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FCA's New Disclosure Rules: What Every Regulated Firm Must Know Now
- The regulator implements reform of enforcement disclosure procedures following the Upper Tribunal recommendation.
- Changes include broader document review standards and enhanced staff training.
Monday, 11/11/2024 | 15:54 GMT by
Damian Chmiel
Unregulated FX Brokers Offer High Leverage and Low Fees, but Can Benefits Outweigh Risks?
- Anecdotal evidence suggests that the number of unregulated FX derivatives trading platforms is growing.
- Venues operating outside regulatory scrutiny avoid millions of dollars a year in compliance costs.
Thursday, 07/11/2024 | 15:03 GMT by
Paul Golden
FCA License Holders: Your 12-Month Countdown to New Market Rules Begins
- The regulator has unveiled major reforms to the bond and derivatives market, aiming to strengthen the UK's position as a global financial hub.
- The changes, effective December 2025, will simplify reporting requirements while improving investors' access to market data.
Tuesday, 05/11/2024 | 10:56 GMT by
Damian Chmiel
From 2025, CySEC Will Tighten Grip on Investment Firm Capital
- The regulator adopts EBA guidelines on group capital tests for CIFs, effective January 2025.
- Despite potential flexibility in capital requirements, it increases regulatory scrutiny for Cyprus-based FX/CFD companies.
Tuesday, 22/10/2024 | 07:38 GMT by
Damian Chmiel
Cyprus Watchdog Cracks Down on Sloppy AML Reporting, Warns of Sanctions
- CySEC identified weaknesses in reports from regulated entities, including CIFs and crypto providers.
- Areas for improvement include analysis of inspection methods and information on high-risk clients.
Wednesday, 07/08/2024 | 08:29 GMT by
Damian Chmiel
Australian Watchdog Steps Up Oversight of Financial Advisers and Traders
- ASIC announces new reporting rules for financial advisers using the experienced provider pathway.
- The regulator also calls on market intermediaries to strengthen the supervision of communication.
Wednesday, 26/06/2024 | 06:02 GMT by
Damian Chmiel
UK Chancellor Jeremy Hunt Clashes with FCA over Controversial “Name and Shame” Policy
- He joins the voices arguing that the FCA's plan could hinder economic growth.
- The debate underscores the increasing tension between the government and the regulator.
Wednesday, 01/05/2024 | 10:29 GMT by
Damian Chmiel
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
- Craig Allen could have misappropriated at least $2.64 million from the fund and its investors.
- The Commission seeks penalties and a bar against his participation in the securities market.
Thursday, 25/04/2024 | 08:09 GMT by
Damian Chmiel
Even Ministers Believe FCA's "Name and Shame" Policy Will Harm the City of London
- Critics from the private and public sectors argue that the move could unfairly damage reputations.
- Specifically, the FCA's investigations last an average of 4 years, and 65% conclude end without any resulting action.
Wednesday, 24/04/2024 | 08:28 GMT by
Damian Chmiel
This Company Sidesteps £50 Million Fine, as FCA Wants to Compensate More Investors
- The regulator finds Link Fund Solutions mismanaged Woodford Equity Income Fund.
- However, it will not impose a multimillion-pound fine to give more money back to investors.
Thursday, 11/04/2024 | 09:15 GMT by
Damian Chmiel
The BNPL Regulatory Landscape: A Close Look at NY and Global Developments
- Regulating tomorrow's payments.
Monday, 08/01/2024 | 11:57 GMT by
Pedro Ferreira
"Cut-and-Paste in Many Different Jurisdictions": Challenges in Retail Trading Regulation
- The panelists at FMLS on 'Retail Trading Regulation in 2024' emphasized the importance of preventing market manipulation and financial crime.
- They highlighted the importance of embracing AI wisely, underscoring its impact on market regulation.
Monday, 01/01/2024 | 11:30 GMT by
Tareq Sikder
ESMA Targets CFDs Again: Alarm over Misleading Financial Instruments
- According to the regulator, brokers tend to mix CFD and real shares offers.
- Moreover, influencers are believed to have too much impact on investment decisions made by retail traders.
Thursday, 14/12/2023 | 10:54 GMT by
Damian Chmiel
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