Author Archives: ETE

The European Securities and Markets Authority (ESMA), the EU’s securities and markets regulator launches today a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) on compliance and internal audit functions of UCITS management companies and Alternative Investment Fund Managers (AIFMs) across the EU. The CSA will be conducted throughout 2025 and aims to assess […]

The FCA has charged Mrs Lisa Campbell with multiple criminal offences, including fraud by abuse of position and providing false or misleading information to the FCA to conceal her wrongdoing. Mrs Campbell was the sole director of Campbell & Associates Independent Financial Advice Ltd (Campbell & Associates), an FCA authorised financial advisory firm which operated […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched today a consultation on settlement discipline, with the objective of improving settlement efficiency across various areas. ESMA is consulting on a set of proposals to amend the technical standards on settlement discipline that include: reduced timeframes for allocations and […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched a consultation on revising the disclosure framework for private securitisations under the Securitisation Regulation (SECR). The consultation proposes a simplified disclosure template for private securitisations designed to improve proportionality in information-sharing processes while ensuring that supervisory authorities retain access […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today publishes its first risk monitoring report of 2025, setting out the key risk drivers currently facing EU financial markets. ESMA finds that overall risks in EU securities markets are high, and market participants should be wary of potential market corrections. […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has appointed Birgit Puck, Finanzmarktaufsicht (FMA) as a new Chair of the Markets Standing Committee. The election took place at the Board of Supervisors meeting on 11 February 2025. The list of Standing Committees’ Chairs is available here. The Standing Committees […]

The Financial Services and Credit Panel (FSCP) has made a two-year registration prohibition order against financial adviser Glenn Paul Meilak from 10 February 2025. The FSCP found that Mr Meilak gave advice to his clients recommending that they set up self-managed superannuation funds (SMSFs). Mr Meilak exhibited conduct that was systemic, displayed a lack of […]

ASIC has cancelled the Australian credit licence (ACL) of NSW based credit provider Auckland Finance Pty Ltd. The ACL cancellation took effect on 31 January 2025. The ACL was cancelled after ASIC became aware that Auckland Finance had not engaged in credit activities for some time. Under the National Consumer Credit Protection Act 2009, ASIC […]

ASIC has cancelled the Australian financial services (AFS) licence of New South Wales-based financial services provider LRA Corporate Pty Ltd ACN 062 427 696 (LRA Corporate) effective from 3 February 2025. The AFS Licence was cancelled after ASIC became aware that LRA Corporate had ceased to carry on a financial services business. ASIC may suspend […]

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today launched two public consultations following the review of the European Market Infrastructure Regulation (EMIR 3). ESMA is encouraging stakeholders to share their views on: the conditions for extensions of authorisation and the list of required documents and information for applications by […]