Day: July 25, 2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has withdrawn as required by EMIR the recognition decisions of the following three central counterparties (“CCPs”) established in the United Arab Emirates (including the Dubai International Financial Centre): Dubai Commodities Clearing Corporation; Dubai Clear LLC; Nasdaq Dubai Ltd. This withdrawal follows …

Inclusion of the United Arab Emirates on AML blacklist requires ESMA to withdraw the recognition decisions of three CCPs Read More »

ASIC has granted temporary and narrow legislative relief for a funeral savings initiative developed to assist disadvantaged consumers. The legislative relief relates to certain licensing, disclosure, and design and distribution obligations. The relief is granted for a period of five years and will expire on 18 July 2028. The Funeral Saver Safety Net is an …

ASIC grants temporary relief for Funeral Saver Safety Net Read More »

ASIC has lodged civil penalty proceedings in the Federal Court against Vanguard Investments Australia, alleging misleading conduct in relation to claims about certain environmental, social and governance (ESG) exclusionary screens applied to investments in a Vanguard fund. ASIC alleges Vanguard made false and misleading statements and engaged in conduct liable to mislead the public in …

ASIC commences greenwashing case against Vanguard Investments Australia Read More »

We have removed permissions from Samsky Pay Ltd. This means it is no longer permitted to carry out regulated activities. The firm appears to have provided investment products or services, entering into written investment agreements and receiving deposits of funds from customers, without the required permissions. Any investments with Samsky Pay may not be protected, …

Samsky Pay Ltd consumer warning Read More »

Commenting on today’s announcement from the NatWest Board regarding recent allegations, Sheldon Mills, Executive Director, Consumers and Competition said: ‘We have raised concerns with NatWest Group and Coutts about the allegations relating to account closures and breach of customer confidentiality since these came to light. ‘We made clear our expectation that these issues should be …

FCA statement following NatWest Board announcement Read More »