Dutch Authority for the Financial Markets (AFM) imposed an administrative fine on biotech company Esperite N.V in the amount of €312,500, on 14 February 2020. Esperite failed to make its finances of 2017 and 2018 publicly available on time. Esperite’s deadline for its annual revenue of 2017 was on 30 April 2018 but the report…
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The Dubai Financial Services Authority (DFSA) has just announced that it has fined the company Enness Limited (Enness DIFC) USD 105,000 (approximately AED 386,000) for engaging in unauthorised activity outside the scope of its Representative Office DFSA Licence. As a Representative Office, Enness DIFC is only permitted to carry out a narrow set of activities…
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Deutsche Börse has just released fresh news from its commodities sector. The assets under custody of Xetra-Gold exceeded the 10 billion Euro mark for the first time. The physical holdings of the Gold ETC are deposited in the central vault for German securities in Frankfurt and are currently 209.98 tonnes, up 6.39 tonnes since the…
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The Cyprus regulator CySEC has earlier this week announced the company OMEGASERVE SECRETARIAL LTD waived its authorisation with Νumber 109/196. The company's authorisation lapsed as from January 2, 2020 and CySEC has permanently deleted OMEGASERVE SECRETARIAL LTD from the Register. OMEGASERVE remains under the supervision of CySEC until its compliance with any of its outstanding…
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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 Everyday Finances, Premium Dax, BT Save, Duxa Capital, as well as the clone firms TL Financial Consultancy and Hiroseoption. According to the regulator, the…
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California-based firm Wells Fargo & Co. was charged for misleading investors about the success of its core business strategy, the Securities and Exchange Commission (SEC) announced last week. According to the regulator, the company has agreed to pay $500 million to settle the charges, which will be returned to investors. The payment is part of a…
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Australian regulator ASIC announced earlier today that it is seeking feedback on proposals to grant relief for voluntary escrow arrangements and pre-prospectus communications in connection with an initial public offer (IPO). Currently companies that are considering undertaking an IPO must apply to ASIC for individual relief and pay application fees. The watchdog is about to…
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Singapore Exchange (SGX) just announced that it has launched methanol futures and swap contracts to help methanol producers, traders and downstream users manage risk and improve price discovery amid rising demand. Both new features (SGX Platts Methanol CFR China Swap and the SGX Platts Methanol CFR China Futures) will be listed with 12 consecutive contract…
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Australian Securities Exchange (ASX) has announced that it has teamed up with S&P Dow Jones Indices (S&PDJI) to launch the S&P/ASX All Technology Index (All Tech Index), ahead of its go-live on Monday, 24 February. The new index captures ASX-listed companies in the fast-growing technology sector. ASX CEO and Managing Director, Dominic Stevens, said that…
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The Cyprus regulator CySEC has earlier today warned investors about the following websites: naga-markets.online icfxmarkets.com caliburcapital.net According to the regulator, these websites do not belong to an entity which has been granted an authorization for the provision of investment services. CySEC once again urged investors to consult its official website before conducting business with investment…
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