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CySEC Finalizes €10,000 Settlement With MD&TR Consulting Ltd Over Unauthorized Administrative Services

by THEFUTURE.TEAM

October 22, 2025

The Cyprus Securities and Exchange Commission (CySEC) has imposed a €10,000 settlement on MD&TR Consulting Ltd in response to a potential breach of the law governing administrative service providers. This decisive action follows a board resolution dated July 28, 2025, with the official settlement announced on October 21, 2025.

Regulatory Oversight And Legal Framework

The matter centers on potential non-compliance with the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as amended. In particular, the focus was on Article 5(1), which clearly prohibits the provision of administrative services without proper authorization—a foundational principle for maintaining industry integrity.

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Investigation Timeline And Enforcement Authority

The investigation, encompassing the period from September 7, 2021 to April 10, 2024, scrutinized Md&tr Consulting Ltd’s adherence to the statutory requirements. CySEC invoked its powers under Article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, as amended, enabling the commission to enter into a settlement for any breach or potential violation found in its supervised legislation.

Financial Implications And Compliance

MD&TR Consulting Ltd has fulfilled its financial obligations by remitting the full settlement amount of €10,000. Consistent with legal stipulations, these funds are considered revenue for the Treasury of the Republic rather than income for CySEC, reinforcing the strict regulatory framework applied in this case.

Conclusion

This enforcement action underscores CySEC’s steadfast commitment to upholding regulatory standards within the administrative services sector. It serves as a clear signal to industry players regarding the importance of obtaining proper authorization and maintaining strict compliance with established legal frameworks.

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Starbucks Wins ‘Best Workplace / Employer Of Choice At The 18th IN Business Awards

by News Editor

May 26, 2026

Starbucks was recently awarded the ‘Best Workplace / Employer of Choice’ award at the 18th IN Business Awards in Greece — a recognition that reflects the company’s philosophy and its ongoing investment in its people.

This distinction confirms Starbucks’ commitment to creating a work environment defined by respect, collaboration, inclusivity, and equal opportunities for all. Starbucks consistently fosters a culture that encourages growth, authenticity, and participation since people are always at the center.

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“At Starbucks, our success is rooted in our people. This recognition is a testament to our team’s dedication to nurturing a space where everyone can express themselves, grow equally, and deliver exceptional experiences to our customers,” said Pambis Anastasis — District Manager of Starbucks, who received the award.

Through modern development and employee support practices, Starbucks meaningfully invests in the continuous training and empowerment of its workforce, offering learning opportunities, mentorship, and career advancement at every stage of their journey.

The company also promotes an inclusive workplace where every employee feels a sense of belonging, can express themselves freely, and grow equally. This approach is a core element of Starbucks’ identity and is reflected both in the company’s internal culture, and in the experience it delivers to customers.

Winning at the prestigious IN Business Awards is a great honor for Starbucks and serves as a strong affirmation that its people are always at the heart of every step it takes.