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No-action position on financial reporting obligations of special purpose financing subsidiaries and their guarantors

In response to stakeholder feedback, ASIC has adopted a no-action position on the financial reporting obligations of special purpose financing subsidiaries or other wholly-owned subsidiaries that issue debentures to sophisticated or professional investors, and their guarantors, that may have been relying on relief under ASIC Corporations (Wholly-Owned Companies) Instrument 2016/785 (ASIC Instrument 2016/785). Under ASIC...

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ESMA proposes changes to ELTIF Technical Standards

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has responded to the European Commission request on amendments to the European long-term investment fund (ELTIF) Technical Standards (RTS). In the letter ESMA suggests that there should be a limited number of changes to find the right balance between protecting retail...

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‘Big Tech a priority’ says FCA Chief Executive

In a speech delivered today, the FCA’s Chief Executive Nikhil Rathi announced the regulator’s plans to examine how Big Tech firms’ unique access to large sets of data could unlock better products, more competitive prices and wider choice for consumers and businesses. The speech at a Digital Regulation Cooperation Forum (DRCF) event outlined Nikhil Rathi’s...

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FCA looks for members for its advisory committee on secondary markets

The Financial Conduct Authority (FCA) is looking for expressions of interest from market participants to join our advisory committee. The committee was established in 2022 and we are renewing the membership in line with our terms of reference. The purpose of the committee is to support our work in wholesale secondary markets for equities, derivatives,...

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FCA cancels KBFS Financial Limited’s authorisation

We have cancelled the permissions of KBFS Financial Limited (KBFS), preventing them from providing any financial services. KBFS failed to engage with us in an open and cooperative way. KBFS also failed to pay redress awarded to former members of the British Steel Pension Scheme (BSPS) by the Financial Ombudsman Service. Our final decision notice...

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FCA publishes response to British Steel Pension Scheme complaints

We’ve been investigating a number of complaints, under our complaints scheme, about our actions or inactions in relation to the British Steel Pension Scheme (BSPS). Members of the BSPS worked hard during their employment and have experienced significant worry regarding their financial security in retirement. We found that many BSPS members suffered financial loss after...

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HANDLER MANAGEMENT INCORPORATED

Name: HANDLER MANAGEMENT INCORPORATED Address: 521 W 57th Street, New york, NY, UNITED KINGDOM, 10019 Telephone: +13473054093 Fax: +13473940099 Email: [email protected], [email protected] Website: www.handlermgtinc.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong...

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Liberty Finance Groups

Name: Liberty Finance Groups Address: 20 The Circle, Queen Elizabeth Street, UNITED KINGDOM, SE1 2JE Telephone: 01613882421 Mobile: 07308512045 Email: [email protected] Website: libertyfinancegroups.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to...

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BLUEOCEAN ASSET

Name: BLUEOCEAN ASSET Address: 26-28 Victoria Parade, London, UNITED KINGDOM, SE10 9FR Email: [email protected] Website: www.blueoceanasset.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information...