Category: Financial Services

Frankfurt Stock Exchange
February 15, 2018 BY Valentina Kirilova

Instone Real Estate Group N.V. listed on Frankfurt Stock Exchange today

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…

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White River Bancshares Company begins trading on OTCQX
February 15, 2018 BY Valentina Kirilova

OTC Markets Group welcomes Sunniva Inc. to OTCQX

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…

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February 15, 2018 BY Valentina Kirilova

BCSC consults with stakeholders in FinTech sector

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…

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Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
February 15, 2018 BY Valentina Kirilova

ESMA launches Interactive Single Rulebook

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…

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SFC fines
February 14, 2018 BY Valentina Kirilova

SFC reprimands and fines Interactive Brokers Hong Kong Limited $4.5 million

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…

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clone firm FCA warning
February 14, 2018 BY Valentina Kirilova

FCA warns against Your Loan Deals clone firm

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…

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February 14, 2018 BY Valentina Kirilova

MAS and the Central Bank of Egypt bolster FinTech cooperation

The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) announced that they have signed an agreement to strengthen FinTech cooperation between the two countries on 6 February 2018. The Cooperation Agreement was signed at Seamless North Africa 2018 (under the patronage of the CBE), a conference focused on Payments, FinTech and…

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ASIC office
February 13, 2018 BY Valentina Kirilova

New professional standards for financial advisers now available on ASIC website

The Australian Securities and Investments Commission (ASIC) announced that it has created a new section on its website to help financial advisers navigate the incoming professional standards requirements. The new requirements are aimed at lifting the education, training and ethical standards in the financial advice sector. ASIC’s website now provides an overview of the new…

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Nasdaq Copenhagen Improves Small Cap Market Access For Non-Nordic Trading Members
February 13, 2018 BY Valentina Kirilova

Nasdaq launches Nasdaq Nordic Fund Market in Finland and Norway

Today Nasdaq (Nasdaq:NDAQ) Broker Services announced the launch of Nasdaq Nordic Fund Market in Finland and Norway. The market service, available in Sweden since 2010, aims to increase the efficiency for fund distributors and fund companies by enabling electronic straight through processing of orders and settlement. We have seen an increasing demand in Finland and…

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