ASIC announced that has accepted an enforceable undertaking from Avalon Pacific Capital Pty Ltd in relation to its dealing in securities of five overseas registered companies listed on the National Stock Exchange of Australia (NSX). ASIC is concerned that Avalon Pacific ought reasonably to have suspected that the orders were placed with the intention of…
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The Board of the International Organization of Securities Commissions (IOSCO) has published its Assessment Committee’s Thematic Review of the Adoption of the Principles set forth in IOSCO’s Report: Recommendations Regarding the Protection of Client Assets (the Principles). The thematic review identifies the implementation progress of 38 IOSCO members from 36 jurisdictions in adopting legislation, regulation…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm AMC Capital Invest / AMC Capital Management. 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…
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Qatar Financial Markets Authority (QFMA) has approved a proposal not to suspend trading on the shares of the companies listed on the Qatar Stock Exchange on AGM days as of January 1st, 2018. The QFMA approval included a set of procedures to be followed in implementing the decision in terms of identifying the shareholders eligible…
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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 MPG Partners. MPG Partners 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 Hong Kong Securities and Futures Commission (SFC) announced that has suspended Ms Chan Wai Ling for 12 months from 26 July 2017 to 25 July 2018 (Chan is licensed as a representative under the Securities and Futures Ordinance to carry on Type 1 (dealing in securities) regulated activity and was accredited to Kingsway Financial…
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In October 2015, HM Treasury announced its intention to extend the Senior Managers and Certification Regime (SM&CR) to all sectors of the financial services industry. The Financial Conduct Authority (FCA) has today published proposals to extend the SM&CR to almost all regulated firms. The new regime will essentially replace the Approved Persons Regime. The aim…
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The Eastern Magistrates’ Court today adjourned the criminal proceedings brought by the Hong Kong Securities and Futures Commission (SFC) against Mr Lam Yik Tung, Mr Chan Lit Chun and Mr Anson Mui Ka Leung to 12 September 2017 for a pre-trial review after they pleaded not guilty to charges of insider dealing in the shares…
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The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) announced that has: imposed a cautionary suspension, for a period of 90 days, pursuant to article 101, paragraph 4, letter b), of the Consolidated Law on Finance (TUF), on the advertising activity carried out through the…
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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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