Category: Regulations

Summary FINRA has adopted amendments to Rule 6730 (Transaction Reporting) to require members to append a modifier to a corporate bond trade that is part of a portfolio trade when reporting to FINRA’s Trade Reporting and Compliance Engine (TRACE). The amendments to Rule 6730 will take effect on May 15, 2023. The amended text of […]

Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and settling charges against Glencore International A.G. of Switzerland, Glencore Ltd. of New York, and Chemoil Corporation of New York (collectively, Glencore), an energy and commodities trading firm, for manipulative and deceptive conduct. The conduct, which spanned from least 2007 to 2018, […]

On 13 May 2022, BaFin imposed an administrative fine amounting to 105,000 euros on Endor AG. The sanction related to a breach of the first subparagraph of Article 17 (1) of the Market Abuse Regulation (MAR). Endor AG failed to publish inside information without undue delay. The company may lodge an appeal against the administrative […]

ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 78 OF THE LAW OF 21 NOVEMBER 2017 Trading in the financial instruments of Audiovalley, ISIN BE0974334667, on Euronext Brussels will re-open on 25/05/2022 at 09:00 CET. Source: FSMA

The chairman of the FSMA gave a speech on The Belgian and international perspective on ESG disclosures at the Digital Finance Conference in Antwerp. The conference was organized by Vlerick Business School. Robert Kaplan, emeritus professor at the Harvard Business School, was the keynote speaker. Programme Source: FSMA

The Financial Services and Markets Authority (FSMA) warns the public against the activities of unauthorized lenders who offer false credit to consumers. In recent months, the FSMA has detected 40 fraudulent lenders who offer false credit to Belgian consumers via the Internet. Consumers get in touch with these lenders in a variety of ways: they are approached unsolicited via […]

On 29 March 2022, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 50,000 euros on SLEEPZ AG. The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). SLEEPZ AG failed to submit its accounting documents for the financial […]

On 29 March 2022, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 50,000 euros on SLEEPZ AG. The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). SLEEPZ AG failed to submit its consolidated accounting documents for the […]

The High Court today approved Amigo Loans Limited scheme of arrangement (the scheme) to provide redress to customers who are due it for being mis-sold loans and who raise a complaint. The court-approved scheme is an improvement on last year’s failed proposal and has the support of the Independent Creditors Committee, which was set up […]

The FCA, jointly with the Bank of England, and with the endorsement of the Treasury, has today published a Discussion Paper on Money Market Fund (MMFs) reform. This seeks views to inform the development of MMF reform proposals. The FCA has also published guidance on the UK MMF Regulation. MMFs are a type of open-ended […]