Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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The Canadian Securities Administrators (CSA) launched a regulatory sandbox, an initiative that supports businesses seeking to offer innovative products, services and applications. The objective of this initiative is to facilitate the ability of those businesses to use innovative products, services and applications all across Canada, while ensuring appropriate investor protection,” said Louis Morisset, CSA Chair…
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The dissemination of a bogus Vinci press release and its impact on the share price on 22 November 2016 prompted the Autorité des marchés financiers (AMF) to work with all relevant parties to consider how such incidents might be prevented, or at the very least how their market consequences might be limited. In addition to its…
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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 Courington Law. Courington Law 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 Financial Conduct Authority (FCA) have today published their eighth data bulletin. This edition focuses on insights from the consumer contact centre, as well as the latest trends in the retirement income market. The consumer contact centre is the main point of contact for consumers of financial services firms who want to interact with the…
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ASIC has applied to the Federal Court of Australia for the appointment of a provisional liquidator to six companies within the Macro Group, all of which have Desiree Veronica Macpherson as a director. These are: Macro Realty Developments Pty Ltd; Macro Realty Developments AFSL Pty Ltd; Macro All State Investments and Securities Ltd; Pilbara Property…
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The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in The European Union’s Market Infrastructure Regulation (EMIR). The MoU was signed on behalf of the DFSA by Chief Executive, Mr Ian…
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Under a new Co-Operation Agreement, innovative FinTech businesses in Ontario and the United Kingdom will be able to seek support from their financial regulators as they seek to operate in the other’s market. Signed this week, the Agreement allows the Financial Conduct Authority (FCA) and the Ontario Securities Commission (OSC) to refer to one another…
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Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 15 weeks for cheating the banks by making false trades, Bloomberg reported earlier today. Former HSBC senior dealer Ivan Chng was sentenced to 15 weeks in jail, Singapore High Court Justice See Kee Oon…
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The Alberta Securities Commission (ASC) and the Alberta RCMP announced that Neil Andrew McDonald of Calgary has been charged with alleged breaches of the Criminal Code following an investigation by the Joint Serious Offences Team (JSOT) in Alberta. McDonald has been criminally charged with seven counts of fraud over $5,000 contrary to section 380(1)(a), one…
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