Category: Regulations
regulations
Summary FINRA conducts annual elections to fill positions on the Small Firm Advisory Committee (SFAC), Regional Committees, National Adjudicatory Council (NAC) and FINRA Board of Governors (FINRA Board). This Notice provides: a description of responsibilities for the various groups; an overview of each elected vacancy to be filled in 2022; and a summary of how […]
On 11 April 2022, the director of Vector Wealth Ltd made an application to the High Court of Justice to seek an order that the Company be placed into administration. On 22 April 2022, James Alexander Snowdon and Michael Colin John Sanders, both of MHA MacIntyre Hudson LLP, were appointed Joint Administrators of Vector Wealth […]
Communication FSMA_2022_13 describes the updated MiFID cartography. The new reporting rules will apply as from 30 June 2022 (Communication available in Dutch and French only). Source: FSMA
A review by the FCA has found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check their customers’ income and occupation. In some instances, challenger banks did not have financial crime risk assessments in place for their customers. The review, conducted over 2021, identified a rise […]
QPay Europe Limited, which claims to be a fintech start up offering due diligence and underwriting services, has consented to a court order to give up £2,000,000 held in its name following proceedings brought by the Financial Conduct Authority (FCA) under the Proceeds of Crime Act in the Westminster Magistrates’ Court. The money was initially […]
Notice Comments Summary Effective May 14, 2022, the Section 31 fee rate applicable to specified securities transactions on the exchanges and in the over-the-counter markets will increase from its current rate of $5.10 per million dollars in transactions to a new rate of $22.90 per million dollars in transactions. Finance-related questions should be directed to […]
The Financial and Consumer Services Commission (FCNB) is aware that the following entities, claiming to provide online cryptocurrency trading services, accept New Brunswick residents as clients: Standpoint Finance Limited: claims to be operating from Saint Vincent and the Grenadines BlackBull Markets: claims to be operating from Auckland, NZ SafeCrypto World: claims to be operating from […]
The Financial Conduct Authority (FCA) has stopped David Stock & Co Limited (DS&C), a firm that advised on transfers from the British Steel Pension Scheme (BSPS), disposing of assets without FCA permission. In March 2022, the FCA launched a consultation on a redress scheme for former members of BSPS. The FCA wrote to firms who […]
Home News Corrie Bauckham Batts Limited enters liquidation On 20 April 2022, Corrie Bauckham Batts Limited entered liquidation. John Dean Cullen and Rachel Helen Lai of Menzies LLP were appointed as joint liquidators of Corrie Bauckham Batts Limited. Corrie Bauckham Batts Limited is an FCA authorised and regulated Lloyd’s wholesale insurance broker. The firm placed […]
Home News FCA finalises proposals to boost disclosure of diversity on listed company boards and executive committees The FCA has finalised rules requiring listed companies to report information and disclose against targets on the representation of women and ethnic minorities on their boards and executive management, making it easier for investors to see the diversity […]