CySEC to suspend its Fast Track Examination CIF licensing scheme LeapRate

November 23, 2017 BY Valentina Kirilova

CySEC to suspend its Fast Track Examination CIF licensing scheme

The Cyprus Securities and Exchange Commission (CySEC) has just informed that it decided to suspend the ‘fast track’ examination scheme (the ‘Scheme’) for the assessment of applications for granting a Cyprus Investment Firm authorisation in accordance with Section 21 of the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). The CySEC…

November 23, 2017 BY Valentina Kirilova

ASIC takes action against two unlicensed financial services companies

ASIC informed that it has acted to stop two Queensland-based financial services companies from selling insurance products and providing financial services without being licensed. ASIC obtained orders in the Queensland Supreme Court against Sport & Events Promotions Pty Ltd and Prize Promotions Pty Ltd, who were found to be in breach of the Corporations Act…

November 22, 2017 BY Valentina Kirilova

WFE publishes position paper on international regulatory dissonance

The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, has today published a position paper discussing the implications of international regulatory dissonance, supported by a series of policy recommendations to promote better regulatory coherence. Despite efforts to coordinate post-crisis financial regulatory reforms at the G20 level,…

November 22, 2017 BY Valentina Kirilova

FCA warns against fake regulator Federal Financial Regulatory Board

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 fake regulator Federal Financial Regulatory Board. Federal Financial Regulatory Board is not authorised by the FCA but has been targeting people in the UK and is also…

November 22, 2017 BY Valentina Kirilova

FCA warns against Wharton Asset Management UK LLP clone firm

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

November 22, 2017 BY Valentina Kirilova

ASIC cancels AFS license of Financial Stewards Pty Ltd

ASIC informed that it has cancelled the Australian financial services (AFS) license of Financial Stewards Pty Ltd (Financial Stewards) for failing to co-operate with an ASIC surveillance. ASIC issued two compulsory notices to Financial Stewards as part of a surveillance. Financial Stewards failed to respond to the Notices or to ASIC's correspondence. In addition, ASIC…

November 17, 2017 BY Valentina Kirilova

FCA warns against MG Finance Consulting clone firm

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

ESMA ceases renewal of product intervention CFDs measures

November 17, 2017 BY Valentina Kirilova

ESMA consults on calculation of derivative positions

The European Securities and Markets Authority (ESMA) has today published for public consultation future guidelines on the calculation of derivative positions by trade repositories (TRs) authorised in the European Union under the European Market Infrastructure Regulation (EMIR). ESMA supervises the way TRs make data available to public authorities. That data should be of sufficient quality…

November 17, 2017 BY Valentina Kirilova

ASIC makes consolidated market integrity rules

ASIC has today made market integrity rules which consolidate 13 of the existing 14 rule books into four rule books to create a common set of rules for securities markets and a common set of rules for futures markets. The ASIC Market Integrity Rules (Securities Markets) 2017 (Securities Markets rules) set out obligations and prohibitions…

November 16, 2017 BY Valentina Kirilova

Hong Kong SFC concludes consultation on asset management regulation

The Securities and Futures Commission (SFC) has today released consultation conclusions on proposals to enhance asset management regulation and point-of-sale transparency. The SFC also launched a further consultation on disclosure requirements applicable to discretionary accounts. The SFC will implement the enhancements to the Fund Manager Code of Conduct (FMCC) with certain modifications and clarifications. To…

Category: Regulation

CySEC to suspend its Fast Track Examination CIF licensing scheme

ASIC takes action against two unlicensed financial services companies

WFE publishes position paper on international regulatory dissonance

FCA warns against fake regulator Federal Financial Regulatory Board

FCA warns against Wharton Asset Management UK LLP clone firm

ASIC cancels AFS license of Financial Stewards Pty Ltd

FCA warns against MG Finance Consulting clone firm

ESMA consults on calculation of derivative positions

ASIC makes consolidated market integrity rules

Hong Kong SFC concludes consultation on asset management regulation

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