November 29, 2016 BY Valentina Kirilova

SFC announces mandatory online submission of individual licensing applications

The Securities and Futures Commission (SFC) has just announced that with effect from 1 February 2017, all individual applicants and licensees will be required to submit their licensing applications, notifications and annual returns via the SFC Online Portal, with the view of improving the efficiency of processing licensing-related matters. This will not apply to corporate…

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November 29, 2016 BY Valentina Kirilova

Paweł Ostrowski is the new CEO Of Polish Power Exchange

The Extraordinary General Meeting of the Polish Power Exchange held on 28 November 2016 has appointed Paweł Ostrowski the President of the Management Board of the Polish Power Exchange. The change on the Management Board of the Polish Power Exchange appointing Paweł Ostrowski the President of the Company’s Management Board takes effect subject to the…

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November 29, 2016 BY Valentina Kirilova

Clearstream: Wealth management firms will prioritise improved operational efficiency next year

The majority of wealth management firms will prioritise improved operational efficiency and client asset protection in the next 12 months. This is one of the findings of a recent Clearstream-commissioned survey among wealth management firms conducted by Goodacre, the leading specialist consultancy for the securities industry in the UK. The survey report ‘The Wealth Landscape:…

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November 29, 2016 BY Valentina Kirilova

ASIC extends the transition period for superannuation trustees and responsible entities

ASIC has extended the transition period for trustees of superannuation funds and responsible entities of managed funds and other managed investment schemes (issuers) to comply with updated fee and cost disclosure requirements in relation to product disclosure statements (PDSs). The transition period will now end by 30 September 2017 for issuers that notify ASIC in…

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November 29, 2016 BY Valentina Kirilova

Calypso partners with R3 to build distributed ledger applications for financial services

Calypso Technology has become the first firm to partner with R3 to develop capital markets applications on its Corda distributed ledger-based smart contract platform. The two firms are currently developing a multi-party trade confirmation solution and testing it with multiple financial institutions. R3’s Corda – which will be open-sourced globally on November 30 – is…

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November 29, 2016 BY Valentina Kirilova

FCA warns on clone firm of Pan Associates

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Pan Associates. 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 their tactics to…

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November 29, 2016 BY LeapRate Staff

Donald Trump Really Isn't All That Bad For The Market

This article was written by Luis Aureliano, a business writer and financial analyst. With over 15 years of experience in global finance and an MBA in economics and management, Luis’s areas of expertise include business, marketing, communications, personal finance, macro economics, stocks and emerging markets. On election day, markets were going crazy. As soon as…

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November 29, 2016 BY Valentina Kirilova

Thomson Reuters Wealth Management to offer portfolio management solutions

Thomson ONE Wealth Management clients will have access to technical analysis research and workflow tools that address multiple asset classes and instrument types Business information giant Thomson Reuters Corp (NYSE:TRI) has signed an agreement with Dorsey, Wright & Associates (DWA), a Nasdaq Company, to offer investment research and portfolio management solutions to Thomson ONE Wealth…

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