CySEC settles with Daventryx Limited for €40,000 over administrative services rules

Nicosia, Cyprus. The Cyprus Securities and Exchange Commission (CySEC) has agreed a €40,000 settlement with Daventryx Limited over a possible violation of the rules for providing administrative services. The settlement follows an investigation lasting almost seven years.

Scope of the investigation

The regulator announced the settlement on Tuesday. It concerns the company’s compliance with the legislation governing administrative service providers during the period from September 20, 2018, to August 8, 2025.

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According to CySEC, the inquiry examined whether Daventryx Limited had observed the ban on delivering administrative services through persons who are not eligible to provide them.

Terms of the agreement

The settlement was agreed on September 28, 2026, under the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as amended. The commission confirmed that the company has paid the full €40,000.

Legal basis for settlements

CySEC stated that its authority to reach settlements derives from Article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, as amended. The provision lets the regulator resolve cases involving an actual or possible violation, act or omission where there are reasonable grounds to believe that the conduct breached legislation under its supervision.

Destination of the funds

The commission also clarified that money collected through settlement agreements is paid to the Treasury of the Republic of Cyprus and is not treated as income for CySEC.