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 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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November 29, 2016 BY Valentina Kirilova

The Royal Mint and CME Group to launch Royal Mint Gold

Partnership to build digital gold product on blockchain to be available in 2017 The global export mint, The Royal Mint, and derivatives marketplace CME Group have announced a collaboration to transform the way that market participants can trade gold. The Royal Mint has partnered with CME Group to build and launch a digitised gold offering…

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November 29, 2016 BY Valentina Kirilova

Intercontinental Exchange announces appointment of Lee Yi Shyan as Chairman of ICE Futures Singapore and ICE Clear Singapore

Intercontinental Exchange (NYSE:ICE) has just announced the appointment of Lee Yi Shyan as Chairman of ICE Futures Singapore (IFSG) and ICE Clear Singapore (ICSG) effective as of November 24 2016. Mr. Lee is a Member of Parliament in Singapore and previously served in the Singapore government over a ten year period as a Senior Minister of…

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November 28, 2016 BY Valentina Kirilova

FCA warns on SSW Market Making GmbH firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm SSW Market Making GmbH. SSW Market Making GmbH is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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