Search Results for: regulators
Hong Kong and Dubai financial regulators sign Fintech cooperation agreement
August 29th, 2017
The Securities and Futures Commission (SFC) entered into a cooperation agreement with the Dubai Financial Services Authority (DFSA) to establish a framework for mutual assistance to keep abreast of the development and application of financial technology (Fintech) (Note 1). ...
Financial Regulators around the world warn for unauthorized financial services firms
August 1st, 2017
The supervisory authorities of Austria (Financial Market Authority – FMA), Belgium (Financial Services and Markets Authority – FSMA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), Hong Kong (Securities and Futures Commission – SFC) and British Columbia (British Columbia ...
The Cyprus and Abu Dhabi financial market regulators signed a MoU
July 19th, 2017
The Cyprus Securities and Exchange Commission (‘CySEC’) has recently signed a bilateral Memorandum of Understanding and Cooperation (‘MoU’) with the Financial Services Regulatory Authority (‘FSRA’) of Abu Dhabi Global Market (‘ADGM’), the International Financial Centre in Abu Dhabi. The ...
Regulators release conclusions on the OTC derivatives regulatory regime
June 28th, 2017
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) today published conclusions on a joint consultation paper which proposed adjusting the scope of “OTC derivative product” under the over-the-counter (OTC) derivatives regulatory regime (Note 1). ...
Barclays spoke to regulators about bringing bitcoin ‘into play’
June 26th, 2017
Barclays U.K. CEO Ashok Vaswani told CNBC that the bank has spoken to regulators about cryptocurrencies like bitcoin. Vaswani did not reveal the content of the discussions with Britain’s Financial Conduct Authority (FCA), but said it involved talking about ...
ESMA finds improvements in Regulators’ supervisory practices concerning MiFID rules
May 19th, 2017
The European Securities and Markets Authority (ESMA) has published a Follow-up Report on the actions undertaken by ten National Competent Authorities (NCAs) in addressing deficiencies identified in the 2014 Peer Review on MiFID Conduct of Business rules relating to ...
CySec informs Cyprus Investment Firms about the German and Spanish regulators restrictions for trading CFDs
May 18th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued two important Circulars to inform Cyprus Investments Firms about the recent announcements of the German Federal Financial Supervisory Authority (BaFin) and of the Spanish Securities and Exchange Commission (CNMV) in ...
Facebook face EU regulators fines; why?
May 18th, 2017
Facebook suffered a setback on Tuesday over how it uses the reams of information it collects about users worldwide, after two European privacy watchdogs said that the social network’s practices broke their countries’ data protection rules. The announcement by ...
ESMA to cooperate with New Zealand’s regulators on CCPs
April 19th, 2017
The European Securities and Markets Authority (ESMA) has established a Memorandum of Understanding (MoU) under the European Markets Infrastructure Regulation (EMIR) with Reserve Bank of New Zealand and Financial Markets Authority of New Zealand. The MoU establishes cooperation arrangements, ...
ESMA to cooperate with non-EU Regulators on CCPs
March 21st, 2017
The European Securities and Markets Authority (ESMA) has established five Memoranda of Understanding (MoUs) under the European Markets Infrastructure Regulation (EMIR). The MoUs establish cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and ...
