Category: Financial Services

SGX
March 16, 2020 BY Steffy Bogdanova

Singapore Financial Markets are functioning well despite volatility

The Monetary Authority of Singapore (MAS) said last Friday that that the Singapore Dollar money market and foreign exchange market are working as usual through the heightened volatility in global and domestic financial markets. Financial markets around the world are under pressure because of the widespread Covid-19 outbreak. MAS money market operations have maintained high…

Read more
March 13, 2020 BY Steffy Bogdanova

ESMA issues recommendations for financial market participants regarding Covid-19 

The European Securities and Markets Authority (ESMA), in coordination with the National Competent Authorities (NCAs) is closely monitoring the impact of Covid-19 outbreak on financial markets in the European Union. Following a discussion of the Board of Supervisors examining the marketing situations and observing contingency measures taken by supervised entities, ESMA is making the following…

Read more
fma warns against unregulated company
March 13, 2020 BY Valentina Kirilova

New Zealand FMA adds Trade99 to its warning list

Trade99 appeared yesterday on the New Zealand Financial Markets Authority (FMA) list of alerts and warnings. According to regulator, Trade99 and the website www.trade99.com are not listed on the FSPR. The company is not an incorporated firm in New Zealand. Individuals from Trade99 have been contacting New Zealand residents with investment offers, withholding client funds and…

Read more
fca warning
March 12, 2020 BY Steffy Bogdanova

TrustFX, Fortune Trade FX, Strategic Investment Funds and others added to FCA warning list

UK watchdog FCA has put out the details of several unregulated companies and clone firms this week. The names of the latest additions to the regulator’s warning list are the companies TrustFX, Fortune Trade FX, Strategic Investment Funds, Merrion Capital Investment Managers, FTEFX, Macrod FX, Top Trade Pro, FteFXPro / FTE FX, GCG 24 / Global Consulting Group, Swiss Life Asset Group, FX…

Read more
March 12, 2020 BY Steffy Bogdanova

SET keeps listed companies informed on regulations via digital platform

The Stock Exchange of Thailand (SET) has created digital tools to help listed companies to better understand key rules and regulation through the initiative "Smart Disclosure Program". The program is available on www.set.or.th and SETLink system. It uses motion graphics to simplify complicated regulation, making it comprehensive so that listed companies can apply it to…

Read more
SGX announces trading volumes
March 12, 2020 BY Valentina Kirilova

SGX announces United Hampshire US REIT as a new listing

Singapore Exchange (SGX) has announced earlier today that it has added United Hampshire US REIT to its Mainboard. United Hampshire US REIT is Asia’s first US grocery-anchored shopping centre and self-storage REIT and is now listed on SGX's mainboard under the stock code ODBU. Robert Schmitt, Chief Executive Officer, United Hampshire US REIT Management Pte.…

Read more
March 12, 2020 BY Steffy Bogdanova

FIA, Greenwich Associates releases derivatives market study results

FIA released trading and clearing trends in derivatives markets research yesterday. The research examined market sentiment towards several major market structure trends. It also covered capital requirements impact, central clearing adoption, the transition away from Libor, and the implementation of margin requirements on uncleared derivatives. The study shows insights on financial institutions and commercial end-users…

Read more
March 11, 2020 BY Steffy Bogdanova

SEC freezes fraudulent offering by Florida investment adviser

Securities and Exchange Commission acquired an asset frieze against Kinetic Investment Group LLC, Florida-based investment adviser, and Michael Scott Williams, its managing member on suspicion of fraudulent, unregistered securities offering. The offering reached raised approximately $39 million from at least 30 investors located mostly in Florida and Puerto Rico. The complaint filed with SEC alleges…

Read more
March 10, 2020 BY Steffy Bogdanova

ESMA reviews the transparency regime for non-equity instruments for MiFIR

Europe’s market regulator, the European Securities and Markets Authority (ESMA) has launched a Consultation Paper in review of the transparency regime for non-equity instruments and the trading obligation for derivatives under the Market in Financial Instruments Regulation (MiFIR). In this Paper, ESMA makes proposals for possible amendments to the transparency regime based on data analyses…

Read more
ASIC office
March 10, 2020 BY Steffy Bogdanova

ASIC releases new regulation for foreign financial services providers

ASIC has released new regulation for foreign financial services providers (FFSPs) that service Australian wholesale clients. Cathie Armour, ASIC Commissioner, noted: Our new regulatory framework facilitates Australian wholesale access to foreign investment opportunities, preserves market integrity against misconduct in wholesale markets, and strengthens ASIC's ability to take effective regulatory and supervisory action. Our ability to…

Read more