News Centre

ESMA Updates MiFID II Q&A On Investor Protection

Date 16/12/2016

The European Securities and Markets Authority (ESMA) has added new Q&As to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR).

XBRL US Forms Blockchain Working Group

Date 16/12/2016

XBRL US and ConsenSys, a blockchain technology company, have issued a call for participation to accountants, technologists and financial professionals to contribute to a new Working Group for developing standards for the tokenisation of assets on the blockchain. A token is a digital representation of an asset used to assign ownership and rights that are transacted through smart contracts (digital contractual agreements) on a blockchain.

FSB Consults On Proposed Guidance To Support Resolution Planning And Promote Resolvability

Date 16/12/2016

The Financial Stability Board (FSB) has today issued for consultation two proposals for guidance on the implementation of its resolution standards which form part of the overall policy framework to end “too-big-to-fail”.

Mandatory Notification Of Trades - Oslo Børs VPS Holding ASA

Date 16/12/2016

In connection with a monthly share savings plan for employees of subsidiaries, Oslo Børs VPS Holding has sold a total of 2132 shares. New holding is 11264 shares. Employees paid a share price of NOK 84,28 per share, but were allowed a discount of 20% on purchases up to NOK 625.

Avelacom Expands Its Pan-European 100G Fiber Network To Support Demand For Low Latency Data Flow

Date 16/12/2016

Avelacom has completed a new segment of DWDM network, designed to be the lowest latency route between London – Moscow. The project includes deploying 900 km of terrestrial fibre and three new points of presence (PoPs) across Europe: in Amsterdam, Bremen and Helsinki. The backbone is connected to Cinia’s C-Lion cable in the Baltic sea and Avelacom’s fiber network in Russia. The latest update helps to achieve sub-35 millisecond latency (round-trip delay) London to Moscow.

Response To Which? Super-Complaint: UK’s Payment Systems Regulator Kick-Starts Industry-Wide Effort To Tackle Payment Scams - PSR Kick-Starts Industry-Wide Effort To Tackle Payment Scams

Date 16/12/2016

The Payment Systems Regulator (PSR), the economic regulator for the £75 trillion UK payment systems industry, has announced the start of a concerted and coordinated industry-wide effort to tackle payment scams.

Remarks By President Donald Tusk After The European Council Meeting On 15 December 2016

Date 16/12/2016

Moving on to Brexit, the EU27 had a short informal meeting where we finalized procedural arrangements and reconfirmed our principles, meaning the indivisibility of the four freedoms, the balance of rights and obligations and the rule "no negotiations without notification". We adopted the organisational structure with the European Council maintaining political control over the process, and the Commission as the Union's negotiator. And Michel Barnier as the Commission's Chief Negotiator.

Hong Kong’s Securities And Futures Commission Bans Poon Kin Lung For Two Years

Date 16/12/2016

The Securities and Futures Commission (SFC) has prohibited Mr Poon Kin Lung, a former account executive of Phillip Securities (Hong Kong) Limited (Phillip), from re-entering the industry for two years from 15 December 2016 to 14 December 2018 over breaches of the SFC’s Code of Conduct.

FIA Japan Newsletter December 2016 Edition Released

Date 16/12/2016

Futures Industry Association of Japan has released FIAJ Newsletter December 2016 edition. Click the following URL to access the newsletter.

https://www.fiajapan.org/site_newsletters/en/201612/FIAJ_Newsletter_EN_2016_12.pdf 

Hong Kong’s Securities And Futures Commission Revokes Licences Of Goodcape Securities Limited And Its Responsible Officers Tang Lin Sun And Chang Siu Ming

Date 16/12/2016

The Securities and Futures Commission (SFC) has revoked the licences of Goodcape Securities Limited (Goodcape) and its two responsible officers, Mr Tang Lin Sun and Mr Chang Siu Ming.