regulation
Executive Interview: Amana Capital CEO Ahmad Khatib on FCA License Value in the Middle East
- Subsidiary Amana Financial Services UK Ltd. has been authorised by the FCA, making it one of the first middle eastern brokers to strengthen its brand position in a market where client awareness is growing rapidly.
Saturday, 26/04/2014 | 19:33 GMT by
Victor Golovtchenko
Sneak Peek of QIR1 Article on EMIR: Centralized Reporting Hits Europe
- The largest regulatory development in Europe during the first quarter was the onslaught of reporting that commenced under EMIR, however the lack of consensus on the definition of Foreign Exchange has caused a stir.
Saturday, 26/04/2014 | 08:00 GMT by
Steven Hatzakis
Witch-hunt Towards Non-US Brokers Continues - CFTC Obtains Injunction Against Halifax Investment Services
- Australia based Halifax Investment Services has been shown the red card by the financial regulator in the US. The CFTC has reported that it has obtained a permanent injunction against the FX brokerage firm for soliciting US residents.
Friday, 25/04/2014 | 17:16 GMT by
Adil Siddiqui
Russian Government: Forex Regulation Bill Needs More Work
- A vote on the second reading of the forex bill has not materialised as scheduled as the Economic Ministry views the bill to be lacking a clearly defined regulation subject, Finance Ministry says more work necessary.
Friday, 25/04/2014 | 12:13 GMT by
Victor Golovtchenko
The FX Corporate Identity Theft Trend Continues, FCA Warns About Another Clone
- Scammers are giving out some of the details of MN Financial Services Ltd., a former Appointed Representative Firm, to trick victims. This is the latest warning about a growing trend of "cloning" FX firms.
Wednesday, 23/04/2014 | 20:33 GMT by
Avi Mizrahi
FCA Crushes Hope, Rules On Fraudulent FX Scheme Worth $9.4 Million
- The Financial Conduct Authority is presently arbitrating a case against London resident, Alex Hope, orchestrator of a fraudulent forex scheme that is estimated to have duped clients out of approximately $9.4 million.
Wednesday, 23/04/2014 | 18:47 GMT by
Jeff Patterson
China SAFE to Conduct More Rigorous Checks of FX Businesses
- The PBOC's arm responsible for the FX market, the Chinese State Administration of Foreign Exchnage is raising alarm bells about bank conduct of FX regulations, as the Renminbi hits fresh 14 month lows.
Wednesday, 23/04/2014 | 12:17 GMT by
Victor Golovtchenko
Hong Kong Financial Regulator Slams RBS for Internal Control Failures
- The Securities and Futures Commission, Hong Kong’s main financial watchdog, issued a financial penalty to global banking giant, RBS. The regulator issued a reprimand and fined the bank $750,000 for internal control failures.
Tuesday, 22/04/2014 | 20:57 GMT by
Adil Siddiqui
CFTC Gives Green Light for Gain Capital's GTX SEF LLC application as a Swap Execution Facility
- The Commodities Futures Trading Commission has today posted that it temporarily approved the SEF application for GTX SEF LLC, after it had previously granted it time-limited no-action relief last October.
Thursday, 17/04/2014 | 20:12 GMT by
Steven Hatzakis
Director Of Sonray Capital Markets Sentenced to Six and a Half Years Jail After $46M Collapse
- The former sole director of the Saxo Bank introducing brokerage, Russell Johnson was sent to Jail for his part in the collapse of Sonray including false accounting, theft, deception and conspiracy to steal.
Thursday, 17/04/2014 | 06:59 GMT by
Avi Mizrahi
Sweden's FI Warns of Purported Fictitious Binary Options Exchange GFTrades.com
- The Swedish Financial Supervisory Authority has today warned of Clearskies Group Ltd & Neltom Ltd as not having proper authorisation by Finansinspektionen, and how they solicited investors in Sweden to GF Trades.
Wednesday, 16/04/2014 | 19:06 GMT by
Steven Hatzakis
High Frequency Trading: Analysis of an Industry Game Changer
- Regulators around the globe are panicking in the aftermath that the high-frequency trading scandal raised after the release of Flash Boys, while CME and CBOT are being sued for allegedly not providing real-time market data.
Wednesday, 16/04/2014 | 14:11 GMT by
Victor Golovtchenko
Facebook to offer money transfers after Irish regulatory approval
Wednesday, 16/04/2014 | 08:45 GMT by
FMAdmin Someone
FSMA Warns BFXoption.com is Out of Options in Belgium
- The Financial Services and Markets Authority (FSMA) of Belgium has alerted the public last week that the company BFXoption is not regulated nor authorized to provide investment services in or from Belgium.
Monday, 14/04/2014 | 17:45 GMT by
Steven Hatzakis
EMIR News: European Commission Asks FX Related Companies for Input
- All firms which are active in the trading of FX spot and derivative contracts are invited by the EC to submit their input about where should the boundary between an FX financial instrument and a spot FX contract be.
Monday, 14/04/2014 | 14:55 GMT by
Victor Golovtchenko
Canadian Regulator Extends Key Trade Reporting Deadlines Into 2015
- The Canadian Securities Administrators (CSA) has announced that it will extend key commencement dates for over-the-counter (OTC) derivatives trade reporting for market participants and clearing agencies.
Monday, 14/04/2014 | 11:28 GMT by
Jeff Patterson
Leading Chinese Bitcoin Exchanges Mount Overseas Exodus Amidst PBOC Policy Shift
Saturday, 12/04/2014 | 13:20 GMT by
Jeff Patterson
Officials From Leading Central Banks Gather In Sydney To Address FX Allegations
- A panel of senior fx officials constituting some of the leading central banks will meet in Sydney Friday for an annual meeting, whose focus will likely entail a string of probes alleging charges of fx collusion.
Thursday, 10/04/2014 | 17:26 GMT by
Jeff Patterson
New Zealand FMA Initiates New Guidelines, Broker Exodus Ahead?
- New Zealand’s Financial Market Authority (FMA), has announced the launch of Phase One in its initiation of new regulations in the country. Among changes is the requirement of increased net capital for foreign FSPs.
Wednesday, 09/04/2014 | 11:52 GMT by
Ron Finberg
Ontario Securities Commission Adds a CySEC-Regulated CIF to its Warning List
- The OSC has warned Ontario residents that the company operating binary options brands including 24option.com, 24fx.com, zoneoptions.com, grandoption.com, and binaryoption-affiliate.com, is not regulated in Canada.
Tuesday, 08/04/2014 | 20:50 GMT by
Steven Hatzakis
FIA Launches New Monthly Report To Foster Industry Transparency
- The Futures Industry Association (FIA) has announced the launch of its swap execution facilities (SEF) Tracker, a periodically released report detailing the trading activity placed on SEFs, credit, and fx.
Tuesday, 08/04/2014 | 18:12 GMT by
Jeff Patterson
Australian Watchdog Set To Sharpen Its Teeth: Submits Reforms Recommendations
- ASIC calls for extending its reach and toughening its penalties. The Australian regulator is petitioning the government for the ability to set heavier fines and longer jail terms in non-criminal proceedings.
Tuesday, 08/04/2014 | 15:55 GMT by
Avi Mizrahi
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