On 24 June 2021, RUS CB issued information letter on investment platforms. RUS CB issued letter IN-015-34/42 which addresses investment platforms and carrying out disclose requirements as required by law 259-F3, the Investment Platforms Law. Clarifications When disclosing information required in clauses 1-4, 6, 7, of Article 15, RUS CB recommends that disclosures occur within […]
On 28 June 2021, aosphere LLP’s Rulefinder solution reported a temporary short selling ban effective 29 June.
On 25 June 2021, EBA issued report ITS on IFD disclosure by supervisors. EBA issued final draft standards of supervisory disclosure re investment firms directive. Part of phase 2 mandates of EBA roadmap on investment firms disclosure by EU NCAs. Will ensure disclosed information is comprehensive and comparable across all States. Background Follows EBA June […]
On 4 June 2021, NYSE Arca Clearpool Execution LLC violations consent. Clearpool Execution Services LLC to pay $300k fine ($105k to NYSE Arca), for violating Rule 203(b) Reg SHO, 17 CFR 242.203 doing short sales without borrowing securities. Also without having reasonable belief that could borrow needed securities for delivery. Acceptance and Consent Without admit […]
On 10 June 2021, BaFin imposed an administrative fine amounting to 160,000 euros on Dorval Asset Management. Sanction related to a breach of section 130 (1) of the German Act on Breaches of Administrative Regulations (Ordnungswidrigkeitengesetz – OWiG) in conjunction with section 33 (1) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Dorval Asset […]
On 7 June 2021, GRE HCMC announced compliance with ESMA guidelines. GRE HCMC announced it incorporated ESMA guidelines on certain aspects of MiFID II requirements regarding regulatory compliance function in its supervisory practice. The guidelines are available on its website in section Institutional Framework/Union Law/Recommendations-ESMA guidelines. Follows ESMA issued ESMA35-36-1952 translated into official languages.