ESMA issues briefing to highlight importance of LEI number for MiFID compliance LeapRate

ESMA ceases renewal of product intervention CFDs measures

October 09, 2017 BY Valentina Kirilova

ESMA issues briefing to highlight importance of LEI number for MiFID compliance

The European Securities and Markets Authority (ESMA) announced that has published a Briefing on the Legal Entity Identifier (LEI) as part of its efforts to raise industry awareness and facilitate compliance with the LEI requirements under MiFID II ahead of its 3 January 2018 launch. ESMA expects market participants to take all necessary steps to…

June 16, 2017 BY Valentina Kirilova

UK will be like Switzerland post Brexit, with no MiFID passport rights

U.K. financial services firms will definitely not be able to carry on business as normal within the European Union (EU) after it leaves the bloc, according to Luc Frieden, who has held several portfolios within the Luxembourg cabinet over the past few decades. In an interview for CNBC on Friday in Luxembourg, Luc Frieden commented:…

August 08, 2016 BY Valentina Kirilova

LSE announces UnaVista's earlier MIFIR transaction launch

London Stock Exchange Group (LSE) has announced that UnaVista, its MiFID Approved Reporting Mechanism (ARM), has made user acceptance testing available for MiFIR transaction reporting 17 months ahead of schedule. UnaVista is the LSE group’s global hosted platform for all matching, validation and reconciliation needs. It offers a range of business solutions through one interface…

August 02, 2016 BY Valentina Kirilova

AMF bans Rodeler Limited (24option) from providing financial services in France

The service provider Rodeler Limited (regulated by the Cypriot financial regulatory agency) offers access to binary options, particularly Forex, and does not comply with certain professional obligations. The AMF has therefore decided to ban the company from providing services to both new and existing clients in France. This decision takes effect on August 1, 2016. The…

July 07, 2016 BY Valentina Kirilova

Abide Financial and Corvil partner for precision MiFID II transaction reporting solution

Regulatory reporting specialist Abide Financial and real-time data analytics company Corvil today announced a partnership to deliver end-to-end transaction reporting and reconciliation solutions to meet increasingly complex international regulations. The partnership enables reporting parties in UK, Europe, US, Canada, Australia and other jurisdictions to reduce risk and achieve faster, more accurate compliance with current and evolving…

June 01, 2016 BY LeapRate Staff

ESMA posts updated marketing rules for CFDs, Forex and Binary Options

Pan European financial regulatory body European Securities and Markets Authority (ESMA) has just published an updated version of its marketing rules for CFDs, Forex and Binary Options. The update was done in Q&A form, focusing on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs)…

December 09, 2015 BY Maria Nikolova

Central Bank of Ireland fines MKW Futures for overstating own funds position

The Central Bank of Ireland (CBI) announced today that it had reached a settlement with Lambay Capital Limited aka MKW Futures over the investment firm's violations of the Capital Requirements regulations (CRR) and the MiFID regulations. As a result of the settlement, dated December 1, 2015, the firm, which is authorized by the CBI to…

September 29, 2015 BY Maria Nikolova

ESMA issues final technical standards in preparation for MiFID II implementation

MiFID II implementation to begin in 2016 with an aim of increasing market transparency, efficiency and safety and providing stronger investor protection.

September 10, 2015 BY Maria Nikolova

Christer Wennerberg, Magnus Hedin join Orc's market structure team

Orc's newly formed market structure team seeks to adapt the corporate platforms to upcoming regulatory changes, and to launch a broader offering for supporting clients affected by new European market regulations, including MiFID II/MiFIR.

April 13, 2015 BY Mike Fox

Forex Weekly Look Back: April 6th – April 12th

A look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate news, sign up to our Daily Forex Industry Newsletter on the right… → New York and Chicago’s big-hitters go Bitcoin | https://www.leaprate.com/xeRYs Jamie Coleman joins…

Tag: MiFID