EFAMA, the European Fund and Asset Management Association, has called on the European Commission to postpone the UCITS exemption within the PRIIPS regulation, following a letter issued yesterday by the European Supervisory Authorities (ESMA, EIOPA and BA).
Legal & Regulation
PIMFA, a wealth management and financial advice association, has welcomes the FCA’s decision to further investigate industry concerns about the operation of the PRIIPs regime since its implementation in January 2018.
Global professional services firm, PwC has acquired KYC-Pro, a regtech solution, from boutique financial services compliance firm, FSCom Limited, for an undisclosed amount.
A new piece of legislation introducing lasting powers of attorney (LPAs) to Jersey is a welcome addition to the Island’s legal framework, according to a lawyer at Bedell Cristin.
Last week saw the publication of the UK’s HM Treasury report on crypto assets, with Rt Hon Nicky Morgan MP, Chair of the Treasury Committee, commenting that crypto assets exist in the ‘wild west’.
IronX, a new Crypto Exchange joint venture between global online broker IronFX Group and EmurgoHK, creator of the Cardano blockchain, has been awarded full regulatory licence approval by the Estonian Financial Intelligence Unit (FIU).
‘Wild West’ crypto-assets should be regulated according to the UK Treasury Committee which has published a unanimously-agreed report on crypto-assets for its Digital Currencies inquiry.
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).
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.