Search Results for: sec
FCA launches market study on competition in the mortgage sector
December 12th, 2016
The Financial Conduct Authority (FCA) has today launched a market study to consider whether competition in the mortgage sector can be improved to benefit consumers. The FCA wants to understand whether consumers are empowered to choose on an informed ...
CySec announced Renouncement of license of Cyprus Investment Firm
December 9th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 09 November 2016, the CIF Airfinance Pro Ltd (the ‘Company’), renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and ...
Enforcement Director Andrew J. Ceresney to Leave SEC
December 9th, 2016
The Securities and Exchange Commission today announced that Enforcement Director Andrew J. Ceresney will leave the agency by the end of the year. During his nearly four years as head of the agency’s largest division, Mr. Ceresney implemented approaches ...
CySec has issued a Circular to inform Cyprus Investment Frms about EBA guidelines
December 7th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular in relation to the European Banking Authority ‘Revised guidelines on the further specification of the indicators of global systemic importance and their disclosure’ and wishes to inform the ...
SEC Awards $3.5 Million To Whistleblower
December 6th, 2016
The Securities and Exchange Commission today announced that a whistleblower has been awarded approximately $3.5 million for coming forward with information that led to an SEC enforcement action. “Whistleblowers do a tremendous service to the investing public and we ...
Playtech commented on CySec’s and FCA’s proposals and announces Share Buyback Programme
December 6th, 2016
Playtech (LSE: PTEC) today announces a share buyback programme (the “Buyback Programme”) of up to €50 million. At its 2016 interim results in August, Playtech reiterated that it is cognisant of the need for an efficient balance sheet with ...
FINRA fined Credit Suisse Securities USA $16.5 million for AML and other violations
December 6th, 2016
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering (AML), supervision and other violations. FINRA found that Credit Suisse’s suspicious activity monitoring program was deficient in ...
Switzerland moves to end banking secrecy
December 5th, 2016
Today, the Federal Department of Finance (FDF) initiated the consultation on introducing the automatic exchange of information (AEOI) in tax matters with a series of other countries. The AEOI with these countries should enter into force on 1 January ...
Med gas pipe viable: Israel, Greece, Cyprus to hold second trilateral summit
December 5th, 2016
Energy issues and emergency rescue cooperation will top the agenda when leaders of Israel, Greece and Cyprus meet this week in Jerusalem for their second trilateral summit in less than a year. Prime Minister Benjamin Netanyahu, Greek Prime Minister ...
Andorra to renounce banking secrecy as it sheds tax haven status
December 2nd, 2016
Pyrenees principality approves automatic sharing of information on accounts held by non-residents from EU countries Andorran lawmakers have agreed to end banking secrecy in the Pyrenees mountains principality, approving automatic sharing of information on accounts held by non-residents. The ...
