The Hong Kong Securities and Futures Commission (SFC) just reminded market participants that with effect from 15 March 2017, reporting will be required for reportable short positions in all Designated Securities eligible for short selling specified by The Stock Exchange of Hong Kong Limited. This follows the completion of a two-month pilot test of the…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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The Financial Services Agency of Japan (JFSA) and the UK’s Financial Conduct Authority (FCA) have exchanged letters on a Co-operation Framework to support innovative FinTech companies. This Exchange of Letters between the JFSA and the FCA will provide a regulatory referral system for Innovator Businesses from Japan and the UK seeking to enter the other’s…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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NEX Group PLC (LON:NXG), formerly known as ICAP plc, has announced the launch of NEX Regulatory Reporting. Led by Collin Coleman and powered by Abide Financial which NEX Group acquired late last year, NEX Regulatory Reporting brings together a suite of best-in-breed services under a single umbrella to offer clients an extremely powerful and versatile reporting…
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Every several months, it seems, Cyprus financial regulator CySEC puts out some version of a warning against impersonators appearing as CySEC officials in an attempt to scam unsuspecting investors. In the latest iteration, recent instances came to the attention of CySEC which involve correspondence from the US, Canada and the Dominican Republic in which persons…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loans 2 Go. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
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The Autorité des marchés Financiers (AMF) just announced the new composition of the Financial Skills Certification Board. The mechanism for verifying the level of knowledge of employees of investment services providers relies on the services of the AMF and the Financial Skills Certification Board. The Certification Board is now under the chairmanship of Bernard Coupez.…
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The Commission de Surveillance du Secteur Financier (CSSF) warned the public of the activities of an entity named Direkt Finanz AG. Direkt Finanz AG is operating at website: www.direktfinanz.net, claims to be established at 26, boulevard Royal, L-2449 Luxembourg and offers loans to the public. The CSSF informed the public that the entity named Direkt…
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Ontario Securities Commission (OSC) Chair and CEO Maureen Jensen announced today the following appointments to the OSC. The Commissioners will each serve a two-year term effective February 2, 2017. Robert P. Hutchison spent more than 40 years with Borden Ladner Gervais LLP, where he practiced business law, focusing on financial services. In addition to advising…
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