ASIC has signed a new Memorandum of Understanding (MoU) with the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA), regarding mutual assistance in the supervision and oversight of offshore oil and gas companies in Australia. Through the MoU, ASIC and NOPSEMA express their willingness to cooperate with each other in the interest of fulfilling …
The European Securities and Markets Authority (ESMA, the EU’s financial markets and securities regulator, today issued a public statement to warn investors of risks that arise when investment firms offer both regulated and unregulated products and/or services. Retail investors often rely solely on the reputation of an investment firm which makes them susceptible to overlooking …
Unauthorised firm details Name: XIP CAPITAL GROUPS Address: Sir Georges Road, Southampton, UNITED KINGDOM, SO15 3AU Admirals Court Drive, Greenhithe, Auckland, NEW ZEALAND Email: [email protected], [email protected] Website: www.xipcapitalgroups.com, www.xipcapitalsgroup.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 …
The FCA has worked with almost 100 lenders on how they treat borrowers in financial difficulty and has sought significant improvements from many of them. Issues identified included not adequately tailoring support to individual circumstances, failing to respond appropriately to customers with characteristics of vulnerability, and not effectively engaging with customers about money guidance and …
Lenders to pay out up to £47m in redress to borrowers in difficulty Read More »
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published its report on the Common Supervisory Action (CSA) with National Competent Authorities (NCAs) on the supervision of the asset valuation rules under the UCITS and AIFM Directives. In the final report ESMA presents its analysis and conclusions from the …
ESMA reports points out improvements needed in supervision of asset valuation Read More »
The FCA encourages young investors to adopt the same principles to investing as they do to their dating lives, as it launches the latest burst of its InvestSmart campaign. New FCA research shows that young investors are thinking more long-term when dating than investing: just 31% of people were investing to earn more money than …
Former managing director of Global Merces Funds Management Ltd (in liquidation) Ms Holly Marie Grofski has been sentenced to offences involving the falsification of documents and the provision of false information to an auditor. Following her guilty pleas, Ms Grofski was convicted and sentenced in the Brisbane District Court. Ms Grofski was sentenced on each …
Former managing director Holly Grofski convicted of criminal charges Read More »
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is consulting on draft regulatory technical standards (RTS) under the revised ELTIF Regulation. Interested stakeholders are invited to provide input by 24 August 2023. The RTS will specify the way the new requirements of the revised ELTIF regulation, in particular on …
ESMA seeks input on rules for long term investment funds Read More »
ASIC has cancelled the Australian financial services (AFS) licence of Centurion Custodian Funds Management Ltd (Centurion), effective from 18 January 2023. The license authorised Centurion to provide specified financial services, including financial product advice and dealing in interests in managed investment schemes for wholesale clients. ASIC cancelled the licence because Centurion had not provided any …
ASIC has suspended the Australian financial services (AFS) licence of Huntley Management Limited (HML) for 12 months, effective 21 March 2023. The licence authorised HML to deal in interests in managed investment schemes to retail and wholesale clients, and to provide general financial product advice to wholesale clients. HML is the responsible entity of twelve …
ASIC suspends AFS licence of Huntley Management Limited Read More »
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