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Legal & Regulation

Gavel

Fund managers could face regulatory sanctions over EMIR

Wed, 11/02/2015 - 13:28

Tim Thornton, Chief Data Officer, Mitsubishi UFJ Fund Services, says fund managers could face regulatory sanctions over EMIR… »

Information sign

FFIs must be FATCA compliant as deadline approaches

Mon, 29/12/2014 - 14:00

Tim Thornton, Chief Data Officer at Mitsubishi UFJ Fund Services, comments on the December 31 FATCA deadline… »

Fraud

F-Squared to pay USD35m to settle SEC charges over false performance claims

Tue, 23/12/2014 - 14:00

F-Squared Investments has agreed to pay USD35 million and admit wrongdoing to settle SEC charges that it defrauded investors through false performance advertising about its flagship product. »

James Williams, Hedgeweek

Data management and reporting solutions are key to achieving operational efficiency

Tue, 23/09/2014 - 15:32

It’s a fair assumption to say that the proliferation of hedge fund regulation has spurred technology providers to produce newer, innovative solutions.  »

Regulation

AIFMD will bring ‘greater stability’

Mon, 21/07/2014 - 14:54

Arnaud Claudon, head of depositary banking, BNP Paribas Securities Services, says AIFMD will bring ‘greater stability’ to European alternatives market… »

Africa

Market Vectors Egypt and Africa ETFs to begin accruing for potential tax liability

Fri, 18/07/2014 - 14:00

In response to a 10 per cent tax liability imposed by Egypt on dividends and capital gains from investments in Egyptian issuers, Market Vectors Egypt Index ETF (EGPT) and Market Vectors Africa Index ETF (AFK) will begin accruing for such tax. »

Union Jack Pound

British firms fined over GBP500m by FCA in 2013, says Kinetic Partners

Wed, 18/06/2014 - 14:06

The Financial Conduct Authority (FCA) penalised British firms a total of GBP506.94m (USD770m) in 2013, according to research from Kinetic Partners. »

Regulation

Rise of big data to put UK financial services firms in regulatory firing line

Thu, 12/06/2014 - 06:00

The exponential growth of Big Data will trigger a sharp rise in UK financial services firms being investigated, and potentially fined, by regulators, according to Data-as-a-Service provider Anomaly42. »

James Roberts, BDO

Corporate reporting guidance from FRC is timely and important

Tue, 10/06/2014 - 12:17

James Roberts (pictured), Audit partner at BDO, welcomes The Financial Reporting Council’s (FRC) announcement of a programme of work to promote clear and concise reporting from which investors can draw conclusions about a company’s performance, position and prospects… »

Jersey

Jersey to host four day conference and seminar in partnership with the US SEC

Fri, 06/06/2014 - 15:00

Jersey is to host a high level conference organised jointly by the US Securities and Exchange Commission (SEC) and the Jersey Financial Services Commission. »

Robert Shapiro

ATFA’s Robert J Shapiro and Nancy Soderberg support Argentina's settlement with Paris Club

Fri, 30/05/2014 - 14:49

Following Argentina's agreement to resolve its USD9.7 billion in debts to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and encouraged the Argentine government to go further. »

Up arrow

Regulators’ expenditure increases by nearly 60 per cent in recent years

Wed, 28/05/2014 - 12:00

US, UK and Hong Kong financial services regulators have increased their expenditure over the last seven years by 59.4 per cent, an average of 8.075 per cent each year, since the end of fiscal year 2006/07, according to Kinetic Partners. »

Gavel

Supreme Court LLP 'whistle-blowing' ruling is good news

Thu, 22/05/2014 - 09:34

Michelle Chance, Partner, Employment and Partnership law, at Kingsley Napley LLP comments on the Supreme Court judgment determining that LLP members should be defined as workers in respect of the Public Interest Disclosure Act 1998… »

Barred

FCA bans former UBS ETF trader

Fri, 02/05/2014 - 06:00

The Financial Conduct Authority (FCA) has banned ETF trader John Christopher Hughes over failings related to USD2.3 billion of unauthorised trading losses incurred by another trader Kweku Mawuli Adoboli.   »

Monique Meils, Kinetic Partners

Balance is key to whistleblowing programs

Thu, 03/04/2014 - 09:49

Monique Melis (pictured), Global Head of Consulting at Kinetic Partners, the global professional services firm comments on whistle blowers… »

Tax

Luxembourg and the US sign Model 1 IGA

Mon, 31/03/2014 - 12:01

The US and Luxembourg governments have signed an agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA). »

Hector McNeil, co-CEO of Boost ETP

Boost welcomes possible UK Treasury review of spread betting tax loophole

Fri, 21/02/2014 - 16:00

Boost ETP has welcomed UK Treasury spokesman Lord Newby’s recent comment that ministers ought to look at the apparent “loophole” that allows spread betters to avoid income and capital gains tax. »

Traders

Nasdaq OMX files rule change to permit trading of exchange-traded managed funds

Mon, 17/02/2014 - 11:47

The Nasdaq OMX Group has filed a proposed rule change with the US Securities and Exchange Commission (SEC) to permit the listing and trading of exchange-traded managed funds (ETMFs). »

