Category: Regulation

Hong Kong SFC
February 17, 2017 BY Valentina Kirilova

SFC issues 3Q report with a record high in total number of licensed corporations and registered institutions

The Securities and Futures Commission (SFC) published its Quarterly Report summarising key developments from October to December 2016. Highlights include the launch of Shenzhen-Hong Kong Stock Connect and the signing of a mutual recognition of funds agreement between the SFC and the Swiss Financial Market Supervisory Authority. During the quarter, the SFC began a public…

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sfc warning
February 17, 2017 BY Valentina Kirilova

Hong Kong SFC adds Mong Company Ltd to its alert list

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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sfc warning
February 16, 2017 BY Valentina Kirilova

Hong Kong SFC adds Ashton Cole Global to its alert list

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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February 16, 2017 BY Valentina Kirilova

FCA finds new evidence on liquidity in the UK corporate bond market

Liquidity in the UK corporate bond market has declined recently but still seems relatively healthy, according to analysis by Felix Suntheim from our Chief Economist’s Department and Matthew Allan from the Financial Conduct Authority's Markets Policy Department. New data suggests there has been a decline in liquidity in the UK’s corporate bond market over the…

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February 15, 2017 BY Valentina Kirilova

Malta MFSA and Abu Dhabi regulator sign MoU for bilateral cooperation agreement

The Malta Financial Services Authority just announced that, on the 2nd February 2017, it successfully concluded and signed a Memorandum of Understanding with the Abu Dhabi Global Market Financials Services Regulatory Authority. The Memorandum of Understanding establishes a framework of bilateral cooperation between the two Authorities in the carrying out of their respective duties and…

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fma warning
February 15, 2017 BY Valentina Kirilova

New Zealand's FMA updates strategic risk outlook and sets course for new era in conduct regulation

The Financial Markets Authority just published its updated Strategic Risk Outlook (SRO). This is a foundation FMA document and sets out how the regulator identifies and prioritises the key risks to its overall objective of fair, efficient and transparent markets. In 2014, the FMA established seven strategic priorities to address the main risks and potential…

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MAS Monetary Authority of Singapore
February 15, 2017 BY Valentina Kirilova

Monetary Authority of Singapore announces faster approvals and lower requirements for venture capital managers

The Monetary Authority of Singapore (MAS) published a consultation paper proposing a simplified authorisation process and regulatory framework for managers of venture capital funds (VC managers). The move is part of MAS’ broader efforts to promote financing for enterprise development. VC managers are an essential component of the start-up eco-system. They provide capital and expertise…

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gold
February 15, 2017 BY Valentina Kirilova

Gold scam in the form of $4 million Ponzi scheme unveiled by CFTC

The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a federal civil enforcement action in Florida charging Defendants Carlos Javier Ramirez, Gold Chasers, Inc., and Royal Leisure International, Inc., all with last known addresses in Orlando, Florida, with misappropriating customer funds and engaging in fraudulent sales solicitations in connection with the purported purchase…

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fma warns against unregulated company
February 15, 2017 BY Valentina Kirilova

Belize regulator IFSC warns on Trendtino Limited firm

The International Financial Services Commission of Belize (IFSC) has notified that Trendtino Limited, an international business company with its registered office at No. 2 Mapp Street, Belize City, Belize C.A, is offering Payment Processing Services on its website, https://schonpay.com/ without a licence from the IFSC. Trendtino Limited is therefore directed to cease and desist from…

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February 15, 2017 BY Valentina Kirilova

ASIC cancels AFS licence of Sovereign MF Ltd (in liquidation)

ASIC has cancelled the Australian Financial Services (AFS) licence of Sovereign MF Ltd (in liquidation) ACN 104 964 555. Sovereign is the responsible entity for The Sovereign Tarneit Land Fund and The Sovereign Aged Care Property Fund (the Schemes). Sovereign was placed into liquidation on 24 May 2013 following a creditors' resolution on the basis…

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