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 Global Attorney Services Boston. Global Attorney Services Boston is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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The Autorité des Marchés Financiers (AMF) announced that wants to update its policy to reflect the rapid growth in exchange-traded funds (ETFs) and is submitting three proposed amendments to public consultation. This consultation will remain open for a period of two months and will end on 24 May 2017. ETFs have experienced explosive growth in…
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Aumann AG (ISIN: DE000A2DAM03) was listed in the Prime Standard of the Frankfurt Stock Exchange today, Deutsche Börse just announced. The placement volume of the company was around €250 million. The initial listing price was €48.20; the issue price €42.00. Berenberg, Citigroup and Hauck & Aufhäuser led the IPO. Berenberg is also the designated sponsor…
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Hong Kong Exchanges and Clearing Limited (HKEX) announced that will introduce 5-year China Ministry of Finance Treasury Bond (MOF T-Bond) Futures on Monday, 10 April 2017. HKEX’s MOF T-Bond Futures will be the offshore markets’ first futures on domestic Chinese government bonds. HKEX is introducing the new futures to meet international investors’ growing demand for…
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The number of complaints regulators have received in the first half of 2016 by financial consumers has increased, the European Securities and Markets Authority (ESMA) says. ESMA’s recent report on trends, risks and vulnerabilities (TRV) reveals that the total number of complaints reported across the EU was 7,026 in 1H16 compared to 5,152 in 2H15.…
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The Securities and Futures Commission (SFC) has resolved its concerns with Merrill Lynch Far East Limited (MLFE) and Merrill Lynch (Asia Pacific) Limited (MLAP) over internal control failures. Under the resolution, the SFC reprimanded and fined them a total of $15 million for breaches of the Code of Conduct and the Internal Control Guidelines. In…
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Euronext and Vigeo Eiris today launched the CAC 40® Governance Index, a thematic index that rates companies in the Paris market’s benchmark CAC 40 index on their corporate governance performance. The CAC 40® Governance Index takes the constituent stocks of the CAC 40 index and weights the components based on their corporate governance score, using…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Liberty Specialty Markets/ Liberty Corporate Capital Markets. 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…
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ASIC has cancelled the Australian financial services (AFS) licences of Rebate Financial Services Pty Ltd and Capstone Capital Pty Ltd for failing to comply with a number of their key obligations as financial services licensees. In particular, ASIC has found that the two licensees failed to: lodge annual financial statements and auditor's reports; and maintain…
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The European Securities and Markets Authority (ESMA) has issued final reports on two sets of guidelines regarding the implementation of the Central Securities Depositary Regulation (CSDR). The CSDR harmonises the settlement of securities by providing a set of common requirements for central securities depositories (CSDs) operating securities settlement systems. SMA’s guidelines, which complement the CSDR…
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