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 Baker Hamlin. Baker Hamlin is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bizzy 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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ASIC informed that it has suspended the Australian financial services (AFS) license of M.J. Wren & Co Pty Ltd (MJ Wren) until 16 October 2018. MJ Wren ceased providing financial services in May 2017 after ASIC identified that MJ Wren had failed to comply with the risk-based capital requirements set out in the market integrity…
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The FCA informed that it welcomes the announcements made yesterday by the European Commission and the US Securities and Exchange Commission (US SEC) in relation to the MiFID II inducements and research reforms and their interaction with US regulation. Andrew Bailey, Chief Executive Officer at the FCA, said: I am grateful for the constructive conversations…
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Peter Nicholas Cook of Coogee, NSW, has been disqualified by ASIC from managing companies for the maximum period of five years as a result of his involvement in twelve failed companies. ASIC found that Mr Cook: improperly used his corporate position by causing his companies to make loan repayments to related companies ahead of third…
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The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) recognise the need for effective cybersecurity management as cyber risk poses an increasingly significant threat to the integrity, efficiency and soundness of financial markets worldwide. Over the past few years, the SFC and the HKMA have provided a range of…
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The Commodity Futures Trading Commission (CFTC) has issued an Order that will keep the swap dealer de minimis threshold at $8 billion until December 2019. The one-year extension provides the CFTC additional time to complete the current data analysis and for the CFTC to consider appropriate further action. The Order establishes a new swap dealer…
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The Financial Conduct Authority (FCA) has today set out a package of measures designed to ensure that the UK’s primary capital markets remain effective. In 2015 the FCA committed to reviewing the effectiveness of the UK’s primary capital markets, and the regulatory framework governing them to ensure they continue effectively to serve issuers and investors.…
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The ARPP (French advertising self-regulatory organization) has issued a recommendation in order to inform the advertising industry regarding the regulation of intermediation in miscellaneous assets. With a view to better protection for savers, the Sapin II law has introduced a change in the system: no offer on atypical investments car be directly marketed in France…
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The Financial Conduct Authority (FCA) has today published position limits on certain commodity derivative contracts which are traded on UK trading venues. The limits have been established by exercising the regulator's power of direction under Regulation 16 of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (MIFI Regs) in accordance…
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