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The FCA has decided to fine BancTrust chief executive Carlos Fuenmayor £99,600 for failing to disclose three separate matters to the regulator. The FCA found his failures were negligent and breached conduct rules, and the case has been referred to the Upper Tribunal.
New Zealand is advancing legislation to expand the Serious Fraud Office’s powers over digital and cloud-based evidence, search warrants, and search site control. The bill passed its first reading on 30 April and is now before Parliament’s Justice Select Committee, which will report back by 31 August.
The Cyprus Securities and Exchange Commission has withdrawn the Cyprus Investment Firm authorisation of TTCM Traders Trust Capital Markets Ltd following the broker’s decision to renounce its licence. The move forms part of a broader pattern of voluntary exits from the Cyprus Investment Firm regime and coincides with CySEC’s enhanced reporting and supervisory measures for investment firms and crypto asset service providers.
Cyprus regulators have relayed Spain’s position that spot-quoted futures and perpetual futures sold to Spanish retail clients should be treated as contracts for difference. The move brings these products under Spain’s existing CFD leverage limits and marketing restrictions.
