August 10, 2016 BY Valentina Kirilova

JIB Offshore Solutions Ltd remains under the supervision of CySEC

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on June 1, 2016, the company providing administrative services JIB Offshore Solutions Ltd, waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012. Therefore, the authorization with Νumber 28/196 lapsed as from the aforementioned date…

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August 10, 2016 BY Valentina Kirilova

Paysafe more than doubles Revenues and EBITDA in First Half 2016

Digital payment solutions provider Paysafe Group Plc (LSE:PAYS) has reported strong growth in the six months ended June 30, 2016. Reported H1 2016 revenue increased 118% to $487m (H1 2015: $223m); pro-forma constant currency revenue growth was 20%, up from 14% growth in H2 2015 and 12% in H1 2015. · Adjusted H1 2016 EBITDA increased 189%…

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August 10, 2016 BY Valentina Kirilova

ASIC consults on ‘sunsetting’ class orders about non-monetary consideration managed investment schemes

ASIC has released a consultation paper proposing to remake its class orders on non-monetary consideration managed investment schemes, which is currently due to expire (‘sunset’) on April 1, 2017. ASIC proposes to remake the class orders as, in its view, the class orders are operating effectively and efficiently and continues to form a necessary and useful…

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August 09, 2016 BY LeapRate Staff

CLS adds Japan's Daiwa Securities Group as a new settlement member

FX settlement services provider CLS Group has announced that it has expanded the number of settlement members accessing its service, with the addition of Daiwa Securities Group. Daiwa Securities Group is one of the largest financial institutions in Japan. Daiwa joins 65 other financial institutions in becoming a direct participant in CLS’s settlement and risk mitigation…

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August 09, 2016 BY Valentina Kirilova

FCA warns on clone firm Natix Bank

Today the UK Financial Conduct Authority put out details of the cloned firm Natix Bank. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as part of their tactics to…

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August 09, 2016 BY Valentina Kirilova

EEX Emissions Market adds Belektron as a new Market Maker

The European Energy Exchange (EEX) has announced that the Business to Business service company Belektron has been welcomed as a new Market Maker on the Derivatives Market for Emission Allowances. Since January 2015, Belektron has been active as a Market Maker on the EUA Spot Market and has provided buy and sell orders on the EUA Futures…

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August 09, 2016 BY Valentina Kirilova

OTC Markets announces listing of Enzon Pharmaceuticals to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM) has announced that the pharmaceutical company Enzon Pharmaceuticals, Inc. (OTCQX: ENZN) has qualified to trade on the OTCQX® Best Market. Enzon Pharmaceuticals, Inc. begins trading today on OTCQX under the symbol ENZN. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company here. Jason Paltrowitz,…

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