AMF publishes a new stocktaking of practices in the collective investment industry LeapRate

French AMF warns against unauthorized companies proposing atypical investments

December 08, 2017 BY Valentina Kirilova

AMF publishes a new stocktaking of practices in the collective investment industry

Since publishing its first SRI report in 2015, the Autorité des Marchés Financiers (AMF) has noted an improvement in investor disclosures and is issuing new recommendations. The regulator has also prepared a first assessment of application by management companies of the Energy Transition for Green Growth Act. After conducting a first review in 2015 of…

December 08, 2017 BY Valentina Kirilova

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

December 08, 2017 BY Valentina Kirilova

ASIC cancels AFS license of Michael James Haley

The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services (AFS) license of Michael James Haley after finding he has ceased to carry on a financial services business. Mr Haley's AFS license cancellation became effective on 1 November 2017. ASIC may suspend or cancel an AFS license, by giving written notice, if…

December 07, 2017 BY Valentina Kirilova

ASIC updates Guidance on Conflicted Remuneration

ASIC informed that it has updated its guidance on conflicted remuneration to more closely reflect a range of regulatory changes since the guide was issued in 2013. The updated Regulatory Guide 246 Conflicted and other banned remuneration (RG 246), previously titled Conflicted remuneration) now includes guidance on the operation of the incoming life insurance remuneration…

December 07, 2017 BY Valentina Kirilova

Less than 30 days to go and over a third of UK financial organisations unprepared for MiFID II

With less than 30 days to go before the upcoming MiFID II legislation comes into force on 3 January 2018, latest research has found that a shocking 39% of UK financial organisations are unaware whether their organisation is compliant or not. A quarter confirmed that they are not yet compliant with recording technology and 29%…

BNP Paribas selects Earthport for cross-border payments

December 06, 2017 BY LeapRate Staff

NFA doubles its assessment fee on futures and options contracts

The National Futures Association (NFA) has announced that effective January 1, 2018, the NFA's assessment fee will increase from $0.01 per side to $0.02 per side, for futures and options contracts. The decision to increase the assessment fee was made after a thorough review of all relevant issues by NFA's Board, Executive Committee and Finance Committee.…

December 06, 2017 BY Valentina Kirilova

ASIC reports on decisions to cut red tape

ASIC has released its latest report outlining decisions on relief applications, highlighting ASIC’s efforts to reduce red-tape and achieve a practical, positive outcome for companies seeking some regulatory flexibility. These reports aim to provide transparency about our decision making and to better inform businesses about the circumstances in which we grant relief. Report 556 Overview…

December 06, 2017 BY Valentina Kirilova

ASIC permanently bans directors of Found Financial for dishonest and deceptive conduct

The Australian Securities and Investments Commission (ASIC) announced that it has permanently banned Matthew Manson Wallis and Rochelle Roanna Manoharan from providing financial services. Mr Wallis and Ms Manoharan are directors of Found Financial Services Pty Ltd (Found Financial), which is a former Corporate Authorised Representative of RI Advice Group Pty Ltd (RI Advice). ASIC…

December 06, 2017 BY Valentina Kirilova

Canadian regulator BCSC warns against Asia & Pacific Holdings Inc.

Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List the company Asia & Pacific Holdings Inc. Asia & Pacific Holdings Inc. (the Company) claimed to be an investment firm with offices in Hong Kong, Japan and Vancouver, British Columbia (BC). Asia & Pacific Holdings Inc. Website: www.asiapacificholdingsinc.com Address:…

December 05, 2017 BY LeapRate Staff

SEC pays company insider $4 million for Whistleblower tip bringing total awards to $179 million

The U.S. Securities and Exchange Commission (SEC) has announced an award of more than $4.1 million to a former company insider who alerted the agency to a widespread, multi-year securities law violation and continued to provide important information and assistance throughout the SEC’s investigation. The whistleblower is the third awarded by the SEC in the past week.…

Category: Regulation

AMF publishes a new stocktaking of practices in the collective investment industry

FCA warns against Asset Link International firm

ASIC cancels AFS license of Michael James Haley

ASIC updates Guidance on Conflicted Remuneration

Less than 30 days to go and over a third of UK financial organisations unprepared for MiFID II

NFA doubles its assessment fee on futures and options contracts

ASIC reports on decisions to cut red tape

ASIC permanently bans directors of Found Financial for dishonest and deceptive conduct

Canadian regulator BCSC warns against Asia & Pacific Holdings Inc.

SEC pays company insider $4 million for Whistleblower tip bringing total awards to $179 million

First Southern Fined $250,000 by FINRA Over Compliance Failures

Daman Markets Unveils Dirham-Based UAE Stock Trading

HSBC Continental Europe to Sell French Portfolio of Home and Other Retail Loans

Euroclear’s Q2 Business Income Strong, But ‘Marked by Volatility’

Citi and Ant International Pilot AI-Enabled Forecasting Solution