ESMA consults on revising CRAs’ periodic reporting

In March 2015, ESMA published its first set of Guidelines on the periodic information that CRAs should submit to ESMA for the purposes of their ongoing supervision. The information received under these Guidelines is key to ensuring that ESMA is capable of efficient and effective supervision of the CRA sector. However, since the introduction of […]

FCA News

The FCA’s approach to Brexit: our preparations and our vision for the future

Speaker: Nausicaa Delfas, Executive Director of InternationalEvent: Bloomberg/TheCityUK, LondonDelivered: 19 July 2018Note: this is the speech as drafted and may differ from delivered version Introduction It has been a remarkable year in international affairs – dominated by change. So, I would like to take a step back today and offer a few reflections on an area which I […]

SEC News

SEC Charges Investment Adviser and CEO With Misleading Retail Investors

The Securities and Exchange Commission today charged a Connecticut-based investment advisory firm and its chief executive officer with putting $19 million of investor money, including elderly investors’ retirement savings and pension plans, in risky investments and secretly pocketing hefty commissions from those investments.  The SEC’s complaint alleges that Temenos Advisory Inc. and George L. Taylor […]

SEC News

SEC Adopts Rules to Enhance Transparency and Oversight of Alternative Trading Systems

The Securities and Exchange Commission today announced it has voted to adopt amendments to Regulation ATS to enhance operational transparency and regulatory oversight of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange. “I applaud the staff’s retrospective review of our regulation of ATSs.  I agree that promoting greater transparency in […]