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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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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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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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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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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From 13 November 2018, Moscow Exchange (MOEX) has announced that it is expanding its offering of analytics products for funds, algorithmic and high frequency traders. The products leverage MOEX’s market data and have been designed to help investors make existing trading strategies more efficient and create new ones. Two new analytical tools are available to…
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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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Brasil, Bolsa, Balcão (B3) and Shanghai Stock Exchange have announced that they have officially launched market data cooperation. SSE InfoNet Co., Ltd. (InfoNet), the wholly owned subsidiary of Shanghai Stock Exchange, together with its subsidiary in Hong Kong-China Investment Information Services Limited (CIIS) will act as the administer and official distributor of B3 market data…
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The global market global market of the Vienna Stock Exchange continues to grow. The second largest segment of the Vienna Stock Exchange is being expanded with attractive listings of the New York Stock Exchange and NASDAQ. US stocks and global shares of the two largest stock exchanges worldwide - by the value of the listed…
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Deutsche Börse has announced that it has launched a new segment for green bonds on the Frankfurt Stock Exchange. It currently includes about 150 bonds that comply with the Green Bond Principles of the International Capital Markets Association. With its offering, Deutsche Börse is responding to the globally increasing demand for sustainable financing. Investors valuing…
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