ESMA publishes today an article on the evolution of the European share market structure from 2019 to 2022, following the implementation of the markets in financial instruments directive (MiFID II). Specific focus is given to the impact of the UK’s withdrawal from the EU, given its pivotal role in equity markets. The European market structure …
Following an investigation by ASIC, two financial services companies have been charged in separate proceedings with multiple criminal offences relating to the failure to lodge financial accounts with ASIC. APC Securities Pty Ltd, formerly known as McFaddens Securities Pty Ltd, and Brava Capital Pty Ltd, formerly known as Dayton Way Securities Pty Ltd, appeared in …
Charges laid against two financial services companies Read More »
We have reviewed the findings of the initial independent report, commissioned by NatWest, into decisions on potential account closures and data protection breaches. This report, and additional information we have considered, has highlighted potential regulatory breaches and a number of areas for improvement. These include: the firms’ processes, systems and controls around how they consider …
ASIC has prosecuted 100 individuals from 1 January 2023 to 30 June 2023 for failing to assist registered liquidators. These prosecutions follow the failure of company officers and other individuals to comply with key governance obligations to provide registered liquidators with access to company books and submit a report on company activities and property (ROCAP) …
ASIC prosecutes 100 individuals for failing to assist registered liquidators Read More »
ASIC has obtained interim orders from the Federal Court freezing the funds and assets of Australian Financial Services licensee Brite Advisors Pty Ltd (Brite). ASIC’s application for these orders was made because ASIC is concerned that: the current financial position of Brite is unknown, as Brite has failed to lodge with ASIC its financial statements …
Federal Court freezes funds and assets of Brite Advisors Read More »
ASIC has signed the International Association of Insurance Supervisors (IAIS) Multilateral Memorandum of Understanding (MMoU), an international supervisor cooperation and information exchange agreement. The IAIS MMoU provides a global framework of compliance and confidentiality to allow for open cooperation and exchange between insurance supervisors. To become a signatory to the MMoU, applicants undergo a rigorous …
ASIC signs MMoU with the International Association of Insurance Supervisors Read More »
ASIC has disqualified Anthony Murray and his son, Danny Luke Murray, of Martinsville, NSW, from managing corporations for 4 years, after their involvement in two failed companies. Between 2007 and 2019, Anthony Murray was a director of two failed companies: MKD Custom Stainless & Design Pty Ltd (ACN 615 206 025) (de-registered) (MKD); and Site …
NSW Central Coast construction services directors disqualified Read More »
On 19 October 2023, ASIC suspended the Australian Financial Services (AFS) licence of financial services provider, Celtic Equities Management Pty Ltd for six months. ASIC surveillance found Celtic Equities Management failed to: lodge its financial statements and audit report for the financial years ended 30 June 2017 to 30 June 2022; pay its outstanding ASIC …
ASIC suspends AFS licence of Celtic Equities Management Read More »
Fraudsters are using the following details to scam people: Name: Morgan Stanley/msaccounts.uk (Clone of FCA Authorised firms) Telephone: +442080798113 Email: [email protected] Scammers may give out other false details, including email addresses, telephone numbers, postal addresses and Firm Reference Numbers. They may mix these details with the genuine details of authorised firms. They may also change …
Morgan Stanley/msaccounts.uk (Clone of FCA Authorised firms) Read More »
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) today published a Consultation Paper on two draft Joint Guidelines covering suitability assessment of members of the management body, and suitability of shareholders and members with qualifying holdings of issuers of asset referenced tokens (ARTs) and of crypto-asset service provider (CASPs). The …
EBA and ESMA consult on two sets of joint guidelines under MiCA Read More »
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