Approved stamp

Boost secures UK fund reporting status for ETP range

Fri, 17/01/2014 - 09:40

HM Revenue & Customs has approved all current Boost ETPs as UK Reporting Funds under the provisions of The Offshore Funds (Tax) Regulations 2009. »

Gavel and scales

FINRA fines Stifel Nicolaus and Century Securities over unsuitable ETF sales

Fri, 10/01/2014 - 10:05

The Financial Industry Regulatory Authority (FINRA) has ordered broker-dealers Stifel, Nicolaus & Company and Century Securities Associates to pay over USD1m over the sale of unsuitable exchange-traded funds to certain clients. »

Scales

Regulators struggling to balance protection with growth

Thu, 12/12/2013 - 06:00

Nearly half of financial services professionals (49 per cent) globally do not believe that any regulator has managed to strike the right balance between protecting investors and underpinning growth, according to a survey by Kinetic Partners. »

Gavel and scales

JP Turner to pay more than USD700,000 for unsuitable sales of leveraged and inverse ETFs

Mon, 09/12/2013 - 06:03

The Financial Industry Regulatory Authority (FINRA) has ordered Atlanta-based broker-dealer JP Turner & Company to pay USD707,559 in restitution to 84 customers for sales of unsuitable leveraged and inverse exchange-traded funds and for excessive mutual fund switches. »

Regulation

Regulatory burden easing for ETFs

Wed, 27/11/2013 - 10:05

Exchange-traded fund (ETF) promoters are more supportive of regulation than last year, according to EY's recent survey, Global ETF survey: A new era of growth and innovation. »

Report

Report identifies need for voluntary standards within financial services

Tue, 26/11/2013 - 16:02

The financial services industry is failing to adopt voluntary standards crucial to rebuilding trust in banking, despite overwhelming support from those working in the sector, according to a report. »

Regulation

ESMA begins preparatory work for new market abuse regime

Thu, 14/11/2013 - 14:40

The European Securities and Markets Authority (ESMA) has published a Discussion Paper setting out its initial views on the implementing measures it will have to develop for the new Market Abuse Regulation (MAR). »

Steven Ferigno, Allegro Development Corporation

EMIR compliance – is 90 days enough?

Wed, 13/11/2013 - 17:44

Steven Ferrigno (pictured), Managing Director EMEA for Allegro Development Corporation, comments on Monday’s announcement from the European Securities and Markets Authority (ESMA) regarding the reporting deadline for EMIR, the European Market Infrastructure Regulation regime… »

Webinar

Source highlights importance of continuing professional development post RDR

Tue, 05/11/2013 - 06:01

Source is holding its next series of webinar courses to help investors continue and complete their required hours for Continuing Professional Development (CPD). »

Jon Moulton, chairman of the CISX

CISX set to restructure

Wed, 30/10/2013 - 13:38

The Channel Islands Stock Exchange (CISX) is planning to restructure. »

Kevin Stewart, Guernsey’s Commerce and Employment Minister

CISX publishes guidance for current and potential issuers

Thu, 17/10/2013 - 17:30

On Monday 14 October, the Channel Islands Stock Exchange (CISX) announced to members that certain of its historic activities have been under investigation by the Guernsey Financial Services Commission (GFSC). »

John Moulton, CISX

CISX confirms regulatory investigation and closes to new business

Tue, 15/10/2013 - 12:48

The Channel Islands Stock Exchange (CISX) has for the last 20 months been subject to a Guernsey Financial Services Commission (GFSC) investigation into certain historic activities, according to CISX Chairman Jon Moulton. »

features
Special report
Commodities 2015: The outlook for investors

Investing in commodities can yield handsome returns, but investors need to focus sharply on timing and diversify their portfolios away from traditional safe havens and into sectors such as agriculturals and products such as ETFs. As one expert reveals in this special report, "Gold is not the only yellow commodity one should have in their portfolio"... »

Special report
etffexpress Awards 2015 - The Winners

etffexpress Awards 2015 - The Winners

Tue, 24/03/2015 - 15:58

The etfexpress Awards 2015 for excellence among managers and service providers of exchange traded funds/products celebrate the achievements of firms that contributed to another year of significant growth in assets for the sector, with assets under management in ETFs/ETPs nearing the USD500bn mark.... »

Special report
State Street Global Markets – Fund Connect

This Special Report unveils the ways in which State Street Global Markets' Fund Connect ETF platform is bringing new levels of efficiency to the the ETF marketplace, and includes expert comment from the perspective of an AP.... »

Comment
oil

Reasons to be bearish on oil

Mon, 16/02/2015 - 19:26

Despite the sharp falls in the oil price, the unwinding of speculative bullish positions that has reinforced downward pressure since the summer of 2014 is probably not yet over, says Viktor Nossek, Director of Research, WisdomTree Europe…  ... »

Article

Six trends shaping the next generation

Tue, 10/02/2015 - 09:01

Just 20 years ago, exchange-traded funds (ETFs) were novelties. Now, after two decades of explosive growth, they are firmly entrenched in the asset management landscape. Total US-listed ETF assets reached a record-setting USD2.0 trillion at the end of 2014, up from USD1.7 trillion a year earlier, and inflows totaled USD244 billion for the year. European ETFs also saw record flows in 2014; they attracted USD61.4 billion in new assets, more than three times the 2013 total. ... »

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