News Centre

Minutes Of The Federal Open Market Committee, September 15-16, 2020

Date 07/10/2020

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 15–16, 2020. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.

SEC Proposes Conditional Exemption For Finders Assisting Small Businesses With Capital Raising

Date 07/10/2020

The Securities and Exchange Commission today voted to propose a new limited, conditional exemption from broker registration requirements for “finders” who assist issuers with raising capital in private markets from accredited investors.  If adopted, the proposed exemption would permit natural persons to engage in certain limited activities involving accredited investors without registering with the Commission as brokers.  The proposed exemption seeks to assist small businesses to raise capital and to provide regulatory clarity to investors, issuers, and the finders who assist them.

ESMA Issues Latest Double Volume Cap Data

Date 07/10/2020

Regulating In The Dark: What We Don’t Know About Finders Can Hurt Us, SEC Commissioner Allison Herren Lee Oct. 7, 2020

Date 07/10/2020

The Commission proposes today to create a new exemption that will permit individuals to engage in traditional brokerage activity without the important investor protections that come with registration as a broker-dealer, effectively creating a new category of unregistered financial professionals. Further, we propose to do this through exemptive relief, thus circumventing important economic analysis that should accompany a proposed policy shift of this significance.  I could have supported a proposed rulemaking that offered a scaled registration model for finders that tailored investor protections to the new risks the model creates. Instead, today we simply propose to permit unregistered activity that meets the traditional definition of brokerage with

eosfinex Launches Beta Version Of mainnet, Brings Bitfinex Liquidity To The EOS Community

Date 07/10/2020

eosfinex (https://www.eosfinex.com/), a high performance, non-custodial digital asset exchange, and portfolio management solution built on EOSIO technology, has officially launched a beta version of its mainnet, bringing Bitfinex liquidity to the EOS community. At launch, Equilibrium’s EOSDT, Everipedia’s IQ and pTokens’ (pBTC, pETH and PLTC) will be listed for immediate trading in addition to other popular large market cap currencies. 

Open Meeting On Proposed Finders Exemption – Providing Regulatory Clarity To Benefit Small Businesses, SEC Chairman Jay Clayton, Oct. 7, 2020

Date 07/10/2020

Good morning.  This is an open meeting of the U.S. Securities and Exchange Commission, under the Government in the Sunshine Act.

Card Issuers Confront Fast-Moving Fraud While Optimizing Cardholder Spend With AI-Driven Solution From Fiserv - Advance Defense Enables Intelligent Transaction Decisioning

Date 07/10/2020

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, has introduced a first-of-its-kind intelligent fraud detection solution for card issuers of all sizes, designed to help minimize fraud losses while maximizing legitimate cardholder spend for a full range of card types.

Hamish Warnock ACSI Appointed Chair Of CISI Wealth Management Forum Committee

Date 07/10/2020

The Chartered Institute for Securities & Investment (CISI) is delighted to announce the appointment of Hamish Warnock ACSI as Chair of the CISI Wealth Management Forum Committee.

Oxford University Publishes CFTC Chairman Tarbert’s Article On Dodd-Frank’s Derivatives Reforms - Excerpts From Chairman Tarbert’s Article In Oxford’s Journal Of Financial Regulation: “The Enduring Legacy Of Dodd-Frank’s Derivatives Reforms”

Date 07/10/2020

“The Dodd-Frank Act was a momentous and controversial legislative response to the 2007–09 financial crisis. Although some of its provisions have subsequently been challenged in the courts and overturned by a bipartisan Congress, other aspects of the Dodd-Frank Act are likely to stand the test of time. Chief among these are Dodd-Frank’s Titles VII and VIII, which govern derivatives.”

Alternative Investment Management Association Welcomes The Decision Of The European Union To Remove The Cayman Islands From Its List Of Non-Cooperative Jurisdictions For Tax Purposes

Date 07/10/2020

AIMA welcomes the decision of the Council of the European Union to remove the Cayman Islands from the EU list of non-cooperative jurisdictions for tax purposes.