Category: Financial Services

February 26, 2018 BY Valentina Kirilova

Maharashtra State and Singapore announce closer FinTech cooperation

The Monetary Authority of Singapore (MAS) and the Government of Maharashtra (GoM) (Maharashtra is India’s second-most populous state and third-largest state by area. Mumbai is the capital city of Maharashtra) announced that they have signed a Memorandum of Understanding (MoU) on 18 February 2018 to strengthen cooperation in promoting FinTech innovation in the two markets.…

Read more
asic bans
February 26, 2018 BY Valentina Kirilova

ASIC bans former Westpac and NAB financial adviser

The Australian Securities and Investments Commission (ASIC) announced that it has banned Brisbane based financial adviser Christopher Ramsay from providing financial services for a period of five years for failing to act in the best interests of his clients, and giving advice that was not appropriate. ASIC found that Mr Ramsay failed in his obligations…

Read more
warning
February 23, 2018 BY Valentina Kirilova

French AMF warns against Bil Patrimoine and investment services website bil-gestionpatrimoine.com

Following a number of reports from savers regarding the website www.bil-gestionpatrimoine.com and the entity Bil Patrimoine, the Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR) have issued a public warning. Bil Patrimoine and the website www.bil-gestionpatrimoine.com are not authorized either by the AMF or by the ACPR to…

Read more
FCA warning
February 23, 2018 BY Valentina Kirilova

FCA warns against Teramusu 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 Teramusu. Teramusu 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
asic bans
February 23, 2018 BY Valentina Kirilova

ASIC bans financial adviser for 5 years

The Australian Securities and Investments Commission (ASIC) announced that it has banned Perth-based financial adviser Philip Leake from providing financial services for a period of five years. ASIC found that Mr Leake failed to act in his clients' best interests when providing advice on life insurance. ASIC's surveillance of Mr Leake found that he had…

Read more
February 23, 2018 BY Valentina Kirilova

HKEX proposes new listing regime for emerging and innovative companies

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has published a consultation paper seeking public feedback on the proposed new rules to expand Hong Kong’s listing regime to facilitate listings of companies from emerging and innovative sectors. The proposals in the consultation paper…

Read more
FCA warning
February 23, 2018 BY Valentina Kirilova

FCA warns against TDC Property Development 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 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…

Read more
FCA warning
February 23, 2018 BY Valentina Kirilova

FCA warns against Neo Finance Limited 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 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…

Read more