MFSA warns on Tradingbanks false regulation claim LeapRate

October 31, 2016 BY Valentina Kirilova

MFSA warns on Tradingbanks false regulation claim

The Malta Financial Services Authority (MFSA) has become aware of the website https://www.tradingbanks.com/ which is falsely stating that tradingbanks is licensed by the MFSA. The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. Many other regulators have already warned on tradingbanks, including South Africa’s…

August 16, 2016 BY Valentina Kirilova

FIA welcomes regulatory focus on central counterparty risk

The Futures Industry Association (FIA) has welcomed publication of reports from the Committee on Payments and Market Infrastructures (CPMI), the International Organization of Securities Commissions (IOSCO), and the Financial Stability Board (FSB) as an important step in ensuring the safety and resilience of the derivatives clearing infrastructure globally (CPMI-IOSCO consultative document and FSB discussion paper). Walt Lukken, president…

July 11, 2016 BY Mike Fox

South Africa FSB warns the public against Outlook Forex Traders

The Financial Services Board (FSB) of South Africa would like to warn the public not to conduct financial services business with Outlook Forex Traders. Outlook Forex Traders is not authorised as a financial services provider and is not a representative of an authorised financial services provider. Persons rendering financial services without a licence or without…

May 04, 2016 BY Maria Nikolova

South Africa's FSB warns against FX firm TradingBanks

South Africa's Financial Services Board (FSB) has issued a public warning against conducting financial services business with TradingBanks, an offshore FX firm, purporting to be a registered entity. The regulator notes that TradingBanks is not authorised to render financial services in South Africa and is not a representative of an authorised financial services provider as…

February 11, 2016 BY Maria Nikolova

South Africa's FSB grants 635 financial service providers licenses in FY 2015

South Africa's Financial Services Board (FSB) has just published its Annual Report for the fiscal year to March 31, 2015, providing some key numbers regarding the oversight of financial service providers (FSPs), a group which includes investment intermediaries such as Forex brokers. The regulator reported that its Financial Advisory and Intermediate Services (FAIS) division authorized…

February 03, 2016 BY Mike Fox

ESMA to cooperate with South African regulators on CCPs

The Financial Services Board (FSB) of South Africa today announced it established a Memorandum of Understanding (MoU) under the European Markets Infrastructure Regulation (EMIR) with the European Securities and Markets Authority (ESMA). This MoU establishes cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorized or recognized in South Africa, and which…

November 05, 2015 BY Maria Nikolova

South Africa's watchdog says Fitch to continue with Sovereign Ratings

A follow-up to LeapRate's story about South Africa's Financial Services Board (FSB) deregistering Fitch as a credit rating agency... The Registrar of Credit Rating Agencies at the FSB announced on Wednesday that it has granted Fitch Ratings Limited (Fitch) a two year exemption from registration under the Credit Rating Services Act. The exemption concerns the provision of…

October 27, 2015 BY Maria Nikolova

FxPro receives authorization from South Africa's FSB

Retail Forex and CFD broker FxPro Financial Services Limited (FxPro) today announced that it has obtained authorization by the South Africa Financial Services Board (FSB). The license ( no. 45052) allows the broker to operate as a Financial Service Provider in the country. The newly granted authorisation provides FxPro with the opportunity to further grow…

October 19, 2015 BY Mike Fox

South Africa finds problems in FX trading but not by major dealing banks

On October 27th 2014, the South African Reserve Bank (SARB) and the Financial Services Board (FSB) announced the launch of a review of the Forex trading practices among authorized dealers in the South African Forex market which was published today. A Foreign Exchange Review Committee (FXRC) was established, headed by Mr. J Cross, former Senior Deputy…

October 14, 2015 BY LeapRate Staff

ACM Gold statement on FSB license reinstatement - LeapRate Exclusive

Further to our breaking the news that South Africa retail forex broker ACM Gold has had its FSB license reinstated after spending more than two months in regulatory limbo, LeapRate has received a formal statement from the company confirming the result. The ACM Gold statement reads as follows: --------- Onwards and Upwards for ACM Gold…

Tag: FSB