Category: Regulation

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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July 24, 2017 BY Valentina Kirilova

SFC concludes consultation and further consults on changes to financial resources rules

The  Hong Kong Securities and Futures Commission (SFC) has published consultation conclusions on the proposed regulatory capital regime for licensed corporations engaged in over-the-counter derivatives activities and other proposed changes to the Securities and Futures (Financial Resources) Rules (FRR). After carefully considering the comments received, the SFC will proceed to implement the proposed regime subject…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
July 24, 2017 BY Valentina Kirilova

Federal regulatory agencies announce coordination of reviews for foreign funds under Volcker Rule

Five federal financial regulatory agencies have announced that they are coordinating their respective reviews of the treatment of certain foreign funds under section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule, and the agencies' implementing regulations, the Securities and Exchange Commission (SEC) shared. These foreign funds are investment funds organized and offered…

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