Tag: Compliance

April 08, 2014 BY Gerald Segal

CFTC Staff Issues an Extension of Time-Limited No-Action Relief to FCMs

The extension of no-action relief will expire on June 30, 2014 In an official news release, the U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued an extension of time-limited no-action relief to FCMs. On November 14, 2013, the Commission adopted amendments to Commission Regulations 1.20, 22.2, and…

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March 26, 2014 BY Andrew Saks-McLeod

Santander UK receives £12.4 million penalty from FCA due to investment advice failings

UK division of European financial giant settles early with FCA to avoid fine of almost £17.7 million following FCA inspection which unearthed improper advice on investment products Amid the Financial Conduct Authority (FCA)'s current drive toward strengthening its regulatory stronghold over individuals and companies which offer financial advice to retail clients, the British regulatory authority…

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April 30, 2013 BY Gerald Segal

Integral first to meet new CFTC trade disclosure requirements

Integral reports it is the first company to meet an important pricing compliance requirement for the CFTC's EBCS. Integral Development Corp., a leading provider of FX trading solutions and services, has announced that they have upgraded their service to meet the two most prominent requirements of the External Business Conduct Standards (EBCS) just before the…

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April 26, 2013 BY Gerald Segal

Leverate completes ISAE Level 2 data security audit

Audit by Deloitte certifies Leverate as exceeding banking standards in data security. Leverate, a leading provider of technology solutions for the Forex industry, has announced that they have completed an 18 month long audit project with Deloitte showing that they are certified as “ISAE 3402 Type II complaint and effective.” ISAE Level II demonstrates that Leverate…

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April 18, 2013 BY Gerald Segal

City Index Australia required to have independent expert 'babysit' and report to ASIC

Follows ASIC review of City Index Australia involving weaknesses in handling client money. Australia's financial regulator ASIC has announced that it is requiring City Index Australia to appoint an independent expert to review its business and develop a plan to rectify certain deficiencies. The independent expert will report regularly directly to ASIC for the next 18…

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