Category: Regulation

Thomson Reuters (NYSE:TRI)
January 11, 2018 BY Valentina Kirilova

Thomson Reuters goes live with key MiFID II services

Information giant Thomson Reuters (NYSE:TRI) announced that it has successfully gone live with its key MiFID II services, helping the financial services industry meet the new regulatory requirements. The new services are part of Thomson Reuters commitment to providing a comprehensive suite of solutions to assist the financial services industry with ensuring ongoing compliance with MiFID…

Read more
ESMA ceases renewal of product intervention CFDs measures
January 10, 2018 BY Valentina Kirilova

ESMA delays publication of double volume cap data

The European Securities and Markets Authority (ESMA) announced that it has decided to delay the publication of the data on the double volume cap (DVC) mechanism for January 2018. The current quality and completeness of the data does not allow for a sufficiently meaningful and comprehensive publication of double volume cap calculations, as required under…

Read more
warning
January 10, 2018 BY Valentina Kirilova

NSSC issues a cease trade order against West Nova Agro Commodities Ltd

The Nova Scotia Securities Commission (NSSC) announced that it has issued a cease trade order against West Nova Agro Commodities Ltd. According to NSSC, the company, a Nova Scotia community economic development corporation, violated securities laws by failing to file continuous disclosure documents. The director of corporate finance ordered West Nova Agro Commodities Ltd. to…

Read more
Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
January 09, 2018 BY Valentina Kirilova

ESMA publishes first MiFID II position management controls for commodity derivatives

The European Securities and Markets Authority (ESMA) has issued today a first badge of position management controls under the Markets in Financial Instruments Directive (MiFID II). MiFID II requires Member States to ensure that an investment firm or a market operator operating a trading venue which trades commodity derivatives apply position management controls. Investment firms or…

Read more
FINRA's 2018 volume tops 2017 activity by 87%
January 09, 2018 BY Valentina Kirilova

FINRA releases 2018 Regulatory and Exam Priorities

The Financial Industry Regulatory Authority (FINRA) today released its 2018 Regulatory and Examination Priorities Letter, highlighting topics that FINRA will focus on in the coming year, including new and ongoing areas of focus. The Priorities Letter – alongside FINRA’s 2017 Examination Findings Report – serves as a resource for broker-dealers to enhance their compliance, supervisory…

Read more
clone firm FCA warning
January 08, 2018 BY Valentina Kirilova

FCA warns against Wageme clone firm

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

Read more
CySEC
January 08, 2018 BY Valentina Kirilova

CySEC renews the registrations in the Public Register of Certified Persons

The Cyprus Securities and Exchange Commission (CySEC) has just mde an announcement regarding the renewal of the registrations in the Public Register of Certified Persons (the “public register”). The complete text of CySEC's announcement can be seen below: A. Renewal Process In accordance with the Paragraph 17(1) of the Directive regarding the Certification of Persons…

Read more
cnmv spain forex regulation
January 08, 2018 BY Valentina Kirilova

CNMV enables a channel for reporting infringements

The National Securities Market Commission (CNMV) informed that it has opened a communication channel for possible infringements that guarantees the protection of the informer and the quality of the information received. The function of this tool, which is already available on the CNMV website, is to facilitate the reception of communications from people who have…

Read more
CFTC offices
January 08, 2018 BY Valentina Kirilova

CFTC issues no-action relief to futures commission merchants

The Commodity Futures Trading Commission (CFTC)’s Division of Swap Dealer and Intermediary Oversight announced that it has issued no-action relief to registered futures commission merchants and introducing brokers to exclude deferred tax liabilities that are directly related to the capitalized costs of certain non-allowable assets when computing their adjusted net capital under Regulation 1.17. The…

Read more
January 08, 2018 BY Valentina Kirilova

France's AMF and FranceAgriMer sign an agreement to facilitate the exchange of economic information

The French regulator AMF and FranceAgriMer announced that have signed an agreement aimed at strengthening their cooperation to enable the AMF to more effectively perform its new duties in relation to agricultural commodity derivatives markets and FranceAgriMer to fulfil its role of understanding and organizing such markets. Following the 2007-2008 economic crisis, the regulatory framework…

Read more