Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a ‘clone firm’; and fraudsters usually […]
Statement – Elite Insurance Company
20 March 2019 Press Release 20 March 2019 The Gibraltar Financial Services Commission has published a notice in relation to Elite Insurance Company. Further information is available here. 28 July 2017 The Gibraltar Financial Services Commission has today published an update in relation to Elite Insurance Company. For […]
FCA response to National Audit Office report
The FCA welcomes today’s report by the National Audit Office – Regulating to protect consumers: Utilities, communications and financial services markets. The report provides a view of the challenges that regulators, including the FCA, face when measuring their performance and understanding what works well for consumers. Andrew Bailey, Chief Executive at the FCA, said: ‘Protecting consumers […]
ESMA publishes its Data Operational Plan under a no-deal Brexit scenario
This statement complements the previous statement on the use of UK data in ESMA’s databases and performance of MiFID II calculations in case of a no-deal Brexit from 5 February 2019 and provides further details related to the operation of ESMA data systems during the period following a no-deal Brexit occurring on 29 March 2019. […]
Public statement on Brexit Data Operational Plan
Download PDF Original Article Here
ESMA’s application of the trading obligation for shares following a no-deal Brexit
ESMA is issuing this statement in response to requests from many market participants for additional clarity and certainty on the application of the TO for shares in the absence of an equivalence decision by the EC. ESMA recognises that its approach may lead to an overlap of trading obligations for a number of shares and […]
FCA statement on share trading obligations
The EU MiFID II and onshored UK MiFID regimes both have share trading obligations (STOs) which mandate investment firms to trade certain shares on regulated markets, multilateral trading facilities, systematic internalisers or third-country trading venues assessed as equivalent by the EU and UK respectively. ESMA has today published its expectations for the STO in the EU in the […]
Pennberg KPO LLC
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. However, some firms act without our authorisation and some knowingly run investment scams. This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we […]
Tomas Tisler Financial Management (clone of EEA authorised firm)
Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a ‘clone firm’; and fraudsters usually […]
FCA fines UBS AG £27.6 million for transaction reporting failures
Mark Steward, FCA Executive Director of Enforcement and Market Oversight said: ‘Firms must have proper systems and controls to identify what transactions they have carried out, on what markets, at what price, in what quantity and with whom. If firms cannot report their transactions accurately, fundamental risks arise, including the risk that market abuse may be […]