July 18, 2016 BY Valentina Kirilova

ADS Securities announces executive management changes

The financial services company, ADS Securities, has announced three executive appointments for both its corporate headquarters and London office. Marco Baggioli, currently Chief Operating Officer of ADS Securities London Limited, is appointed Executive Managing Director- Global Head of Brokerage; and Paul Webb, Senior Director & Chief Dealer, is named Deputy CEO and Head of Retail (Europe) at…

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July 18, 2016 BY Valentina Kirilova

Abu Dhabi Global Market and China Securities Regulatory Commission Sign MoU

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the China Securities Regulatory Commission (CSRC) entered into a Memorandum of Understanding (MoU) to facilitate cross-border activities and enhance regulatory collaboration between the two jurisdictions. The MOU provides a framework to provide assistance, exchange regulatory information and co-operate in the supervision…

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July 15, 2016 BY Valentina Kirilova

ESMA Consults on Asset Segregation and Custody Services under AIFMD and UCITS

The European Securities and Markets Authority (ESMA) has published a Call for Evidence on Asset Segregation and Custody Services under the Alternative Investment Fund Managers Directive (AIFMD) and the Directive on Undertakings for Collective Investment in Transferable Securities (UCITS Directive). ESMA first consulted on asset segregation under the AIFMD in December 2014 (Guidelines on asset…

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July 15, 2016 BY Valentina Kirilova

Osaka Exchange announces Reference Prices for New Products

Osaka Exchange has announced that Tuesday June 19, 2016 is the scheduled date for the introduction of: TSE Mothers Index Futures, TAIEX Futures, FTSE China 50 Index Futures, and JPX-Nikkei Index 400 Options. For the revision rule of contract months and the strike price interval for TOPIX Options and for the revision rule of strike…

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July 15, 2016 BY Valentina Kirilova

FCA warns against clone loan firm Homeowner Loans/ Advantage Leads

UK financial regulator the Financial Conduct Authority (FCA) has issued a warning regarding unlicensed clone loan firm Homeowner Loans/ Advantage Leads. The FCA believes that: Fraudsters are using the details of firms registered to carry out financial services activities to try to convince people that they work for a genuine, registered firm." The FCA warns:…

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July 15, 2016 BY Valentina Kirilova

Hong Kong SFC adds Cunningham Mutual 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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