Category: Regulation

IOSCO issues statement on liquidity risk management recommendations for investment funds
February 21, 2018 BY Valentina Kirilova

IOSCO consults on guidance to address conflicts of interest in the equity capital raising process

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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February 21, 2018 BY Valentina Kirilova

MAS consults on regulations to require OTC derivatives to be traded on organised markets

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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FCA warning
February 21, 2018 BY Valentina Kirilova

FCA warns against Chemmi Holdings t/a Max CFD

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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clone firm FCA warning
February 20, 2018 BY Valentina Kirilova

FCA warns against TSB Wealth Advisory clone firm

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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cssf warning
February 20, 2018 BY Valentina Kirilova

Luxembourg regulator CSSF warns against VBM Capital Partners

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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ASIC office
February 20, 2018 BY Valentina Kirilova

ASIC accepts enforceable undertakings from two directors

ASIC announced that it has accepted enforceable undertakings (EUs) from Sydney-based directors Frank Tearle and Justin Epstein following an investigation of their conduct over an application for an Australian financial services (AFS) license. Mr Tearle and Mr Epstein were directors of both One Investment Services Pty Ltd (OIS) and a related entity One Investment Group…

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cssf warning
February 19, 2018 BY Valentina Kirilova

Luxembourg regulator CSSF warns against United Capital Group

The Commission de Surveillance du Secteur Financier (CSSF) has just issued a warning of the activities of an entity named United Capital Group which claims, on the website www.ucgtrust.com. The company claims that its address is 7 rue Robert Stumper, 1882 Luxembourg and that it is authorised and supervised by the Commission de Surveillance du…

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