EU Archives - Page 3 of 5 - The Industry Spread

EU based Forex Service Provider Goldenburg Group Fined 170000 Euro over Regulatory Violations

May 4, 2019

The Goldenburg group hails from Cyprus and is known for on providing trading services for Forex and CFD instruments via brokerages which are wholly owned subsidiaries. According to recent statement released by the regulatory, Top Forex brand – a brokerage owned by Goldenburg group which has been active for last 5 years via which it provides forex trading services to some of the major European markets has failed to meet multiple compliance requirements due to which the group has been fined 170,000 Euros.

Marketing of Funds in Norway in Case of a No-Deal Brexit.

April 11, 2019

The UK will become a third country in relation to EU-rules if it withdraws from the EU without a deal (“hard Brexit” or ” no-deal Brexit “). Fund management companies based in third countries are not eligible for the notification regime (passporting) for marketing, as set out in the UCITS and AIFMD directives. Marketing of funds associated with third countries in Norway requires authorisation from Finanstilsynet.

CFTC Staff Provides Further Brexit-Related Market Certainty

April 9, 2019

The Commodity Futures Trading Commission’s (CFTC) Divisions of Swap Dealer and Intermediary Oversight (DSIO), Market Oversight (DMO), and Clearing and Risk (DCR), today announced they will grant no-action relief to provide greater Market Certainty to the global marketplace in connection with the anticipated withdrawal of the United Kingdom of Great Britain and Northern Ireland (UK) from the European Union (EU) with or without a ratified withdrawal agreement (Brexit).

Brexit: The FCA Confirms Final Rules for Firms

April 3, 2019

As the UK prepares to leave the EU, the FCA has been working to deliver a transition that is as smooth as possible. The package of documents published contains the majority of the final instruments and guidance, following the February publication of the FCA’s Policy Statement with near-final instruments.

Bank Rate maintained at 0.75% – March 2019

March 22, 2019

Our Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases.