ASIC has released a consultation paper proposing to remake four class orders that are due to expire (‘sunset’) in 2017 and to incorporate two related class orders into one new instrument. The class orders proposed to be remade are: Class Order [CO 02/260] Product Disclosure Statements: Application forms created by licensee; Class Order [CO 02/262]…
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Commercial banking company Australia and New Zealand Banking Group Limited, commonly called ANZ (ASX:ANZ), has announced it has reached an agreed settlement with the Australian Competition and Consumer Commission (ACCC) in relation to conduct associated with Non-Deliverable Forward FX contracts for the Malaysian Ringgit undertaken in Singapore during 2011. In a Statement of Agreed Facts…
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CySEC has prepared and made public on its website a Table of the Successful Candidates. The date of publication, of the aforementioned table on the CySEC website, shall be the date of registration of the persons, in the public register. The Table shows, the full name of each successful candidate, the examination taken and the…
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The pan-European gas trading platform PEGAS, operated by Powernext has announced the successful launch of new spot and futures contracts on the Danish ETF (Exchange Transfer Facility) on Thursday 17 November 2016. This launch completes the process announced in July 2016 where Powernext acquired 100% of Gaspoint Nordic from EEX and Energinet.dk. Gaspoint Nordic is…
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Senior representatives from the Taiwan Stock Exchange (TWSE) have gathered in Hong Kong this week to update institutional investors about recent improvements to the Taiwan capital market, including the impact of its ongoing corporate governance reforms, as well as the advantages of trading the Taiwan market. Highlights included: 87% of listed companies have appointed independent directors…
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This week LeapRate caught up with Gordon McArthur the CEO of Beeks Financial Cloud, as the company looks to continue its impressive growth into 2017. With the trading industry continuing to evolve the firm’s specialty in cloud trading and VPS infrastructures is as important as ever. Recent years has seen tech innovation rapidly improve trading environments…
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Cyprus financial regulator CySEC has issued a notice stating that it has suspended the CIF license of PFX Financial Professionals Ltd, which operates Retail Forex broker FXFINPRO at website fxfinpro.com. The company also operates portfolio management company FINPRO Investments at finproinvest.com. According to CySEC, there are suspicions of an alleged violation by FXFINPRO regarding persons who effectively direct the…
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The Autorité des Marchés Financiers (AMF) has announced that wants to help guide investment professionals operating in France, while also protecting investors' investments and ensuring they have access to reliable information. Consequently, it is taking a closer look at the performance simulators firms are offering to private investors prior to providing advisory or investment services.…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Janus Options / Kinetex Limited. 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…
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Moscow Exchange (MOEX) has announced that from December 1, 2016 starts charging the transaction fee for Flood Control errors. The fee is designed to stimulate the appropriate use of the Exchange's IT infrastructure and to increase the quality of service to the market participants. Flood Control errors occur when capacity of the derivatives platform login…
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