Category: Regulations

March 29, 2017 BY LeapRate Staff

Belize regulator IFSC warns against forex broker Premium Point Market

Belize financial regulator IFSC (International Financial Services Commission) has issued a warning regarding retail forex brokerage firm Premium Point Market, operating from website premierfxmarket.com. It has come to the notice of the IFSC that an entity calling itself Premier Point Market is falsely claiming to be registered in Belize. The representation made on the broker's website…

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negative balance protection
March 27, 2017 BY LeapRate Staff

Australia parliament passes new legislation to protect Retail Forex client money

Breaking Forex News... LeapRate has learned that Australia's parliament today passed the Treasury Laws Amendment (Measures No 1) Bill 2016, known more commonly as the Retail Client Money law. We had reported back in November that the Australian government was going to change the rules as to what ASIC licensed retail brokers offering over-the-counter derivatives products (read:…

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cnmv spain forex regulation
March 21, 2017 BY admin

Spain sets in motion stricter marketing of retail Forex and CFD accounts

Back on March 8th, LeapRate covered when Spain’s financial regulator CNMV (Comisión Nacional del Mercado de Valores) issued its Activity Plan for 2017-2018... In that activity plan, the CNMV did not outline specific plans to target Forex and CFD trading, but it did state that one of its four strategic objectives will include “analysis of initiatives…

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March 21, 2017 BY admin

Match-Trade to launch ESMA/MIFID II compliance services

Match-Trade Technologies, headquartered in Irvine, California, today announced the launch of new services which will enable brokers to become compliant with European Securities and Markets Authority (ESMA) and the Markets in Financial Instruments Directive (MIFID II) new regulations and guidelines. The offering will provide dedicated solutions to meet the best execution policy requirements described in…

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March 17, 2017 BY LeapRate Staff

CySEC suspends license of forex broker BoursePro due to "Persons who effectively direct the business"

Cyprus financial regulator ended the week by issuing a temporary suspension of the CIF license of forex and binary options brokerage group Boursotrade Ltd. Boursotrade operates several brands including BourseBinary (binary options) and BoursePro (retail forex). CySEC's stated reasons for the suspension included non-compliance with: Persons who effectively direct the business of a CIF, and Capital…

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cysec license suspended
March 17, 2017 BY Valentina Kirilova

Boursotrade Ltd. license suspended by CySEC

The Cyprus Securities and Exchange Commission (CySEC) just announced that the authorisation of the Cyprus Investment Firm Boursotrade Ltd, number 235/14, is suspended, as there are suspicions of an alleged violation of: section 28(1) of the Law, due to the Company’s possible non compliance at all times with the authorization and operating conditions down in…

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banned
March 17, 2017 BY LeapRate Staff

CySEC gets tougher on bonus schemes, banning referral payments, trading competitions, and cash rebates

Cyprus financial regulator CySEC has issued an information circular, providing what it calls "additional guidance" to CIF licensed brokers on the types of bonus incentives which are no longer permissible to be offered to retail clients. In its original announcement on November 30 regarding new rules governing bonuses and trading leverage (which was exclusively revealed by LeapRate…

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AFM imposes an order for incremental penalty payments on Miscanthus Green Power B.V.
March 14, 2017 BY Valentina Kirilova

Netherlands AFM suspends trading in New Sources Energy NV

The Dutch Authority for the Financial Markets (AFM) just announced that it has given an instruction to suspend trading in New Sources Energy NV. Financial instrument: Shares ISIN code: NL0009822014 The reason for suspension has not been announced yet, but trading in New Sources Energy NV will be forbidden with immediate effect, as from 14th…

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