Category: Regulation

Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
November 14, 2017 BY Valentina Kirilova

ESMA updates Q&A on MiFIR data reporting

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding data reporting under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). The purpose of this document is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR in relation to regulatory…

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November 13, 2017 BY Valentina Kirilova

AFME and IA publish updated Equities Electronic Trading Questionnaire ready for MiFID II

The Association for Financial Markets in Europe (AFME) and the Investment Association (IA) have today published an updated version of the Equities Electronic Order Handling Questionnaire incorporating the obligations and requirements set out under MiFID II. The initiative, which was originally launched in March 2016, establishes a common framework for buy-side clients to request information…

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clone firm FCA warning
November 10, 2017 BY Valentina Kirilova

FCA warns against iCash Loans clone firm

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

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Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
November 10, 2017 BY Valentina Kirilova

ESMA updates its Q&As on MiFID II/MiFIR investor protection topics

The European Securities and Markets Authority (ESMA) informed that it has added 4 new Q&As to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The new Q&As cover the topics of post-sale reporting, record keeping, and inducements. The…

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November 10, 2017 BY Valentina Kirilova

Duff & Phelps statement on FCA investigation into CFM

The Liquidators of the Connaught Fund have made the following comments on the announcement this morning that the FCA has arrived at the conclusion of its investigation on the conduct of CFM and that as a consequence of censure, a further sum of up to £66m is to be distributed to investors in the Fund.…

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November 10, 2017 BY Valentina Kirilova

Binary Options broker Dragon Options renounces CySEC CIF license

The Cyprus Securities and Exchange Commission (CySEC) announced that, on 6th November 2017, the CIF Dragon Options Ltd (‘the Company’) has renounced its authorisation, pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the CIF authorisation with Νumber 223/14 lapsed as from…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
November 09, 2017 BY Valentina Kirilova

IOSCO on implementation of G20/FSB recommendations to strengthen securities markets

The Board of the International Organization of Securities Commissions (IOSCO) has published a report on the implementation of the G20/FSB post-crisis recommendations aimed at strengthening securities markets. The Implementation Report: G20/FSB Recommendations related to Securities Markets was prepared by IOSCO’s Assessment Committee and is designed to provide further clarity on the recommendations and the role…

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