Plan to block LSE IPOs posing threat
Bloomberg
British Chancellor of the Exchequer Rishi Sunak is set to propose powers to block companies from listing on the London Stock Exchange (LSE) if they pose a national security threat.
He is set to launch a consultation on the plans in the coming months, Her Majesty’s Treasury said on Tuesday.
The measures, first reported in the Financial Times, come after concerns were raised that existing British regulations allowed Russian oligarch Oleg Deripaska who is subject to sanctions in the US to list his energy company EN+ Group PLC in 2017.
The British House of Commons Treasury Committee in 2019 said that the listing was a “clear example of the risks inherent in the government’s fragmented approach to sanctions design and implementation.”
<p><span>In a notice dated 19 April 2021, </span><abbr title="Bundesanstalt für Finanzdienstleistungsaufsicht">BaFin</abbr><span> ordered EZ2GO Ltd, based in Dominica, to immediately cease its unauthorised conduct of deposit and safe custody business and its unauthorised provision of contract broking and portfolio management.</span></p>
German Regulator Refuses to Budge in Binance Stock Token Dispute
The
Federal Financial Supervisory Authority (BaFin), the German financial markets regulator, has turned down a plea from the crypto exchange giant
Binance to remove warnings about stock or inventory tokens â coins meant to represent shares in American stock market-listed firms.
BaFin last month posted warnings on its website about possible securities law violations connected with the tokens, claiming that such offerings must be accompanied by regulator-approved investment prospectus documentation.
Binance must either succeed in changing BaFinâs mind before next weekâs deadline, delist the tokens â or face a fine. The exchange may have to fork out USD 6m or 3% of its latest annual revenue takings. It could also have to cover investorsâ losses, BaFin warned.
Warning Of Fraud - Unlawful Use Of BaFinâs Logo In Connection With The Business Activities Of LiborTC Limited Date
ESMA) and
BaFin are fakes. We have been made aware of such a document in connection with the business activities of the company LiborTC Limited. Please note that
BaFin does not send any financial information to investors.
According to other information also available to
BaFin, customers of LiborTC Limited have received alleged e-mails from
BaFin. The sender’s e-mail address is poststelle@bafin.co. Here, too, these e-mails are fakes.
As regards the company LiborTC Limited,
BaFin also refers to the warning of the British Financial Conduct Authority (
Place/Date: - December 11th, 2020 at 7:34 am UTC · 2 min read Source: RegTank
RegTank, a one-stop compliance solution provider was invited to the Paris Blockchain Week Summit (PBWS). The leading European blockchain conference was recently held from 9th to 10th December 2020 and has gathered more than 1700 entrepreneurs, investors and media personnel from all over the world. Notable speakers include Binance founder, Changpeng Zhao; PwC Global Crypto Leader, Henri Arslanian; and many renowned blockchain leaders. With a focus on blockchain technology and cryptocurrency, this summit is part of an effort by the French government to make France the first blockchain-friendly G20 country.