New Chair of FCA’s Smaller Business Practitioner Panel announced LeapRate

March 23, 2017 BY Valentina Kirilova

New Chair of FCA’s Smaller Business Practitioner Panel announced

Just two days after appointing Nick Stace as a Non-Executive Director to its board, the Financial Conduct Authority Chairman, John Griffith-Jones, has announced the appointment of a new Chair for the FCA’s independent Smaller Business Practitioner Panel. Craig Errington, Group Chief Executive of specialist financial mutual Wesleyan, becomes Chair of the FCA Smaller Business Practitioner…

March 23, 2017 BY Valentina Kirilova

ASIC accepts enforceable undertaking from former Macquarie Equities Limited adviser

ASIC announced that has accepted an enforceable undertaking (EU) from Anthony Wilson, a former representative of Macquarie Equities Limited. Under the EU, Mr Wilson undertakes that he will not provide financial services on behalf of himself or any other person, for a period of four years. ASIC was concerned that Mr Wilson's advice during the…

March 23, 2017 BY Valentina Kirilova

FCA warns against 10 Markets.com

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 10 Markets.com. 10 Markets.com is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

March 23, 2017 BY Valentina Kirilova

ASIC accepts enforceable undertaking from Barclays entities

Yesterday, ASIC accepted an enforceable undertaking (EU) from three Barclays foreign financial service providers (FFSPs): Barclays Capital Inc. (BCI) domiciled in the United States of America Barclays Capital Asia Limited (BCAL) domiciled in Hong Kong, and Barclays Capital Securities Limited (BCSL) domiciled in the United Kingdom, collectively 'the Barclays entities.' As part of the terms…

March 22, 2017 BY Valentina Kirilova

GPW extends fee reductions for market makers

The Warsaw Stock Exchange announced that extends the fee reduction for Market Makers of WIG20 futures until 30 September 2017. Under the promotion the exchange has reduced fees between 27% and 41% with respect to volume threshold reached by eligible entity. Volume thresholds are as follows: from 15 000 up to 35 000 contracts –…

March 22, 2017 BY Valentina Kirilova

Stock Exchange of Thailand to move to T+2 Settlement Cycle in March 2018

The Stock Exchange of Thailand (SET) announced the target implementation date for the two-day settlement cycle (T+2) on March 2, 2018. SET President Kesara Manchusree commented: The target date to move toward T+2 settlement cycle, from the current T+3, has been extensively consulted with all stakeholders namely The Securities and Exchange Commission (SEC), Bank of…

March 22, 2017 BY Valentina Kirilova

SFC obtains court orders to freeze bank accounts in suspected Pyramid and Ponzi scheme

The Securities and Futures Commission (SFC) today obtained an interim order from the Court of First Instance to freeze approximately $2.66 million in the bank accounts of Mr Heriberto C. Perez Valdes in connection with a suspected Pyramid and Ponzi scheme. The SFC alleges that Valdes was involved in the scheme operated by DFRF Enterprises…

March 22, 2017 BY Valentina Kirilova

CFTC refuses registrations of Zero Chaos Advisors LLC and Ronald Edward Fisher

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Opinion and Order refusing registration with the CFTC for Zero Chaos Advisors, LLC and Ronald Edward Fisher. Additionally, Zero Chaos and Fisher agree never to apply for CFTC registration or claim exemption from registration; and never to engage in any activity requiring registration with the…

March 22, 2017 BY Valentina Kirilova

TFX adds Packs and Bundles functions as trading strategies of Three-month Euroyen futures

The Tokyo Financial Exchange (TFX) announced that will add Packs and Bundles functions as trading strategies of Three-month Euroyen futures. While TFX currently offers a fee discount program for synthetic Packs and Bundles transactions executed via block trade facility (off-exchange), it will introduce another fee discount program Packs and Bundles executed on-exchange. Packs Strategy purchase…

March 22, 2017 BY Valentina Kirilova

Japan SESC to fine Prospect Asset Management, Inc. for insider trading

The Securities and Exchange Surveillance Commission (SESC), today, made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to insider trading of the shares of Tri-Stage inc. by Prospect Asset Management, Inc. (PAMI) pursuant to Article 20(1) of the…

Category: Financial Services