Category: Financial Services

May 14, 2018 BY Valentina Kirilova

BCBS and IOSCO issue the shortterm STC criteria

The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) have today issued the Criteria for identifying simple, transparent and comparable short-term securitisations (the shortterm STC criteria). The short-term STC criteria aim to assist the financial industry in its development of simple, transparent and comparable short-term securitisations. The criteria maintain…

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May 14, 2018 BY Valentina Kirilova

FCA warns against SolidCFD firm

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 SolidCFD. SolidCFD 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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May 14, 2018 BY Valentina Kirilova

Singapore Exchange and Tel-Aviv Stock Exchange announce partnership

Singapore Exchange (SGX) and The Tel-Aviv Stock Exchange (TASE) have announced that they have established a partnership focused on growing capital raising opportunities for companies, particularly in the technology sector. The two exchanges will work together to support technology and healthcare companies which are looking to tap the capital markets to fund their growth plans…

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May 14, 2018 BY Valentina Kirilova

ASIC consults on short selling proposals

Australia regulator ASIC announced that it is seeking feedback on various proposals relating to both naked and covered short selling. ASIC’s public consultation coincides with the sunsetting of a number of related class orders, providing an opportunity to review our regulatory approach to short selling. grant legislative relief to allow market makers of certain exchange-traded…

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May 11, 2018 BY Valentina Kirilova

FCA warns against CreditMyFunds clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm CreditMyFunds. 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 to scam…

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May 11, 2018 BY Valentina Kirilova

New Zealand FMA warns against Managed Forex Hub Limited

The Financial Markets Authority (FMA) has just issued a formal warning to Andrew James Sturge, the sole director and shareholder of Managed Forex Hub Limited (Company Number: 4599319 – removed on 15 December 2017) (MFH), under s 9 of the Financial Markets Authority Act 2011. The complete warning can be seen below: On 12 September…

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May 11, 2018 BY Valentina Kirilova

Licence applicant convicted of providing false information to SFC

The Eastern Magistrates’ Court convicted Mr Lui Ho Yeung after he pleaded guilty to two counts of making false or misleading representations in support of his licence applications to the Hong Kong Securities and Futures Commission (SFC). Lui failed to disclose his previous criminal conviction in his SFC licence applications in 2009 and 2015 respectively.…

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