James Heinicke, Ogier

Ogier urges fund managers to take action ahead of introduction of Cayman data protection law

Mon, 16/09/2019 - 13:22

Managers of Cayman funds are being encouraged to act now to ensure they fully comply with the new obligations of the Cayman Islands Data Protection Law, 2017 scheduled to come into effect on 30 September 2019. »

James McDonald, CFTC

Tullet Prebon to pay USD13m CFTC penalty for supervisory failures and false statements

Mon, 16/09/2019 - 09:32

The US Commodity Futures Trading Commission has issued two orders filing and settling charges against Tullett Prebon Americas Inc, an interdealer broker and CFTC-registered introducing broker headquartered in New Jersey, requiring the company to pay a total of USD13 million for failing to supervise employees and making false or misleading statements to CFTC staff. »

Charlie Stout, ACA

ACA Compliance Group and Eagle launch 2020 GIPS compliance solution

Thu, 12/09/2019 - 10:28

ACA Compliance Group (ACA) and Eagle Investment Systems (Eagle), a BNY Mellon company and part of Data and Analytics Solutions, have partnered to help firms comply with the new 2020 Global Investment Performance Standards (GIPS). »

Jay Clayton, SEC

SEC and CFTC charge Options Clearing Corp with failing to establish and maintain adequate risk management policies

Thu, 05/09/2019 - 10:25

The Options Clearing Corporation (OCC) is to undertake remedial efforts and pay USD20 million in penalties to settle SEC and CFTC charges that it failed to implement policies to manage certain risks as required by US laws and SEC and CFTC rules. »

Luxembourg regulator issues Brexit reminders to UK investment firms

Wed, 04/09/2019 - 13:57

UK fund providers will have until 15 September 2019 to submit a ‘Brexit licence’ to the Luxembourg regulator to continue trading in the Grand Duchy.  »


One month to go until new Assessment of Value reporting requirements come into effect

Fri, 30/08/2019 - 10:10

With the FCA’s Policy Statement PS18/8 due to come into effect from 30 September 2019, Authorised Fund Managers (AFMs) will need to publish Assessment of Value reports from the end of January 2020 (within four months of their funds’ year-end). »

Regtech firm sees surge in demand as financial services industry prepares for Brexit

Fri, 30/08/2019 - 10:02

A global RegTech company has seen enquiries for its software triple as financial services firms prepare for a Post-Brexit landscape. »

Daniel Michael, SEC

SEC charges broker-dealer and CEO with supervision failures related to hedge fund valuation scheme

Thu, 22/08/2019 - 09:34

The Securities and Exchange Commission has charged New York-based broker-dealer AOC Securities, and its former chief executive officer, Ronaldo Gonzalez, with failing to supervise an AOC broker who provided inflated price quotes for certain securities to a significant customer of AOC. »


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