FCA stated: We have no intention to use our powers to compel IBA to continue to publish the 1- and 6-month synthetic sterling LIBOR settings. The regulator added: Market participants need to ensure they are prepared for the permanent cessation of 1- and 6-month synthetic sterling LIBOR on 31 March 2023. However, the deadline for…
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The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Earlier in August, CySEC added six companies to its warning list.
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In the official statement, BaFin Stated: The company claims on its website that it is regulated by the U.S. Securities and Exchange Commission, but this cannot be verified. The regulator added: Companies that conduct banking business or provide financial services in Germany require authorisation under the KWG. However, some companies operate without the necessary authorisation.…
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Niels Hjort Rotendahl, CEO, Euronext Securities Copenhagen, said: With ESG as a central component for investors, the need for best-in-class governance and stewardship practices has never been stronger. Our collaboration with Broadridge will provide a more direct chain of proxy communications, and a higher level of service quality for all players. This comes at a…
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The Aussie regulator said: The financial requirements aim to ensure Australian financial services licensees have adequate financial resources to operate their business in compliance with the Corporations Act 2001, and to manage the operational risks inherent in the OTC derivatives market. Minimizing risk to retail traders ASIC has been bringing restrictions to protect retail traders.…
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ASIC will also monitor two of ASX subsidiaries, ASX Clear and ASX Settlement, and their compliance with the additional license conditions, imposed in November 2021, following an outage on the stock trading platform. The official corporate plan stated: We will also analyse and assess the ASX operating rules changes necessary for the CHESS replacement, and…
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The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Earlier in June, CySEC added seven companies to its warning list.
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The reasons behind the MPS renouncing the license were not disclosed in CYSEC’s press release, however the company has faced regulatory issues in the past. The Cypriot regulator suspended MPS’s CIF license for a year in September 2019 on suspicions of an alleged violations of the law that may cause concern and risk relating to…
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Chairman of Cyprus Securities and Exchange Commission (CySEC), Dr. George Theocharides, said: To achieve CySEC’s mission to exercise effective supervision, ensure investors’ protection and the healthy development of the capital market, CySEC is adopting changes to its supervisory processes when it comes to monitoring cross-border activities. This will ensure that poor practices and possible violations…
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Theocharides added: It is particularly worrying that already low financial literacy levels are also declining and this has exacerbated the risk of young people not fully understanding the unique characteristics and risks that trading in these products can carry and many will get in over their head. CySEC further raised concerns over the growing endorsement…
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