We are writing to motor finance firms to remind them they must maintain adequate financial resources at all times. We are currently reviewing the historical use of motor finance discretionary commission arrangements (DCA). We have observed firms taking different approaches to account for the potential impact of previous use of DCA on their financial resources....
Author: EMA Investments
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Court finds Sunshine Loans charged customers prohibited fees
The Federal Court has found that, between July 2016 and November 2020, small amount lender, Sunshine Loans entered into over 670,000 contracts which included an amendment or rescheduling fee that is not permitted by the National Credit Code. The Court found Sunshine Loans required the payment of these fees by consumers over 12,000 times and...
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ASIC obtains Federal Court orders appointing receivers over digital currency assets of blockchain mining companies
ASIC has commenced civil proceedings against blockchain mining companies NGS Crypto Pty Ltd, NGS Digital Pty Ltd and NGS Group Ltd (NGS Companies) and the sole directors of those respective companies, Brett Mendham, Ryan Brown and Mark Ten Caten. On 10 April 2024, the Federal Court made orders appointing Anthony Connelly, Kathy Sozou, and Jamie...
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cg-clientservices.co.uk
Fraudsters are using the following details to scam people: Name: cg-clientservices.co.uk (Clone of FCA Authorised Firm) Telephone: 02039741089, 02039622315 Email: [email protected], [email protected] Website: cg-clientservices.co.uk Scammers may give out other false details, including email addresses, telephone numbers, postal addresses and Firm Reference Numbers. They may mix these details with the genuine details of authorised firms. They...
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Heritage Digital Grant
Name: Heritage Digital Grant Address: Great George Street, London, UNITED KINGDOM, SW1P 3AA Email: [email protected] Website: www.heritagedigitalgrant.net 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...
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CAPE FX LIMITED
Name: CAPE FX LIMITED Telephone: 07553281139 Email: [email protected] Website: www.capefxlimited.co 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 looks genuine.
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WFM International
Name: WFM International Address: Thurgauerstrasse 40, Zürich, SWITZERLAND, 8050 Telephone: +41265087226 Mobile: 07311905631, 07477484628, 07538449122, 07361598739, 07378537778 Email: [email protected], [email protected], [email protected], [email protected] Website: wfminternational.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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Asseticimfx
Name: Asseticimfx Address: Stourbridge, UNITED KINGDOM, DY8 Email: [email protected] Website: www.asseticimfx.net 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 looks genuine.
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ESAs to run voluntary dry run exercise to prepare industry for the next stage of DORA implementation
The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today announced that they will launch in May the voluntary exercise for the collection of the registers of information of contractual arrangements on the use of ICT third-party service providers by the financial entities. Under the Digital Operation Resilience Act (DORA) and starting from...
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FCA sets out findings against Link Fund Solutions
Link Fund Solutions (LFS) failed to act with due skill, care and diligence in its management of the Woodford Equity Income Fund (WEIF), according to findings published by the FCA. The FCA found that between 31 July 2018 and the fund’s suspension on 3 June 2019, LFS failed to manage the liquidity of the fund...
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