Category: Regulation

Advanced Markets Ltd signs up to FX Global Code of Conduct
May 26, 2017 BY Valentina Kirilova

ASIC believe Australia spot FX brokers have work to do to comply with new FX Code of Conduct

ASIC released Report 525 Promoting better behaviour: Spot FX today. This report sets out ASIC's observations on key behavioural drivers of conduct arising from recent ASIC investigations into the wholesale spot foreign exchange (FX) businesses of the major Australian financial institutions. The spot FX market is a key global market and is of systemic importance…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
May 26, 2017 BY Valentina Kirilova

SEC names Peter Uhlmann Managing Executive in Chairman's Office

The Securities and Exchange Commission (SEC) announced that Peter Uhlmann has been named the managing executive in the Office of Chairman Jay Clayton. Mr. Uhlmann will advise Chairman Clayton in matters relating to agency administration, operations, and management, and will serve as the Chairman's primary liaison to divisions and offices on these matters. I am pleased…

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May 25, 2017 BY Valentina Kirilova

OSC publishes paper on Responsive Market Regulation

The Ontario Securities Commission (OSC) today released A Framework for Responsive Market Regulation, a paper presented at Oxford University that addresses how Canadian regulators are responding to changes in the market while protecting investors. As our capital markets evolve, we must have the courage to foster a responsive regulatory climate that allows innovation while ensuring…

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fca warning
May 25, 2017 BY Valentina Kirilova

FCA warns against Campbell & Browne Associates / Campbell Brown 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 Campbell & Browne Associates / Campbell Brown. Campbell & Browne Associates / Campbell Brown is not authorised by the FCA but has been targeting people in…

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ESMA ceases renewal of product intervention CFDs measures
May 25, 2017 BY Valentina Kirilova

ESMA consults on Money Market Fund rules

The European Securities and Markets Authority (ESMA) has published a Consultation Paper (CP) on the Money Market Funds Regulation (MMFR). The CP contains proposals on draft technical advice (TA), draft implementing technical standards (ITS), and guidelines under the MMFR. The key proposals relate to asset liquidity and credit quality, the establishment of a reporting template…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
May 25, 2017 BY Valentina Kirilova

SEC files charges in trading scheme involving confidential government information

The Securities and Exchange Commission (SEC) announced charges in an alleged insider trading scheme involving tips of nonpublic information about government plans to cut Medicare reimbursement rates, which affected the stock prices of certain publicly traded medical providers or suppliers. The SEC’s complaint alleges that David Blaszczak, a former government employee turned political intelligence consultant,…

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clone firm FCA warning
May 25, 2017 BY Valentina Kirilova

FCA warns against First Plus Financial Group clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm First Plus Financial Group. 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 part of their…

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