The Board of the Cyprus Securities and Exchange Commission (CySEC) just informed that, at the meeting held on 23 January 2017, has decided to impose a total administrative fine of €63.000 to CIF PriorFX Ltd for non compliance with the following: The company has failed to comply at all times with the authorization and operating conditions, as…
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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 Courington Law. Courington Law is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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The Financial Conduct Authority (FCA) have today published their eighth data bulletin. This edition focuses on insights from the consumer contact centre, as well as the latest trends in the retirement income market. The consumer contact centre is the main point of contact for consumers of financial services firms who want to interact with the…
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ASIC has applied to the Federal Court of Australia for the appointment of a provisional liquidator to six companies within the Macro Group, all of which have Desiree Veronica Macpherson as a director. These are: Macro Realty Developments Pty Ltd; Macro Realty Developments AFSL Pty Ltd; Macro All State Investments and Securities Ltd; Pilbara Property…
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BGC Partners (Australia) Pty Limited (BGC) has paid a total penalty of $90,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP), ASIC announced earlier today. The MDP had reasonable grounds to believe that BGC had contravened subsection 798H(1) of the Corporations Act 2001 (Cth) by failing to comply…
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The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in The European Union’s Market Infrastructure Regulation (EMIR). The MoU was signed on behalf of the DFSA by Chief Executive, Mr Ian…
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Under a new Co-Operation Agreement, innovative FinTech businesses in Ontario and the United Kingdom will be able to seek support from their financial regulators as they seek to operate in the other’s market. Signed this week, the Agreement allows the Financial Conduct Authority (FCA) and the Ontario Securities Commission (OSC) to refer to one another…
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The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, published a report into exchanged-based financing of Small and Medium Enterprises (SMEs), aimed at identifying globally-consistent barriers and opportunities for enhancing SME access to equity finance. As significant employers and potential contributors to global economic development, the…
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STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today introduced the EURO STOXX 50 Corporate Bond Sector, Rating and Maturity Bucket Sub-Indices. They expand the EURO STOXX 50 Corporate Bond Index, which was launched in April and is the fixed income equivalent of…
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The Stock Exchange of Hong Kong Limited (HKEX) announces that with effect from 9:00 a.m. on 24 February 2017, the listing of the shares of China Forestry Holdings Co., Ltd. will be cancelled in accordance with the delisting procedures under Practice Note 17 of the Listing Rules. Trading in the Company's shares has been suspended…
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