Post

FCA ramps up intervention on rogue financial promotions

Retail lending, investments, and banking are the sectors with the highest rate of amends to or withdrawal of adverts and amount to 95% of the FCA’s interventions with authorized firms. The FCA highlighted that it had seen several cases involving unauthorized firms and individuals seeking to take advantage of the rising cost of living. During...

Post

£12 million compensation to be paid to thousands of struggling borrowers

The FCA acted quickly during the pandemic to put in place guidance that led to more than five million payment deferrals for mortgage and credit customers. This was followed by guidance on tailored support. In a report published today, the FCA found examples of firms delivering good outcomes for customers – but others must do...

Post

WARNING

The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors that the following websites do not belong to an entity that has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017. • rcebanque.com • winnexconsulting.com • roboticsforex.com...

Post

Insurance Council of Australia Annual Conference 2022

Speech by ASIC Deputy Chair Karen Chester at the Insurance Council of Australia Annual Conference, 2 November 2022. Check against delivery Good morning everyone. Thank you to the Insurance Council of Australia for the opportunity to speak today. I would like to begin by acknowledging the Traditional Owners’ ongoing connection to, and custodianship of, the...

Post

City Financial Asset Management

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised...

Post

ESMA TO WITHDRAW THE RECOGNITION DECISIONS OF SIX INDIAN CCPS

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today announces that six central counterparties (CCPs) established in India will have their recognition decisions withdrawn in accordance with the European Market Infrastructure Regulation (EMIR). ESMA had to tier and review the recognition of all third-country CCPs (TC-CCPs) that had been...

Post

Wealth Nets Finance Ops

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us. This firm is not authorised by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services...

Post

ESMA PUBLISHES DATA FOR THE SYSTEMATIC INTERNALISER CALCULATIONS

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the data for the systematic internaliser quarterly calculations for equity, equity-like instruments and non-equity instruments other than bonds under MiFID II and MiFIR. Data for the systematic internaliser quarterly calculations The data covers the total number of trades...

Post

The role of the FCA in a changing regulatory landscape

Speaker: Nikhil Rathi, Chief Executive Location: Mansion House Delivered: 27 October 2022 Note: this is the speech as drafted and may differ from the delivered version Highlights Lessons can be learned for better regulatory and risk reporting both internationally and domestically following the disruptive market events in the last year. Upfront effort from firms in...

Post

22-292MR ASIC disqualifies Queensland director for two years

ASIC has disqualified Michael Higgs of the Sunshine Coast, Queensland, from managing corporations for two years due to his involvement in the failure of two companies. From July 2015 Mr Higgs was the director of two companies which entered liquidation: Tropic Landscapes Pty Ltd (ACN 624 604 413) (Tropic Landscapes); and Tropic Developments Pty Ltd...