Category: Regulation

CSA proposes rule regarding non-GAAP and other financial measures
April 05, 2017 BY Valentina Kirilova

Canadian securities regulators seek input on proposed business conduct rules for derivatives dealers and advisers

The Canadian Securities Administrators (CSA) published for comment Proposed National Instrument 93-101 Derivatives: Business Conduct and a related proposed companion policy. The proposed instrument establishes an investor protection regime for over-the-counter (OTC) derivatives markets that is consistent with international standards and foreign requirements and is intended to create a uniform approach to derivatives business conduct…

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ESMA bond liquidity data
April 04, 2017 BY Valentina Kirilova

ESMA updates MIFID II/MIFIR investor protection Q&As

The European Securities and Markets Authority (ESMA) has added 10 new Q&As 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 MiFID II Q&A provide clarifications on the following topics: Best execution; Suitability; Post sale reporting; Inducements…

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April 04, 2017 BY Valentina Kirilova

FCA warns against The Loan Expert clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm The Loan Expert / www.theloan.expert. 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…

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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…

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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…

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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…

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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…

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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…

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