Category: Regulation

May 15, 2018 BY Valentina Kirilova

ASIC consults on code of ethics compliance schemes for financial advisers

The Australian Securities and Investments Commission (ASIC) announced that it has released a consultation paper outlining its proposed approach to approving and overseeing compliance schemes for financial advisers. Incoming training and education requirements for financial advisers include obligations to comply with a code of ethics that is being developed by the Financial Adviser Standards and…

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May 15, 2018 BY Valentina Kirilova

FCA warns against Gpay Limited trading as Cryptopoint

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 company Gpay Limited trading as Cryptopoint. Gpay Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on…

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May 15, 2018 BY Valentina Kirilova

FCA warns against Consultancy Ltd t/a Stratx Markets

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 company Consultancy Ltd t/a Stratx Markets. Consultancy Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on…

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May 14, 2018 BY Valentina Kirilova

FCA warns against XFR Financial 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 company XFR Financial. XFR Financial is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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May 14, 2018 BY Valentina Kirilova

BCBS and IOSCO issue the shortterm STC criteria

The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) have today issued the Criteria for identifying simple, transparent and comparable short-term securitisations (the shortterm STC criteria). The short-term STC criteria aim to assist the financial industry in its development of simple, transparent and comparable short-term securitisations. The criteria maintain…

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May 14, 2018 BY Valentina Kirilova

FCA warns against SolidCFD 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 company SolidCFD. SolidCFD is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

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May 14, 2018 BY Valentina Kirilova

ASIC consults on short selling proposals

Australia regulator ASIC announced that it is seeking feedback on various proposals relating to both naked and covered short selling. ASIC’s public consultation coincides with the sunsetting of a number of related class orders, providing an opportunity to review our regulatory approach to short selling. grant legislative relief to allow market makers of certain exchange-traded…

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May 11, 2018 BY Valentina Kirilova

FCA warns against CreditMyFunds clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm CreditMyFunds. 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 scam…

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May 11, 2018 BY Valentina Kirilova

New Zealand FMA warns against Managed Forex Hub Limited

The Financial Markets Authority (FMA) has just issued a formal warning to Andrew James Sturge, the sole director and shareholder of Managed Forex Hub Limited (Company Number: 4599319 – removed on 15 December 2017) (MFH), under s 9 of the Financial Markets Authority Act 2011. The complete warning can be seen below: On 12 September…

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May 10, 2018 BY Valentina Kirilova

FCA warns against Royal Capital Pro 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 company Royal Capital Pro. Royal Capital Pro is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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