ASIC today released two consultation papers proposing guidance for public companies and intermediaries (i.e. crowd funding platform operators) to assist them in using the new crowd-sourced funding (CSF) regime commencing on 29 September 2017. Under the CSF regime, eligible public companies will be able to make offers of ordinary shares to a large number of…
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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 PPL Global Capital Limited. PPL Global Capital Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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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 Caledonian Equity Group. Caledonian Equity Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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ASIC today released its sixth annual report into the supervision of registered liquidators. Report 532 ASIC regulation of registered liquidators: January to December 2016 details the supervisory, enforcement, stakeholder liaison, policy and educative work ASIC undertook in its commitment to continue improving regulation of the insolvency and restructuring sector. ASIC Commissioner John Price said: We…
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The European Securities and Markets Authority (ESMA) today has launched a process to renew the composition of its Consultative Working Group (CWG) of the ESMA Post-Trading Standing Committee (PTSC). ESMA is therefore calling for expressions of interest from stakeholders to become a member of the CWG by 31 July 2017. The purpose of these groups…
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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 Capital Markets Banc. Capital Markets Banc is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Autorité des Marchés Financiers (AMF) is conducting a public consultation on changes to its General Regulation and policy on investment services provider requirements regarding knowledge and competence assessments. The consultation will end on 20 July 2017. As part of its implementation of ESMA guidelines on the assessment of knowledge and competence ahead of the…
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MSCI announced today that beginning in June 2018, it will include A shares in the MSCI Emerging Markets Index. Mr Ashley Alder, the SFC’s Chief Executive Officer, commented: The inclusion of A shares in the MSCI Emerging Markets Index signifies the growing importance of the A-share market to international investors, and will further strengthen Hong…
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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 East Coast Law Firm. East Coast Law Firm is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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ASIC has released its latest report outlining decisions on relief applications, highlighting ASIC’s efforts to reduce red-tape and achieve a practical, positive outcome for companies seeking some regulatory flexibility. The granting of relief which has a net regulatory benefit, or which facilitates business or cuts red tape without harming stakeholders, is an important part of…
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