Last month, the UK Financial Conduct Authority (FCA) published its new rules and fees that will apply to all claims management companies (CMCs) from April 2019. The regulator has just given CMCs a green light to register for the temporary permission they’ll need to operate after April 2019. The complete text of the regulator's decision can be…
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The Dubai Gold & Commodities Exchange (DGCX) has just announced a highly successful 2018. The exchange broke its annual volumes record, trading 22.26 million contracts, up 28% YoY. The total value of the contracts was USD 474.94 billion (previous highest value of USD 448 billion was traded back in 2013). Average Daily Volumes (ADV) were…
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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 company Coinbrokerz. Coinbrokerz is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
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Moscow Exchange (MOEX) has informed the public that a revised methodology for the calculation of Moscow Exchange’s indices will take effect on 21 January 2019. The Bank of Russia registered it on 21 August 2018. According to the exchange's website, the amendments intend to extend the MOEX Total Return Indices Series and rebrand the MOEX…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Pelham Capital Ltd. 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…
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The London-based fintech firm Humaniq has announced the concurrent signing of two Memoranda of Understanding (MoU) with Hope for Lives in Sierra Leone and FinTech4Good. Both are prominent US-based organizations that will be part of Humaniq’s new strategy, with the company aiming to position itself as a technology platform facilitating new blockchain-based charity solution for the developing…
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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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Euronext, the pan-European exchange in the Eurozone, has announced that it has raised its commitment to 50.6% of Oslo Børs VPS Holding ASA (Oslo Børs VPS) shares in the context of the tender offer to be launched. The exchange has first informed the public last week that it has raised its commitment to 49.6% (pre-commitments from…
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UK financial regulator Financial Conduct Authority (FCA) has just announced that has started an investigation into the affairs of London Capital & Finance Plc (LCF). The regulator has already directed LCF to withdraw all of its existing marketing materials in relation to its Fixed Rate ISA or Bond. The complete FCA decision can be seen below: The…
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First Republic Bank (NYSE:FRC) is going to replace SCANA Corporation (NYSE:SCG) in the S&P 500 index, as announced on Spindices.com website earlier. S&P 500 constituent Dominion Energy (NYSE:D) is acquiring SCANA Corporation in a deal expected to be completed soon pending final conditions. The replacement is expected to happen prior to the open of trading on…
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