CySEC suspends CIF licence of M.G.T.M. Financial Services Ltd LeapRate

March 17, 2020 BY Valentina Kirilova

CySEC suspends CIF licence of M.G.T.M. Financial Services Ltd

The Cyprus Securities and Exchange Commission (CYSEC) announced yesterday the suspension of Cyprus Investment Firm (CIF) authorisation of the company M.G.T.M. Financial Services Ltd. The regulator suspended CIF licence 270/15 of M.G.T.M. Financial Services Ltd, due to the company’s decision to expressly renounce it. The complete announcement can be seen here. Read more recent regulation…

March 16, 2020 BY Steffy Bogdanova

ASIC takes steps to ensure stability of Australian equity market

The Australian Securities and Investment Commission (ASIC), has taken measures to ensure the resiliency of the Australian equity market as part of the Government’s response to Covid-19 outbreak. During the last two weeks, the Australian equity market has seen record trading volumes. ASIC and other Council of Financial Regulators agencies, have kept a close eye…

March 16, 2020 BY Steffy Bogdanova

Singapore Financial Markets are functioning well despite volatility

The Monetary Authority of Singapore (MAS) said last Friday that that the Singapore Dollar money market and foreign exchange market are working as usual through the heightened volatility in global and domestic financial markets. Financial markets around the world are under pressure because of the widespread Covid-19 outbreak. MAS money market operations have maintained high…

March 13, 2020 BY Steffy Bogdanova

ESMA issues recommendations for financial market participants regarding Covid-19

The European Securities and Markets Authority (ESMA), in coordination with the National Competent Authorities (NCAs) is closely monitoring the impact of Covid-19 outbreak on financial markets in the European Union. Following a discussion of the Board of Supervisors examining the marketing situations and observing contingency measures taken by supervised entities, ESMA is making the following…

March 13, 2020 BY Valentina Kirilova

New Zealand FMA adds Trade99 to its warning list

Trade99 appeared yesterday on the New Zealand Financial Markets Authority (FMA) list of alerts and warnings. According to regulator, Trade99 and the website www.trade99.com are not listed on the FSPR. The company is not an incorporated firm in New Zealand. Individuals from Trade99 have been contacting New Zealand residents with investment offers, withholding client funds and…

March 12, 2020 BY Steffy Bogdanova

TrustFX, Fortune Trade FX, Strategic Investment Funds and others added to FCA warning list

UK watchdog FCA has put out the details of several unregulated companies and clone firms this week. The names of the latest additions to the regulator’s warning list are the companies TrustFX, Fortune Trade FX, Strategic Investment Funds, Merrion Capital Investment Managers, FTEFX, Macrod FX, Top Trade Pro, FteFXPro / FTE FX, GCG 24 / Global Consulting Group, Swiss Life Asset Group, FX…

March 10, 2020 BY Steffy Bogdanova

ESMA reviews the transparency regime for non-equity instruments for MiFIR

Europe’s market regulator, the European Securities and Markets Authority (ESMA) has launched a Consultation Paper in review of the transparency regime for non-equity instruments and the trading obligation for derivatives under the Market in Financial Instruments Regulation (MiFIR). In this Paper, ESMA makes proposals for possible amendments to the transparency regime based on data analyses…

March 10, 2020 BY Steffy Bogdanova

ASIC releases new regulation for foreign financial services providers

ASIC has released new regulation for foreign financial services providers (FFSPs) that service Australian wholesale clients. Cathie Armour, ASIC Commissioner, noted: Our new regulatory framework facilitates Australian wholesale access to foreign investment opportunities, preserves market integrity against misconduct in wholesale markets, and strengthens ASIC's ability to take effective regulatory and supervisory action. Our ability to…

March 09, 2020 BY Steffy Bogdanova

CySEC suspends CIF licence of Prior Capital Cy Ltd

The Cyprus Securities and Exchange Commission (CYSEC) announced in the end of last week the suspension of Cyprus Investment Firm (CIF) authorisation of Prior Capital Cy Ltd. The agency suspended CIF licence number 221/13 because of suspicions of an alleged violation of the Investment Services and Activities and Regulated Markets Law of 2017 regarding the…

March 09, 2020 BY Steffy Bogdanova

Open Hub Pro, Fx Pro, Bitmex and others added to FCA warning list

UK watchdog FCA has put out the details of several unregulated companies and clone firms this week. The names of the latest additions to the regulator’s warning list are the companies [email protected]; [email protected], Open Hub Pro, Fx Pro, GMGFX, Citigroup Asset Management / Citibank Asset Management, Bitmex, MTI24, Lend Finance, FX Goat / @_samfx_ and MCM FX / MCMFX. According to the…

Category: Regulation