Category: Regulation

November 25, 2017 BY Valentina Kirilova

TMX Group provides update regarding regulatory engagement

TMX Group (TSX:X), owner and operator of CDS, Canada's equities and fixed income clearing house, has today provided an update on the engagement with the Canadian Securities Administrators (CSA), an umbrella organization of Canada's provincial and territorial securities regulators, regarding the clearing of securities of issuers with marijuana-related activities in the U.S. Details can be…

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fca warning
November 23, 2017 BY Valentina Kirilova

FCA warns against MBQ International Incorporated 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 firm MBQ International Incorporated. MBQ International Incorporated is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
November 23, 2017 BY Valentina Kirilova

IOSCO Good Practices for the Termination of Investment Funds seek to protect investors

The Board of the International Organization of Securities Commissions (IOSCO) has today published 14 good practices on the voluntary termination of investment funds that seek to protect investors’ interests during the termination process. In its final report titled IOSCO Report on Good Practices for the Termination of Investment Funds, IOSCO highlights the importance for investment…

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cysec cif licence suspension
November 23, 2017 BY Valentina Kirilova

CySEC to suspend its Fast Track Examination CIF licensing scheme

The Cyprus Securities and Exchange Commission (CySEC) has just informed that it decided to suspend the ‘fast track’ examination scheme (the ‘Scheme’) for the assessment of applications for granting a Cyprus Investment Firm authorisation in accordance with Section 21 of the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). The CySEC…

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WFE World Federation of Exchanges
November 22, 2017 BY Valentina Kirilova

WFE publishes position paper on international regulatory dissonance

The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, has today published a position paper discussing the implications of international regulatory dissonance, supported by a series of policy recommendations to promote better regulatory coherence. ​Despite efforts to coordinate post-crisis financial regulatory reforms at the G20 level,…

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fca warning
November 22, 2017 BY Valentina Kirilova

FCA warns against fake regulator Federal Financial Regulatory Board

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 fake regulator Federal Financial Regulatory Board. Federal Financial Regulatory Board is not authorised by the FCA but has been targeting people in the UK and is also…

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asic afs license
November 22, 2017 BY Valentina Kirilova

ASIC cancels AFS license of Financial Stewards Pty Ltd

ASIC informed that it has cancelled the Australian financial services (AFS) license of Financial Stewards Pty Ltd (Financial Stewards) for failing to co-operate with an ASIC surveillance. ASIC issued two compulsory notices to Financial Stewards as part of a surveillance. Financial Stewards failed to respond to the Notices or to ASIC's correspondence. In addition, ASIC…

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