Category: Regulation

February 24, 2017 BY Valentina Kirilova

The Canadian Securities Administrators launches a regulatory sandbox initiative

The Canadian Securities Administrators (CSA) launched a regulatory sandbox, an initiative that supports businesses seeking to offer innovative products, services and applications. The objective of this initiative is to facilitate the ability of those businesses to use innovative products, services and applications all across Canada, while ensuring appropriate investor protection,” said Louis Morisset, CSA Chair…

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February 23, 2017 BY Valentina Kirilova

FCA warns against Courington Law firm

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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February 23, 2017 BY Valentina Kirilova

FCA publishes new data on trends in the retirement income market

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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February 23, 2017 BY Valentina Kirilova

Dubai FSA signs MoU with ESMA

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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UN report says North Korea laundered $2 billion theft via Hong Kong firm
February 22, 2017 BY Valentina Kirilova

Ex-Forex traders in Singapore jailed for cheating banks

Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 15 weeks for cheating the banks by making false trades, Bloomberg reported earlier today. Former HSBC senior dealer Ivan Chng was sentenced to 15 weeks in jail, Singapore High Court Justice See Kee Oon…

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February 22, 2017 BY Valentina Kirilova

Canada's Joint Serious Offences Team makes first arrest in fight against financial crime

The Alberta Securities Commission (ASC) and the Alberta RCMP announced that Neil Andrew McDonald of Calgary has been charged with alleged breaches of the Criminal Code following an investigation by the Joint Serious Offences Team (JSOT) in Alberta. McDonald has been criminally charged with seven counts of fraud over $5,000 contrary to section 380(1)(a), one…

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February 22, 2017 BY LeapRate Staff

Regulatory reporting specialist Abide Financial applies for ARM and APA status ahead of MiFID II

Regulatory reporting services provider Abide Financial has announced that it has applied to become an Approved Publication Arrangement (APA) and Approved Reporting Mechanism (ARM) in order to provide enhanced MiFID II (Market in Financial Instruments Directive) services leading up to enhanced scope enforcement in January 2018. Abide Financial is a unit of NEX Group PLC (LON:NXG). NEX…

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