Search Results for: EC
CySec clarifies regarding the renounced of Pegase Capital CIF license
May 30th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to further clarify regarding its announcement dated May 26 for the Cyprus Investment Firm Pegase Capital Ltd. The Cyprus Securities and Exchange Commission (CySec) announces that, on 13th May ...
International law firm launches first fund of its kind to provide free of charge legal advice to FinTech startups
May 30th, 2016
International law firm Simmons & Simmons has today launched the first fund of its kind designed to help early stage FinTech businesses solve some of the difficult legal problems they often encounter at the infancy of their businesses. The ...
CySec decided to wholly withdraw the license of a Cyprus Investment Firm
May 30th, 2016
The Cyprus Securities and Exchange Commission (CySec) announces that, on its meeting of 25th April 2016, has decided, pursuant to sections 25(1)(b),(c) and 26(4)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (‘the Law’), to ...
CySec suspends CIF UBFS Invest powered by Moneychoice Brokers Ltd
May 30th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that, following a decision in the meeting dated 23 May 2016, the authorisation of the Cyprus Investment Firm ‘UBFS Invest powered by Moneychoice Brokers Ltd’, with number 239/14, ...
Europe vs. Facebook: Austrian activist wins another legal battle over data protection
May 27th, 2016
An Austrian privacy activist has won his next legal battle against so-called “model contract clauses,” used by thousands of multinational companies, including Facebook and Amazon, to legally transfer Europeans’ personal data to the US. Max Schrems, the 28-year-old data ...
Chinese fintech startups receive $2.4 billion from VC firms
May 27th, 2016
Now that the Chinese stock market is falling to levels last see a year and a half ago, one fertile area for Chinese venture capitalists (VC) and others is investing in local financial technology (fintech) startups. This has driven ...
CME Group Granted Recognised Clearing House Status by the Monetary Authority of Singapore
May 27th, 2016
CME Group, the world’s leading and most diverse derivatives marketplace, today announced that Chicago Mercantile Exchange Inc. has been formally granted the status of Recognised Clearing House (RCH) by the Monetary Authority of Singapore (MAS) with effect from 18 May 2016. With ...
CFTC Grants Registration to 3 Swap Execution Facilities
May 27th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued Orders of Registration to three Swap Execution Facilities (SEFs), granting them fully registered status with the CFTC. The SEFs approved for registration are: GTX SEF, LLC ...
Cyprus will develop offshore gas irrespective of reunification
May 26th, 2016
Cyprus will continue its project of developing offshore gas, keeping this dossier “completely separate” from the negotiations for the reunification of the island, the Cypriot Minister of Energy, Yorgos Lakkotrypis, said today (26 May). Speaking to a small group ...
TechFinancials reports decrease in Group revenue by 12% to US$13.6 million
May 26th, 2016
TechFinancials (AIM: TECH), a leading technology provider to binary options brokers, today announces its results for the year ended 31 December 2015. Operational Highlights Software Licensing (B2B) B2B business has performed strongly with significant revenue growth of 30% year-on-year ...
