FCA reviews effectiveness of UK primary capital markets LeapRate

February 14, 2017 BY Valentina Kirilova

FCA reviews effectiveness of UK primary capital markets

The Financial Conduct Authority (FCA) has today published a Discussion Paper which seeks feedback on how the UK primary capital markets can most effectively meet the needs of issuers and investors. The UK’s primary capital markets support the wider economy by bringing together investors seeking investment opportunities, and issuers wanting to access capital to finance…

February 14, 2017 BY Valentina Kirilova

ESMA writes to European Commission on MiFID II systematic internalisers operating broker crossing networks

The European Securities and Markets Authority (ESMA) has written to the European Commission to raise its concern over the potential establishment of networks of systematic internalisers (SIs) by investment firms to circumvent certain MIFID II obligations; in particular, the requirements for investment firms operating internal matching systems and executing client orders on a multilateral basis…

February 14, 2017 BY Valentina Kirilova

SFC withdraws Restriction Notice issued to a broker in connection with client’s suspected insider dealing

The Securities and Futures Commission (SFC) has withdrawn the Restriction Notice issued to Kingsway Financial Services Group Limited (KFS) in connection with a client account that holds proceeds of suspected insider dealing in the shares of TeleEye Holdings Limited. The withdrawal of the Restriction Notice came after the SFC obtained court orders to prevent dissipation…

February 14, 2017 BY Valentina Kirilova

Hong Kong SFC adds mhi-shipping.com to its alert list

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…

February 14, 2017 BY Valentina Kirilova

FCA warns on Jazz Loans 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 firm Jazz Loans. Jazz Loans is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

February 14, 2017 BY Valentina Kirilova

Singapore MAS announces changes to finance company regulations to enhance their ability to finance SMEs

The Monetary Authority of Singapore (MAS) announced some regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small and medium sized enterprises (SMEs). Relaxation of business restrictions with enhanced prudential standards Finance companies fill a useful niche in SME financing, complementing the role of banks. They often…

February 13, 2017 BY LeapRate Staff

FXCM settles on $650,000 CFTC fine for being undercapitalized after the Swiss Franc spike of January 2015

LeapRate Exclusive... LeapRate has learned from court documents that retail forex broker FXCM Inc (NASDAQ:FXCM), recently banned from the US forex market, has agreed to pay a $650,000 fine in settlement of charges that it was undercapitalized, and slow to report its capital position, in the wake of the January 15, 2015 spike in the value…

February 13, 2017 BY Valentina Kirilova

FCA warns on Wainscott Consulting Group 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 firm Wainscott Consulting Group. Wainscott Consulting Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

February 13, 2017 BY Valentina Kirilova

Dubai DFSA launches second consultation into crowdfunding framework to support SME financing

The Dubai Financial Services Authority (DFSA) has launched the next phase of consultations on its proposed framework for regulating crowdfunding platforms in the Dubai International Financial Centre (DIFC), with a paper detailing its approach to investment-based crowdfunding. The consultation is the second in a series of papers which outline the DFSA’s measures to support the…

February 13, 2017 BY Valentina Kirilova

HKFE announces revised margins for futures contracts

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has released a list of minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in these particular futures contracts. The information is with effect from the commencement of trading on Monday,…

Category: Financial Services