May 15, 2018 BY Valentina Kirilova

ADS Investment Solutions licenses new FTSE Russell Saudi Arabia index

Two months after promoting Saudi Arabia to Emerging Markets status, FTSE Russell has announced that it has launched a new Saudi Arabia-focused index. The FTSE ADS Custom Saudi Minimum Variance Index has been developed in collaboration with Abu Dhabi-based international financial services company, ADS Investment Solutions. The index has been licensed by ADS Investment Solutions…

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May 15, 2018 BY Valentina Kirilova

FCA warns against Option Stars Global firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Option Stars Global. Option Stars Global is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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May 15, 2018 BY Valentina Kirilova

SFC commences MMT proceedings against Magic Holdings International Limited

The Hong Kong Securities and Futures Commission (SFC) announced that it has commenced proceedings in the Market Misconduct Tribunal (MMT) against Magic Holdings International Limited (Magic) and its nine directors for failing to disclose inside information as soon as reasonably practicable on the potential acquisition of its issued shares by L’Oréal S.A. (EPA:OR), a French…

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May 15, 2018 BY Valentina Kirilova

ASIC consults on code of ethics compliance schemes for financial advisers

The Australian Securities and Investments Commission (ASIC) announced that it has released a consultation paper outlining its proposed approach to approving and overseeing compliance schemes for financial advisers. Incoming training and education requirements for financial advisers include obligations to comply with a code of ethics that is being developed by the Financial Adviser Standards and…

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May 15, 2018 BY Valentina Kirilova

FCA warns against Gpay Limited trading as Cryptopoint

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Gpay Limited trading as Cryptopoint. Gpay Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on…

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May 15, 2018 BY LeapRate Staff

CySEC clarifies rules for Forex brokers offering cryptocurrency CFDs

Cyprus financial regulator CySEC has just issued a new circular, outlining the rules governing brokers which offer cryptocurrency CFD trading to clients. CySEC began by pointing out - as did UK regulator the FCA last month - that while cryptocurrencies themselves are not considered financial instruments as defined by European rule-setter ESMA, derivatives of cryptocurrencies…

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May 15, 2018 BY Valentina Kirilova

Deutsche Börse to launch FinTech Acceleration platform

Deutsche Börse Group and its post-trade services provider Clearstream announced that they will partner with Germany-based FinTech figo and Luxembourg-based RegTech start-up Finologee to create a common FinTech Acceleration Platform. The launch is targeted for the fourth quarter of 2018, subject to regulatory approval. The new platform will enable established financial industry players and new…

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May 15, 2018 BY Valentina Kirilova

Monetary Authority of Singapore and AMBD sign FinTech cooperation agreement

The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) announced that they have signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore. The FinTech CA will facilitate the sharing of information on emerging FinTech trends and developments, and promote joint innovation projects between…

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May 15, 2018 BY Valentina Kirilova

Risk Focus launches Frankfurt operations, hires Deutsche Börse's Alexander Malkmus

Risk Focus Inc., the Specialist Provider of Financial and DevOps Services, announced today that it has expanded its footprint in Europe by launching business operations in Frankfurt, Germany, to be run by Alexander Malkmus, an industry veteran with over 20 years of experience in highly-visible client engagements. Having previously worked at Accenture and the Deutsche…

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