The European Securities and Markets Authority (ESMA) shared that has sent a letter to the European Parliament, Commission and Council updating them on the implementation of ESMA’s IT projects regarding the Markets in Financial Instruments Directive (MiFID II). ESMA will deliver a specific IT infrastructure for the implementation of MiFID II on 3 January 2018.…
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The Hong Kong Securities and Futures Commission (SFC) announced that has welcomed the Investment Agreement and Agreement on Economic and Technical Cooperation under the framework of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) signed in Hong Kong today. The initiatives under the latest agreements will facilitate promotion and protection of investments between…
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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 AIG Options / CMC Options. AIG Options / CMC Options is not authorised by the FCA but has been targeting people in the UK and is also…
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ASIC announced that has restricted Axiom Mining Limited from issuing a reduced content prospectus until 28 March 2018. The decision means Axiom Mining will not be able to rely on reduced disclosure rules and must issue a full prospectus in order to raise funds from retail investors. ASIC's decision was based on information given to…
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The AMF and the ACPR are publishing a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the list of new websites recently identified: www.x90.com / X90 www.mt4invest.com / MT4 INVEST www.gss-fi.eu / GSS FINANCIAL www.boomforex.net / BOOM FOREX www.promfx.com…
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The Financial Conduct Authority (FCA) has today published the final findings of its asset management market study and announced the package of remedies it will take forward to address the concerns identified in its interim report into the sector. Andrew Bailey, Chief Executive at the FCA said: The asset management sector is important to the…
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ASIC announced that has disqualified Neil Wilson of Victoria from being an approved self-managed superannuation fund (SMSF) auditor. ASIC determined that Mr Wilson had breached fundamental independence and audit requirements. Given the nature of these breaches, it was considered appropriate to disqualify Mr Wilson. ASIC found that Mr Wilson had breached: Auditor independence requirements of…
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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) today published conclusions on a joint consultation paper which proposed adjusting the scope of “OTC derivative product” under the over-the-counter (OTC) derivatives regulatory regime. The proposed adjustments were to: prescribe certain additional markets and clearing houses so that products traded and cleared…
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The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) announced that has published today its final Guidelines on anti-money laundering and countering the financing of terrorism (AML/CFT). The Guidelines promote a common understanding of the risk-based approach to AML/CFT and set out how it should be applied. These Guidelines…
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The Cyprus Securities and Exchange Commission (CySEC) announced that the partial suspension of the CIF authorisation of Xtrade Europe Ltd ('the Company'), number 108/10, for the provision of financial services and the performance of financial activities to new clients is herewith withdrawn/terminated and the registration of the Company in the Registry of authorised persons is…
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