The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loans 4 All Needs. 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…
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The Commodity Futures Trading Commission (CFTC) on December 15, 2017 issued an order revoking the foreign board of trade (FBOT) registration of CME Europe Limited (CMEEL). Such registration permits an FBOT to allow identified members or other participants located in the United States to enter trades directly into the trade matching system of the FBOT.…
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The Hong Kong Securities and Futures Commission (SFC) today launched a two-month consultation on proposals to refine the over-the-counter (OTC) derivatives regime and to require licensed corporations to properly manage financial exposures to connected persons. In response to market comments, the SFC proposes to refine the scope of regulated activities (RAs) to provide more clarity…
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ESMA issued a public statement this morning to support the smooth introduction of the Legal Entity Identifier (LEI) requirements for MiFID II implementation. This statement outlines temporary measures in respect of LEI for clients that are legal persons, and LEI for issuers. FCA's complete response to ESMA's statement can be seen below: The FCA recognises the…
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The Autorité des marchés financiers (AMF) and the ACPR have published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the new website recently identified: www.edgecapitalfunds.com / EDGE CAPITAL FUND A list of all unauthorized websites to offer investments…
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The European Securities and Markets Authority (ESMA) has issued today a statement to support the smooth implementation of Legal Entity Identifiers (LEI) requirements under the Markets in Financial Instruments Regulation (MiFIR). MiFIR obliges EU investment firms to identify their clients that are legal persons with LEIs for the purpose of MiFID II transaction reporting. Trading…
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The Hong Kong Securities and Futures Commission (SFC) has publicly censured Zhang Qiang for acquiring shares within six months after the close of an offer at above the offer price in breach of Rule 31.3 of the Takeovers Code (the Rule prohibits an offerer and its concert parties from buying shares at prices higher than…
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The Monetary Authority of Singapore (MAS) announced today that it has issued a lifetime Prohibition Order (PO) against Mr Yeo Jiawei and a 3-year PO against Mr Kevin Scully. Both POs take effect from 18 December 2017. MAS had earlier served notices of intention to issue POs against Mr Yeo and Mr Scully in October…
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The National Securities Market Commission (CNMV) announced that it has approved a new Circular on the disclosure obligations of investment firms (IFs) regarding corporate governance and remuneration policy through their websites. The new Circular defines the obligations of IFs in terms of disclosure through their websites in relation to corporate governance and remuneration established in…
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The French regulator AMF (Autorité des marchés financiers) warned against the activities of the company International Markets Live LTD (IMarketsLive), which offers investors, more specifically targeting very young people, including high school students, subscriptions to various training courses and software solutions designed to help investors to trade on the foreign exchange (Forex) market. The company…
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