Cyprus financial regulator CySEC has commenced its Web Portal (Portal) through which the Regulated Entities can submit digitally signed documents/forms/letters to the Commission. It is expected that the cost of printing and storing the physical documents will be eliminated since it will no longer be required to be submitted using this format. The purpose of the…
Read moreThe independent research and consultancy firm on trends in the global ETF/TTP ecosystem ETFGI has reported that ETFs/ETPs listed in Europe gathered US$5 billion in net new asset in June 2016 which marks the 21 months of consecutive net inflows, according to preliminary data from ETFGI’s June 2016 global ETF and ETP industry insights report.…
Read moreAs an industry which thrives and survives on marketing, and which targets mainly a young, male demographic, it is no surprise that many of the marketing dollars of Retail Forex brokers end up at sports sponsorships. But where exactly are those marketing dollars going? How is Forex sports sponsorship changing? Is it the right investment…
Read moreThe post-trade infrastructure provider TriOptima has announced that it and financial services company CLS have won the FX Week Best Post-Trade Services Provider award. The publication pronounced that as regulatory programs started, costs became an important factor for decisions and market structure development trends, and as a result of these changes, the CLS-TriOptima partnership launched…
Read moreIn an expensive rebuff for the corporate regulator, the Full Court of the Federal Court has overturned findings of liability and penalties against former federal health minister Michael Wooldridge and other directors of the collapsed investment company Prime Retirement and Aged Care Property Trust (Prime Trust). The complex case centred not on the 2010 collapse itself…
Read moreDeutsche Börse announced an unscheduled change to DAX. As a result of the expected merger of Deutsche Börse AG and London Stock Exchange plc, the Deutsche Börse AG current share class (ISIN DE0005810055) in the index will be replaced with the tendered share class of Deutsche Börse AG (ISIN DE000A2AA253). These changes will become effective…
Read moreAn ASIC review of issuer due diligence in initial public offerings (IPO), has found a close correlation between defective disclosure in a prospectus and poor due diligence. Due diligence practices in initial public offerings includes this and other findings and provides ASIC's recommendations for good practice due diligence for issuers and directors. In the context…
Read moreFurther to our coverage yesterday of the £2.6 million fine handed out by the FCA to Towergate, the company has accepted responsibility and agreed to pay a fine of £2,632,000. Towergate has fully cooperated and worked closely with the FCA throughout the investigation. It has settled at the earliest opportunity, resulting in a reduced fine. Towergate…
Read moreInternational clearing house LCH.Clearnet, majority owned by London Stock Exchange Group Plc (LON:LSE), has announced that it plans to close its SwapClear US Service as of next week, on June 23, 2016. The closure of the SwapClear US service will have no effect on the SwapClear Global service offered via LCH.Clearnet Ltd, which continues to be the…
Read moreSwiss Forex brokerage house Dukasсopу Bank is pleased to announce the launch of a new white-label partnership with one of the leading banks in the Republic of Belarus – СJSC MTBank. Since 2015 the forex trading activity in Belarus has received an official legal basis and is now regulated by the National Bank of the Republic…
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