IOSCO warns of impact of three new international accounting standards
The group is asking companies to disclose the likely effects of the new standards on their financial statements
- By: James Langton
- December 15, 2016 December 19, 2017
- 10:25
Latest news in From the Regulators
Australia regulator introduces first fintech licensing exemption
Under the exemption, fintech firms will be allowed to experiment their new, innovative services with a limited number of retail investors
- By: James Langton
- December 15, 2016 December 19, 2017
- 10:00
FINTRAC in favour of global efforts to oversee money services businesses
The International Supervisors Forum is aiming to co-ordinate compliance and enforcement activities on businesses that transmit or convert money
- By: James Langton
- December 14, 2016 December 19, 2017
- 17:40
IPC to pay $100,000 as part of settlement with the MFDA
The firm failed to report to the MFDA suspected prohibited trading activities of one advisor and inadequately supervised the investment recommendations of another advisor
- By: Tessie Sanci
- December 14, 2016 December 19, 2017
- 15:30
U.K. regulator proposes changes to its financial services compensation fund
The FCA is considering making certain terms of professional indemnity insurance mandatory and updating limits on consumer coverage
- By: James Langton
- December 14, 2016 December 19, 2017
- 10:35
OSC to consider no-contest settlement with BMO firms
The firms face the prospect of regulatory sanctions for allegedly overcharging some retail clients
- By: James Langton
- December 13, 2016 December 19, 2017
- 10:40
IIROC to hold next continuity planning test in October 2017
The self-regulatory organization will be seeking volunteers to take part in the test, which will coincide with a similar exercise in the U.S.
- By: James Langton
- December 9, 2016 December 19, 2017
- 16:10
OSFI releases revisions to the capital rules
The revised rules include measures designed to curb risks in the housing market
- By: James Langton
- December 9, 2016 December 19, 2017
- 15:10
SEC announces second whistleblower award this week
The whistleblower will receive more than US$900,000, meaning the SEC has awarded a total of 37 whistleblowers more than US$136 thus far
- By: James Langton
- December 9, 2016 December 19, 2017
- 12:35
IIROC hearing panel bans and fines former advisor $275,000
Jeffrey Edward Gebert borrowed more than $500,000 from his wife’s 93-year-old grandfather, also his client, without disclosing the arrangement
- By: James Langton
- December 9, 2016 December 19, 2017
- 11:25
FCA considers more prescriptive rules for crowdfunding
The regulator has found it difficult for investors to compare crowdfunding platforms with each other and with other asset classes
- By: James Langton
- December 9, 2016 December 19, 2017
- 10:25
Basel Committee completes implementation reviews on all members
The final reports issued on Friday reviewed the implementation of the new bank capital standards in Japan, Indonesia and Singapore
- By: James Langton
- December 9, 2016 December 19, 2017
- 10:15
SEC’s head of enforcement to leave the U.S. regulator by yearend
Andrew Ceresney’s departure is the latest among many, following chairwoman Mary Jo White and several other senior executives
- By: James Langton
- December 8, 2016 December 19, 2017
- 16:50
CSA introduces methodology for overseeing market data fees
The methodology estimates a fee, or a fee range, for each marketplace based on its contribution to price discovery and trading activity
- By: James Langton
- December 8, 2016 December 19, 2017
- 14:10
IIROC proposes shift to principles-based approach to trading supervision
Firms had said the existing approach is too prescriptive and outdated and it should be altered to accommodate changes in current market structure
- By: James Langton
- December 8, 2016 December 19, 2017
- 12:40
ASC and RCMP to launch a JSOT for Alberta
Alberta’s new nine-person Joint Serious Offences Team is modelled on the Ontario Securities Commission’s JSOT and focus on serious frauds
- By: James Langton
- December 7, 2016 December 19, 2017
- 14:15
Hong Kong, U.K. regulators sign co-operation agreement
The deal is designed to promote cross-border fintech innovation as well as the sharing of knowledge
- By: James Langton
- December 7, 2016 December 19, 2017
- 10:00
Best interest standard takes centre stage at OSC roundtable session
The regulatory roundtable discussion revealed the deep divisions within the investment industry concerning the prospect of the CSA introducing this standard
- By: James Langton
- December 7, 2016 December 19, 2017
- 07:15
Court rejects appeals in high-profile insider-trading case
Although the Ontario court dismissed the appeals of a securities lawyer and three brokers, it found that the OSC hearing panel’s reasoning was flawed in…
- By: James Langton
- December 6, 2016 December 19, 2017
- 11:45
FCA proposes stricter rules for contract for difference products
The proposals aim to improve standards across the sector and ensure consumers are appropriately protected
- By: James Langton
- December 6, 2016 December 19, 2017
- 10:30
Seniors at risk of investment scams, FCA research finds
Financial regulators in the U.K. report that almost a third of seniors aged 75 and over believe they’ve been the targets of investment scams
- By: James Langton
- December 5, 2016 December 19, 2017
- 14:10
SEC rewards securities industry whistleblower a US$3.5-million award
The U.S. regulator has now distributed approximately US$135 million to 36 whistleblowers since issuing its first award in 2012
- By: James Langton
- December 5, 2016 December 19, 2017
- 12:30
U.S. CFTC proposes new capital requirements for swap dealers
The proposed rules generally permit approaches based upon existing U.S. bank regulators’ capital requirements.
- By: James Langton
- December 2, 2016 December 19, 2017
- 13:00
U.S. regulators to consider fintech firms’ special banking applications
Fintech firms that are granted these charters from the OCC would have to adhere to standards of safety and soundness as well as fair access
- By: James Langton
- December 2, 2016 December 19, 2017
- 12:10