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Cyprus Extends Ban on Otkritie Broker's Igor Gutinskiy to 2027

4/8/2026

30 5 Full Breakdown

Summary

Story summary

Cyprus Securities and Exchange Commission extended management ban on Igor Gutinskiy of Otkritie Broker Ltd by one year, delaying enforcement to April 2027.
The extension is the longest delay since the ban was announced in March 2023 over concerns about influence from Otkritie FC Bank.
CySEC's approach contrasts with actions against other firms.
The regulator has not clarified the reasons for the repeated deferrals lasting nearly four years.

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Story summary

Cyprus Securities and Exchange Commission extended management ban on Igor Gutinskiy of Otkritie Broker Ltd by one year, delaying enforcement to April 2027.
The extension is the longest delay since the ban was announced in March 2023 over concerns about influence from Otkritie FC Bank.
CySEC's approach contrasts with actions against other firms.
The regulator has not clarified the reasons for the repeated deferrals lasting nearly four years.