Category: Regulations

The Financial and Consumer Services Commission (FCNB) is warning the public of scammers impersonating enforcement employees from FCNB. FCNB was made aware of the scam from a Nova Scotia resident, who received a telephone call from a person identifying themselves as Sam Henderson and a Karen Fherwood. Henderson and Fherwood falsely claimed to work for […]

One of the best ways to build wealth is by saving and investing over a long period of time. The earlier you start, the easier it is for your money to grow. Opening your first investment account is a key step in beginning your investment journey. As a college student, you may receive offers to […]

Annotated text of the Minimum Requirements for Risk Management (MaRisk) in the version of 16.08.2021 Download: MaRisk (englische Version) (PDF, 2MB, File does not meet accessibility standards.) Source: BAFIN

On 3 May 2022, Greenlight Credit Limited, trading as Varooma, went into administration. Martin Charles Armstrong and Andrew Richard Bailey of Turpin Barker Armstrong were appointed as Joint Administrators.  Greenlight Credit Limited, trading as Varooma, is a high-cost lender which provides customers with logbook loans secured on the customer’s vehicle. With Logbook lending, the lender […]

As the FCA continues its transformation, it has recruited three experienced individuals to its senior leadership team. Mel Gunewardena will take up a Senior Advisor role at the FCA. Mel is currently Chief Market Intelligence Officer at the Commodities and Futures Trading Commission based in Washington DC and a former Managing Director at Goldman Sachs. […]

Your career at FCNB is enriched with daily opportunities to learn, innovate, and grow professionally in a supportive, stimulating, and flexible workplace. We offer a competitive total compensation package and exciting opportunities for professional development. We support our employees in maintaining their professional designations and provide technical updates on a continual basis for many of […]

Your career at FCNB is enriched with daily opportunities to learn, innovate, and grow professionally in a supportive, stimulating, and flexible workplace. We offer a competitive total compensation package and exciting opportunities for professional development. We support our employees in maintaining their professional designations and provide technical updates on a continual basis for many of […]

This circular FSMA_2022_15 (available in French or Dutch only) informs obliged entities on the contents of the information, and the modalities for their transmission, intended to be used to assess the compliance and the efficiency of the system they have implemented for combating money laundering and the financing of terrorism. This information is collected by […]

On 12 April 2022, BaFin imposed an administrative fine amounting to 11,000 euros on a natural person due to a breach of Article 19(1) of the Market Abuse Regulation (MAR). An appeal may be lodged against the administrative fine order. Update (12.05.2022): The administrative fine order is final and binding. Source: BAFIN

The FCA has imposed requirements on corporate advisory firm, Alexander David Securities Limited (ADSL), which means it must not dispose of any assets without the written consent of the FCA. Since 29 June 2020, ADSL has not been permitted to undertake any regulated activities, hold client money or assets nor issue or approve for third […]