Washington D.C., Jan. 21, 2022 — The Securities and Exchange Commission today announced three awards totaling more than $40 million to four whistleblowers who provided information and assistance in three separate covered actions. In the first order, the SEC issued an award of approximately $37 million to two joint whistleblowers who provided key evidence that […]
FCA review finds evidence of growing competition in retail banking
In an update to its 2018 strategic review of retail banking, the FCA found that, while still strong, there are signs large banks’ historic advantages are starting to weaken, driven by digital innovation and changing consumer behaviour. The economic environment – in particular sustained low interest rates – has also constrained banks’ financial returns. […]
Open procurement procedure – ICT Consultancy – DEADLINE 7/03/2022 – 23:59
Download PDF Original Article Here
ESMA launches a Common Supervisory Action with NCAs on valuation of UCITS and open-ended AIFs
The CSA aims to assess compliance of supervised entities with the relevant valuation-related provisions in the UCITS and AIFMD frameworks, in particular the valuation of less liquid assets, and will be conducted throughout 2022. The CSA will focus on authorised managers of UCITS and open-ended AIFs investing in less liquid assets i.e.: unlisted equities, unrated […]
SEC Seeks Candidates for Investor Advisory Committee
Washington D.C., Jan. 19, 2022 — The Securities and Exchange Commission is seeking candidates for appointment to the Investor Advisory Committee to help protect investors and improve securities regulations. The committee was established under the Dodd-Frank Wall Street Reform and Consumer Protection Act to advise the Commission, protect investor interests and promote the integrity of the […]
FCA to strengthen financial promotions rules to protect consumers
Under the proposed rules, the FCA would ensure firms that approve and communicate financial marketing have relevant expertise and understanding of the investments being offered, improve risk warnings on ads and ban incentives to invest, for example new joiner or refer-a-friend bonuses. Those looking to make certain high-risk investments would also be asked more robust […]
ESMA issues 2021 report on accepted market practices under MAR
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its annual report on the application of accepted market practices (AMPs) in accordance with the Market Abuse Regulation (MAR). The number of liquidity contracts and the volumes traded under the AMPs has decreased for the four NCAs that have them […]
Report on the application of accepted market practices_2021
Download PDF Original Article Here
FCA confirms approach to European firms temporarily operating in the UK
The regime was designed to ensure that European firms operating in the UK via a passport when the Brexit transition period ended could continue operating temporarily while they seek full authorisation in the UK. The TPR should only be used by firms who want to operate in the UK in the long-term and meet the standards to do so. Firms may be asked to stop undertaking new business or could be removed from the TPR if they miss their ‘landing slot’, fail […]
Statement from Nikhil Rathi on Lord Myners
Following news of the death of Lord Myners, Nikhil Rathi, Chief Executive of the FCA, issued the following statement on the organisation’s behalf: ‘I am saddened to hear about the death of Lord Myners. I had the privilege to work closely with Paul during the financial crisis and saw at first hand his ability to […]