cysec fines — cysec fines — The Cyprus Securities and Exchange Commission (CySEC) has levied fines against two firms, WRDNB Ltd and Lydya Financial Ltd, for missing the deadline to submit a required regulatory form for 2024.
- “The company did not successfully submit the RBSF-CIF Form to CySEC for the year 2024, within the set deadline, as required by Circular C706 of CySEC,” the regulator explained.
- Similarly, Lydya Financial Ltd has been fined €850 for the same non-compliance issue, also relating to the submission of the RBSF-CIF Form. The total fines imposed on both firms amount to €2,150.
According to a statement released on Friday, the administrative penalties were decided during a board meeting held on September 8, 2025. WRDNB Ltd faces a fine of €1,300 due to its failure to comply with article 56(4) of the Cyprus Securities and Exchange Commission Law.
“The company did not successfully submit the RBSF-CIF Form to CySEC for the year 2024, within the set deadline, as required by Circular C706 of CySEC,” the regulator explained.
Similarly, Lydya Financial Ltd has been fined €850 for the same non-compliance issue, also relating to the submission of the RBSF-CIF Form. The total fines imposed on both firms amount to €2,150.
These fines underscore CySEC’s commitment to enforcing regulatory compliance among financial firms operating in Cyprus. Failure to meet such deadlines can lead to significant penalties, affecting a company’s reputation and operations.
