The Emirates Securities and Commodities Authority (ESCA) and the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) entered into an MOU today to enhance cooperation and to foster financial innovation, thus meeting the needs of UAE-based capital markets. The MOU was signed by H.E. Dr. Obaid Saif Al Zaabi, Acting CEO…
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Singapore Exchange (SGX) today welcomed the listing of Lion-Phillip S-REIT ETF, jointly launched by Lion Global Investors Limited (Lion Global Investors), one of the largest asset management companies in Southeast Asia, and Phillip Capital Management (S) Ltd. (“Phillip Capital Management”), a home-grown Asian fund management company. This marks the first ETF listing by Lion Global…
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The London Metal Exchange and LME Clear (together, the LME) today announced the delivery programme for their strategic pathway, including product launches, membership enhancements and new trading efficiencies. 2017: carry fee reductions; financial OTC booking fee consultation; tick size review H1 2018: introducing broker membership; B share initiatives; optional T2 booking model H2 2018: new…
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NZX informed it will launch a Global Skim Milk Powder (SMP) Option contract on December 4, 2017. This follows all regulatory requirements being met, including approval of the contract specification from the Financial Markets Authority. The contract is being launched in response to growing trading volumes in NZX’s SMP Futures market, which are up 113%…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bizzy Loans. 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…
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TMX Group (TSX:X) announced Brazilian mining company Nexa Resources S.A (Nexa), formerly known as Votorantim Metais Holding S.A, has began trading on Toronto Stock Exchange (TSX) under the symbol TSX:NEXA. We are extremely proud to welcome Nexa to Toronto Stock Exchange, in a celebration marking one of the largest mining IPOs in our 165-year history,"…
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The Federal Court informed that it has imposed a civil penalty of $1 million against Melbourne-based financial advice firm NSG Services Pty Ltd (currently named Golden Financial Group Pty Ltd) (NSG) for breaches of the best interests duty introduced under the Future of Financial Advice (FOFA) reforms. This is the first civil penalty imposed on…
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ASIC informed that it has suspended the Australian financial services (AFS) license of M.J. Wren & Co Pty Ltd (MJ Wren) until 16 October 2018. MJ Wren ceased providing financial services in May 2017 after ASIC identified that MJ Wren had failed to comply with the risk-based capital requirements set out in the market integrity…
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Mr Shane Thompson, of New Gisborne, Victoria, has pleaded guilty in the Melbourne Magistrates' Court to two charges that he forged and submitted financial planning documents for his own personal gain, ASIC informed earlier today. The charges, brought by ASIC, allege that between 27 December 2012 and 1 March 2013, Mr Thompson completed 22 false…
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Canada's premier exchange group moves to accelerate growth as a global data and analytics solutions provider with planned addition of European pre-trade energy platform, and announces analyst conference call to discuss TMX Group Limited (TSX:X) today announced it has entered into an agreement to acquire London-based Trayport Holdings Limited, and its U.S.-based affiliate, Trayport Inc.…
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