Category: Financial Services

cysec license suspended
November 14, 2018 BY Valentina Kirilova

CySEC suspends Fenix Capital Markets Trading Ltd CIF license

The Cyprus Securities and Exchange Commission (CySEC) has just informed investors that it has suspended Fenix Capital Markets Trading's CIF license. The complete text of the regulator’s decision can be seen below: Announcement date: 14.11.2018 CySEC Decision date: 14.11.2018 Regarding: Fenix Capital Markets Trading Ltd Legislation: The Investment Services and Activities and Regulated Markets Law…

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CySEC
November 14, 2018 BY Valentina Kirilova

CySEC withdraws CIF license of Qino Management Advisory Ltd

The Cyprus Securities and Exchange Commission (CySEC) has just informed investors about the withdrawal of Qino Management Advisory Ltd.'s CIF authorisation. The complete text of the regulator’s decision can be seen below: Announcement date: 14.11.2018 CySEC Decision date: 05.11.2018 Regarding: Qino Management Advisory Ltd Legislation: The Investment Services and Activities and Regulated Markets Law Subject: Withdrawal…

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ESMA releases supportive opinion regarding BaFin’s ban on short selling
November 14, 2018 BY Valentina Kirilova

FCA bans a former First Step Finance Limited Director

The Financial Conduct Authority (FCA) has announced that it has banned Darren Lee Newton from working in the financial services sector. The FCA discovered Mr Newton used customers’ money for the purchase of the debt management firm, First Step Finance Limited. This showed a serious lack of honesty and integrity. The FCA has decided that…

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Regulation
November 14, 2018 BY Valentina Kirilova

MAS proposes new regulatory sandbox with fast-track approvals

The Monetary Authority of Singapore (MAS) has released a consultation paper on the creation of pre-defined sandboxes, known as Sandbox Express, to complement the existing FinTech Regulatory Sandbox that was launched in 2016. The aim is to enable firms which intend to conduct regulated activities to embark on experiments more quickly, without needing to go…

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fca warning
November 14, 2018 BY Valentina Kirilova

FCA warns against C. Letlid Loan and Finance Ltd

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 C. Letlid Loan and Finance Ltd. C. Letlid Loan and Finance Ltd is not authorised by the FCA but has been targeting people in the UK…

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Japan
November 14, 2018 BY Valentina Kirilova

LCH receives licence to clear FX NDFs in Japan

LCH, a global clearing house, has announced that it has received approval for an extension to its clearing licence from the Japanese Financial Services Agency (FSA). The licence extension was granted on 31 October 2018 and enables LCH’s ForexClear service to clear FX non-deliverable forwards (NDFs) on behalf of banks and clients based in Japan.…

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asic bans
November 14, 2018 BY Valentina Kirilova

ASIC bans former Perth financial services representative

Australian regulator ASIC has just announced that it has permanently banned Mr Craig James Wilson from providing financial services and engaging in credit activities, after he was convicted by the District Court of Western Australia for four counts of stealing. Between 25 October 2017 and 23 January 2018, four of Mr Wilson’s clients received payments…

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ESMA consults on future guidelines for Money Market Funds’ disclosure
November 13, 2018 BY Valentina Kirilova

ESMA consults on future guidelines for Money Market Funds’ disclosure

Starting from the end of the first quarter of 2020, European money market funds will have to disclose certain information under the Money Market Fund Regulation (MMFR) to their National Competent Authorities (NCAs). To facilitate funds’ regulatory disclosure, the European Securities and Markets Authority (ESMA) has opened today a public consultation on draft guidelines providing…

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