The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has responded to the European Commission request on amendments to the European long-term investment fund (ELTIF) Technical Standards (RTS). In the letter ESMA suggests that there should be a limited number of changes to find the right balance between protecting retail …
ESMA proposes changes to ELTIF Technical Standards Read More »
Introduction In 2000, the 4 biggest US corporations by market value were General Electric (founded in 1892), Exxon Mobil, drilling for oil since 1911, Pfizer producing medicines since 1849 and Citigroup with origins since 1812. The fifth was Microsoft founded in 1975. Today the top 5 are Microsoft, Apple, Alphabet (parent company of Google) Amazon …
Navigating the UK’s Digital Regulation Landscape: Where are we headed? Read More »
In a speech delivered today, the FCA’s Chief Executive Nikhil Rathi announced the regulator’s plans to examine how Big Tech firms’ unique access to large sets of data could unlock better products, more competitive prices and wider choice for consumers and businesses. The speech at a Digital Regulation Cooperation Forum (DRCF) event outlined Nikhil Rathi’s …
Name: BLUEOCEAN ASSET Address: 26-28 Victoria Parade, London, UNITED KINGDOM, SE10 9FR Email: [email protected] Website: www.blueoceanasset.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information …
The Financial Conduct Authority (FCA) is looking for expressions of interest from market participants to join our advisory committee. The committee was established in 2022 and we are renewing the membership in line with our terms of reference. The purpose of the committee is to support our work in wholesale secondary markets for equities, derivatives, …
FCA looks for members for its advisory committee on secondary markets Read More »
We have cancelled the permissions of KBFS Financial Limited (KBFS), preventing them from providing any financial services. KBFS failed to engage with us in an open and cooperative way. KBFS also failed to pay redress awarded to former members of the British Steel Pension Scheme (BSPS) by the Financial Ombudsman Service. Our final decision notice …
FCA cancels KBFS Financial Limited’s authorisation Read More »
We’ve been investigating a number of complaints, under our complaints scheme, about our actions or inactions in relation to the British Steel Pension Scheme (BSPS). Members of the BSPS worked hard during their employment and have experienced significant worry regarding their financial security in retirement. We found that many BSPS members suffered financial loss after …
FCA publishes response to British Steel Pension Scheme complaints Read More »
Benjamin Thomas Molloy of Point Cook, Victoria appeared at the Melbourne Magistrates Court charged with one count of breaching his duties as a director pursuant to section 184(2)(a) of the Corporations Act 2001 (Cth) and five counts of making false statements to ASIC pursuant to section 1308(2) of the Corporations Act 2001 (Cth). Following an …
The founder of listed bottled water producer Eneco Refresh, Henry Eng Chye Heng, was sentenced to 18 months’ imprisonment for market manipulation and creating a false or misleading appearance of active trading following a hearing in the Perth District Court on the 19 April 2024. The court ordered Mr Heng be released forthwith on recognisance …
Henry Eng Chye Heng sentenced to 18 months’ imprisonment for misleading share trading Read More »
ASIC has cancelled the Australian Financial Services (AFS) licence of JB Markets Pty Ltd (JB Markets) effective from 12 April 2024, for failing to: comply with the financial requirements of its AFS licence; and have adequate resources to provide the financial services covered by the licence and to carry out supervisory arrangements. Under the Corporations …
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