The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published or updated the following Questions and Answers: Alternative Investment Fund Managers Directive (AIFMD) Permission of AIFMs to delegate portfolio or risk management to non-supervised undertakings established outside of the EU (2229) AIFMs safekeeping client money (2230) Central Securities Depositories Regulation (CSDR) …
The FCA has fined Arian Financial LLP (Arian) £288,962.53 for failing to ensure it had effective systems and controls against financial crime. Arian’s failure to implement adequate systems and controls against financial crime put it at risk of being used to support fraudulent trading and money laundering on behalf of clients of the Solo Group. …
FCA fines Arian Financial LLP £288,962.53 for failings relating to cum-ex trading Read More »
The FCA has issued a Final Notice objecting to the proposed acquisition of Olampicaran Limited (Olampicaran) by Mr Ahmed. Mr Ahmed failed to notify and seek approval from the FCA, causing harm to the integrity of the UK payment services market. Mr Ahmed sought to acquire 100% control of Olampicaran, which was a small payments …
FCA objects to Change in Control due to failures to meet standards Read More »
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