On 18 May, the International Accounting Standards Board (IASB) issued International Financial Reporting Standards (IFRS) 17, setting out a single, consistent approach to the accounting for insurance contracts. The Financial Stability Board (FSB) welcomed the final publication of this standard, which was identified as a high priority at the FSB Plenary meeting of 25 September…
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Deutsche Börse subsidiary Clearstream announced that will apply for new licenses to operate under the Central Securities Depositories Regulation (CSDR). CSDR obligations require Europe’s CSDs to submit their application files to local regulators by 30 September 2017. Authorisations are expected to be granted from mid-May 2018 onwards. This will be a first step to even…
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The Financial Conduct Authority (FCA) has today published the Terms of Reference for the Investment Platforms Market Study, which sets out the scope and topics that will be covered. Investment platforms are increasingly used by consumers and financial advisers to access retail investment products and to manage investments. The platform market has steadily grown over…
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ASIC announced that is seeking feedback on proposed ASIC rules for the administration of licensed financial benchmarks and regulatory guidance on how we would administer the proposed financial benchmark regulatory regime. The Government is currently consulting on draft legislation to implement financial benchmark regulatory reform. ASIC's consultation is about the licensing regime for administrators of…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Low Rate Loans. 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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ASIC announced that has commenced proceedings in the Federal Court of Australia to wind up a land banking scheme known as the VKK Investments Unit Trust (VKK scheme), as well as the trustee and operator of the scheme, Gem Management Group Pty Ltd (Gem). The VKK scheme owns land located at 64 Hutton Road, Keysborough…
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37 Issuers, 191 Funds Now Listed on Bats in the U.S. Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company, and the market for exchange-traded product (ETP) trading globally, announced that besides the two new PowerShares funds, and the iShares funds, has welcomed one more issuer OppenheimerFunds to the Bats ETF Marketplace, with the listing of three…
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After imposing a fine on CybAero amounting to three annual fees just yesterday, the Disciplinary Committee of Nasdaq Stockholm announced that has found that Skandinaviska Enskilda Banken AB (SEB) has breached Nasdaq Stockholm’s Rule Book for Issuers (“the Rule Book”) and, accordingly, has ordered SEB to pay a fine of one annual fee, corresponding to…
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The Federal Court of Australia has ordered Huntley Management Limited to pay a penalty of $50,000 for false and misleading advertising that its investment projects were 'approved by the Australian Securities and Investments Commission', ASIC announced earlier today. Huntley made the statements on its website between 21 September 2010 and 7 October 2015 and in…
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Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company, and the market for exchange-traded product (ETP) trading globally, just announced that has today welcomed two new PowerShares funds to the Bats ETF Marketplace. Their launch brings the total number of PowerShares funds listed on the Bats ETF Marketplace to 10. The other ones were listed earlier this…
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