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 Newmont Wealth Advisory. Newmont Wealth Advisory is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreThe Financial Conduct Authority (FCA) has announced that it has today finalised rules creating a new category within its premium listing regime to cater for companies controlled by a shareholder that is a sovereign country. In July last year, the FCA consulted on proposals aimed at encouraging such companies to choose the higher standards of…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Light Finance. 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 tactics to…
Read moreThe China Banking and Insurance Regulatory Commission (CBIRC) and the Hong Kong Securities and Futures Commission (SFC) have announced that they have entered into a Memorandum of Understanding (MoU). The MoU is regarding the cooperation and exchange of information in connection with the supervision and oversight of regulated entities of the CBIRC or the SFC…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Mutual Fund Ltd. 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 tactics…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loanovao. 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 tactics to scam…
Read moreOn June 4, Shenzhen Stock Exchange (SZSE) has announced that it has released the Notice on Adopting the SZSE Corporate Bond Listing Agreement and SZSE Asset-backed Security Transfer Service Agreement (hereinafter as the “Notice”). According to the Notice, the new Corporate Bond Listing Agreement and ABS (Asset-backed Security) Transfer Service Agreement (New Agreements) will be…
Read moreThe Hong Kong Securities and Futures Commission (SFC) announced that it has publicly censured and imposed a 24-month cold-shoulder order against Chan Shing for breaching the mandatory general offer obligation of the Takeovers Code. Chan was the chairman and managing director of Burwill Holdings Limited at the time the breach took place. He and his…
Read moreSolactive has just announced the launch of the Solactive Australian Investment Grade Corporate Bond Select TR Index used as the basis for BetaShares Australian Investment Grade Corporate Bond ETF (CRED). The index seeks to replicate the performance of a portfolio of investment grade, senior corporate bonds denominated in Australian dollars (AUD). The index methodology will…
Read moreAustralian regulator ASIC has announced that it has permanently banned Mr Max Kiattisak Eung (also known as Kiattisak Eungpongpan), of Tempe, New South Wales from providing financial services and engaging in credit activities. Mr Eung was banned following an ASIC investigation into his conduct between March 2016 and December 2016 while he was a financial…
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