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News

Former CEO and director of Sirtex Medical Limited sentenced for insider trading

Mr Gilman Edwin Wong, the former Chief Executive Officer and Director of Sirtex Medical Limited, has been sentenced in the District Court of New South Wales having pleaded guilty to an offence of insider trading (19-168MR). Appearing before His Honour Judge Bennett SC, Mr Wong, of Sydney, was sentenced to one year and six months' [...]

June 4th, 2020|Comments Off on Former CEO and director of Sirtex Medical Limited sentenced for insider trading

ESMA fines scope ratings €640,000 for failings in covered bonds ratings

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulators, has fined Scope Ratings GmbH (Scope) €640,000, and issued a public notice, for breaches of the Credit Rating Agencies Regulation (CRAR) in relation to the systematic application of its 2015 Covered Bonds Methodology (CBM) and its revision. In both instances Scope committed the infringements [...]

June 4th, 2020|Comments Off on ESMA fines scope ratings €640,000 for failings in covered bonds ratings

ASIC further suspends the AFS licence of BBY Ltd

Australian Securities & Investments Commission (ASIC) has extended the suspension of the Australian financial services (AFS) licence held by BBY Limited (BBY) until 30 June 2021, effective 27 May 2020. The terms of the suspension allow the BBY AFS licence to continue in effect for the following purposes only: to ensure that clients of BBY [...]

June 4th, 2020|Comments Off on ASIC further suspends the AFS licence of BBY Ltd

Covid-19 Financial Resilience Survey

The Financial Conduct Authority (FCA) are asking around 13,000 firms to complete a short survey to help us obtain a more accurate view of firms’ financial resilience as a result of coronavirus (Covid-19). The FCA know firms will be concerned about phishing emails and scams at this time. The survey will be sent to firms [...]

June 3rd, 2020|Comments Off on Covid-19 Financial Resilience Survey

Using Technology for Good

The Advertising Standards Authority (ASA) and Committee of Advertising Practice (CAP) Annual Report 2019, published today, reveals how the use of technology has helped them to be more effective in how they regulate UK advertising and protect consumers and businesses. As part of a five year strategy to have more impact online, the report details how [...]

June 3rd, 2020|Comments Off on Using Technology for Good

Cloud outsourcing guidelines

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published a consultation paper on guidelines on outsourcing to cloud service providers. The guidelines’ purpose is to provide guidance on the outsourcing requirements applicable to financial market participants when they outsource to cloud service providers. In particular, they aim to help firms and competent [...]

June 3rd, 2020|Comments Off on Cloud outsourcing guidelines