The EU’s securities markets’ regulator ESMA has just published a statement addressed to providers marketing, distributing or selling CFDs to retail clients. The regulator pointed out that it has serious concerns about firms’ marketing, distribution or sale of CFDs to retail clients and reminded CFD providers about some of the requirements connected with the offering…
Read moreThe MFSA has just updated its policy on online forex trading service providers, licensed as Category 2 or Category 3 Investment Service Licence holders. Key changes are its threshold in relation to the requirement of a direct qualifying shareholding by a licensed entity and enhanced consumer protection warnings.
Read moreSteven Maijoor, ESMA Chair states: “We believe that there are benefits both for investors as well as for platforms by operating inside rather than outside the regulated space.
Read moreThe unified bloc's executive European Commission is deciding whether part of the $5.3 trillion (3.15 trillion pounds) a day foreign exchange market should be legally defined as derivatives under the bloc's laws According to a report in Reuters, foreign exchange dealers won't face the added cost of having to clear some currency trades if the…
Read moreThe approval of the Polish clearing house triggers the authorization of currency products in regulated markets and repo products, neither of which has been approved previously KDPW_CCP, in a press release states that it has met all requirements for such institutions under EU Regulation EMIR. EMIR requires companies to comply with the obligation of reporting…
Read moreFrench bank BNP Paribas dealing with ever changing regulatory environment BNP plans a separate derivatives clearing business, as part of its near term strategy to increase earnings at its fixed income business. BNP Paribas will shift its OTC client clearing and FX prime brokerage operations alongside its listed derivatives clearing business. The businesses had previously sat…
Read moreNASDAQ OMX having become a CCP in Europe has prompted swift action by ESMA in setting forth OTC derivatives clearing guidelines Following the authorization of NASDAQ OMX as the first EU-based central counterparty (CCP) on March 18, 2014, the European Securities and Markets Authority (ESMA) has today published information about NASDAQ OMX and the contracts…
Read moreIt was about time to have a single framework to access EU wide information through a single resource It's been a long time coming - finally the European authority in charge of financial markets, the ESMA (European Securities and Markets Authority), has issued a press release that details the introduction of a single, consolidated register for…
Read moreESMA already introduced severe restrictions on short selling, such as banning Naked Shorts European bureaucrats have scored a decisive victory over the UK’s challenge of financial laws today. The European Court of Justice has released a ruling against limiting the powers of the European Securities and Markets Authority (ESMA) to restrict short selling of certain…
Read moreAfter Libor and Euribor, recent FX rates manipulation probes, EU regulators seem to be toughening up Over the weekend German financial regulator BaFin has announced that it would be in the interest of the financial markets to conduct a thorough reform to the setting of financial markets benchmarks such as Libor. Chief Executive Director Raimund…
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