Category: Regulations

May 14, 2018 BY Valentina Kirilova

BNP Paribas AM obtains QDLP qualification in China

BNP Paribas Asset Management (BNPP AM) announced that its wholly foreign-owned enterprise (WFOE), BNP Paribas Overseas Investment Fund Management (Shanghai) Co. Limited, has been granted a Qualified Domestic Limited Partner (QDLP) qualification. The Shanghai-based QDLP programme allows global asset managers to raise funds from domestic investors in China to buy overseas traditional and alternative assets…

Read more
May 13, 2018 BY LeapRate Staff

Canadian regulator BCSC warns against Forex and Bullion broker Truevalue Investment

Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated offshore broker Truevalue Investment International Limited. The company operates from websites truevalueinvestmentint.com and truevalueinvestsint.com. Truevalue Investment claims to provide sophisticated forex, bullion and…

Read more
May 03, 2018 BY LeapRate Staff

SteelEye and MAP FinTech collaborate in research and development for Regulatory Reporting

SteelEye, the compliance technology and data analytics firm and MAP Financial Technologies Limited, (MAP FinTech) which specialises in regulatory reporting solutions have announced a research and development partnership. The partnership will focus on the two firms’ complementary areas of regulatory reporting, specifically relating to EMIR, MIFID-II/MIFIR and Best Execution solutions. SteelEye has developed an intelligent…

Read more
April 30, 2018 BY Valentina Kirilova

ICE Benchmark Administration becomes authorised benchmark administrator

Intercontinental Exchange, Inc. (NYSE:ICE), a operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Benchmark Administration Limited (IBA) has been authorised as a regulated benchmark administrator under the EU Benchmarks Regulation (BMR). Authorisation was granted by the UK’s Financial Conduct Authority (FCA) on April 27, 2018.…

Read more
April 12, 2018 BY Valentina Kirilova

EU Financial Regulators warn against risks for EU financial markets, Brexit, asset repricing...

The securities, banking and insurance sectors in the European Union (EU) face multiple risks, the Joint Committee of the European Supervisory Authorities (ESAs) latest report shows. The ESA report for the second half of 2017 outlines the following risks as potential sources of instability: sudden repricing of risk premia as witnessed by the recent spike…

Read more
April 11, 2018 BY Valentina Kirilova

AxiTrader gets DFSA license, opens Dubai DIFC office

Australia based Retail FX broker AxiTrader has announced the official opening of its new office in Dubai. Combined with a DFSA (Dubai Financial Services Authority) license and fully staffed by a dedicated local team, the company is well positioned to continue its recent growth in the Middle East region. The launch of this latest operation,…

Read more
April 05, 2018 BY LeapRate Staff

Bitcoin margin trading site Stocksbtc.com claiming fake Malta MFSA license

Malta's financial regulator The Malta Financial Services Authority (MFSA) has announced that it has become aware of an entity operating under the name “Stocksbtc”, which is known to have an internet presence at stocksbtc.com and which, according to information available to the MFSA, appears to be offering investment and/or other financial services to consumers. Stocksbtc…

Read more
April 04, 2018 BY LeapRate Staff

FX broker Juno Markets removed from Hong Kong SFC Alert List

LeapRate has learned that Retail FX broker Juno Markets has been removed from Hong Kong Financial regulator SFC's Alert List. The Alert List is a compilation of entities which have come to the attention of the SFC because they are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong…

Read more
Saxo Bank office
March 29, 2018 BY Valentina Kirilova

Saxo Bank on ESMA’s leverage restrictions: 'fair and proportionate'

Following IG Group Holdings plc (LON:IGG) and Plus500 Ltd (LON:PLUS)'s recent reactions, Copenhagen based multi asset broker Saxo Bank has also spoken, 'strongly' welcoming ESMA’s leverage restrictions. The measures include caps on leverage which Saxo Bank considers fair and proportionate. Saxo Bank expects these measures to be positive for clients and result in a more level…

Read more