These new rules will align the country’s merger practices with those of developed economies. Coming into effect on 1 January 2026, these regulations aim to identify and prevent anti-competitive deals. Gina Cass-Gottlieb, the chairperson of ACCC, said: We welcome the Treasurer’s announcement today that the government will move to strengthen Australia’s merger laws, which…
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These divisions reportedly did not implement protocols to create, sustain, and execute suitable supervisory systems regarding non-traditional ETPs. This action comes a decade after FINRA fined the company for similar transgressions. Since the 2014 misdeeds, the Stifel Financial Corporation (SF) subsidiaries devised new policies, but these also seemingly fell short of regulatory requirements. Investors hold…
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The five investigations concern potential breaches by Alphabet Inc’s (GOOG), which owns Google, Apple Inc. (AAPL), and Meta Platforms, Inc. (META). Instigating these probes only two weeks after the DMA’s deadline shows the European Union (EU) is taking the legislation and gatekeeper compliance seriously. The law came into effect on 7 March 2024. It requires…
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European authorities have been mulling over the possibility of seizing frozen Russian assets, including those belonging to the central bank, to fund Ukraine's reconstruction. However, there are concerns that the negative impacts of such an action, including possible retaliation and a decrease in confidence in European assets, might outweigh the benefits. Using a currency as…
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Questioning reporting on its debt and earnings before interest, taxes, depreciation and amortisation (EBITDA), Gotham alleges misrepresentations in this regard to reduce the Grifols leverage ratio. The hedge fund further stated that the actual leverage ratio is about 10 to 13 times the EBITDA, instead of the six times reflected in the Grifols financial reports.…
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The CME panel's investigation uncovered that on 8th June and 9th June 2022, DBAG London was utilising an automated trading system (ATS). This system executed numerous conflicting buy and sell orders on behalf of a single account across three distinct futures markets: June 2022 New Zealand Dollars Futures (Non-inverted CME FX Link Spreads), Swiss Franc…
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Between 6 October and 7 November, the ministry had planned to purchase foreign currency to combat lower oil and gas earnings, worth approximately 398.7bn roubles; however, the ministry’s new decision seems that the postponement may continue throughout the early months of 2024. On Thursday, the rouble registered as 93:1 USD following sanctions made by the…
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During this meeting, the SEC will evaluate whether the lower transaction prices and rebates going to larger firms with higher trading volumes create an unfair competitive advantage. Reuters reported that before the start of the meeting, SEC officials indicated that the complexity of pricing levels between different exchanges can result in significant cost differences. They…
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In August, regulators in Finland and Norway announced their intentions to ban Yango from transferring data. This decision was however revoked and seems to be a knee-jerk response to controversial legislation that came into effect on 1 September. This law grants Russia access to data processed through taxi services. The Dutch authorities reacted similarly and…
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While several other major companies have opted to exit the UK to avoid legal hot water, Binance is willing to adhere to increasingly stringent compliance requirements to remain active in the market. The good news for customers is that most of its services comply with the new regulations. That means Margin Trading, Spot Trading, Binance…
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