The European Commission is to gain greater powers to oversee the activities of foreign financial firms operating in the European Union – including London-based firms post-Brexit – following an agreement reached late on Tuesday between EU governments and lawmakers.
Legal & Regulation
The Norfolk Pension Fund, represented by Robbins Geller Rudman & Dowd, a class action securities fraud law firm representing institutional investors in public markets, has won a major victory with a rare jury verdict, finding a company listed on the NASDAQ together with the company’s CEO and Board Chairman liable for securities fraud.
On Thursday 29 November 2018, Global Fund Media hosted an exclusive event in conjunction with the Bahamas Financial Services Board (BFSB), to showcase how the jurisdiction is updating its regulatory regime, not only to bring it into closer alignment with global best practices, but also to open itself up to more institutional fund interest.
Regulatory change has put the investor relations teams of UK companies’ under increasing pressure as demands from investors soar, according to the latest research from Orient Capital, the investor relations specialist and part of Link Group.
One year since the implementation of MiFID II, a new survey of fund managers and mid and small-sized quoted companies reveals that the new regulation has had a detrimental impact on demand and liquidity for small and mid-cap stocks, as the availability and quality of analyst research continues to decline.
The International Stock Exchange (TISE) has been approved as a Designated Offshore Securities Market (DOSM) by the US Securities and Exchange Commission (SEC).
B2C2 OTC, the UK subsidiary of cryptocurrency liquidity provider and electronic OTC trading specialist iB2C2, is now authorised and regulated by the UK’s Financial Conduct Authority to arrange and deal in Contracts for Difference (CFDs) with eligible counterparties and professional clients.
Speaking in London at a Guernsey Finance seminar, the Guernsey Financial Services Commission has outlined an approach to provide greater regulatory reassurance in the application of electronic customer due diligence (CDD).
The Bermuda Monetary Authority (BMA) has recorded a year-on-year increase in new re-insurance registrations, from 58 in 2017 to 75 in 2018.
Maples and Calder and MaplesFS which together comprise Maples Fiduciary and Maples Fund Services, have consolidated their offerings under a single brand, now called the Maples Group.