Blackwell Global Hong Kong acquires new SFC asset management license LeapRate

January 23, 2018 BY Valentina Kirilova

Blackwell Global Hong Kong acquires new SFC asset management license

Blackwell Global Hong Kong announced today the acquisition of the Hong Kong Securities and Futures Commission asset management license (SFC Type 9 License No. BJU094). Having built a wealth of resources and established market advantage through the Blackwell Global Group’s presence in multinational financial centers, the company is able to provide a wider range of…

January 22, 2018 BY Valentina Kirilova

FCA to give more small businesses access to the Financial Ombudsman Service

The Financial Conduct Authority (FCA) has today launched a consultation on plans to give more small businesses access to the Financial Ombudsman Service (the Ombudsman). This follows a review of the protections available to small and medium sized enterprises (SMEs) as users of financial services. At the moment only individual consumers and around 5.5 million…

January 22, 2018 BY Valentina Kirilova

Hong Kong SFC bans a former investment counsellor of DBS Bank

The Securities and Futures Commission (SFC) announced that it has banned Mr Chan Wai Nun, a former investment counsellor of DBS Bank (Hong Kong) Limited (DBSHK), from re-entering the industry for six months from 19 January 2018 to 18 July 2018 for transferring client data out of DBSHK prior to his departure from DBSHK to…

January 22, 2018 BY Valentina Kirilova

Canadian regulator NSSC introduces new Investor Alert Database

The Nova Scotia Securities Commission (NSSC) informed that it is making it easier for investors to find out if those “latest and greatest” investment opportunities are potentially scams. The commission has a new Investor Alert Database on its website. Investor alerts are published by the Commission to warn of unlawful investment raising schemes that the…

January 22, 2018 BY Valentina Kirilova

FCA warns against EJS Gesrion D’actifs / EJS Placements Financiers clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm EJS Gesrion D’actifs / EJS Placements Financiers. 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…

January 19, 2018 BY Valentina Kirilova

Hong Kong SFC proposes amendments to takeovers rules

The Securities and Futures Commission (SFC) informed that it has today launched a three-month consultation on proposed amendments to the Codes on Takeovers and Mergers and Share Buy-backs (Codes). Key proposals enhance investor protection by increasing the voting approval threshold for whitewash waivers to 75% of independent shareholders and empowering the Takeovers Panel to require…

New BIS report cites “internalization” by large banks for 7% volume drop

January 19, 2018 BY Valentina Kirilova

IIROC releases latest Compliance Priorities Report

The Investment Industry Regulatory Organization of Canada (IIROC) today published its annual Compliance Priorities Report, highlighting the past year's compliance and registration achievements and areas of focus for the year ahead. IIROC protects investors and the integrity of Canadian markets by setting and upholding high regulatory standards," says Victoria Pinnington, Senior Vice-President, Market Regulation and…

January 18, 2018 BY Valentina Kirilova

CySEC temporary pauses its certification examinations

The Cyprus Securities and Exchange Commission (CySEC) just announced that, no certification examinations (advanced or basic) will be carried out during February and March 2018, due to the up-date of the examination material, in the light of the new Investment Services and Activities and Regulated Markets Law of 2017. The current examination material will be…

January 17, 2018 BY Valentina Kirilova

FCA warns against Prime Admin Services 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 Prime Admin Services. Prime Admin Services is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

January 17, 2018 BY Valentina Kirilova

FCA warns against Karel Besta / KB Financial Solutions clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Karel Besta / KB Financial Solutions. 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…

Category: Regulation