Category: Financial Services

fma warning
December 15, 2017 BY Valentina Kirilova

Malta MFSA warns against financial services company Falcon Financial Management

The Malta Financial Services Authority (MFSA) just announced that it has become aware of an entity operating under the name Falcon Financial Management, which is known to have an internet presence at http://www.falconfinancialmanagement.com/, and which, according to information available to the MFSA, appears to be offering investment and/or other financial services to consumers. Although Falcon…

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December 15, 2017 BY Valentina Kirilova

Qatar Stock Exchange and Qatar Development Bank sign cooperation MoU

Qatar Stock Exchange (QSE) and Qatar Development Bank (QDB) today signed a Memorandum of Understanding (MoU) to promote collaboration between the two sides. The MoU was signed by Qatar Stock Exchange’s CEO, Rashid bin Ali Al-Mansoori, and Abdulaziz Al-Khalifa, CEO of Qatar Development Bank. The two parties have pledged to work together to collaborate in…

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fca warning
December 15, 2017 BY Valentina Kirilova

FCA warns against New York Law Specialists 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 New York Law Specialists. New York Law Specialists is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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December 15, 2017 BY Valentina Kirilova

TMX Group completes acquisition of Trayport and sale of NGX to Intercontinental Exchange

TMX Group Limited (TSX:X) announced it has completed the acquisition of London-based Trayport Holdings Limited, and its U.S.-based affiliate, Trayport Inc. (collectively, Trayport), a provider of technology solutions for energy traders, brokers and exchanges from Intercontinental Exchange, Inc. (ICE) for £550 million / C$931 million in total consideration, including £350 million / C$592 million in…

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fca warning
December 14, 2017 BY Valentina Kirilova

FCA warns against Revive Capital Group

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 Revive Capital Group. Revive Capital Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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asic afs license
December 14, 2017 BY Valentina Kirilova

Investigation into the Macro Group leads ASIC to cancel the license of Anquan Securities & Investments

ASIC announced that it has cancelled the Australian financial services (AFS) license of West Australia-based Anquan Securities & Investments Pty Ltd (Anquan) as it was unable to comply with its license conditions. Anquan requested ASIC cancel their license, which ASIC did with effect from 11 December 2017. As part of the cancellation, ASIC imposed conditions…

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Regulation
December 14, 2017 BY Valentina Kirilova

MiFID II presents issuers with challenges in research

Joint paper by Deutsche Börse and a number of associations informs about impact / Regulatory changes particularly affect small and medium-sized enterprises When the EU Markets in Financial Instruments Directive MiFID II enters into force on 3 January 2018, the rules on the provision of research services will fundamentally change. In addition to banks and…

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fca warning
December 14, 2017 BY Valentina Kirilova

FCA warns against Bulwark Insurance 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 Bulwark Insurance. Bulwark Insurance 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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Deutsche Börse and RegTek.Solutions launch pre-validation service for regulatory reporting
December 14, 2017 BY Valentina Kirilova

Major financial institutions to connect to Deutsche Börse’s Regulatory Reporting Hub

Deutsche Börse Group continues to welcome major sell- and buy-side institutions as users of its Regulatory Reporting Hub service. With MiFID II becoming effective on 3 January 2018, the Regulatory Reporting Hub (RRH) will enable sell-side, buy-side and systems integrators' clients to meet their regulatory obligations easily and efficiently. Recently, BaFin (German Federal Financial Supervisory…

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