The Cyprus Securities and Exchange Commission (CySEC) has informed that the ESMA Guidelines on the management body of Market Operators and Data Reporting Services Providers have been adopted by CySEC. The complete text of the announcement can be seen below: TO : Market Operators and Data Reporting Service providers FROM : Cyprus Securities and Exchange…
Read more
ISDA has announced that regulatory fintech firm REGnosys has been appointed to develop a digital version of the ISDA Common Domain Model (CDM). REGnosys was selected following a request for quotations issued in the fourth quarter of 2017, and will now assist ISDA in developing the framework to build a digital version of the ISDA…
Read more
ASIC announced that it has accepted an Enforceable Undertaking from director Mr David Orth under which he will cease to provide financial services for five years. In addition, Mr Orth will make a community benefit payment in the amount of $400,000 to Financial Literacy Australia to support the financial capability of vulnerable people. Mr Orth…
Read more
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 XMarkets.com. XMarkets.com is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
Read more
Residential property developer lists in Prime Standard / Initial price €21,50 After completing a private placement of seven million new shares, Instone Real Estate Group B.V. (ISIN: NL0012757355) was listed in the Prime Standard of the Frankfurt Stock Exchange today. The Essen-based company's shares opened trading at €21,50, following an issue price of €21.50. The…
Read more
OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Sunniva Inc., a vertically integrated medical cannabis company, has qualified to trade on the OTCQX® Best Market. Sunniva upgraded to OTCQX from the Pink® market. Sunniva begins trading today on OTCQX under the symbol "SNNVF." U.S. investors…
Read more
The British Columbia Securities Commission (BCSC) today released a fintech notice and request for comment (the notice), summarizing the results of the BCSC's fintech outreach activities in 2017 and seeking input on potential measures to clarify or modernize B.C. securities laws for stakeholders. We want members of the B.C. technology community to know that we…
Read more
The European Securities and Markets Authority (ESMA) announced that it is launching its Interactive Single Rulebook, which is a new service for market participants and other interested stakeholders across the European Union. The tool is launched today with the Level 1 text of the UCITS Directive, and links to all relevant Level 2 and Level…
Read more
The Hong Kong Securities and Futures Commission (SFC) informed that it has reprimanded and fined Interactive Brokers Hong Kong Limited (IBHK) $4.5 million after resolving concerns over IBHK’s breaches of the Code of Conduct in its execution of market orders using electronic and algorithmic trading systems. The SFC’s disciplinary action followed two market disruption incidents…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Your Loan Deals. 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…
Read more