February 15, 2017 BY Valentina Kirilova

Malta MFSA and Abu Dhabi regulator sign MoU for bilateral cooperation agreement

The Malta Financial Services Authority just announced that, on the 2nd February 2017, it successfully concluded and signed a Memorandum of Understanding with the Abu Dhabi Global Market Financials Services Regulatory Authority. The Memorandum of Understanding establishes a framework of bilateral cooperation between the two Authorities in the carrying out of their respective duties and…

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February 15, 2017 BY Valentina Kirilova

SIX Swiss Exchange SLS includes two additional European markets

The internationalization of the SIX Swiss Exchange Liquidnet Service (SLS) provides participants with more options for non-displayed trading SLS announced that, as of today, supports trading in both Italian and Norwegian equities. This extension adds over 400 shares to the universe of tradable instruments, and brings the total number of markets supported by SLS to…

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fma warning
February 15, 2017 BY Valentina Kirilova

New Zealand's FMA updates strategic risk outlook and sets course for new era in conduct regulation

The Financial Markets Authority just published its updated Strategic Risk Outlook (SRO). This is a foundation FMA document and sets out how the regulator identifies and prioritises the key risks to its overall objective of fair, efficient and transparent markets. In 2014, the FMA established seven strategic priorities to address the main risks and potential…

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February 15, 2017 BY LeapRate Staff

Norway central bank Norges takes 3% position in Skrill and NETELLER parent Paysafe Group

LeapRate Exclusive… LeapRate has learned via regulatory filings made in Norway and the UK that Norway’s central bank, Norges Bank, has taken a 3% equity position in the shares of online payments services giant Paysafe Group Plc (LON:PAYS). Paysafe’s brand portfolio includes NETELLER and Skrill, MeritCard, paysafecard, payolution, Income Access and FANS Entertainment. The Norges…

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CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
February 15, 2017 BY Valentina Kirilova

CLS appoints Gaynor Wood as General Counsel

CLS Group, a provider of risk mitigation and operational services for the global FX market, just announced that has appointed Gaynor Wood to the role of General Counsel. Wood succeeds Alan Marquard, who has led both CLS’s Legal division and the Corporate Strategy and Development (CSD) division. She reports to David Puth, CEO of CLS…

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MAS Monetary Authority of Singapore
February 15, 2017 BY Valentina Kirilova

Monetary Authority of Singapore announces faster approvals and lower requirements for venture capital managers

The Monetary Authority of Singapore (MAS) published a consultation paper proposing a simplified authorisation process and regulatory framework for managers of venture capital funds (VC managers). The move is part of MAS’ broader efforts to promote financing for enterprise development. VC managers are an essential component of the start-up eco-system. They provide capital and expertise…

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gold
February 15, 2017 BY Valentina Kirilova

Gold scam in the form of $4 million Ponzi scheme unveiled by CFTC

The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a federal civil enforcement action in Florida charging Defendants Carlos Javier Ramirez, Gold Chasers, Inc., and Royal Leisure International, Inc., all with last known addresses in Orlando, Florida, with misappropriating customer funds and engaging in fraudulent sales solicitations in connection with the purported purchase…

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