US markets started climbing today after nearly two weeks with a 4% plus move in either direction during every trading session. Tesla shuts down US production. The company sank heavily in after-hours trading following the announcement that it is suspending US car production due to the pandemic. All asset classes sold as Sterling lowest since…
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On Wednesday, the Financial Services and Markets Authority (FSMA) of Belgium announced a ban on entering into a short sale. It might constitute or increase a net short position on stocks admitted to trading to Belgian trading venues. The short sale prohibition includes: “any transaction which creates, or relates to, a financial instrument and where…
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The European Securities and Markets Authority (ESMA), in coordination with the National Competent Authorities (NCAs) is closely monitoring the impact of Covid-19 outbreak on financial markets in the European Union. Following a discussion of the Board of Supervisors examining the marketing situations and observing contingency measures taken by supervised entities, ESMA is making the following…
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Europe’s market regulator, the European Securities and Markets Authority (ESMA) has launched a Consultation Paper in review of the transparency regime for non-equity instruments and the trading obligation for derivatives under the Market in Financial Instruments Regulation (MiFIR). In this Paper, ESMA makes proposals for possible amendments to the transparency regime based on data analyses…
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Regulation provides with trust in the otherwise risky industry, it gives Forex brokers framework to guide them. Licenses mean that brokers have gone through a vetting process, their legitimacy has been confirmed. Thus, making them safer in holding your money and accessing investments and financial markets. Licenses help brokers to form and maintain meaningful partnerships…
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The European Securities and Markets Authority (ESMA) updated last week the double volume cap (DVC) register on its website under the Markets in Financial Instruments Directive (MiFID II). The DVC report includes the DVC data for 2019 and updates on already published periods. The agency reports 66 new DVC breaches – 55 equities for the…
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The EU Markets regulator, European Securities and Markets Authority (ESMA), announced its Strategy on Sustainable Finance. The strategy reveals sustainability as the main goal for ESMA and sets out a plan to implement Environmental, Social, and Governance (ESG) factors in its work. The strategy reveals that the fundamental priorities of ESMA include transparency obligations, risk…
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The European Securities and Markets Authority (ESMA) recently conducted a peer review of compliance by the national oversight authorities of thirty member states with new rules regarding suspicious transaction detection and reporting. These rules have been in force since 2017. Eight member organizations were rated as “Partially Compliant”, its lowest category. CySEC, which has spent…
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The Chairman of the European Securities and Markets Authority (ESMA), Steven Maijoor, has heightened concerns for liquidity risk within the asset management sector. He expressed his views at a recent speaking engagement by noting that, based on the shutting down of the Woodford fund in Great Britain, he believes that fund managers may be “flouting…
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EU’s regulator for securities markets (ESMA) and Australia's regulator ASIC have announced earlier today that they have signed a Memorandum of Understanding (MoU) setting out cooperation arrangements in respect of Australian benchmarks. The EU Benchmarks Regulation (BMR) prescribes a European common framework to ensure the integrity and accuracy of benchmarks used in the EU. Earlier…
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