Category: Regulation

cysec cif licence suspension

February 24, 2017 BY Valentina Kirilova

CySEC deletes Olies Corporate Services Ltd from register

The Cyprus Securities and Exchange Commission (CySEC) just announced that, on 21st December 2016, the Company Providing Administrative Services Olies Corporate Services Ltd, waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force. Therefore, the authorization with Number 145/196 lapsed as from…

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Germany trade boom

February 24, 2017 BY LeapRate Staff

Germany Is Having a Trade Boom - How Could This Affect How Britain Should See Invoking Article 50?

This article was written by freelance writer Zak Goldberg. Brexit is one of the biggest topics in the global financial communities, and this is even in a time where other hugely significant things like President Trump's early days in power are going on. Whether you were for or against Brexit, the fact certainly still remains…

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sfc warning

February 24, 2017 BY Valentina Kirilova

Hong Kong SFC adds Alliance Fund Managers Limited 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 24, 2017 BY Valentina Kirilova

The Canadian Securities Administrators launches a regulatory sandbox initiative

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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amf

February 23, 2017 BY Valentina Kirilova

The AMF reports progress on its work following the dissemination of false Vinci shares information

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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February 23, 2017 BY Valentina Kirilova

FCA warns against Courington Law 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 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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February 23, 2017 BY Valentina Kirilova

FCA publishes new data on trends in the retirement income market

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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February 23, 2017 BY Valentina Kirilova

ASIC applies to appoint provisional liquidator to Macro Group companies

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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February 23, 2017 BY Valentina Kirilova

Dubai FSA signs MoU with ESMA

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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February 22, 2017 BY Valentina Kirilova

OSC and FCA sign Co-Operation Agreement to support innovative businesses

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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