Category: Financial Services

April 27, 2018 BY Valentina Kirilova

Canadian securities regulators publish IIROC oversight review report

The Canadian Securities Administrators (CSA) has informed that it has released the Oversight Review Report of the Investment Industry Regulatory Organization of Canada (IIROC). The report evaluates whether specific regulatory processes were effective, efficient, and were applied consistently and fairly, and whether IIROC complied with the terms and conditions of its Recognition Orders. IIROC is…

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April 27, 2018 BY Valentina Kirilova

Oleg Vyugin elected Chairman of Moscow Exchange Supervisory Board

The Supervisory Board of the Moscow Exchange (MOEX) has announced that it has elected at the Annual General Meeting of Shareholders, Oleg Vyugin, independent director, as its Chairman. The Supervisory Board named members and chairpersons to its Strategic Planning, Budget, Nomination and Remuneration, Audit, Risk Management and Technical Policy Committees. It also approved new versions…

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April 27, 2018 BY Valentina Kirilova

AAT cancels registration of NSW liquidator

The Administrative Appeals Tribunal (AAT) has affirmed a decision to cancel the registration of Sydney liquidator, Mr Randall Clinton Joubert, ASIC has announced earlier today. The AAT found that Mr Joubert's actions as a registered liquidator of several companies were deliberate and dishonest and that he was not a fit and proper person to be…

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April 26, 2018 BY Valentina Kirilova

Singapore and Vietnam enhance fintech cooperation

The Monetary Authority of Singapore (MAS) and the State Bank of Viet Nam (SBV) have announced that they have agreed to establish a new partnership to encourage FinTech innovation and to strengthen cooperation in banking supervision. The new Memorandum of Understanding (MOU) between MAS and SBV on financial innovation will facilitate joint innovation projects between…

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April 26, 2018 BY Valentina Kirilova

Russia's NSD receives status of authorized depository of Belarus

National Settlement Depository (NSD), Russia’s central securities depository, has announced that it has just received the status of authorized depository of Belarus which allows NSD to record the rights to government securities issued by the Ministry of Finance (on behalf of the Republic of Belarus). Prior to now, NSD clients could accept for custody and…

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April 26, 2018 BY Valentina Kirilova

Deutsche Börse announces strong start of 2018 in 1Q report

Deutsche Börse AG has just published its results for the first quarter of 2018 on Wednesday. The company generated net revenue of €691.6 million, an increase of 11% compared to the previous year (Q1/2017: €623.4 million). Deutsche Börse thus achieved secular net revenue growth of approximately 7 per cent, in line with its projections. In…

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April 26, 2018 BY LeapRate Staff

Civil action filed against Michael Salerno and his companies for LinkedIn-based Retail Forex fraud

The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action charging Defendants Michael Salerno of Chadds Ford, Pennsylvania, and his companies Black Diamond Forex LP and BDF Trading LP, both Pennsylvania limited partnerships, and Advanta FX, a Pennsylvania corporation, with fraudulently soliciting members of the public to become foreign currency (forex) proprietary traders and…

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April 26, 2018 BY Valentina Kirilova

FCA warns against Money Financers 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 Money Financers. Money Financers is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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April 26, 2018 BY Valentina Kirilova

ASIC releases guidance on AFS licensing exemption for tax and BAS agents

The Australian Securities and Investments Commission (ASIC) has announced that it has updated its guidance for accountants who provide services on self-managed superannuation funds (SMSFs) to cover the exemption from the Australian Financial Services (AFS) licensing requirements for tax and BAS agents. The guidance was developed in conjunction with the Tax Practitioners Board and is…

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April 25, 2018 BY Valentina Kirilova

FCA warns against Max Montgomerie Debt Recovery & Investigations 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 Max Montgomerie Debt Recovery & Investigations. Max Montgomerie Debt Recovery & Investigations is not authorised by the FCA but has been targeting people in the UK…

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