Category: Regulation

fma warns against unregulated company
April 03, 2017 BY Valentina Kirilova

Italy regulator CONSOB warns against Investing Group Trading

The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) just reported that the company Investing Group Trading is not authorised to offer out-of-the-office, or promote or place through remote communication techniques in Italy, investment services or business in any way, and, therefore, neither through the…

Read more
cssf warning
April 03, 2017 BY Valentina Kirilova

Luxembourg regulator CSSF suspends financial instruments issued by Novo Banco S.A. and NB Finance Ltd

Following a request of Banco de Portugal, acting as the national resolution authority of Portugal, the Commission de Surveillance du Secteur Financier (CSSF) has requested the suspension of the financial instruments issued by Novo Banco S.A. and NB Finance Ltd. These financial instruments are to be suspended from trading on the regulated market of the…

Read more
April 03, 2017 BY Valentina Kirilova

AAT affirms ASIC’s banning of former client adviser

The Administrative Appeals Tribunal (AAT) has affirmed ASIC’s decision to ban Mr Ryan Batros from providing financial services for five years. The banning follows an ASIC investigation into Mr Batros’ conduct on 25 and 26 August 2014 in placing 'execution only' orders on the ASX that he had received from clients to sell shares and…

Read more
March 31, 2017 BY Valentina Kirilova

FCA warns against Paydayloan 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 G R Ranking Limited / Paydayloan. G R Ranking Limited / Paydayloan is not authorised by the FCA but has been targeting people in the UK…

Read more
ESMA ceases renewal of product intervention CFDs measures
March 31, 2017 BY Valentina Kirilova

MIFID II: ESMA issues final specifications for non-equity tape

The European Securities and Markets Authority (ESMA) has issued today regulatory technical standards (RTS) specifying the scope of the consolidated tape for bonds, structured finance products, emission allowances and derivatives. The Markets in Financial Instruments Directive (MiFID II) introduces the concept of consolidated tape providers (CTPs). CTPs will collect post-trade information published by trading venues…

Read more
March 31, 2017 BY Valentina Kirilova

FCA publishes near final rules on MiFID II

The Financial Conduct Authority (FCA) has today published near final rules on the implementation of the Markets in Financial Instruments Directive (MiFID) II. These include changes to the trading of financial instruments including issues affecting trading venues, transparency of trading and algorithmic and high frequency trading. The FCA is also providing an update on the…

Read more
ESMA bond liquidity data
March 31, 2017 BY Valentina Kirilova

ESMA updates Q&A on CFDs and other speculative products

The European Securities and Markets Authority (ESMA) has published today an updated version of its question and answer document (Q&A) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to retail clients, such as binary options and rolling…

Read more
FINRA's 2018 volume tops 2017 activity by 87%
March 31, 2017 BY Valentina Kirilova

FINRA's rule proposal addressing financial exploitation of seniors approved by SEC

The Securities and Exchange Commission (SEC) has approved FINRA’s rule proposal addressing financial exploitation of seniors. FINRA today issued Regulatory Notice 17-11 announcing a February 5, 2018 effective date for the rule proposal. The changes approved by the SEC involve two key steps to protect investors: firms will be required to make reasonable efforts to…

Read more
March 31, 2017 BY Valentina Kirilova

FCA warns against Cartwright & Blyth Associates 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 Cartwright & Blyth Associates. Cartwright & Blyth Associates is not authorised by the FCA but has been targeting people in the UK and is also carrying…

Read more