The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) today issued a no-action letter extending the relief provided to the Shanghai Clearing House (SHCH) in CFTC Letter 16-56, which expires May 31, 2017. The extension will last until the earlier of November 30, 2017 or the date on which the CFTC…
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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 Dutch Authority for the Financial Markets (AFM) issued a warning to consumers regarding the business practices of Florijn Duurzaam Wonen B.V. Florijn Duurzaam Wonen offers bonds in the Netherlands. Based on information on its website, the AFM suspects that Florijn Duurzaam Wonen is providing false information to consumers when offering these securities. Florijn Duurzaam…
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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 Finance Active UK Limited. Finance Active UK Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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Following an application by ASIC, the Supreme Court of NSW has made orders, by consent, for the winding up of Courtenay House Capital Trading Group Pty Ltd and Courtenay House Pty Ltd (Courtenay House companies) and the appointment of Said Jahani and John McInerney, of Grant Thornton, as joint liquidators to both companies. ASIC sought…
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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 Security Capital Consultants. Security Capital Consultants is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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On 11 May 2017, AlfaStrakhovanie was admitted to trading on Moscow Exchange (MOEX)'s FX Market and executed its first FX trades. AlfaStrakhovanie is the first insurance company to gain direct access to on-exchange foreign currency trading. Igor Marich, Managing Director of the FX and Money Markets at Moscow Exchange, said: It is a current global…
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The People's Bank of China (PBC) and the Hong Kong Monetary Authority (HKMA) today jointly announced plans to establish a mutual market access scheme to connect the Mainland China and Hong Kong bond markets (Bond Connect). Through the bridging of related Mainland and Hong Kong financial infrastructure institutions, investors in one market will be able…
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Abu Dhabi Securities Exchange (ADX) announced that has granted SHUAA Capital International Ltd. (a subsidiary of SHUAA Capital) a license to serve as Market Maker on the Exchange. The number of registered Market Makers on ADX has now reached three, including National Bank of Abu Dhabi and Al-Ramz Capital. The announcement came during an event…
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The Securities and Exchange Commission (SEC) announced that Robert B. Stebbins has been named General Counsel of the agency. The General Counsel is the chief legal officer of the agency, providing a variety of legal services to the Commission and staff. Bob is an exceptional attorney and counselor, and I know his depth of knowledge…
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