The French Autorité des Marchés Financiers (AMF) has informed that it amends its General Regulation and publishes an instruction following the entry into force of the new Prospectus Regulation. The national threshold above which a securities offering requires a prospectus has been raised to EUR 8 million. The implementation of this threshold on 21 July…
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The Financial Markets Authority (FMA) has just issued a warning against a company called Taylor, Hodgson and Associates. Taylor, Hodgson and Associates Website: www.taylorhodgson.com Address: 85 Ghuznee Street, Te Aro, Wellington, 6012 Phone: +64 4 888 1307 Email: [email protected] Reason for warning: Taylor, Hodgson and Associates is not a registered New Zealand Company and is…
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The Malta Financial Services Authority (MFSA) has just informed that it has become aware of an entity calling itself FXenergy and utilizing the website https://www.fxenergytrade.com/#/. FXenergy fraudulently claims to be regulated and licenced by the MFSA under the purported license number 5651919008284 to provide investment services. FXenergy is not a Maltese entity, it is not…
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LCH Ltd (LCH), a global clearing house, has today confirmed its commitment to the FX Global Code and the UK Money Markets Code. The FX Global Code is a set of global principles of good practice in the foreign exchange market, and the UK Money Markets Code sets out the standards and best practice expected…
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The Financial Markets Authority (FMA) has just issued a warning against a company called Roiteks (otherwise known as Green Oak Limited). Roiteks is operating via the website www.roiteks.com and is not registered on the Financial Service Providers Register to provide financial services in New Zealand. The regulator considers that the operations of the entity bear…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm General Asset Management. 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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The Financial Markets Authority (FMA) has just issued a warning against a company called Prosperous International Limited, operating at website www.forexnz.co.nz. Prosperous International Limited is not registered on the Financial Service Providers Register to provide financial services in New Zealand. Their customers will not have access to a Dispute Resolution Scheme. Therefore the regulator has…
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Cyprus financial regulator CySEC has suspended the CIF license of Limassol-based FX broker IGM Forex. CySEC stated that its decision to suspend IGM Forex was based on suspected violations of rules regarding the company's own funds, and the company's capital adequacy ratio. The full text of the CySEC notice follows: 20 July 2018 CYSEC Decision…
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The Canadian Securities Administrators (CSA) has published Staff Notice 51-355 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2018 and March 31, 2017, a biennial report that summarizes CSA staff’s ongoing review of reporting issuers’ (issuers) continuous disclosure and highlights common deficiencies and best practices. Among other issues, we continue to…
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The Commodity Futures Trading Commission (CFTC) has unanimously approved an order that allows registered derivatives clearing organizations (DCOs) to invest customer euro cash in French and German sovereign debt. Allowing DCOs to invest customer euro cash in high-quality European sovereign debt poses less risk than the current practice of holding customer euro cash at commercial…
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