Hong Kong Exchanges and Clearing Limited (HKEX) announced the Government's reappointments of Lawrence Lam Yuk Kun and Barbara Shiu as members of HKEX's Risk Management Committee (statutory) (RMC). The reappointments were made under the Securities and Futures Ordinance. They are for a term of two years with effect from 1 July 2017. From 1 July…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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The Securities and Futures Commission (SFC) announced and welcomed the appointment and re- appointment by the Financial Secretary of members to the SFC Advisory Committee for two years from 1 June 2017 to 31 May 2019. I warmly welcome Ms Prudence Ann Bennett, Mrs Ann Kung Yeung Yun-chi and Dr Tan Yue-heng to be the…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Lucky 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 to…
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Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company today welcomed a new WisdomTree fund to the Bats ETF Marketplace, the 19th fund to be listed with exchange. The WisdomTree Barclays Yield Enhanced U.S. Short-Term Aggregate Bond Fund (Bats: SHAG) will seek to track the price and yield performance, before fees and expenses, of the Bloomberg Barclays…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm PDL Finance. 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…
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ASIC announced that has today accepted an enforceable undertaking (EU) from Macquarie Bank Limited (ASX:MQG) in relation to the bank’s wholesale foreign exchange (FX) businesses, following an ASIC investigation. ASIC is concerned that the bank failed to ensure that its systems and controls were adequate to address risks relating to instances of inappropriate conduct identified…
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The European Securities and Markets Authority (ESMA) has published a Follow-up Report on the actions undertaken by ten National Competent Authorities (NCAs) in addressing deficiencies identified in the 2014 Peer Review on MiFID Conduct of Business rules relating to fair, clear and not misleading information (2014 Review). ESMA welcomes the efforts made by most of…
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The Cyprus Securities and Exchange Commission (CySEC) announced that, on 27th April 2017, the CIF HiwayFX parent Lucro Capital Ltd renounced its authorisation, pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the CIF authorisation with Νumber 252/14 lapsed as from the…
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The Irish Stock Exchange (ISE) welcomed yesterday’s announcement by the Minister for Finance, Michael Noonan TD, to end stamp duty on the purchase of shares in Irish companies listed on the ISE’s Enterprise Securities Market (ESM). The exemption from 1% stamp duty comes into effect from 5 June and will reduce the cost for pension…
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