FCA closes investigation into Bank of England audio hack by hedge funds
The audio feed contained no inside information and no activity of concern or misconduct was identified by the FCA following the audio hack at the Bank of England.
Regulation
Stricter EU short selling reporting rules to stay in place until December
Fears of a second wave of coronavirus infection in Europe has forced the markets regulator to renew tighter reporting on short selling activities.
Buy-side still overwhelmingly unprepared for uncleared margin rules from 2021
State Street polled 300 buy-side firms and found that less than a fifth were fully ready to comply with UMR from September 2021 or September 2022.
SmartStream adds derivatives to SI registry ahead of MiFID II deadline
A derivatives component has been added to the SmartStream SI registry before the MiFID II SI regime for derivatives is enforced later this month.
ESMA finds no material evidence of harmful impact of MiFID II unbundling
The European regulatory watchdog has seemingly countered claims that unbundling has harmed research coverage and quality.
Dutch regulator calls for overhaul of MiFID II fixed income transparency rules
The AFM stated in a recent report the overall sentiment is that MiFID II has not yet delivered its goals in fixed income markets, and should be considered a work in progress.
CFTC provides additional Libor transition relief to swaps participants
The latest no-action letters issues by the CFTC follow the regulator’s move to provide market participants relief in December.
Bank of Nova Scotia to pay $127 million in record spoofing settlement
US derivatives regulator said the settlement with Bank of Nova Scotia for spoofing and making false allegations is a record penalty.
Archax becomes first FCA regulated UK digital securities exchange
Archax has become the first digital securities exchange in the UK to be regulated by the FCA, as well as receiving FCA crypto asset registration.
Cappitech launches Singapore derivatives reporting service through DTCC link
Cappitech has extended its end point network with DTCC to support Monetary Authority of Singapore (MAS) OTC derivatives reporting.