Search Results for: EC
CySec approved a new Administrative Services Provider firm
August 17th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that a firm has been approved as Administrative Services Provider (ASP). According the announcement, the below firm have been approved: Apollo (Cyprus) Ltd 10 Kyriakou Matsi ...
KPMG Special Administrator of Alpari UK reports compensation payment of 51.3 million
August 17th, 2016
KPMG, the Special Administrator of Alpari (UK) Limited has issued an update report to inform regarding the progress for the period 19 January 2016 to 18 July 2016. Below are highlights of the report as it was published. Executive ...
Shenzhen and Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect
August 17th, 2016
This announcement is made by Hong Kong Exchanges and Clearing Limited (“HKEX”) pursuant to the provisions under Part XIVA of the Securities and Futures Ordinance and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock ...
Investors worldwide have poured a record amount into bond funds this year
August 16th, 2016
Investors worldwide have poured $202 billion into bond funds this year, according to J.P. Morgan Chase — a record amount compared to equity funds. How’s that working out? At least so far this year, pretty well. In the longer ...
Panic dominates among currency traders in Egypt following parliament’s decision for tough punishments
August 16th, 2016
Employees in exchange companies in the informal market express concern, outrage over parliament’s recent decision to crackdown on currency traders A state of panic has broken out among exchange companies trading the US dollar following parliament’s decision on Thursday ...
Fintech firms look to Ireland to establish HQs
August 16th, 2016
Financial technology companies are increasingly considering Irish headquarters ahead of the UK’s departure from Europe, but there are concerns the Irish regulatory system cannot reform itself fast enough to meet demand. Brexit has pushed the issue into sharp focus with ...
Accounting software firm Sage has been hit by a data breach affecting a number of its customers
August 16th, 2016
Accounting software outfit Sage Group has been hit by a data breach affecting between 200 and 300 of its customers. The company told Reuters the breach was a misuse of an employee login. This post by Richard De Vere at “The AntiSocial Engineer” ...
UK: one of the biggest legal shakeup to the insurance sector comes into force
August 12th, 2016
One of the biggest shakeups to the insurance sector in recent memory comes into force tomorrow. The Insurance Act 2015 was granted Royal Assent 18 months ago. However, the bulk of its provisions, including creating a new duty for ...
CySec informs that Cyprus Investment Firm renounced its authorisation
August 12th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that, on 24 June 2016, the CIF Xenon Capital Partners Ltd (the ‘Company’), which provided investment services via the domain www.xenoncp.com.cy, renounced its authorization pursuant to section 24(1)(b) ...
France Receives a New Bitcoin ATM
August 12th, 2016
ATM Bitcoin Exchange begins its international expansion campaign by installing a bitcoin ATM in France. The selected location is Montpellier. France has four of such devices fully operational inside its borders. GrupoBTC France a franchise of the mother company (ATM Bitcoin Exchange) ...
