DFSA
June 22, 2017 BY Valentina Kirilova

CySEC announces decision on financial penalties on Directors of the former Cyprus Popular Bank Public Co

The Cyprus Securities and Exchange Commission (CySEC) today announced a series of financial penalties imposed on seven Directors and the Group Chief Financial Officer of the former Cyprus Popular Bank Public Co Ltd (“the Company”), following CySEC’s investigation into the Company’s malpractices during the period 2010-2011. A total of €1.14 million of fines have been…

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AMF issues impersonators scam warning
June 22, 2017 BY Valentina Kirilova

France's AMF suggests measures to strengthen ESMA ahead of UK Brexit departure

Financing, governance, direct powers: in its response to the European Commission’s public consultation on the review of European supervisory authorities, the Autorité des Marchés Financiers (AMF) has drawn up proposals to strengthen ESMA for the benefit of convergence of supervision in Europe. The AMF is publishing its response to the European Commission's consultation on the…

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ASIC office
June 22, 2017 BY Valentina Kirilova

ASIC commences consultation on proposed guidance on crowdfunding

ASIC today released two consultation papers proposing guidance for public companies and intermediaries (i.e. crowd funding platform operators) to assist them in using the new crowd-sourced funding (CSF) regime commencing on 29 September 2017. Under the CSF regime, eligible public companies will be able to make offers of ordinary shares to a large number of…

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June 22, 2017 BY Valentina Kirilova

Or-be integrate their Broker CRM with MetaTrader 5

The British developer Or-be announced the integration of their core product CRM Broker Modules with the multi-asset HFT MetaTrader 5 platform. The system broker modules provide abstract functionality with platform integration to allow brokers to control the infrastructure of online acquisitions. Or-be broker modules allow for online account forms to be graded for AML and…

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TORA unavista MiFID reporting
June 22, 2017 BY Valentina Kirilova

TORA Partners with LSEG’s UnaVista for MiFID II transaction reporting

TORA, provider of advanced cloud-based order and execution management system (OEMS), today announced that it has joined the London Stock Exchange Group’s UnaVista Partner Programme to help clients meet the transaction reporting requirements of MiFID II. When MiFID II comes into force in January 2018, buy-side firms will be required to submit transaction reports directly…

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fca warning
June 22, 2017 BY Valentina Kirilova

FCA warns against PPL Global Capital Limited 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 firm PPL Global Capital Limited. PPL Global Capital Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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June 22, 2017 BY Valentina Kirilova

RSRCHXchange survey reveals 85% of asset managers expect to comply with MiFID II rules in Q4 or later

Poll of 562 asset managers reveals that two weeks before the regulation enters law, 54% of funds still feel they don’t have enough information on research unbundling, indicating that more education needs to be done. RSRCHXchange, the aggregator and marketplace for institutional research, today released headlines from the results of their latest survey analysing the…

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