SteelEye, a compliance technology and data analytics firm, has been selected by Ardent Financial, a new FCA authorised Securities Dealer, to provide MiFID II and MAR compliance services.
Legal & Regulation
The Marlborough Group has expanded its global reach by registering its Ireland-domiciled UCITS fund of funds range with the Securities and Commodities Authority (SCA) in the United Arab Emirates and the Monetary Authority of Singapore (MAS).
TISA, the UK’s cross-industry financial services membership body, has appointed Atos, a digital transformation firm, to build a digital utility for the asset management industry, called the TISA Universal Reporting Network (TURN). TURN is being created to ease regulatory reporting requirements for MiFID II. It will be available across Europe based on blockchain technology and is due to launch in the last quarter of 2020.
Any UK business conducting crypto asset related activities will have to register with the FCA by today (30 June, 2020)or cease trading in 2021.
Calls grow for ‘new generation’ UK funds regime to boost industry post Brexit and encourage regional economic growth
Boutique asset management think tank New City Initiative (NCI) is calling for the development of a new UK fund structure that could rival UCITS and AIFs, while decentralising fund management in the country and encouraging regional growth.
The number of firms signed-up to use the Depository Trust & Clearing Corporation's (DTCC) European Securities Financing Transactions Regulation (SFTR) reporting solution has increased to 250.
The Securities and Exchange Commission (SEC) has made a whistleblower award of almost USD700,000 to a claimant whose prompt reporting led the SEC to open an investigation. The SEC whistleblower suffered “undue hardship” as a result of their activities.
Deutsche Bank has settled two CFTC enforcements by agreeing to pay over USD10 million in penalties.
A new framework for regulating virtual asset businesses in the Cayman Islands will add a welcome degree of certainty and help maintain the jurisdiction’s position as an attractive domicile for legitimate virtual asset businesses, according to Ogier partner Bradley Kruger.
Barnes & Thornburg has expanded into New York City with the opening of a Manhattan office and the hiring of six lateral partners and other seasoned attorneys from several of the city’s elite law firms.