Search Results for: EC
EU Commissioner to discuss gas supply with Israel, Greece, Cyprus and Italy
April 3rd, 2017
European Union Climate Action and Energy Commissioner Miguel Arias Cañete will travel to Tel Aviv on April 3 to discuss the potential of gas from the eastern Mediterranean region for Europe with the Energy Ministers from Israel, Greece, Cyprus ...
ASIC extends the relief provided for foreign collective investment schemes for two years
April 3rd, 2017
ASIC has extended Class Order Foreign collective investment schemes () for two years. This class order was due to expire (sunset) on 1 April 2017. provides relief for collective investment schemes from the requirement ...
Nordic law firm to use artificial intelligence technology to improve efficiency
April 3rd, 2017
Roschier has started deploying pioneering artificial intelligence technology, Luminance, to improve the efficiency of its due diligence process, initially for M&A transactions. Luminance uses machine learning and advanced mathematical techniques to speed up contract review processes without sacrificing accuracy. ...
CySec suspends the license of Cyprus Investment Firms providing Forex and Binary Options trading
April 3rd, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued four announcements to inform investors and public on its decision dated 13/03/2017 to suspend the license of four Cyprus Investment Firms (CIFs). According the announcements, CySec has suspended the authorization ...
CySec has issued a Circular for the Regulated Entities in Cyprus
March 31st, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a circular to remind the Regulated Entities of the following, noting the well-known principle that ignorance of the Law is no defence. According to Article 68C of the Prevention and Suppression of ...
Abu Dhabi to launch FinTech Summit in October 2017
March 31st, 2017
Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, is pleased to partner with PwC to launch the inaugural FinTech Abu Dhabi Summit in October 2017. The FinTech Abu Dhabi Summit, to be organised alongside with ...
Commodities broker Marex Spectron announced record profits
March 31st, 2017
Marex Spectron, the global commodities broker, today announced record profits before tax of $27.0 million for the year through to 31 December 2016, a 53% increase on the $17.6 million reported in 2015, and maintains the firm’s positive earnings ...
CySec warns for XECOIN or cryptocoin available in Cyprus
March 30th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors and public regarding XECOIN or cryptocoin that according to information is available in Cyprus. According to CySec’s announcement, XECOIN or cryptocoin is not a financial ...
Spanish Banking Giant BBVA Now a Member of Hyperledger Blockchain Project & Linux Foundation
March 30th, 2017
Spanish multinational banking group BBVA becomes the latest financial institution to join the Hyperledger Project, a cross-industry blockchain collaborative with open-source principles led by the Linux Foundation. Announced by the banking giant this week, BBVA also notably becomes a ...
How European Union households energy consumption covered; electricity 25%
March 30th, 2017
Lighting, heating, transport, industrial output: energy is vital for essential day-to-day services, without which we and our businesses cannot function. Turning on our computers or starting our cars are actions that we take for granted, yet they represent the ...
