Search Results for: OCED
EU launches infringement procedures against three countries for refusing to take refugees
June 15th, 2017
The European Commission has today launched infringement procedures against the Czech Republic, Hungary and Poland for non-compliance with their obligations under the 2015 Council Decisions on relocation. Despite the Commission’s repeated calls for action, these three countries remain in ...
CySec has issued an announcement regarding Activation Procedures for Autorized Firms
July 9th, 2015
CySec has issued today an announcement regarding Activation Procedures for Autorized Firms specifying that: In order to improve the process of activation of persons who have obtained licence by the Cyprus Securities and Exchange Commission (“CySEC”) and in order to ...
Bank of England inquiry procedures questioned by top lawyer
May 26th, 2015
A leading barrister, Charles Bear QC, has raised more questions about the Bank of England‘s record on internal investigations – undermining the bank’s credibility on the Forex and other international scandals. Mr Bear says that a more rigrourous report ...
Intermediaries reminded full compliance with Know Your Client and account opening procedures
May 13th, 2015
The Securities and Futures Commission (SFC) today issued a Circular reminding intermediaries on the importance of appropriate account opening procedures for investors in and outside Hong Kong in order to fully comply with the Know Your Client (KYC) and ...
UBS Group AG has filed the request for a SESTA procedure to obtain 100% ownership in UBS AG
March 10th, 2015
Following the successful completion of the share exchange offer to acquire all issued shares of UBS AG in December 2014 , UBS Group AG has filed a request with the Commercial Court of the Canton of Zurich for a ...
The EBA advises on resolution procedures for EU banks
March 9th, 2015
The EBA issued today advice to the European Commission on the resolution framework for EU banks, covering the definition of critical functions and core business lines, as well as rules for the exclusion of liabilities from the application of ...
ASIC surveillance prompts FX provider to enhance compliance procedures
December 8th, 2014
Following an ASIC surveillance, Calibre Investments Pty Ltd will implement changes to the way it offers FX services to retail clients. The move is part of ASIC’s crackdown on the FX industry which has resulted in a number of ...
Cayman Simplifies Customs Procedures
August 13th, 2014
The Cayman Islands is trying to speed up and simplify things for cross-border traders and thus has launched a number of initiatives to achieve it. It has announced a two percent reduction in several duties and as from September ...
Cyprus Investment Firm fined for non compliance with an Article of the Market Abuse Regulation
August 16th, 2021
The Cyprus Securities and Exchange Commission (the ‘CySEC’) has issued an announcement to inform that has decided to impose an administrative fine to a Cyprus Investment Firm (CIF). In accordance with the CySEC’s announcement: The Board of the Cyprus ...
Data protection: Commission adopts adequacy decisions for the UK
July 13th, 2021
The Commission has today adopted two adequacy decisions for the United Kingdom – one under the General Data Protection Regulation (GDPR) and the other for the Law Enforcement Directive. Personal data can now flow freely from the European ...
