Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
December 15, 2017 BY Valentina Kirilova

ESMA consults on draft RTS for prospectuses

The European Securities and Markets Authority (ESMA) today launched a consultation on draft Regulatory Technical Standards (RTS) under the new Prospectus Regulation (Regulation (EU) 2017/1129). These RTSs set out a number of requirements concerning the following topics: The key financial information that should appear in the summary of the prospectus; Data and machine readability of…

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bank of russia
December 15, 2017 BY Valentina Kirilova

Bank Of Russia accredits NSD's Valuation Center

After considering a request to assess the quality of NSD's Valuation Center’s performance when determining the value of ruble-denominated bonds, the Bank of Russia, guided by the criteria specified in the Bank of Russia's information letter of 29 March, 2013 No. IN-06-51/15 “On the Assessing of Valuation Centers’ Quality of Functioning”, has acknowledged the quality…

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CySEC fine
December 15, 2017 BY Valentina Kirilova

CySEC fines CIF licensed Centralspot Trading Ltd €50.000

The Board of the Cyprus Securities and Exchange Commission (CySEC) announced that it has decided to impose a total administrative fine of €50,000 to CIF Centralspot Trading Ltd for non-compliance with: Section 28(1) of the Investment Services and Activities and Regulated Markets Law of 2007, as amended from time to time (‘the Law’), as it…

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fca warning
December 15, 2017 BY Valentina Kirilova

FCA warns against Morgan Consultancy Group

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 Morgan Consultancy Group. Morgan Consultancy Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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fma warning
December 15, 2017 BY Valentina Kirilova

Malta MFSA warns against financial services company Falcon Financial Management

The Malta Financial Services Authority (MFSA) just announced that it has become aware of an entity operating under the name Falcon Financial Management, which is known to have an internet presence at http://www.falconfinancialmanagement.com/, and which, according to information available to the MFSA, appears to be offering investment and/or other financial services to consumers. Although Falcon…

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December 15, 2017 BY Valentina Kirilova

China Merchants Bank chooses Wolters Kluwer’s OneSumX for Regulatory Reporting

China Merchants Bank (CMB) just announced that it has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software for its operations in Luxembourg, following a competitive tender process. OneSumX for Regulatory Reporting uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s Regulatory Update Service.…

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Advanced Blockchain AG announce investment in WOM Token
December 15, 2017 BY Valentina Kirilova

Blockchain projects to partner with Aion for blockchain interoperability

Nuco, an enterprise blockchain company and the team behind Aion, today announced that Aion has partnered with with Bancor, Bitt, Enigma, Metaverse, SingularityNET, and SONM to expand blockchain interoperability on a global scale. These projects have partnered with Aion to connect independent blockchains allowing for the instant transfer and recording of data and value. Aion…

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December 15, 2017 BY Valentina Kirilova

Qatar Stock Exchange and Qatar Development Bank sign cooperation MoU

Qatar Stock Exchange (QSE) and Qatar Development Bank (QDB) today signed a Memorandum of Understanding (MoU) to promote collaboration between the two sides. The MoU was signed by Qatar Stock Exchange’s CEO, Rashid bin Ali Al-Mansoori, and Abdulaziz Al-Khalifa, CEO of Qatar Development Bank. The two parties have pledged to work together to collaborate in…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
December 15, 2017 BY Valentina Kirilova

SEC names Kenneth A. Johnson as Chief Operating Officer

The Securities and Exchange Commission (SEC) announced that Kenneth A. Johnson has been named the agency's Chief Operating Officer (COO). Mr. Johnson has served as Acting COO since February 2017. In his role as COO, Mr. Johnson oversees the SEC's operational and administrative functions, including the agency's Office of Human Resources; Office of Acquisitions; Office…

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