Search Results for: European Union (EU)
ESMA issued a notice on product intervention renewal decision in relation to binary options
October 4th, 2018
On 21 September 2018, the European Securities and Markets Authority (ESMA) adopted a Decision under Article 40 of Regulation (EU) No 600/2014 to prohibit the marketing, distribution or sale of binary options to retail clients. The Decision renews and ...
EBA and ESMA publish Guidelines on suitability assessment for management body members and key function holders
July 6th, 2018
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have published their joint Guidelines to assess the suitability of members of management bodies and key function holders. These guidelines are issued pursuant to Article 16 ...
ESMA clarifies traded on a trading venue under MIFID II
May 22nd, 2017
Legal basis ESMA’s competence to deliver an opinion to competent authorities is based on Article 29(1)(a) of Regulation (EC) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European ...
EBA consults on its guidance for the use of cloud computing
May 19th, 2017
The European Banking Authority (EBA) launched today a consultation setting out its guidance for the use of cloud service providers by financial institutions. The EBA Recommendations intend to clarify the EU-wide supervisory expectations if institutions intend to adopt cloud ...
CySec has issued a Circular for market particpants
February 1st, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to inform regarding MAR Guidelines on Information relating to commodity derivatives markets or related spot markets for the purpose of the definition of inside information on commodity derivatives ...
Why the EU says Apple must pay Ireland $14.5 billion in tax
September 1st, 2016
The European Commission (EC) ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid. What is the EC alleging? The European ...
CySec imposed administrative fine on a Cyprus Investment Firm
August 10th, 2016
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform the public that, at the meeting held on 25 July 2016, it decided to impose a total administrative fine of €2.000 to the Cyprus Investment ...
Investors see bitcoin as safe haven
June 27th, 2016
Demand is up following drop in pound as a result of Brexit Demand surged for bitcoin as a safe haven from the British pound, which plummeted after the UK voted to leave the European Union (EU). The pound fell ...
Europe to follow Asia’s lead with mixed open; Bayer puts in $62 billion Monsanto bid
May 23rd, 2016
European stocks are expected to open mixed on Monday following a mixed start to the week in Asia after weak Japanese export data and a dip in oil prices. The London FTSE index is called to open 1 point higher ...
While global response to BEPS is cautious, Europe is increasingly leading the drive toward implementation
March 29th, 2016
Despite recent moves to formalize global tax reform, many jurisdictions are in fact reducing corporate income tax burden and rates While Europe leads BEPS implementation, most jurisdictions are yet to respond 69% cite new transparency requirements as key implementation ...
