Category: Regulation

OSC
July 12, 2017 BY Valentina Kirilova

OSC publishes summary report for dealers, advisers and investment fund managers

The Ontario Securities Commission (OSC) has today published OSC Staff Notice 33-748 Annual Summary Report for Dealers, Advisers and Investment Fund Managers. The report provides key information to registrants to help them comply with registration and compliance requirements under Ontario securities law. Current trends in registration, common deficiencies in compliance reviews, and new and proposed…

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CFTC offices
July 12, 2017 BY Valentina Kirilova

CFTC charges GDLogix Inc with fraud connected with foreign currency derivatives commodity pool scheme

The U.S. Commodity Futures Trading Commission (CFTC) announced that has filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Daniel Winston LaMarco and his company, GDLogix Inc., charging them with off-exchange foreign currency derivatives (forex) fraud, commodity pool fraud, and failure to register with the…

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fca warning
July 11, 2017 BY Valentina Kirilova

FCA warns against Sakai, Yao and Partners 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 Sakai, Yao and Partners. Sakai, Yao and Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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ASIC suspends AFS license
July 11, 2017 BY Valentina Kirilova

ASIC cancels AFS licence of Grey Oak Services Pty Ltd

ASIC has cancelled the Australian financial services (AFS) licence of Sydney-based company Grey Oak Services Pty Ltd (AFS 430752) for failing to lodge its financial statements and auditor's reports for the 2013, 2014, 2015 and 2016 financial years. The annual lodgement of financial statements and auditor's reports is an important part of a licensee demonstrating…

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fca warning
July 11, 2017 BY Valentina Kirilova

FCA warns against Greenfield Loans 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 Greenfield Loans Limited. Greenfield Loans 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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July 10, 2017 BY Valentina Kirilova

ESMA updates MIFID II/ MIFIR investor protection Q&A

The European Securities and Markets Authority (ESMA) announced that has added 2 new Q&A to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The new Q&A cover the topics of recording of telephone conversations and electronic communications, and…

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July 10, 2017 BY Valentina Kirilova

SFC and AMF sign MoU on France-Hong Kong Mutual Recognition of Funds

The Hong Kong Securities and Futures Commission (SFC) and the Autorité des Marchés Financiers (AMF) announced that have signed a Memorandum of Understanding (MoU) on France-Hong Kong Mutual Recognition of Funds (MRF), which will allow eligible Hong Kong public funds and French UCITS funds to be distributed to retail investors in each other’s market through…

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Paxos teams up with bitcoin payment service BitPay
July 10, 2017 BY Valentina Kirilova

CFTC grants SEF registration to Bitcoin firm LedgerX LLC

The U.S. Commodity Futures Trading Commission (CFTC) announced that it has issued an Order of Registration to LedgerX LLC, granting it registration status with the CFTC as a Swap Execution Facility (SEF). LedgerX is a limited liability company registered in Delaware with its primary place of business in New York, NY. CFTC has approved the…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
July 07, 2017 BY Valentina Kirilova

IOSCO consults on recommendations and good practices in liquidity risk management for funds

The International Organization of Securities Commissions (IOSCO) has published today the consultation paper titled Recommendations of Liquidity Risk Management for Collective Investment Schemes, which seeks to address structural vulnerabilities arising from asset management activities, as part of its mission to protect investors and mitigate systemic risk in global financial markets. IOSCO also published today another…

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July 07, 2017 BY Valentina Kirilova

ESMA consults on the evaluation of the short-selling regulation

The European Securities and Markets Authority (ESMA) has issued a public consultation regarding its future technical advice to the European Commission (EC) on the Short-Selling Regulation (SSR). ESMA publishes this consultation paper to seek the views of market participants on the three main elements of its advice to the EC: the scope and functioning of…

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