The UK Financial Conduct Authority (FCA) has put out details of the cloned firm E Money Limited/Evolution Money Limited. 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…
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The Hong Kong Securities and Futures Commission (SFC) has published consultation conclusions on the proposed regulatory capital regime for licensed corporations engaged in over-the-counter derivatives activities and other proposed changes to the Securities and Futures (Financial Resources) Rules (FRR). After carefully considering the comments received, the SFC will proceed to implement the proposed regime subject…
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Hong Kong Exchanges and Clearing Limited (HKEX) just announced that has successfully introduced Phase 2 of the Closing Auction Session (CAS) in its securities market. A two-phase approach was taken to ensure a smooth transition for investors and other market participants. CAS Phase 1, covering all constituents of the Hang Seng Composite LargeCap and MidCap…
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The Autorité des marchés financiers (AMF) has warned about proposals to invest in diamonds without complying with the new regulation. Law of 9 December 2016 on transparency, the fight against corruption and the modernization of economic life (the « Sapin II » lax) has introduced a changes in the system of intermediation in miscellaneous assets…
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Edmond de Rothschild (Suisse) S.A. (SWX:RLD) announced that has chosen Clearstream as strategic partner to streamline and consolidate its third-party fund processing activities. Clearstream’s investment funds processing infrastructure Vestima enables processing of all types of funds from mutual funds to hedge funds on a single platform. The current regulatory agenda has made asset safety a…
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Five federal financial regulatory agencies have announced that they are coordinating their respective reviews of the treatment of certain foreign funds under section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule, and the agencies' implementing regulations, the Securities and Exchange Commission (SEC) shared. These foreign funds are investment funds organized and offered…
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The Commission de Surveillance du Secteur Financier (CSSF) has issued a warning concerning the website www.luxembourg-capital-finance.com. The website offers investment services on financial contracts allowing to take FOREX positions. The CSSF informed that the operators of the website www.luxembourg-capital-finance.com are unknown to it and have not been granted the authorisation required to provide financial services…
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Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List the companies Sea Faith Bullion Limited and Sea Faith International Industrial Limited. Sea Faith Bullion Limited and Sea Faith International Industrial Limited (together, the Parties) claim to be based in Hong Kong, Shenzhen, Dongguan, Harbin and several other major…
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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 firm LDN Exchange. LDN Exchange 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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ASIC announced that has permanently banned Ms Thuy Thi VU, a former finance analyst in Darwin, NT from the credit and financial services industries. Ms Vu, a former finance analyst in the Darwin branch of Alldrive Holdings Pty Ltd, trading as United Financial Services (WA), was convicted on nine charges of submitting false or misleading…
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