News Centre

Brown Rudnick Alert: US Sanctions On Iran “Snap Back”: What Does It Mean?

Date 17/05/2018

On May 8, 2018, President Trump announced that the United States would cease implementing the Joint Comprehensive Plan of Action (“JCPOA”), triggering a re-imposition of certain previously suspended sanctions on Iran. Much of the immediate impact of this change in U.S. policy will be on non-U.S. companies that will now need to be concerned with the re-imposition of secondary sanctions applicable to non-U.S. persons. Significantly, this change in U.S. policy returns U.S. and non-U.S. companies doing business globally back to the challenging compliance environment beginning in 2010 – after U.S. and EU trade restrictions on doing business in Iran diverged markedly – a period marked by large enforcement actions by the United States against a number of EU banks for Iran-related activities.

Cboe Global Markets Announces 2018 Annual Meeting Results

Date 17/05/2018

Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world's largest exchange holding companies, today announced the shareholder voting results from its 2018 Annual Meeting held today. 

New York State Department Of Financial Services Continues Actions To Support Responsible Innovation In New York’s FinTech Industry - Paxos Trust Company LLC, An Existing DFS Licensee, Is Now Authorized To Offer Bankchain Precious Metals Platform - Department Grants Virtual Currency License To Genesis Global Trading

Date 17/05/2018

Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services has authorized Paxos Trust Company LLC, formerly known as itBit Trust Company, to offer a permissioned, blockchain-based post-trade platform settlement service called Bankchain, and has granted a virtual currency license to Genesis Global Trading, Inc.

CalPERS Unveils Direct Investment Model For Private Equity - Fund Will Explore Directly Investing In Companies To Hold Long Term

Date 17/05/2018

CalPERS today unveiled two new strategic business models for its private equity program, after more than a year of discussion and examination among the board and investment office.

CFTC Chairman Giancarlo To Make An Appearance At The NASAA FinTech Forum

Date 17/05/2018

Report From FINRA Board Of Governors Meeting – May 2018 - Board Approves Rule Proposals And Previews Annual Financial Report

Date 17/05/2018

FINRA’s Board of Governors held its second meeting of 2018 on May 9-10 in New York, where it approved two new rule proposals and previewed a draft of the organization’s Annual Financial Report, which FINRA issues each year to provide transparency into its finances. The 2017 report will be published in June.

British Columbia Securities Commission Investor Alert: Cryptocurrencies

Date 17/05/2018

The British Columbia Securities Commission (BCSC) has noticed an increase in the number of cryptocurrency offerings involving an initial coin offering (ICO) or initial token offering (ITO).

Vienna Stock Exchange Award: The Austrian Oscar Of The Financial Community Goes To CA Immo

Date 17/05/2018

• 350 guests joined the Vienna Stock Exchange Award at the Palais Niederösterreich
• CA Immo, AT&S and Flughafen Wien ranked first in the various categories
• Finance Minister Löger wants to make red-white-red bull strength more accessible to companies

CFTC Opens Access To Indian Futures Market For U.S. Customers

Date 17/05/2018

The Commodity Futures Trading Commission (CFTC) today issued an order to the National Stock Exchange of India (NSE) as part of its longstanding program of regulatory deference to foreign regulatory frameworks. Through its Part 30 exemptive program the CFTC provides U.S. customers with increased access to foreign futures markets. The CFTC began the Part 30 exemptive program nearly three decades ago and has expanded relief to 12 jurisdictions in South America, Europe, Asia and Australia. Currently, over 120 foreign brokers across the globe are authorized to deal directly with U.S. futures customers, resulting in more efficient and less costly transactions. 

UBS MTF Trading Notice: Rulebook Changes - Periodic Auction And Other Technical Changes

Date 17/05/2018

Following the publication on May 2, 2018 of the UBS MTF Market Notice N9 announcing changes to the Rules of Engagement for the new Periodic Auction and enhancements to the dark order book, we would like to inform our Members that all these changes will be live shortly and are now available in our Conformance Environment.