SEA Asset Management has been awarded a full Capital Markets (CMS) Licence to provide fund management services in Singapore by the Monetary Authority of Singapore (MAS).
Legal & Regulation
The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Christian Robert Mayer of Eden Prairie, Minnesota, for engaging in a fraudulent trading scheme involving unauthorised trades in cattle, crude oil and wheat futures contracts.
The SEC has postponed the resolution of the application filed by Direxion Investment for a series of ETFs designed to track the performance of Bitcoin.
Fintech firm JHC Systems (JHC) has broadened the scope of its partnership with Silverfinch, a European regulatory data exchange, and part of Compliance Solutions Strategies (CSS) product suite.
The Isle of Man has granted a new Class 1(3) financial services licence to Investec Bank (Channel Islands) Limited under the Island’s Alternative Banking Regime (ABR).
The CMA has proposed a number of reforms to the investment consultancy and fiduciary management sector after identifying a range of competition concerns.
Stephen Cohen, Head of iShares EMEA at BlackRock, has commented on the position of ETFs six months into MiFID II, examining what has changed so far.
Recent research from TeleWare reveals that just 60 per cent of employees in financial services firms have suitable processes and technology in place to capture, record and consequently retrieve real-time business communications. This means 40 per cent of firms are risking non-compliance with Article 16 of MiFID II.
New legislation designed to strengthen Jersey’s capabilities to fight financial crime was introduced last week.
A financial services Alliance with a combined global membership of 200,000 is challenging the FCA to do more to support professionalism in UK financial services.