The MFEX’s Hong Kong subsidiary has been awarded the Type 1 license dealing in securities by Hong Kong’s Securities and Futures Commission, received in early June.
Legal & Regulation
UK financial services face an uncertain future post-Brexit, as a think tank warns that the country’s dominant services sector has been overlooked in the trade negotiations with the EU.
The UK’s Financial Conduct Authority has taken steps to improve the advice given to those considering transferring their defined benefit pensions, by banning financial advisers from “contingent charging”. The practice has, in the past, allowed financial advisers to charge for advice only if a transfer goes ahead.
The average performance fee rate charged to funds in Europe has reached 17 per cent, according to new Performance Fee Benchmarking data released by Fitz Partners.
European asset manager Amundi, has been confirmed as a Super Management Company (Super ManCo) by Central Bank of Ireland. This complements a range of existing authorisations held by the firm including, individual portfolio management and investment advice.
EFAMA has submitted its response to the European Commission’s consultations on the review of the MIFID II / MIFIR regulatory framework, where it has outlined its recommendations on investor protection and capital markets and infrastructure.
Derivatives Service Bureau to consult on functionality and data enhancement as well as dispute resolution
The Derivatives Service Bureau (DSB) has announced the detail of its 2020 Industry Consultation process.
Societe Generale Securities Services (SGSS) has appointed Stewart Gladstone as head of segment and solutions for banks and financial intermediaries, and Steve Gutowski as director of sales and relationship management for broker dealers.
Technology and brokerage services provider for exempt securities North Captal has secured authorisation for secondary trading of unregistered securities on its Alternative Trading System (ATS).
When it comes to investing in Latin America’s private markets, Brazil leads the way, accounting for 58 per cent of all Private Equity and Venture Capital investment in 2019, according to the Association for Private Capital Investment in Latin America (LAVCA).