Tag: EU regulation

ESMA ceases renewal of product intervention CFDs measures
July 12, 2019 BY Valentina Kirilova

ESMA warns providers selling CFDs to retail clients

The EU’s securities markets’ regulator ESMA has just published a statement addressed to providers marketing, distributing or selling CFDs to retail clients. The regulator pointed out that it has serious concerns about firms’ marketing, distribution or sale of CFDs to retail clients and reminded CFD providers about some of the requirements connected with the offering…

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July 14, 2015 BY Mike Fox

Malta updates policies for Forex brokers

The MFSA has just updated its policy on online forex trading service providers, licensed as Category 2 or Category 3 Investment Service Licence holders. Key changes are its threshold in relation to the requirement of a direct qualifying shareholding by a licensed entity and enhanced consumer protection warnings.

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March 26, 2014 BY Gerald Segal

Spin off and reorganization at BNP Paribas amid changes

French bank BNP Paribas dealing with ever changing regulatory environment BNP plans a separate derivatives clearing business, as part of its near term strategy to increase earnings at its fixed income business. BNP Paribas will shift its OTC client clearing and FX prime brokerage operations alongside its listed derivatives clearing business. The businesses had previously sat…

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March 20, 2014 BY Andrew Saks-McLeod

ESMA publishes list of authorised CCPs relating to OTC derivatives

NASDAQ OMX having become a CCP in Europe has prompted swift action by ESMA in setting forth OTC derivatives clearing guidelines Following the authorization of NASDAQ OMX as the first EU-based central counterparty (CCP) on March 18, 2014, the European Securities and Markets Authority (ESMA) has today published information about NASDAQ OMX and the contracts…

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February 25, 2014 BY Gerald Segal

ESMA launches an EU wide register of regulated companies

It was about time to have a single framework to access EU wide information through a single resource It's been a long time coming - finally the European authority in charge of financial markets, the ESMA (European Securities and Markets Authority), has issued a press release that details the introduction of a single, consolidated register for…

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December 10, 2013 BY Gerald Segal

German BaFin argues for Libor benchmark calculation changes

After Libor and Euribor, recent FX rates manipulation probes, EU regulators seem to be toughening up Over the weekend German financial regulator BaFin has announced that it would be in the interest of the financial markets to conduct a thorough reform to the setting of financial markets benchmarks such as Libor. Chief Executive Director Raimund…

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