Ordinary shares of Public Joint Stock Company Detsky mir will begin trading on Moscow Exchange on 10 February 2017. The security has been admitted to the top Level 1 List. The key parameters of the security are described in the table below: Security Ordinary share Company name Public Joint Stock Company Detsky mir Type Ordinary…
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The Financial Conduct Authority (FCA) has published a Discussion Paper which seeks stakeholder views on the practice of investing in illiquid assets through open-ended funds and the challenges that can pose to managers and investors. Illiquid assets in the context of this Paper may include land and buildings, infrastructure and financial assets such as unlisted securities.…
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A new report published today highlights the increasingly important intersection between financial technology (Fintech) and securities market regulation, and describes the impact it has on investors and financial services. The IOSCO Research Report on Financial Technology, published by the International Organization of Securities Commissions (IOSCO), describes a variety of innovative business models and emerging technologies…
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The Financial Markets Authority (FMA) has issued a formal warning to 12 reporting entities under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act. Under section 59(2) of the Act, the FMA required reporting entities to submit their audit of their Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) risk assessment and…
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Options Clearing Corporation (OCC), the equity derivatives clearing organization, just congratulated MIAX on the launch of MIAX PEARL, which began operations on Monday. This successful launch brings the total number of U.S. options markets to fifteen. Craig Donohue, OCC Executive Chairman and CEO, commented: OCC congratulates the Miami International Securities Exchange on the successful launch…
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Singapore-based Spark Systems will start a live trial of its currency platform in March, hoping to lure traders with lower fees than existing offerings in the city, as Bloomberg reported. The firm won financial support from Singapore’s central bank and is part-owned by Dymon Asia Capital, the $5.5 billion investment manager whose currency hedge fund…
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Shares of binary options platform provider TechFinancials Inc (LON:TECH) plunged by more than 30% on Tuesday, after the company disclosed that it was going to lose its largest client, binary options broker 24option.com. The decline triggered two successive 5-minute Price Monitoring Extension periods in London Stock Exchange trading in the stock. A Price Monitoring Extension is activated…
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Continued fallout from the ban of FXCM Inc (NASDAQ:FXCM) and its co-founders Drew Niv and William Ahdout from the US forex sector... Institutional Forex ECN FastMatch, in which FXCM holds an equity stake, announced that Mr. Niv and Mr. Ahdout have left the FastMatch board of directors, effective immediately. They have been replaced by two…
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The Securities and Exchange Commission (SEC) announced that a private equity adviser has been permanently barred from the securities industry and must pay a $1.25 million penalty to settle charges that he withdrew improper fees from two private equity funds he managed. The SEC’s order finds that Scott M. Landress formed the funds to invest…
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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 Boston Private Law Group LLC. Boston Private Law Group LLC is not authorised by the FCA but has been targeting people in the UK and is…
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