Search Results for: law
Total confusion about a Greek deal
July 12th, 2015
EU Council president Donald Tusk announced this morning that the planned EU summit is cancelled and that a separate euro zone summit meeting will start at 1400 GMT (1600 local time). Tusk said the eurozone summit would last until we ...
CySec announces the suspension of the authorisation of CIF ‘Asset Management Advisory Services (AMASS) Ltd’
July 10th, 2015
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that: The authorisation of the Cyprus Investment Firm ‘Asset Management Advisory Services (AMASS) Ltd’, number 167/12, is suspended, pursuant to section 26(2) of the Investment Services ...
CySec: Withdraw of CIF authorisation
July 10th, 2015
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement informing that: On its meeting of 6 July 2015, has decided, pursuant, of section 25(1), subparagraphs (b) and (c) of the Investment Services ...
Italy Ratifies FATCA Agreement with US
July 10th, 2015
Italy has ratified the inter-governmental agreement top facilitate compliance with the United States Foreign Account Tax Compliance Act. FATCA, enacted by the US Congress in 2010, is intended to ensure that the US obtains information on accounts held abroad ...
Justice Department Announces Two Banks Reach Resolutions under Swiss Bank Program
July 10th, 2015
Banque Pasche SA Will Pay $7.229 Million Penalty and ARVEST Privatbank AG Will Pay $1.044 Million Penalty; Both Continue to Cooperate With Department of Justice The Department of Justice announced today that two banks, Banque Pasche SA and ARVEST ...
Saxo Bank receives two reprimands by Finanstilsynet (the Danish FSA) in relation to its handling of the CHF incident on 15 January 2015
July 10th, 2015
The Danish FSA has reviewed Saxo Bank A/S handling of the CHF incident and finds no reason to criticise the Bank except for two specific issues. The Danish FSA concludes that the method applied by Saxo Bank contributes to ...
Is Bitcoin Unsustainable, and How Can It Be Made Sustainable?
July 9th, 2015
“Bitcoin Is Unsustainable,” claims the title of a provocative essay by Motherboardcontributor Christopher Malmo that has spurred considerable debate. Malmo’s central thesis is that Bitcoin uses way too much electricity. The essay opens with a future scenario that, in view ...
CySec has issued an announcement regarding Activation Procedures for Autorized Firms
July 9th, 2015
CySec has issued today an announcement regarding Activation Procedures for Autorized Firms specifying that: In order to improve the process of activation of persons who have obtained licence by the Cyprus Securities and Exchange Commission (“CySEC”) and in order to ...
Plus500: Trading update for the six months ended 30 June 2015
July 9th, 2015
Plus500, a leading online service provider for retail customers to trade CFDs internationally, is pleased to announce the following trading update for the first half of 2015. KPIs Key customer and revenues metrics for the six months ended 30 June ...
CySec imposes administrative fine of €15.000 to a CIF
July 8th, 2015
The Cyprus Securities and Exchange Commission (‘CySEC’) has notified the public that has imposed an administrative fine of €15.000 to CIF Fidelisco Capital Markets Ltd for violating sections of the Law which provides for the provision of Investment services, the ...
