Category: Regulation

December 01, 2017 BY Valentina Kirilova

MAS to strengthen the process of determining SGS and MAS Bills closing prices

The Monetary Authority of Singapore (MAS) today published a consultation paper proposing a framework to strengthen the process of determining Singapore Government Securities (SGS) and MAS Bills end-of-day prices (Closing Prices). This is in line with MAS’ broader efforts to enhance the integrity of the processes for setting financial benchmarks. As of end October 2017,…

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Concorde Investments CySEC
November 30, 2017 BY LeapRate Staff

CySEC withdraws CIF license suspension of Concorde Investments (Cyprus) Ltd

Cyprus financial regulators the Cyprus Securities and Exchange Commission (CySEC)has announced that, further to its Decision published on 11 October 2017, informs the public that, at its meeting dated 27 November 2017, it has decided to withdraw the suspension of the authorisation of the Cyprus Investment Firm Concorde Investments (Cyprus) Ltd (‘the Company’), number 189/13,…

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ASIC applauds the enactment of stronger whistleblowing laws
November 30, 2017 BY LeapRate Staff

SEC whistleblower awards top $175 million after latest $16 million payment

The U.S. Securities and Exchange Commission (SEC) has announced awards of more than $8 million each to two whistleblowers whose critical information and continuing assistance helped the agency bring the successful underlying enforcement action. With this case, SEC enforcement actions involving whistleblower awards have now resulted in more than $1 billion in financial remedies ordered…

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CFTC offices
November 30, 2017 BY Valentina Kirilova

CFTC extends swap data reporting relief for certain swap dealers

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today extended relief it provided certain CFTC-registered swap dealers (SD) and major swap participants (MSP) in November 2016. Today’s relief, announced in a no-action letter, states that the Division will not recommend that the CFTC take an enforcement action against a non-U.S. SD or…

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November 30, 2017 BY Valentina Kirilova

BoE and FCA launch next phase of Sterling Libor transition work

The Bank of England and the Financial Conduct Authority (FCA) announced the next phase of work with market participants on Libor transition. From January 2018, the market-led Working Group on Sterling Risk-Free Rates will have an extended mandate and broader participation. The Working Group’s new mandate will be to catalyse a broad-based transition to SONIA over…

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November 30, 2017 BY Valentina Kirilova

BaFin approves Deutsche Börse as ARM and APA

Germany financial regulator BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht / German Federal Financial Supervisory Authority) has determined that Deutsche Börse AG’s ARM (Approved Reporting Mechanism) and APA (Approved Publication Arrangement) services are compliant with all relevant MiFID II requirements. Based on this regulatory approval, Deutsche Börse’s Regulatory Reporting Hub (RRH) will offer ARM and APA services as…

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Hong Kong SFC
November 30, 2017 BY Valentina Kirilova

SFC announces Investor ID for Northbound trading under Stock Connect

The Hong Kong Securities and Futures Commission (SFC) today announced that it has reached an agreement with the China Securities Regulatory Commission (CSRC) on proposals to introduce an investor identification regime for Northbound trading under Mainland-Hong Kong Stock Connect. To prepare the market, the Stock Exchange of Hong Kong (SEHK) will soon issue an information…

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clone firm FCA warning
November 30, 2017 BY Valentina Kirilova

FCA warns against ADN UK Finance clone firm

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

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clone firm FCA warning
November 29, 2017 BY Valentina Kirilova

FCA warns against Michael Ullrich Hartmann clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Michael Ullrich Hartmann. 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…

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