The UK Financial Conduct Authority (FCA) has put out details of two more clone firms this week - J and E Davy and AZR Capital. 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…
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EU’s securities markets’ regulator ESMA has just informed the public that it has fined the trade repository Regis-TR S.A. €56,000 for negligently failing to provide to regulators direct and immediate access to details of derivative contracts. The European Markets and Infrastructure Regulation (EMIR) requires TRs to provide derivative contracts information as well as other data…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Green Ash Partners LLP. 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…
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Deutsche Boerse Group’s STOXX Ltd. just announced that it has licensed its EURO iSTOXX® 50 Low Carbon NR Decrement 3.75% Index to Banca IMI, Intesa Sanpaolo Group, as an underlying for structured products. This is the first time that an Italian bank is distributing a product linked to a low-carbon index on the Italian market.…
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The EU’s securities markets’ regulator ESMA has just published a statement addressed to providers marketing, distributing or selling CFDs to retail clients. The regulator pointed out that it has serious concerns about firms’ marketing, distribution or sale of CFDs to retail clients and reminded CFD providers about some of the requirements connected with the offering…
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Australian regulator ASIC has announced earlier today that it has decided to cancel the AFS licences of the following two companies - CWS Mortgage Ltd and Australian Mutual Holdings Limited. CWS operated the CWS Mortgage Fund ARSN 094 313 096 (Fund), a registered managed investment scheme and the licence cancellation took effect on 26 June…
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The Financial Markets Authority (FMA) has recently added few more companies to its list of unregulated firms. The newest additions are Skyway Capital/Skyway Group and MBI International/MFC Club. Skyway Capital/Skyway Group Trading name: Skyway Capital Associated entities: SkyWay Investment Group, RSW Investment Group Ltd Address: 10 Great Russell Street, London, United Kingdom WC18 3BQ. Phone:…
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The Cyprus Securities and Exchange Commission (CySEC) announces that, on 27th May 2019, the Company Providing Administrative Services Z. Holender Cyprus Office Ltd waived its authorisation pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). The Company’s authorisation with Νumber 138/196, which…
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The Global Foreign Exchange Committee (GFXC) has released further detail from its 22-23 May meeting in Tokyo, Japan. During the meeting the committee discussed its mandate to consider the case for a comprehensive review of the FX Global Code at least every three years. The GFXC announced that Neill Penney, managing director and co-head of…
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Innovative FinTech company Gold-i just announced that it has added three new senior developers to its team. The company intends to accelerate its expansion to new markets and in particular its product roadmap, with a focus on expanding the functionality of its multi-asset liquidity management platform, Matrix. The new developers, each with over 20 years’…
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