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  • ESMA Publishes Updates To EMIR Q&As (July 2020)

    Date 08/07/2020

    The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today updated its Questions and Answers document on practical questions regarding data reporting issues, under the European Markets Infrastructure Regulation (EMIR).

  • The Role Of Investment Managers In The Post Covid-19 Recovery - Speech By Christopher Woolard, Interim Chief Executive At The FCA, Delivered At A Webinar Hosted By The Investment Association

    Date 08/07/2020

    Highlights:

    • The FCA has been trying to build a bridge across the economic aspects of the Covid-19 crisis to ensure that as many consumers and firms can come through the other side in the best shape possible.
    • We will look to consult later this summer on finding a way in which funds could safely transition to a structure in which liquidity promises to investors are better aligned with the liquidity of fund assets.
    • We now have an opportunity to look again at our rulebook, focusing less on tick box compliance and more on promoting outcomes that serve the public interest.

  • Enhanced What-If Scenario Forecast Tool For Companies, Launched By Company Watch

    Date 08/07/2020

    Company Watch, a commercial credit reference agency at the forefront of predictive and financial risk management technology, has launched its unique Covid-19 Scenario Forecast H-Score®  tool. It’s used by organisations around the world to accurately predict their exposure to financial risk; H-Score® predicted 92% of quoted company insolvencies around the world over the last four years. The new functionality is designed specifically to allow credit and procurement risk analysts, as well as funds, investment houses, and other financial institutions to test their ‘what-if’ assumptions and how changes to various factors, such as change in sales or bad debts, might affect a company’s financial performance. It can be used for any UK company which has filed full accounts with Companies House.


  • A Virtual IPO: Parsian Leasing Co. Joins Tehran Stock Exchange

    Date 08/07/2020

    400 million shares, representing 20% of total equity shares of Parsian Leasing Co. was offered publically on Tehran Stock Exchange through a virtual ceremony.

  • CFTC Charges Florida Man For Attempting To Fraudulently Profit From COVID-19 - First CFTC Enforcement Action Targeting Misconduct Directly Tied To COVID-19

    Date 08/07/2020

    The Commodity Futures Trading Commission today announced it has filed a complaint in the U.S. District Court for the Western District of Texas against James Frederick Walsh of Boca Raton, Florida, charging him with fraudulent solicitation and failure to register with the CFTC. Walsh’s fraudulent solicitations include falsely claiming to generate increased profits as a result of the COVID-19 pandemic. This is the first enforcement action brought by the CFTC alleging misconduct tied directly to the pandemic. The CFTC has also brought additional cases against entities and individuals whose frauds were ongoing during the pandemic. [See CFTC Press Release Nos. 8180-208179-208164-20].