Category: Regulation

April 27, 2018 BY Valentina Kirilova

Canadian securities regulators publish IIROC oversight review report

The Canadian Securities Administrators (CSA) has informed that it has released the Oversight Review Report of the Investment Industry Regulatory Organization of Canada (IIROC). The report evaluates whether specific regulatory processes were effective, efficient, and were applied consistently and fairly, and whether IIROC complied with the terms and conditions of its Recognition Orders. IIROC is…

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April 26, 2018 BY Valentina Kirilova

Russia's NSD receives status of authorized depository of Belarus

National Settlement Depository (NSD), Russia’s central securities depository, has announced that it has just received the status of authorized depository of Belarus which allows NSD to record the rights to government securities issued by the Ministry of Finance (on behalf of the Republic of Belarus). Prior to now, NSD clients could accept for custody and…

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April 26, 2018 BY Valentina Kirilova

FCA warns against Money Financers 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 Money Financers. Money Financers 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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April 26, 2018 BY Valentina Kirilova

ASIC releases guidance on AFS licensing exemption for tax and BAS agents

The Australian Securities and Investments Commission (ASIC) has announced that it has updated its guidance for accountants who provide services on self-managed superannuation funds (SMSFs) to cover the exemption from the Australian Financial Services (AFS) licensing requirements for tax and BAS agents. The guidance was developed in conjunction with the Tax Practitioners Board and is…

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April 25, 2018 BY Valentina Kirilova

FCA warns against Max Montgomerie Debt Recovery & Investigations 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 Max Montgomerie Debt Recovery & Investigations. Max Montgomerie Debt Recovery & Investigations is not authorised by the FCA but has been targeting people in the UK…

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April 24, 2018 BY Valentina Kirilova

Brexit: What does it mean for financial markets to be open?

Andrew Bailey, Chief Executive of the UK's Financial Conduct Authority (FCA) has today given a speech at the City Week ‘The International Financial Services Forum’, Guildhall, London, regarding Brexit, UK and EU authorities, and more. Highlights of it include: Now is the time for the UK and EU authorities to come together and work on…

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April 24, 2018 BY Valentina Kirilova

FCA warns against Reyker Securities clone firm

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

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April 24, 2018 BY Valentina Kirilova

FCA warns against Capzone Invest Ltd t/a HQ Broker

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 Capzone Invest Ltd t/a HQ Broker. Capzone Invest Ltd t/a HQ Broker is not authorised by the FCA but has been targeting people in the UK…

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April 24, 2018 BY Valentina Kirilova

Belize regulator IFSC warns against GNT Group Limited

Belize financial regulator IFSC has issued a Warning Notice regarding a company called GNT Group Limited. The entity is not licensed under the IFSC Act to provide, carry on, transact, or hold himself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the IFSC…

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