Category: Regulation

ASIC office
November 16, 2018 BY Valentina Kirilova

ASIC extends relief for non-cash payment facilities

Australian regulator ASIC has amended ASIC Corporations (Non-cash Payment Facilities) Instrument 2016/211 to remove an expiry date that would have seen the instrument cease operating in March 2019. The amendment means that the instrument will continue to operate beyond March 2019. ASIC Corporations (Non-cash Payment Facilities) Instrument 2016/211 provides relief for the following types of…

Read more
fca warning clone firm
November 15, 2018 BY Valentina Kirilova

FCA warns against Assurance ET Capital Partners clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Assurance ET Capital Partners. 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 their…

Read more
fca warning
November 15, 2018 BY Valentina Kirilova

FCA warns against Access Loan 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 company Access Loan. Access Loan is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

Read more
fca warning
November 15, 2018 BY Valentina Kirilova

FCA warns against Harper Wealth Management

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 company Harper Wealth Management. Harper Wealth Management is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

Read more
cysec license suspended
November 14, 2018 BY Valentina Kirilova

CySEC suspends Fenix Capital Markets Trading Ltd CIF license

The Cyprus Securities and Exchange Commission (CySEC) has just informed investors that it has suspended Fenix Capital Markets Trading's CIF license. The complete text of the regulator’s decision can be seen below: Announcement date: 14.11.2018 CySEC Decision date: 14.11.2018 Regarding: Fenix Capital Markets Trading Ltd Legislation: The Investment Services and Activities and Regulated Markets Law…

Read more
CySEC
November 14, 2018 BY Valentina Kirilova

CySEC withdraws CIF license of Qino Management Advisory Ltd

The Cyprus Securities and Exchange Commission (CySEC) has just informed investors about the withdrawal of Qino Management Advisory Ltd.'s CIF authorisation. The complete text of the regulator’s decision can be seen below: Announcement date: 14.11.2018 CySEC Decision date: 05.11.2018 Regarding: Qino Management Advisory Ltd Legislation: The Investment Services and Activities and Regulated Markets Law Subject: Withdrawal…

Read more
ESMA releases supportive opinion regarding BaFin’s ban on short selling
November 14, 2018 BY Valentina Kirilova

FCA bans a former First Step Finance Limited Director

The Financial Conduct Authority (FCA) has announced that it has banned Darren Lee Newton from working in the financial services sector. The FCA discovered Mr Newton used customers’ money for the purchase of the debt management firm, First Step Finance Limited. This showed a serious lack of honesty and integrity. The FCA has decided that…

Read more
Regulation
November 14, 2018 BY Valentina Kirilova

MAS proposes new regulatory sandbox with fast-track approvals

The Monetary Authority of Singapore (MAS) has released a consultation paper on the creation of pre-defined sandboxes, known as Sandbox Express, to complement the existing FinTech Regulatory Sandbox that was launched in 2016. The aim is to enable firms which intend to conduct regulated activities to embark on experiments more quickly, without needing to go…

Read more
fca warning
November 14, 2018 BY Valentina Kirilova

FCA warns against C. Letlid Loan and Finance Ltd

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 company C. Letlid Loan and Finance Ltd. C. Letlid Loan and Finance Ltd is not authorised by the FCA but has been targeting people in the UK…

Read more
Japan
November 14, 2018 BY Valentina Kirilova

LCH receives licence to clear FX NDFs in Japan

LCH, a global clearing house, has announced that it has received approval for an extension to its clearing licence from the Japanese Financial Services Agency (FSA). The licence extension was granted on 31 October 2018 and enables LCH’s ForexClear service to clear FX non-deliverable forwards (NDFs) on behalf of banks and clients based in Japan.…

Read more