Category: Regulations

As from 1 May 2022, any legal person established in Belgium that wants to provide exchange services between virtual currencies and legal currencies, or custody wallet services, within Belgium will have to register with the FSMA in advance. Providers already operating on 1 May 2022 must notify the FSMA of the exercise of their activity […]

New European rules on sustainable finance have been in the making since 2019. They are gradually coming into force. The FSMA wishes to draw the attention of insurance companies to the sustainability rules that are or will be applicable to them. It has drawn up a document (available in French and Dutch only) outlining these […]

Toronto – The Canadian Securities Administrators (CSA) today published CSA Staff Notice 25-303 2021 CSA Annual Activities Report on the Oversight of the Self-Regulatory Organizations (SROs) and Investor Protection Funds (IPFs).  The report summarizes CSA oversight of the SROs and IPFs during the 2021 calendar year. The SROs are the Investment Industry Regulatory Organization of […]

Montreal – The Canadian Securities Administrators (CSA) and the Canadian Council of Insurance Regulators (CCIR) today published proposals that would enhance total cost reporting for investment funds and segregated funds. These proposed changes aim to improve the transparency of total fees and costs paid by mutual fund investors and segregated fund holders. “The proposals are […]

The agreed settlement consists of the payment of 25,831 euros and publication, by name, on the website of the Financial Services and Markets Authority (FSMA) for a period of three months. This press release is not available in English. Please consult the French or Dutch site. Source: FSMA

City of Plymouth Credit Union (CPCU) Limited was placed into administration on Wednesday 27 April 2022 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators by the court. City of Plymouth Credit Union is a financial co-operative owned by its members. […]

Washington, D.C. — The Commodity Futures Trading Commission today announced it has filed a complaint in the U.S. District Court for the Southern District of New York against Archegos Capital Management, LP (Archegos) and its Chief Financial Officer, Patrick Halligan, of Syosset, New York, charging them with fraud. The CFTC also issued two orders simultaneously […]

Speech by our CEO, Nikhil Rathi, delivered at City Week 2022. Speaker: Nikhil Rathi, CEOEvent: City Week 2022Delivered: 26 April 2022Note: this is the speech as drafted and may differ from the delivered version Highlights Cost of living crisis means consumers are more exposed to risk and more reliant on financial services. New consumer duty will ensure firms take into account […]

Pursuant to section 10e (1) of the KWG, a capital buffer for systemic risks in the amount of two percent is ordered for residential real estate financing. This translation is furnished for information purposes only. The original German text is binding in all respects. The Federal Financial Supervisory Authority is enacting the following General Administrative […]

The Financial Conduct Authority (FCA) is using emergency powers to prevent financial advice firms, who advised members of the British Steel Pension Scheme (BSPS), from disposing of assets to avoid paying compensation. The FCA has introduced these emergency rules, without consultation, in light of the risk that some firms will take steps to get rid […]