July 19, 2016 BY Valentina Kirilova

ASIC winds up 13 abandoned companies owing employees more than $556,000

Australia financial regulator ASIC has exercised its wind up powers appointing liquidators to 13 abandoned companies to assist employees gain access to the Fair Entitlements Guarantee (FEG) scheme. The appointment of liquidators also facilitates a full and proper investigation into the reasons why the companies failed and allows recovery of any voidable or unreasonable director-related…

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July 19, 2016 BY Valentina Kirilova

Hong Kong SFC adds IBC Capital Limited to its Alert List

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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July 19, 2016 BY Mike Fox

Japan Exchange Group launches new derivatives trading system from Nasdaq

Japan Exchange Group (JPX) and Nasdaq have officially announced that JPX has gone live with their new next-generation derivatives trading system for the JPX subsidiary, Osaka Exchange. This is a milestone in the relationship between Nasdaq and JPX, who have been working together since 2011. “We are proud to be supporting JPX as they successfully launch their new…

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July 19, 2016 BY Mike Fox

Kenya's financial regulator to bring Forex broker regulation home

The African country of Kenya's financial regulator Capital Markets Authority (CMA) today has published draft 'Capital Markets Licensing Requirements' for 'Online Forex Brokers and Conduct of Online Forex Business Regulations 2016' to provide the requisite regulatory framework to safeguard effective and secure online forex trading in Kenya. A couple of years ago we reported on LeapRate,…

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July 19, 2016 BY Mike Fox

Canadian securities regulators recognize three trade repositories

Securities regulators in Alberta, British Columbia, New Brunswick, Nova Scotia and Saskatchewan (the approving jurisdictions) today announced the approval of recognition orders for three derivatives trade repositories: the Chicago Mercantile Exchange Inc., DTCC Data Repository (U.S.) LLC and ICE Trade Vault, LLC.  Securities regulators in Newfoundland and Labrador, Nunavut, Northwest Territories, Prince Edward Island and…

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July 18, 2016 BY Valentina Kirilova

CSA publishes results of continuous disclosure reviews for fiscal 2016

After publishing its Consultation Paper 95-401 few weeks ago, the Canadian Securities Administrators (CSA) has published Staff Notice 51-346 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2016, which summarizes the results of the CSA’s continuous disclosure (CD) review program, highlights common deficiencies and illustrates best practices for reporting issuers. Overall, 62%…

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July 18, 2016 BY Valentina Kirilova

CLS and Quandl agree to distribute aggregated FX trade data

FX settlement services provider CLS Group (CLS) and data platform for economic and financial data Quandl have made standardized and aggregated FX trade reports available via subscription. This new offering allows CLS to distribute its unique set of executed trade data to the broader market in a standardized and easy-to-use manner via Quandl. Data will…

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July 18, 2016 BY Valentina Kirilova

Boris Johnson convinced that the UK is not “leaving Europe”

Britain’s Foreign Secretary Boris Johnson claims he would assure his EU counterparts that Britain would continue to cooperate with them once it leaves the bloc, as reported on last month’s referendum. Boris Johnson commented on arrival at the EU foreign ministers meeting in Brussels: The message I'll be taking to our friends in the council…

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