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CFTC proposes exemptive order for ICE Clear Credit, ICE Clear US, and ICE Clear Europe to invest in French and German sovereign debt

Wed, 13/12/2017 - 08:51

The Commodity Futures Trading Commission (CFTC) has approved for publication a proposed exemptive order that would permit derivatives clearing organisations ICE Clear Credit LLC, ICE Clear US, Inc., and ICE Clear Europe Limited (ICE DCOs) to invest, subject to certain conditions, futures and swap customer funds in French and German sovereign debt.  »

James Williams, Global Fund Media

The Bahamas prepares risk-based approach to regulatory oversight

Tue, 12/12/2017 - 10:55

Last July, the Securities Commission of The Bahamas (the Commission) embarked on a process to overhaul the Investment Funds Act. The Investment Funds Act 2003 was largely structured to be in line with the operations of fiduciary administrators and did not necessarily account for the appropriate regulation of the various roles within a fund structure.  »

Enrico Bruni, Tradeweb

Tradeweb secures OTF authorisation

Tue, 12/12/2017 - 09:48

Tradeweb has secured authorisation from the UK’s Financial Conduct Authority (FCA) to operate an Organised Trading Facility (OTF), effective from 3 January 2018. »

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CFTC clarifies CTA registration requirements under MiFID II

Tue, 12/12/2017 - 08:53

The CFTC has issued interpretative guidance providing that a futures commission merchant (FCM), swap dealer (SD), or introducing broker (IB) that receives separate compensation for commodity trading advice is not required to register as a commodity trading adviser. »

J Christopher Giancarlo, CFTC

CFTC approves exemption from SEF registration requirement for EU-authorised MTFs and OTFs

Mon, 11/12/2017 - 09:08

The Commodity Futures Trading Commission (CFTC) has exempted certain multilateral trading facilities (MTFs) and organised trading facilities (OTFs) authorised within the European Union (EU) from the requirement to register with the CFTC as swap execution facilities (SEFs). »

Jay Clayton, SEC

SEC delays introduction of N-PORT filing as it looks to boost EDGAR security

Mon, 11/12/2017 - 08:46

The Securities and Exchange Commission (SEC) is delaying the implementation of rules requiring large mutual funds to submit monthly details of their portfolio holdings to the Commission while it improves the security of its EDGAR filing system which was hacked in 2016. »

Jean Stephens, RSM

92 per cent of European businesses are unprepared for GDPR

Fri, 08/12/2017 - 08:58

Businesses across Europe are unprepared for the EU’s General Data Protection Regulation (GDPR), which comes into law in May 2018, according to new research conducted for audit tax and consulting firm RSM by the European Business Awards. »

Richard Baker, MFA

MFA welcomes EC equivalence decision for US derivatives trading venues

Wed, 06/12/2017 - 10:37

The European Commission’s decision to adopt an implementing decision on equivalence of the legal and supervisory framework for US-designated contract markets and swap execution facilities (SEFs) is a welcome step forward according to the MFA. »

Pascal Kutyten, TORA

TORA launches AI-driven pre-trade analytics tool for MiFID II best execution requirements

Wed, 06/12/2017 - 09:02

TORA, a provider of a cloud-based order and execution management system (OEMS), has launched an artificial intelligence (AI)-driven pre-trade transaction cost analysis (TCA) solution designed to help firms meet the stricter best execution requirements imposed by MiFID II. »

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SEC emergency action halts ICO scam

Tue, 05/12/2017 - 10:21

The Securities and Exchange Commission has obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to USD15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month. »


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