The Investment Association (IA) has today published a series of guidelines designed to ‘shine a light’ and address a number of concerns in the use of Last Look. These guidelines form part of the IA’s call for greater transparency in the use of Last Look, and seek to address concerns that it can negatively affect…
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The New Zealand's Financial Markets Authority (FMA) has announced that it is now open for applications from providers seeking to offer personalised financial advice to consumers through digital tools and platforms (so-called robo-advice). Digital advice is automated financial advice generated by computer program using algorithms which is usually delivered through a website or a software…
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Among the 82 responses made to the Autorité des marchés financiers (AMF)’ consultation, a large majority of respondents expressed support for setting up an appropriate legal framework for this new type of fundraising. The AMF Board informed that it has decided to continue work on definition of a specific legal framework for ICOs. In view…
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ASIC announced that it has permanently banned Brenton John Poynter of Baulkham Hills, NSW, from providing financial services. Mr Poynter was an authorised representative of Charter Financial Planning Ltd (Charter) from June 2010 to June 2016 and provided financial advice regarding superannuation products to a number of elderly clients. ASIC found that from January 2015…
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The Board of the International Organization of Securities Commissions (IOSCO) has proposed a guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process. Conflicts of interest and associated conduct risks stemming from the role of intermediaries can threaten the integrity and efficiency of…
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The Monetary Authority of Singapore (MAS) issued for consultation today proposed regulations to require the trading of over-the-counter (OTC) derivatives on organised markets, to help improve market transparency. This requirement will complete MAS’ implementation of the G20 OTC derivatives reforms. MAS proposes to impose obligations for the most globally-traded OTC derivatives, namely interest rate swaps…
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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 Chemmi Holdings t/a Max CFD. Chemmi Holdings t/a Max CFD is not authorised by the FCA but has been targeting people in the UK and is…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm TSB Wealth Advisory. 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 Conduct Authority (FCA) has today announced that it is seeking views on how technology can make it easier for firms to meet their regulatory reporting requirements and improve the quality of the information they provide. The FCA regularly explores how technology can make its regulations more efficient and reduce the regulatory burden on…
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The Commission de Surveillance du Secteur Financier (CSSF) has just issued a warning of the activities of an entity named VBM Capital Partners, operating at website: www.vbmcapitalpartners.com. The company claims to be established at 27 avenue Monterey, 2163 Luxembourg. The CSSF informs the public that VBM Capital Partners is unknown to it and that the…
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