Search Results for: VAT
ASIC suspends retail OTC derivative licence
August 17th, 2015
ASIC, the financial regulator of Australia, has issued a press release to inform that it has suspended the Australian financial services (AFS) Licence of retail OTC derivative provider Australian Capital Markets Advisory Services Pty Ltd (ACMAS), after change of control. ...
Financial stability: new Commission rules on central clearing for interest rate derivatives
August 10th, 2015
The European Commission has today adopted new rules that make it mandatory for certain over-the-counter (OTC) interest rate derivative contracts to be cleared through central counterparties. Mandatory central clearing is a vital part of the response to the financial ...
European Court of Justice Official Proposes Bitcoin VAT Exemption
July 17th, 2015
Bitcoin operations should be exempt from Value Added Tax (VAT), the Advocate General of the European Court of Justice said in an opinion document published today. Citing existing exemptions for currency and money transactions in Europe’s VAT Directive, Attorney ...
CySec has issued an announcement regarding Activation Procedures for Autorized Firms
July 9th, 2015
CySec has issued today an announcement regarding Activation Procedures for Autorized Firms specifying that: In order to improve the process of activation of persons who have obtained licence by the Cyprus Securities and Exchange Commission (“CySEC”) and in order to ...
Legal professionals are becoming more innovative in running their businesses but more is needed
July 8th, 2015
Findings from the largest ever study of innovation in the legal sector, commissioned by the Solicitors Regulation Authority (SRA) and the Legal Services Board (LSB), suggest that legal professionals, including solicitors and barristers, are becoming more innovative in the ...
LCH.Clearnet launches clearing of European Senior Financials Credit Derivatives
June 23rd, 2015
First CCP to offer its members the full range of European Senior Financials indices and single names for clearing Participants now benefit from greater capital and margin efficiencies through portfolio margining LCH.Clearnet is the only EMIR-authorised clearing house to ...
Bitcoin Could Change The Derivatives Market, Says UBS Banker
June 22nd, 2015
Bitcoin could change derivatives, in particular settlement, trading and securities issuance according to some individuals, among whom are bankers and technologists. Alex Batlin, who has been a vocal supporter of banks adopting Bitcoin related technologies, told attendees of the ...
ECommPay Recognised as Most Innovative Payment Provider Europe 2015
June 19th, 2015
ECommPay has issued a press release to inform that: The prestigious Global Banking and Finance Review Awards take place on a rolling basis, rewarding the most creative emerging bank organisations and service providers within the financial sector. Based on ...
No VAT on Bitcoin in Switzerland
June 15th, 2015
Excellent news from the Swiss Federal Tax Administration (ESTV): no VAT applies to Bitcoin in Switzerland. “This is excellent news for Bitcoin in Switzerland as it provides the legal certainty we need to professionally operate our business,” Niklas Nikolajsen, ...
TMX Group Announces eXplore TMX Innovation Lab
June 15th, 2015
TMX Group has issued an announcement to inform that: New initiative designed to accelerate technological and organizational innovation TMX Group announced the launch of eXplore TMX Innovation Lab, a new initiative that will leverage both emerging and in-house technology ...
