Category: Regulation

CFTC offices
July 26, 2017 BY Valentina Kirilova

CFTC extends time-limited no-action relief on the applicability of transaction-level requirements

The U.S. Commodity Futures Trading Commission’s (CFTC) Divisions of Swap Dealer and Intermediary Oversight (DSIO), Clearing and Risk, and Market Oversight (Divisions) has issued a time-limited no-action letter that extends relief to swap dealers (SDs) registered with the CFTC that are established under the laws of jurisdictions other than the United States (Non-U.S. SDs) from…

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ASIC applauds the enactment of stronger whistleblowing laws
July 26, 2017 BY Valentina Kirilova

SEC announces $2.5 million whistleblower award

The Securities and Exchange Commission (SEC) has announced an award of nearly $2.5 million to an employee of a domestic government agency whose whistleblower tip helped launch an SEC investigation and whose continued assistance enabled the SEC to address a company's misconduct. 'Whistleblowers can provide a wealth of information and ongoing assistance that helps our…

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fca warning
July 25, 2017 BY Valentina Kirilova

FCA warns against Asashi Mergers and Acquisitions Group

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 Asashi Mergers and Acquisitions Group. Asashi Mergers and Acquisitions Group is not authorised by the FCA but has been targeting people in the UK and is…

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FCA
July 25, 2017 BY Valentina Kirilova

FCA to consult on new rules for current account providers

The Financial Conduct Authority (FCA) has today launched proposals to help customers make effective comparisons of the service levels available for personal current accounts and business current accounts. The FCA proposes to require firms who offer personal current accounts and business current accounts to publish service information about: how long it takes to open an…

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fca warning
July 25, 2017 BY Valentina Kirilova

FCA warns against Zurich Capital 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 Zurich Capital. Zurich Capital 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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cysec cif licence suspension
July 25, 2017 BY Valentina Kirilova

CySEC announces renouncement of CIF licence of New Vault Ltd

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on 5th June 2017, the CIF New Vault Ltd, renounced its authorisation pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the CIF authorisation with Νumber 304/16 lapsed as from the abovementioned…

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fca warning
July 25, 2017 BY Valentina Kirilova

FCA warns against Loan Store Limited 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 Loan Store Limited. Loan Store Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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fca warning
July 24, 2017 BY Valentina Kirilova

FCA warns against Cash Financers 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 Cash Financers. Cash Financers 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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NSD and Interfax launch Single Disclosure Window product
July 24, 2017 BY Valentina Kirilova

NSD Expert Council approves methodology for assessing bond value

The Expert Council for the prices of National Settlement Depository (NSD), Russia’s central securities depository, announced that has unanimously approved and recommended that the new methodology for calculating the value of ruble-denominated bonds be implemented. The new methodology is based on the newest concepts for assessing financial instruments with fixed income. The methodology was developed…

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