The Securities and Exchange Commission today announced that Danae M. Serrano has been named the agency’s Ethics Counsel. Ms. Serrano has served as Acting Ethics Counsel since December 2018. “Danae has been a strong and capable leader of the agency’s ethics and compliance program since she stepped into the role of Acting Ethics Counsel late […]
Regulation round-up March 2019
March 2019 is the last month Regulation round-up will be available on our website. You can continue to receive Regulation round-up each month by signing up to our newsletter. March 2019 Quick Links Introduction: Nausicaa Delfas, Executive Director of International Yesterday, the Government confirmed that the date we will leave the EU has changed. The Government has agreed with […]
Opportunities, risks and challenges: considering financial regulation and technological innovation – Gerry Cross, Director, Financial Regulation – Policy & Risk
26 March 2019 Speech Remarks delivered at Funds Europe, European FundTech Lab event I would like to thank Funds Europe for inviting me to speak at today’s event. The mission of the Central Bank is to serve the public interest including by working to ensure that the financial system […]
ESMA reappoints the chair of its Supervisory Convergence Standing Committee
The Board of Supervisors of the European Securities and Markets Authority (ESMA) has reappointed the current chair João Sousa Gião, who is a Member of the Board of Directors of the Comissão do mercado de valores mobiliários (CMVM) of Portugal, of its Supervisory Convergence Standing Committee (SCSC). The appointment is effective immediately and will run […]
Wellingtoninv (clone of 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 […]
SEC Awards $50 Million to Two Whistleblowers
The Securities and Exchange Commission today announced awards totaling $50 million to two whistleblowers whose high-quality information assisted the agency in bringing a successful enforcement action. One whistleblower received an award of $37 million and the other received an award of $13 million. The $37 million award is the Commission’s third-highest award to date after […]
Retrait obligatoire et expertise indépendante : l’Autorité des marchés financiers conduit une réflexion sur les pistes d’évolution et annonce la constitution d’un groupe de travail
Dans le cadre du projet de loi PACTE (1) en voie d’adoption au Parlement, l’AMF a décidé d’ouvrir une réflexion sur une possible évolution des pratiques et de la réglementation relative au retrait obligatoire et à l’expertise indépendante, avec comme objectif une meilleure protection des actionnaires minoritaires. Dans ce contexte, un groupe de travail, co-présidé […]
ESMA responds to EC consultation on update of reporting guidelines to reflect climate-related disclosures
The European Securities and Markets Authority (ESMA) welcomes the European Commission’s proposal to update the non-binding Guidelines on non-financial reporting with the introduction of a specific supplement addressing climate-related disclosures. ESMA takes the opportunity to make some recommendations on how the Guidelines can be further developed to promote higher quality disclosures. ESMA, building on the […]
Letter to EC – Revision of the European Commission’s Non-Binding Guidelines on Non-Financial Reporting
Download PDF Original Article Here
City Financial Investment Company Limited enters administration
City Financial previously managed a number of Alternative Investment Funds for professional and institutional clients, which were not marketed to retail investors. These funds have been transferred to other fund managers or are being wound down. Financial Services Compensation Scheme (FSCS) Investors in funds formerly managed by City Financial do not need to contact the […]