised by CySEC under Law 87(I)/2017 for investment advice and reception and transmission of orders. It is onboarding Vrachos Family Office Ltd, a Limassol company holding €9.4 million of liquid financial instruments and €22 million of investment property.

1,005 words, about 5 min 2

Orion Capital Partners: sub-threshold registration, leverage and depositary independence

Orion Capital Partners Ltd is registered with CySEC under section 8 of Law 56(I)/2013 as a sub-threshold AIFM. It manages two Cyprus AIFs: Orion Core Fund, a closed-ended fund with a six-year lock-up, no redemption rights and €310 million of unleveraged shipping loans; and Orion Flex Fund, a €140 million open-ended fund financed partly by prime-broker borrowing, whose leverage is reported at 320% of net asset value under the commitment method.

988 words, about 5 min 3

Troodos Metals: tranche-by-tranche prospectus analysis and a late-breaking supplement

Troodos Metals plc has 40 million shares admitted to trading on the Cyprus Stock Exchange at €2.00 each. On 3 March it plans to launch a financing round: (i) €4.2 million placed with eight Cypriot and Greek institutions; (ii) €2.6 million offered to 140 retail clients of a Cypriot bank and €1.9 million to 210 retail investors in Greece through the same bank; (iii) €900,000 of shares issued to its 320 employees under an employee share plan; and (iv) a single €600,000 subscription from one private investor in a private placement carrying a minimum ticket of €100,000.

1,093 words, about 5 min 4

Karpasia Shipping: delayed disclosure, a leaked rumour and a PDMR buying into the closed period

Karpasia Shipping plc (KAR) has its shares admitted to trading on the Cyprus Stock Exchange. Since January its board has been negotiating a €70 million charter agreement with a Gulf state oil company.

1,003 words, about 5 min 5

Pelagos Wealth: an opaque BVI subscription, a third-party payer and a PRIIPs KID

Pelagos Wealth CIF Ltd, a Cyprus investment firm distributing a Cyprus AIF, receives a subscription request for €2.9 million from Coral Bay Trading Ltd, a company incorporated in the British Virgin Islands. The money will be wired from a Hong Kong account held by Sunrise Nominees Ltd, an entity with no documented connection to Coral Bay.

1,043 words, about 5 min