Category: Regulation

January 03, 2018 BY Valentina Kirilova

Europex enters into application of MiFID II / MiFIR

Europex' announcement about the entry into application of the revised Markets in Financial Instruments Directive (MiFID II) and its accompanying Regulation (MiFIR) marks a major milestone in European energy commodity trading. The great majority of gas and electricity derivative contracts as well as all EU ETS emission allowances are now classified as financial instruments –…

Read more
Belize FX regulation
January 03, 2018 BY Valentina Kirilova

Icon Markets Limited no longer licensed by Belize regulator IFSC

Belize financial regulator IFSC announced that the company Icon Markets Limited of license number IFSC/60/461 is no longer licensed by the regulator, with effect from January 1, 2018, for trading in financial and commodity-based derivative instruments and other securities or to engage in any other International Financial Services. Icon Markets Limited's domain names are www.hedgestonegroup.com,…

Read more
clone firm FCA warning
January 03, 2018 BY Valentina Kirilova

FCA warns against Trustee Credit Savings Bank clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Trustee Credit Savings Bank. 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…

Read more
clone firm FCA warning
December 29, 2017 BY Valentina Kirilova

FCA warns against Vanguard Asset Management clone firm

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

Read more
Regulation
December 29, 2017 BY Valentina Kirilova

France's AMF consults on amendments to its General Regulation with regard to central securities depositories

Taking into account the European Regulation on central securities depositories, the Autorité des marchés financiers (AMF) announced that it is launching a public consultation until 28 February 2018 on amendments to Book V of its General Regulation, on market infrastructures. Adopted in July 2014, the European Regulation on improving securities settlement in the European Union…

Read more
NSD and Interfax launch Single Disclosure Window product
December 28, 2017 BY Valentina Kirilova

National Settlement Depository begins assigning Financial Instrument Short Names

National Settlement Depository (NSD), acting in compliance with ISO 18774, announced that it has started assigning FISNs (Financial Instrument Short Names) to securities and related financial instruments. ISO 18774 is an international standard which establishes a universal approach to reflecting the short descriptions of financial instruments based on unified rules and format. FISN is one…

Read more
Spanish Stock Market BME Bolsa de Madrid
December 27, 2017 BY Valentina Kirilova

Spanish regulator CNMV approves BME as APA and ARM

BME Regulatory Services announced today that it has received authorisation from the Spanish securities market regulator, Comisión Nacional del Mercado de Valores (CNMV), to provide Approved Publication Arrangement (APA) and Approved Reporting Mechanism (ARM) services in compliance with MiFID II and MiFIR requirements, which will come into force on 3rd January 2018. As an APA,…

Read more
Hong Kong SFC
December 27, 2017 BY Valentina Kirilova

Court allows SFC’s appeal in illegal short selling case

The Court of First Instance informed that it has allowed the Hong Kong Securities and Futures Commission’s (SFC) appeal against the acquittal of Mr Wong Hung of illegal short selling and ordered that the case be remitted back to the Magistrates’ Court for a re-trial. In May 2014, the Eastern Magistrates’ Court acquitted Wong on…

Read more