Category: Financial Services

July 12, 2017 BY Valentina Kirilova

CDS extends agreement with DTCC’s GLEIF-accredited GMEI utility

Canada's national securities depository, clearing and settlement hub extends commitment to helping clients more effectively manage systemic and counterparty risk The Canadian Depository for Securities (CDS), a wholly-owned subsidiary of TMX Group (TSX:X), has today commended The Depository Trust & Clearing Corporation's (DTCC) subsidiary operating the Global Markets Entity Identifier utility (GMEI utility) on receiving…

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FINRA's 2018 volume tops 2017 activity by 87%
July 12, 2017 BY Valentina Kirilova

FINRA launches reporting of treasury transactions

A new requirement for securities firms to report certain transactions in Treasury securities to FINRA was implemented successfully yesterday, providing regulators with a new tool to increase understanding and enhance surveillance of this bellwether market. The rule requires that FINRA member firms report secondary-market transactions in Treasury securities except savings bonds to TRACE, FINRA’s Trade…

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Regulation
July 12, 2017 BY Valentina Kirilova

EBA publishes final Guidelines on authorisation and registration under PSD2

The European Banking Authority (EBA) published today its final Guidelines on the information to be provided by applicants intending to obtain authorisation as payment and electronic money institutions as well as to register as account information service providers (AISP) under the revised Payment Service Directive (PSD2). These Guidelines are in support of the objective of…

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clone firm FCA warning
July 12, 2017 BY Valentina Kirilova

FCA warns against Rothschild Asset Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Rothschild Asset Management. 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…

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OSC
July 12, 2017 BY Valentina Kirilova

OSC publishes summary report for dealers, advisers and investment fund managers

The Ontario Securities Commission (OSC) has today published OSC Staff Notice 33-748 Annual Summary Report for Dealers, Advisers and Investment Fund Managers. The report provides key information to registrants to help them comply with registration and compliance requirements under Ontario securities law. Current trends in registration, common deficiencies in compliance reviews, and new and proposed…

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CFTC offices
July 12, 2017 BY Valentina Kirilova

CFTC charges GDLogix Inc with fraud connected with foreign currency derivatives commodity pool scheme

The U.S. Commodity Futures Trading Commission (CFTC) announced that has filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Daniel Winston LaMarco and his company, GDLogix Inc., charging them with off-exchange foreign currency derivatives (forex) fraud, commodity pool fraud, and failure to register with the…

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