Category: Financial Services

warning
January 10, 2018 BY Valentina Kirilova

NSSC issues a cease trade order against West Nova Agro Commodities Ltd

The Nova Scotia Securities Commission (NSSC) announced that it has issued a cease trade order against West Nova Agro Commodities Ltd. According to NSSC, the company, a Nova Scotia community economic development corporation, violated securities laws by failing to file continuous disclosure documents. The director of corporate finance ordered West Nova Agro Commodities Ltd. to…

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Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
January 09, 2018 BY Valentina Kirilova

ESMA publishes first MiFID II position management controls for commodity derivatives

The European Securities and Markets Authority (ESMA) has issued today a first badge of position management controls under the Markets in Financial Instruments Directive (MiFID II). MiFID II requires Member States to ensure that an investment firm or a market operator operating a trading venue which trades commodity derivatives apply position management controls. Investment firms or…

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January 09, 2018 BY Valentina Kirilova

HKEX Markets set new records in 2017

Hong Kong’s securities and derivatives markets informed that it has set several new records in 2017 after an active and busy year, according to full year market statistics released today (Tuesday) by Hong Kong Exchanges and Clearing Limited (HKEX). The market capitalisation of the securities market reached $33,998.8 billion on the last trading day of…

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Shenzhen Stock Exchange publicly denounces Changsheng Bio-technology
January 09, 2018 BY Valentina Kirilova

The first public issuance of Panda Cooperate Bonds launched by SZSE

Recently, China Securities Regulatory Commission (CSRC) announced that it has granted permission to the public issuance of the Belt and Road Cooperate Bond of Puluosi Luohua China Overseas Holdings (Hong Kong) Co., Ltd. (Puluosi Belt and Road Bond) following the pre-approval of the issuance by Shenzhen Stock Exchange (SZSE), marking the launch of the first…

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FINRA's 2018 volume tops 2017 activity by 87%
January 09, 2018 BY Valentina Kirilova

FINRA releases 2018 Regulatory and Exam Priorities

The Financial Industry Regulatory Authority (FINRA) today released its 2018 Regulatory and Examination Priorities Letter, highlighting topics that FINRA will focus on in the coming year, including new and ongoing areas of focus. The Priorities Letter – alongside FINRA’s 2017 Examination Findings Report – serves as a resource for broker-dealers to enhance their compliance, supervisory…

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SFC fines
January 08, 2018 BY Valentina Kirilova

FCA fines and bans former RBS Trader Neil Danziger

The Financial Conduct Authority (FCA) announced that it has imposed a financial penalty of £250,000 on former Royal Bank of Scotland (RBS) interest rate derivatives trader, Neil Danziger, and prohibited him from performing any function in relation to any regulated financial activity. Mr Danziger formerly worked at RBS trading products referenced to Japanese Yen (JPY)…

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January 08, 2018 BY Valentina Kirilova

ADGM and Bahrain Economic Development Board sign region’s first MENA FinTech agreement

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Bahrain Economic Development Board (EDB) announced that they have entered into a Fintech cooperation agreement, marking a significant first in the MENA region. Signed between two of the leading MENA Fintech hubs, the agreement represents a leap forward in promoting the…

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clone firm FCA warning
January 08, 2018 BY Valentina Kirilova

FCA warns against Wageme clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Wageme. 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 to scam…

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CySEC
January 08, 2018 BY Valentina Kirilova

CySEC renews the registrations in the Public Register of Certified Persons

The Cyprus Securities and Exchange Commission (CySEC) has just mde an announcement regarding the renewal of the registrations in the Public Register of Certified Persons (the “public register”). The complete text of CySEC's announcement can be seen below: A. Renewal Process In accordance with the Paragraph 17(1) of the Directive regarding the Certification of Persons…

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