The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) announced that has: imposed a cautionary suspension, for a period of 90 days, pursuant to article 101, paragraph 4, letter b), of the Consolidated Law on Finance (TUF), on the advertising activity carried out through the…
Read more
The U.S. Commodity Futures Trading Commission’s (CFTC) Divisions of Swap Dealer and Intermediary Oversight (DSIO), Clearing and Risk, and Market Oversight (Divisions) has issued a time-limited no-action letter that extends relief to swap dealers (SDs) registered with the CFTC that are established under the laws of jurisdictions other than the United States (Non-U.S. SDs) from…
Read more
The Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) and ASIC announced that have today signed a Cooperation Agreement which provides a framework for cooperation to support and understand financial innovation in each jurisdiction. This Agreement expands ASIC's fintech cooperation network to a dynamic region with enormous potential. The Middle East and North…
Read more
The Securities and Exchange Commission (SEC) has announced an award of nearly $2.5 million to an employee of a domestic government agency whose whistleblower tip helped launch an SEC investigation and whose continued assistance enabled the SEC to address a company's misconduct. 'Whistleblowers can provide a wealth of information and ongoing assistance that helps our…
Read more
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 Asashi Mergers and Acquisitions Group. Asashi Mergers and Acquisitions Group is not authorised by the FCA but has been targeting people in the UK and is…
Read more
Eurasian Development Bank is the first ever international financial institution to receive admission to MOEX Derivatives Market as a member firm, Moscow Exchange announced earlier today. Since 14 July 2017 Moscow Exchange has allowed international financial institutions to trade FX and interest rate derivatives on MOEX Derivatives Market's money section on the same on terms…
Read more
The Financial Conduct Authority (FCA) has today launched proposals to help customers make effective comparisons of the service levels available for personal current accounts and business current accounts. The FCA proposes to require firms who offer personal current accounts and business current accounts to publish service information about: how long it takes to open an…
Read more
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 Zurich Capital. Zurich Capital is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read more
The Cyprus Securities and Exchange Commission (CySEC) has announced that, on 5th June 2017, the CIF New Vault Ltd, renounced its authorisation pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the CIF authorisation with Νumber 304/16 lapsed as from the abovementioned…
Read more
Nasdaq, Inc. (Nasdaq:NDAQ) announced that it has entered into a definitive agreement to acquire Sybenetix, a surveillance provider that combines behavioral analytics and cognitive computing with financial markets expertise. Sybenetix’s technology offering is designed to solve key surveillance challenges facing the asset management industry. The addition of Sybenetix to Nasdaq's Risk & Surveillance suite of…
Read more