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Energy Revolution Ventures Closes Fund I Targeting Electrification - Fund Targets Early-Stage Deep Tech To Rewire Our Economy
Date 20/12/2024
Energy Revolution Ventures, an energy tech venture capital firm targeting the multi-trillion dollar opportunity in electrification, has closed an $18 million USD seed and series A fund focused on breakthrough deeptech. The fund invests in highly scalable technologies with outsized financial prospects, solving the hardest problems in energy across energy storage, carbon capture, utilisation and storage, and the renewable fuels and hydrogen value chain. The goal is to back category-defining innovators which will completely transform the way we produce, distribute and consume power.
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ACER Proposes Electricity Grid Connection Network Code Amendments To The European Commission
Date 20/12/2024
Today, ACER has submitted to the European Commission its Recommendation to amend the HVDC Network Code, which sets binding rules for connecting high-voltage direct current (HVDC) systems and direct current (DC) connected ‘power park modules’ to the grid.
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Wells Fargo And LPL Financial Charged For Submitting Deficient Trading Data To SEC - Wells Fargo’s Penalty Amount Reflects That It Self-Reported Its Misconduct
Date 20/12/2024
The Securities and Exchange Commission today announced settled charges against Wells Fargo Clearing Services LLC and LPL Financial LLC for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC. Wells Fargo and LPL each agreed to pay a $900,000 civil penalty to resolve the SEC's charges.
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The EBA Responds To A Law Firm On The Treatment Of Some Legacy Instruments Of Banque Fédérative du Crédit Mutuel
Date 20/12/2024
The European Banking Authority (EBA) published today a response to the letter received from a law firm on 18 June 2024, regarding the intention of Banque Fédérative du Crédit Mutuel (BFCM), based in France, to keep some legacy instruments in its balance sheet without any regulatory value.
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Bank Of England, UK Financial Conduct Authority, UK Prudential Regulation Authority And UK Payment Systems Regulator Conduct 2024 Review Of Memorandum Of Understanding For Payment Systems In The UK
Date 20/12/2024
The Bank of England (Bank), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), and the Payment Systems Regulator (PSR) (the Authorities) have a Memorandum of Understanding (MoU) which sets out the high-level framework that we use to cooperate with one another in relation to payment systems in the UK. The Financial Services (Banking Reform) Act 2013 requires the Authorities to review the MoU annually.
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SEC Charges Utility Company Entergy Corp. With Internal Accounting Controls Violations - Company Agrees To Pay $12 Million In Penalties And Adopted Independent Consultant’s Recommended Improvements
Date 20/12/2024
The Securities and Exchange Commission today announced that Entergy Corporation, a Louisiana-based utility company, agreed to pay a $12 million civil penalty to settle charges that it failed to maintain internal accounting controls to ensure that its surplus materials and supplies were accurately recorded in its books and financial statements in accordance with generally accepted accounting principles (GAAP).
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UK Financial Conduct Authority Executes Search Warrants In Investigations Involving Unauthorised Business
Date 20/12/2024
Two FCA investigations involving unauthorised debt and claims management activities have resulted in arrests.
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CFTC Commissioner Johnson Announces Executive Staff Appointments
Date 20/12/2024
CFTC Commissioner Kristin N. Johnson announced today that Danielle Abada, Christopher Lamb and Nita Somasundaram have joined her staff.
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Malawi Stock Exchange Weekly Summary, 20 December 2024
Date 20/12/2024
Click here to download Malawi Stock Exchange's weekly summary.
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REMIT Breaches: Spanish Energy Regulator Fines Gesternova S.A. €6 Million And Axpo Iberia €1.5 Million For Electricity Market Manipulation
Date 20/12/2024
The Comisión Nacional de los Mercados y la Competencia (CNMC) has imposed a €6 million fine on GESTERNOVA S.A. and a €1.5 million fine on AXPO IBERIA for manipulating the Spanish electricity market between 30 September and 30 December 2022.