Futures | Commodities | Forex
Approved persons regime places greater emphasis on role of senior management
Posted by Felix Shipkevich on Jul 27, 2009 Posted by Felix Shipkevich on Jul 27, 2009 in U.K. FSA | 0 comments
Approved persons now likely to include non-executive directors, proprietary traders, persons employed by unregulated parent companies, and others who may exert “significant influence” on the functions of regulated firms, following confirmation of changes outlined in a 12/25/2008 FSA consultation paper....FINRA and IIROC announce cooperation agreement
Posted by Felix Shipkevich on Jul 27, 2009 Posted by Felix Shipkevich on Jul 27, 2009 in Canada IIROC, FINRA | 0 comments
Under the new cooperation agreement, FINRA and IIROC will share information on compliance and enforcement related matters, and work together on issues related to firm oversight and examinations.SFC’s power to freeze assets under SFO section 213 confirmed
Posted by Felix Shipkevich on Jul 16, 2009 Posted by Felix Shipkevich on Jul 16, 2009 in Hong Kong SFC | 0 comments
The Court of Appeal confirmed that the SFC has authority under Securities and Futures Ordinance section 213 to apply to the court for orders to freeze assets in cases of suspected insider dealing. The court may also grant permission to serve legal proceedings on persons outside Hong...FSA plans to set leverage limits on retail Forex
Posted by Felix Shipkevich on Jul 6, 2009 Posted by Felix Shipkevich on Jul 6, 2009 in Forex, Japan FSA, U.K. FSA | 0 comments
Japan’s Financial Services Agency is planning to set limits on how much foreign-exchange investors can buy on margin. The FSA unveiled a plan to curb speculative trading in two stages, in order to spread out and neutralize any market impact. The plan calls for the leverage cap to be set at 50 times the...
