Nicosia, Cyprus. The Cyprus Securities and Exchange Commission imposed an administrative fine of €2,000 on Topsmart Investments AIFLNP V.C.I.C. Limited. The decision was finalised by the CySEC board at a meeting on June 8, 2026, following a review of the company’s regulatory compliance.
Regulatory finding
CySEC determined that the company violated the Alternative Investment Funds Law of 2018.
Details of the breach
According to the regulator, the firm failed to notify CySEC of a material change in information at least one month before implementing the change.
Authorisation requirement
Under the law, the information in question constituted a mandatory condition for the granting of the company’s original authorisation.
Public disclosure
The commission said details of the decision and the relevant judicial review documentation have been made available to the public on its official platform.