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News

Merger between betting firms cleared by the CMA

Following an investigation, the Competition and Markets Authority (CMA) has cleared the merger between gambling companies Flutter and Stars. The companies are 2 of the main online betting brands in the UK, with a combined revenue of £1.5 billion. Flutter owns Paddy Power and Betfair, and Stars owns Sky Bet. The CMA investigation focused in [...]

March 31st, 2020|Comments Off on Merger between betting firms cleared by the CMA

ESMA withdraws registration of DTCC Data Repository (IRELAND) plc

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today withdrawn the trade repository (TR) registration of DTCC Data Repository (Ireland) PLC (DDRIE). DDRIE has been registered as a TR since 1 March 2019. Its registration was part of the Brexit contingency plan of DTCC Group to ensure continuity of services [...]

March 31st, 2020|Comments Off on ESMA withdraws registration of DTCC Data Repository (IRELAND) plc

Facilitating capital raisings during COVID-19 period

Australian Securities & Investments Commission (ASIC) is committed to refocusing its regulatory efforts on challenges created by the COVID-19 pandemic. In line with this approach, ASIC is helping listed companies raise capital quickly by giving temporary relief to enable certain ‘low doc’ offers (including rights offers, placements and share purchase plans) to be made to [...]

March 31st, 2020|Comments Off on Facilitating capital raisings during COVID-19 period

ESMA consults on standardised information to facilitate cross-border funds distribution

The European Securities and Markets Authority (ESMA) the EU’s securities regulator, has launched a consultation on the standard forms, templates, and procedures that National Competent Authorities (NCAs) should use to publish information on their websites to facilitate cross-border distribution of funds. In particular, the standard information should cover: National laws, regulations and administrative provisions governing [...]

March 31st, 2020|Comments Off on ESMA consults on standardised information to facilitate cross-border funds distribution

SEC Awards $450,000 to Whistleblower

The Securities and Exchange Commission (SEC) has announced an award of $450,000 to a whistleblower whose significant information helped focus an ongoing investigation on the violations that were ultimately charged. The whistleblower, who had compliance-related responsibilities, is eligible for an award because the whistleblower reported concerns about the relevant conduct internally within the company and [...]

March 31st, 2020|Comments Off on SEC Awards $450,000 to Whistleblower

New Research: Female Investors Lag Behind Male Counterparts in Investment Knowledge and Confidence

Female investors lag behind their male counterparts when it comes to investment knowledge and confidence, according to new research conducted by the FINRA Investor Education Foundation (FINRA Foundation) and the George Washington University School of Business' Global Financial Literacy Excellence Center (GFLEC). Male and female investors answered a 10-question quiz measuring investment knowledge and understanding of U.S. markets. [...]

March 31st, 2020|Comments Off on New Research: Female Investors Lag Behind Male Counterparts in Investment Knowledge and Confidence