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MiCA Guidelines: Compliance Table for System and Security Access

The European Securities and Markets Authority (ESMA) has published a compliance table for guidelines on the maintenance of systems and security access protocols under the Markets in Crypto-Assets (MiCA) regulation. This document aids entities in assessing their adherence to MiCA's requirements.

ESMA Compliance Table for Market Abuse Guidelines under MiCA

The European Securities and Markets Authority (ESMA) has published a compliance table for its guidelines on market abuse under the Markets in Crypto-Assets (MiCA) regulation. This document serves as a reference for entities to understand their obligations regarding market abuse provisions within the MiCA framework.

ESMA Compliance Table for Crypto Asset Classification Guidelines

The European Securities and Markets Authority (ESMA) has published a compliance table related to its Joint Guidelines on templates for explanations and opinions, and the standardised test for the classification of crypto assets. This document serves as a reference for entities to ensure their compliance with existing guidelines.

Motor Finance Compensation Scheme Implementation Period

The FCA has announced that a proposed motor finance compensation scheme will include an implementation period of 3 to 5 months. This aims to streamline the process for consumers to receive compensation and for firms to manage claims, with millions expected to receive payouts in 2026.

FCA fines John Wood Group £12.99M for misleading statements

The FCA has fined John Wood Group PLC £12,993,700 for publishing inaccurate information in its financial results for 2022, 2023, and the first half of 2024. The company failed to maintain adequate systems and controls, leading to misleading statements that impacted its share price.

SEC Sanctions Shima Capital and Yida Gao for Misrepresentations

The SEC has sanctioned Shima Capital Management LLC and its owner Yida Gao for making material misrepresentations to investors. As a result, Shima Capital's registration as an investment adviser has been revoked.

CapexMD LLC Consent Order for Unlicensed Small Loans

The Connecticut Department of Banking issued a consent order against CapexMD LLC for making unlicensed small loans to 41 Connecticut borrowers. CapexMD agreed to pay a civil penalty and restitution without admitting wrongdoing.

FCA Review of UK Listing Rules for Investment Entities

The FCA is reviewing UK Listing Rules concerning investment entities, specifically eligibility criteria and risk-spreading requirements. The review aims to assess potential changes to these rules and will involve targeted work on board responsibilities. Proposals will be set out in a consultation paper.

OPBAS Report: AML Supervisors Improve, Enforcement Needs Strengthening

The FCA's Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has released a report indicating improvements in AML supervisor effectiveness for professional services firms. However, the report highlights ongoing concerns regarding the enforcement capabilities of some supervisors and potential conflicts of interest due to their dual role.

SEC Sanctions Carole Liston for Investor Fund Misuse

The SEC has sanctioned Carole A. Liston for misusing investor funds, raising at least $5.7 million from approximately 200 investors nationwide. The sanctions follow a civil judgment permanently enjoining Liston from future violations of securities laws.