Proton Capital Markets Limited

• LiftedNetherlands Authority for the Financial Markets (AFM)

  Debarment

  In this state since

  12 Sept 2026

  Designated

  26 Apr 2022

  Reason given

  AFM legt last onder dwangsom op aan Proton Capital Markets Limited De Autoriteit Financiële Markten (AFM) heeft op 26 april 2022 een last onder dwangsom opgelegd aan Proton Capital Markets Limited (Proton). De maatregel is opgelegd omdat Proton beleggingsdiensten verleent in Nederland zonder dat zij beschikt over de daartoe benodigde vergunning. Dat is een overtreding van de Wet op het financieel toezicht (Wft). Overtreding vergunningplicht beleggingsdiensten Nederlandse consumenten houden een beleggingsrekening aan bij Proton, waarop Proton voor rekening van deze consumenten zonder hun tussenkomst transacties uitvoert of laat uitvoeren in financiële instrumenten. Klanten benaderen Proton niet op eigen initiatief. Proton verleent daarmee beleggingsdiensten aan in Nederland gevestigde klanten. Hiervoor is een vergunning in Nederland vereist, namelijk voor het beheren van individuele vermogens. Activiteiten niet tijdig gestaakt Proton heeft het illegaal verlenen van beleggingsdiensten in Nederland niet binnen de gestelde termijn gestaakt. Sinds 5 mei 2022 is Proton daarom verplicht de dwangsom te betalen. Iedere dag dat Proton niet aan de opgelegde last heeft voldaan, is de dwangsom aan Proton opgelopen met € 5.000. Per 14 mei 2022 is de dwangsom opgelopen tot het maximum van € 50.000. Proton heeft tot op heden niet aan de last voldaan. https://www.afm.nl/nl -nl/sector/actueel/2022/juni/lod-proton [original (Dutch)] AFM imposes order for incremental penalty payments on Proton Capital Markets Limited On 26 April 2022, the Netherlands Authority for the Financial Markets (AFM) imposed an order for incremental penalty payments on Proton Capital Markets Limited (Proton). The measure is imposed because Proton provides investment services in the Netherlands without having the required license. This is a violation of the Financial Supervision Act (Wft). Violation of the license obligation for investment services Dutch consumers hold an investment account with Proton, on which Proton executes transactions or has transactions executed in financial instruments on behalf of these consumers without any intervention on their part. Customers do not approach Proton on their own initiative. Proton thus provides investment services to clients in the Netherlands. This requires a license in the Netherlands, namely to provide portfolio management services. Activities not ceased in time Proton did not cease the illegal provision of investment services in the Netherlands within the prescribed period. Proton has therefore been obliged to pay the penalty payment since 5 May 2022. Every day that Proton has not complied with the order imposed, the penalty payment to Proton has increased by € 5,000. As of 14 May 2022, the penalty payment has increased to a maximum of € 50,000. Proton has not complied with the order to date.

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn11866)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  11866

• In forceNetherlands Authority for the Financial Markets (AFM)

  MiFID

  In this state since

  12 Sept 2026

  Designated

  26 Apr 2022

  Reason given

  AFM legt last onder dwangsom op aan Proton Capital Markets Limited De Autoriteit Financiële Markten (AFM) heeft op 26 april 2022 een last onder dwangsom opgelegd aan Proton Capital Markets Limited (Proton). De maatregel is opgelegd omdat Proton beleggingsdiensten verleent in Nederland zonder dat zij beschikt over de daartoe benodigde vergunning. Dat is een overtreding van de Wet op het financieel toezicht (Wft). Overtreding vergunningplicht beleggingsdiensten Nederlandse consumenten houden een beleggingsrekening aan bij Proton, waarop Proton voor rekening van deze consumenten zonder hun tussenkomst transacties uitvoert of laat uitvoeren in financiële instrumenten. Klanten benaderen Proton niet op eigen initiatief. Proton verleent daarmee beleggingsdiensten aan in Nederland gevestigde klanten. Hiervoor is een vergunning in Nederland vereist, namelijk voor het beheren van individuele vermogens. Activiteiten niet tijdig gestaakt Proton heeft het illegaal verlenen van beleggingsdiensten in Nederland niet binnen de gestelde termijn gestaakt. Sinds 5 mei 2022 is Proton daarom verplicht de dwangsom te betalen. Iedere dag dat Proton niet aan de opgelegde last heeft voldaan, is de dwangsom aan Proton opgelopen met € 5.000. Per 14 mei 2022 is de dwangsom opgelopen tot het maximum van € 50.000. Proton heeft tot op heden niet aan de last voldaan. https://www.afm.nl/nl -nl/sector/actueel/2022/juni/lod-proton [original (Dutch)] AFM imposes order for incremental penalty payments on Proton Capital Markets Limited On 26 April 2022, the Netherlands Authority for the Financial Markets (AFM) imposed an order for incremental penalty payments on Proton Capital Markets Limited (Proton). The measure is imposed because Proton provides investment services in the Netherlands without having the required license. This is a violation of the Financial Supervision Act (Wft). Violation of the license obligation for investment services Dutch consumers hold an investment account with Proton, on which Proton executes transactions or has transactions executed in financial instruments on behalf of these consumers without any intervention on their part. Customers do not approach Proton on their own initiative. Proton thus provides investment services to clients in the Netherlands. This requires a license in the Netherlands, namely to provide portfolio management services. Activities not ceased in time Proton did not cease the illegal provision of investment services in the Netherlands within the prescribed period. Proton has therefore been obliged to pay the penalty payment since 5 May 2022. Every day that Proton has not complied with the order imposed, the penalty payment to Proton has increased by € 5,000. As of 14 May 2022, the penalty payment has increased to a maximum of € 50,000. Proton has not complied with the order to date.

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn11866)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  11866

No ownership verdict was on file for this company on 25 October 2026.

As recorded by the assessment reading taken on 12 September 2026, 19:15 UTC, the newest on or before the date. Only “checked, not found” means a source was read in full and held nothing for the company.

Where the company is registered or connected

• NL: registered here

  No company register for this jurisdiction has been connected to this system, and none has been examined. No register here states who owns its companies.

• Whether each listing was in force is rebuilt from what was recorded here: when it was first read, when a source stopped or resumed carrying it, and when its published term ended. A listing in force at an authority before this system first read it is shown from that first read.
• No ownership verdict is kept for this company. Verdicts are kept for companies registered where shareholders are read here: Estonia, Latvia and Poland.

For each source behind this file, the newest read made on or before the date: the version of it that stood.

• ESMA Sanctions Register

  Read on 23 October 2026. No date from the publisher is read for this file, so its age is not known here. 845 records read.

Taken

12 September 2026, 19:15 UTC

Methodology

Version 4

Level

Medium

Score recorded

65 of 100

Digest

5a178e7724a580a632f22db5b77ce3a66d5863f7A fingerprint of everything the reading says. The same reading always has this digest, and any change in it gives another.

Reading id

a4549e2f-7075-41dc-b61e-6970d62de052

Address

https://apolika.com/entities/7a17ac51-eed6-4735-afb7-7e03a397bf45/evidence?as_of=2026-10-25The same address gives the same day's file tomorrow. What was recorded after the date is not in it.

As data

https://apolika.com/api/entities/7a17ac51-eed6-4735-afb7-7e03a397bf45/evidence?as_of=2026-10-25T01%3A43%3A39.571Z

Made

25 October 2026, 01:43 UTC