December 29, 2017 BY Valentina Kirilova

Tel-Aviv Stock Exchange grants an activity period exemption to infrastructure investment companies

Tel-Aviv Stock Exchange (TASE) has published a proposal to grant an activity period exemption to companies engaged in infrastructure investment. At present, the activity period exemption that is required under Alternative B in TASE’s listing alternatives is granted to a company that is a real estate investment trust (REIT) fund. TASE believes that a company…

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December 29, 2017 BY Valentina Kirilova

Nasdaq Stockholm fines Sandvik SEK 3,105,000

The Disciplinary Committee of Nasdaq Stockholm informed that it has found that Sandvik AB (“Sandvik” or “the Company”) has breached Nasdaq Stockholm’s Rule Book for Issuers (“the Rule Book”) and, accordingly, has imposed a fine on Sandvik amounting to one annual fee, corresponding to an amount of SEK 3,105,000. The Disciplinary Committee has found that…

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PumaPay’s second version of its PullPayment Solution is on Mainnet
December 29, 2017 BY Valentina Kirilova

PumaPay to provide merchants with a comprehensive solution to process crypto payments

Decentralized Vision, the blockchain company creating a payment protocol that combines the benefits of traditional billing systems and blockchain technology, announced today the launch of its PumaPay Protocol; an all-in-one blockchain payment solution that offers billing mechanisms for e-commerce, online services and traditional merchants. To date, the majority of retail commerce, both online and offline, revolves…

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December 29, 2017 BY Valentina Kirilova

CSRC and SFC sign MoU to enhance supervisory and enforcement cooperation in futures markets

The China Securities Regulatory Commission (CSRC) and the Hong Kong Securities and Futures Commission (SFC) jointly announced today that they have entered into a Memorandum of Understanding on Supervisory and Enforcement Cooperation on Matters concerning Futures (MoU). The MoU facilitates regulatory and enforcement cooperation in the Mainland and Hong Kong futures markets, and enhances supervisory…

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client identity mifid
December 29, 2017 BY LeapRate Staff

How do I validate data from my clients for MIFID II transaction reporting?

Data input for MiFID II / MiFIR transaction reporting is not necessarily straightforward, so you should make sure that you are collecting the correct information from clients. Quinn Perrott, General Manager of regulatory and compliance solutions provider TRAction Fintech, explains. MiFIR introduces many requirements in respect of transaction reporting, including the requirement to report a wider…

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clone firm FCA warning
December 29, 2017 BY Valentina Kirilova

FCA warns against Vanguard Asset Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Vanguard Asset Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

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SFC fines
December 29, 2017 BY Valentina Kirilova

Citigroup Global Markets Inc. fined $11.5 million for displaying inaccurate research ratings

The Financial Industry Regulatory Authority (FINRA) announced it has fined Citigroup Global Markets Inc. (CGMI) $5.5 million and required the firm to pay at least $6 million in compensation to retail customers for displaying inaccurate research ratings for numerous equity securities during a nearly five-year period, and for related supervisory violations. An equity research rating…

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Regulation
December 29, 2017 BY Valentina Kirilova

France's AMF consults on amendments to its General Regulation with regard to central securities depositories

Taking into account the European Regulation on central securities depositories, the Autorité des marchés financiers (AMF) announced that it is launching a public consultation until 28 February 2018 on amendments to Book V of its General Regulation, on market infrastructures. Adopted in July 2014, the European Regulation on improving securities settlement in the European Union…

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