On 23 October, FCA issued £35mn fine to Merrill Lynch for EMIR failings. Fined Merrill Lynch International £34,524,000 for breach of Principle 3, Art 9 EMIR. MLI agreed to settle at an early stage and qualified for the 30% Stage 1 discount. Without the discount, FCA would have imposed a financial penalty of £49,320,000. MLI […]
From 16 October to 18 October, the National Society of Compliance Professionals’ Annual Meeting will take place in Washington, D.C. Solutions Atlantic has been an exhibitor at this yearly event for several years. The NSCP Annual Meeting, continues to be the conference of necessity for most compliance professionals in the financial services industry. Regardless of […]
Solutions Atlantic has expanded the ready submission document set of the Regulatory Reporting System. The market leading solution for SEC Filings and global shareholding disclosure reporting now includes Issuer Request Letters for 10 countries. This broadens the capabilities of RRS to enable customers to readily address the notification requirements of issuers where they have a […]
The Regulatory Reporting System expands its required forms coverage to 55 ready to submit forms across 40 countries. RRS is the only solution that enables customization of form language in the hands of its users. RRS also generates generic forms for countries where no required form is stated.
Update includes changes to the Substantial Shareholding threshold and time to report. Changes to Sensitive Sectors which include new restrictions on foreign ownership in airlines.
On 22 June 2017, SEC fined ex- ITG managing director $100k re ADR oversight. Anthony Portelli, ex-head of operations, agreed to settle charges, pay $100k fine. He is also prohibited from acting in a supervisory capacity for at least 18 months. Supervised securities lending, and compliance with ADR pre-release agreements. Staff failed to take steps […]