Search Results for: sec
SFC Hong Kong fined $3 million a security brokerage company
March 6th, 2017
The Securities and Futures Commission (SFC) has reprimanded Guangdong Securities Limited (GSL), now known as Sinolink Securities (Hong Kong) Company Limited (Sinolink), and fined it $3 million for failures in complying with anti-money laundering guidelines when handling third party ...
Peugeot owner to buy Open-Vauxhall creating Europe’s second-largest carmaker
March 6th, 2017
Establishes PSA Group as #2 in Europe. This strong and balanced presence in its home markets will serve as the basis of profitable growth worldwide Joint venture in auto financing with BNP Paribas to support development of Opel/Vauxhall brands ...
CySec informs Cyprus Investment Firms about freedom to provide investment services in a third country
March 6th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to inform Cyprus Investment Firms (CIFs) in respect of the freedom to provide investment and ancillary services and/or perform investment activities in a third country. According the Circular: ...
CySec: Two Administrative Services Providers waived their authorization
March 6th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued press releases to announce that the authorization of two Administrative Services Providers (ASP) lapsed. According the CySec’s announcements the ASP companies: 1) Suxess Management Ltd; and 2) Amiltrust Cyprus Ltd ...
SEC Posts Notice of Availability of IFRS Taxonomy
March 2nd, 2017
Foreign Private Issuers May Begin Submitting Their Financial Statements in XBRL The Securities and Exchange Commission published a taxonomy on its website so that foreign private issuers that prepare their financial statements in accordance with International Financial Reporting Standards (IFRS) ...
Eurozone Private Sector Expands Most Since 2011
March 1st, 2017
Eurozone manufacturing activity gathered further momentum in February but the pace of growth was slightly slower than the initial estimate, final data from IHS Markit showed Wednesday. The manufacturing Purchasing Managers’ Index rose to 55.4 in February from 55.2 ...
SEC Staff Issues Guidance Update and Investor Bulletin on Robo-Advisers
February 25th, 2017
The Securities and Exchange Commission today published information and guidance for investors and the financial services industry on the fast-growing use of robo-advisers, which are registered investment advisers that use computer algorithms to provide investment advisory services online with ...
CySec fined €63.000 a Cyprus Investment Firm
February 23rd, 2017
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors that, at its meeting held on January 23, 2017, decided to impose a total administrative fine of €63.000 on the CIF PriorFx ...
DFSA Signs MoU with European Securities and Markets Authority
February 23rd, 2017
The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in The European Union’s Market Infrastructure ...
ESAS warn on Money Laundering and Terrorist Financing risks affecting the EU financial sector
February 22nd, 2017
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a Joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union’s financial sector. This Opinion ...
