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 TDC Property Development. TDC Property Development is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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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 Neo Finance Limited. Neo Finance Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Investment Association (IA) has today published a series of guidelines designed to ‘shine a light’ and address a number of concerns in the use of Last Look. These guidelines form part of the IA’s call for greater transparency in the use of Last Look, and seek to address concerns that it can negatively affect…
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The New Zealand's Financial Markets Authority (FMA) has announced that it is now open for applications from providers seeking to offer personalised financial advice to consumers through digital tools and platforms (so-called robo-advice). Digital advice is automated financial advice generated by computer program using algorithms which is usually delivered through a website or a software…
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Among the 82 responses made to the Autorité des marchés financiers (AMF)’ consultation, a large majority of respondents expressed support for setting up an appropriate legal framework for this new type of fundraising. The AMF Board informed that it has decided to continue work on definition of a specific legal framework for ICOs. In view…
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ASIC announced that it has permanently banned Brenton John Poynter of Baulkham Hills, NSW, from providing financial services. Mr Poynter was an authorised representative of Charter Financial Planning Ltd (Charter) from June 2010 to June 2016 and provided financial advice regarding superannuation products to a number of elderly clients. ASIC found that from January 2015…
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Ally Ventures, the strategic investment arm of online brokerage and banking company Ally Financial Inc (NYSE:ALLY), has announced that it has made an investment in Greenlight Financial Technology, Inc., creator of smart debit cards for kids, teens, and college students. The company stated that the investment supports Ally Ventures' goal of promoting innovation through key alliances…
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The Board of the International Organization of Securities Commissions (IOSCO) has proposed a guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process. Conflicts of interest and associated conduct risks stemming from the role of intermediaries can threaten the integrity and efficiency of…
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Moscow Exchange (MOEX) has just announced that it will hold its AGM in late April 2018. The Supervisory Board will set the date of and full agenda for the AGM in early March. The agenda will include the election of a new Supervisory Board comprising 12 directors. Shareholders owning at least 2% of Moscow Exchange…
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The Monetary Authority of Singapore (MAS) issued for consultation today proposed regulations to require the trading of over-the-counter (OTC) derivatives on organised markets, to help improve market transparency. This requirement will complete MAS’ implementation of the G20 OTC derivatives reforms. MAS proposes to impose obligations for the most globally-traded OTC derivatives, namely interest rate swaps…
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