The Cyprus regulator CySEC announced today that it has decided to withdraw the AIFLNP licence of a company named Evolve Private Equity Fund Ltd. The Cyprus explained that it has come to this decision because the company has expressly renounced its authorisation. Evolve Private Equity Fund Ltd. is dissolved and put into liquidation in accordance…
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The European Securities and Markets Authority (ESMA) updated last week the double volume cap (DVC) register on its website under the Markets in Financial Instruments Directive (MiFID II). The DVC report includes the DVC data for 2019 and updates on already published periods. The agency reports 66 new DVC breaches – 55 equities for the…
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US Treasury Under Secretary for International Affairs Brent McIntosh and Monetary Authority of Singapore Deputy Managing Director Jacqueline Loh met n Singapore for a discussion on the importance of data connectivity in financial services. Both countries recognize managing data across borders is crucial to the development of the financial sector. The new technological developments in…
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The EU Markets regulator, European Securities and Markets Authority (ESMA), announced its Strategy on Sustainable Finance. The strategy reveals sustainability as the main goal for ESMA and sets out a plan to implement Environmental, Social, and Governance (ESG) factors in its work. The strategy reveals that the fundamental priorities of ESMA include transparency obligations, risk…
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North American Securities Transfer appeared yesterday on the New Zealand Financial Markets Authority (FMA) list of alerts and warnings. US Securities and Exchange Commission has issued a public warning against the company. The entity falsely claims be registered and licensed in the US. Vowfx also appears on the list of alerts as the company may…
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UK regulator FCA has put out the details of several unregulated companies, as well as few clone firms this week. The names of the latest additions to the regulator’s warning list are the companies Quidd Finance UK, Legit-Loan Company, Winton Finance, ABSL Umbrella Fund, ATFXHK International Limited, Best Loan Solution Ltd. According to the regulator,…
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The Cyprus regulator CySEC announced today that it has decided to withdraw the CIF licence of a company named Whotrades Ltd. The regulator is withdrawing the Cyprus Investment Firm authorisation with Number 073/06 of Whotrades Ltd. due to the company’s decision to expressly renounce it. The Cyprus watch dog has recently announced that it has…
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The Financial Conduct Authority (FCA) publish today guidelines for financial services firms as Brexit is looming over. On 31 January at 11pm the UK is set to leave the European Union (EU). The FCA informs that the implementation period ends on 31 December 2020, until then EU law will continue to apply. UK firms and…
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UK regulator FCA has put out the details of three clone firms this week. The names of the latest additions to the regulator’s warning list are the companies Titon Associates Asset Management, Sentinel Growth Portfolio Ltd, and Hedge Invest International. According to the regulator, the fraudsters are using or giving out the following details as…
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New Zealand Financial Markets Authority (FMA) has yesterday added one more names to its list of unregulated firms and suspected scams. The latest addition is the company Halsted Holdings Limited. Halsted Holdings Limited's trading name is Selected Markets. The company is operating via the website www.selectedmarkets.com. According to the regulator, Selected Markets could be involved…
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