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 firm 53 Capital Trade. 53 Capital Trade is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Hong Kong Securities and Futures Commission (SFC) has issued a Restriction Notice on W. Falcon Asset Management (Asia) Limited (W. Falcon) to safeguard the assets of the firm and its clients, and to protect the interest of its clients and the investing public. The restriction notice is to prohibit the firm, without the SFC’s…
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Financial Stability Board reinforces latest Saxo Payments White Paper Research The findings from the latest Financial Stability Board (FSB) underlines the ongoing challenges faced by businesses, when trading internationally, reinforcing the findings produced in Saxo Payments White Paper Cross Border Payments for Cross Border Merchants – An Internationally ‘Local’ Future – published last week. Anders…
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The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), announced the appointment of members to the Listing Committee of the Main Board and Growth Enterprise Market (GEM) (together, the Listing Committee). The Listing Rules of the Main Board and GEM provide for all Listing…
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TMX Group Limited (TSX:X) just announced June 2017 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX. MX set a new all-time record for total volume in June, surpassing 10 million derivatives contracts traded for the first time in history. MX's key products…
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The European Securities and Markets Authority (ESMA) has published three Consultation Papers (CP) on the Prospectus Regulation. The Prospectus Regulation, in the context of the Capital Markets Union action plan, aims to make it easier and cheaper for companies, and in particular smaller companies, to access capital and improve prospectus accessibility for investors. The three…
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ASIC announced that is concerned that some accountants may be harming retail investors by inappropriately providing 'sophisticated investor' certificates. In general, companies raising money by offering shares to retail investors must give the investors sufficient information by providing a prospectus or other regulated disclosure document. This helps investors in making a decision whether to invest…
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ASIC announced that has launched legal proceedings against Gold Coast-based credit repair business, Malouf Group Enterprises Pty Ltd (Malouf Group), and its director Jordan Francis Malouf. ASIC alleges that between 1 January 2014 and 31 December 2015, Malouf Group made false or misleading representations and engaged in unconscionable conduct in the operation of its credit…
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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 firm Markets Trading Ltd. Markets Trading Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Metropolitan Stock Exchange of India (MSE), one of the three national stock exchanges, announced that has sought time for setting new timelines for extended trading hours in the equity capital market segment. The exchange clarified that the circular dated 5th July, 2017 talking of extension of its trading hours from 9:00 am to 5…
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