Category: Regulation

IOSCO issues statement on liquidity risk management recommendations for investment funds
October 11, 2017 BY Valentina Kirilova

IOSCO analyzes other CRA products used to make investment and credit-related decisions

The Board of the International Organization of Securities Commissions (IOSCO) today published a report titled Other CRA Products (OCPs), which provides market participants with a better understanding of certain non-traditional products and services offered by credit rating agencies (CRAs). These non-traditional products may include, for example, private ratings, confidential ratings, expected ratings, indicative ratings, prospective…

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cysec license suspended
October 11, 2017 BY Valentina Kirilova

CySEC suspends CIF licence of Concorde Investments (Cyprus) Ltd

Cyprus financial regulator CySEC has announced that, following a decision in the meeting dated 25.09.2017, the authorisation of the Cyprus Investment Firm Concorde Investments (Cyprus) Ltd (‘the Company’), number 189/13, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (‘the Law’), as there…

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sfc bans
October 11, 2017 BY Valentina Kirilova

SFC bans a former investment consultant of CICC for four months

The Hong Kong Securities and Futures Commission (SFC) announced that has prohibited Mr Xu Tao, a former investment consultant of China International Capital Corporation Hong Kong Securities Limited (CICC), from re-entering the industry for four months from 11 October 2017 to 10 February 2018 (Xu was licensed under the Securities and Futures Ordinance to carry…

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fma warning
October 11, 2017 BY Valentina Kirilova

New Zealand's FMA files insider trading charges

The Financial Markets Authority (FMA) announced that has filed criminal charges against an individual in the Auckland District Court alleging insider trading in contravention of the Securities Markets Act 1988. The charges relate to trading in shares of VMob Group Limited, which now trades as Plexure Group Limited (NZX: PLX). The individual was formerly engaged…

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fma warning
October 10, 2017 BY Valentina Kirilova

Italy regulator CONSOB warns against Tradelux Group Ltd firm

The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) has reported that the company Tradelux Group Ltd is not authorised to provide investment services and activities in Italy by any means and, therefore, including through the website www.optionint.com. The CONSOB is the public authority responsible…

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Regulation
October 10, 2017 BY Valentina Kirilova

ASIC restricts iBosses from using reduced fundraising documents

ASIC announced that has made a determination that iBosses Corporation Limited cannot use exemptions for reduced disclosure in fundraising documents for 12 months. ASIC made the determination after iBosses failed to lodge an audited financial report with ASIC for the year ended 31 March 2017 within the three month deadline. At the date of this…

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fca warning
October 10, 2017 BY Valentina Kirilova

FCA warns against CTI Group Advisors 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 CTI Group Advisors. CTI Group Advisors is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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

ESMA updates list of recognised third-country CCPs

The European Securities and Markets Authority (ESMA) announced that has updated its list of recognised central counterparties (CCPs) based in third countries. Today’s update concerns: Indian Clearing Corporation Limited; National Securities Clearing Corporation Limited; and MCX-SX Clearing Corporation. The European Markets Infrastructure Regulation (EMIR) requires third-country CCPs to be recognised by ESMA in order to…

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australia apac
October 10, 2017 BY Valentina Kirilova

Client money reporting rules for FX brokers to take effect in Australia in April 2018

ASIC announced that it has released the finalised ASIC Client Money Reporting Rules 2017 (client money rules) which, from 4 April 2018, will impose record-keeping, reconciliation and reporting obligations on Australian financial services (AFS) licensees that hold 'derivative retail client money' within the meaning of the Corporations Act, unless the client money relates to a…

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