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  • OSC Participates In North American Cryptocurrency Sweep

    Date 22/05/2018

    The Ontario Securities Commission (OSC), in conjunction with securities regulators from the North American Securities Administrators Association (NASAA), recently participated in an initiative to raise awareness about fraudulent and unregistered cryptocurrency-related investment schemes.

  • ESMA: Opinion On Position Limits On ICE Low Sulphur Gasoil 1st Line Contracts

    Date 22/05/2018

    I. Introduction and legal basis

    1. On 9 February 2018, the European Securities and Markets Authority (ESMA) received a notification from the Financial Conduct Authority (FCA) under Article 57(5) of Directive 2014/65/EU on markets in financial instruments1 (“MiFID II”) regarding the exact position limits FCA intends to set for ICE Low Sulphur Gasoil 1st Line Future and Option commodity contract in accordance with the methodology for calculation established in Commission Delegated Regulation (EU) 2017/591 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the application of position limits in commodity derivatives2 (“RTS 21”) and taking into account the factors referred to in Article 57(3) of MiFID II. 2
    2. ESMA’s competence to deliver an opinion is based on Article 57(5) of MiFID II. In accordance with Article 44(1) of Regulation (EU) 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority)3 (“ESMA Regulation"), the Board of Supervisors has adopted this opinion.

  • Sweden's Finansinspektionen: Major Upcoming Changes To Banks’ Credit Risk Modelling

    Date 22/05/2018

    The regulatory and supervisory frameworks for banks’ internal rating based (IRB) approaches will be significantly adjusted over the coming years. The overall objective is to increase the robustness of capital requirements and ensure consistency across banks. Well-functioning IRB models are key to the capital assessment of the larger Swedish banks and hence a supervisory priority for FI.

  • Statement On NASAA’s Announcement of Enforcement Sweep Targeting Fraudulent ICOs And Crypto-Asset Investment Products, SEC Chairman Jay Clayton, May 22, 2018

    Date 22/05/2018

    I applaud our fellow regulators in the United States and Canada who are coordinating and participating in efforts to police fraud in the Initial Coin Offering (ICO) markets.  These state and provincial regulators play a critical role in protecting Main Street investors.

  • Borsa İstanbul Announces The Constituent Changes To The BIST SME Industrial Index For June 1, 2018 - May 31, 2019 Period

    Date 22/05/2018

    All changes will be applied after the close of business on Thursday, May 31, 2018 and will be effective on Friday, June 1, 2018.