21 August

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Product governance obligations for investment firms manufacturing financial instruments

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DIRECTIVES COMMISSION DELEGATED DIRECTIVE (EU) 2017/593 of 7 April 2016 Supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits. PRODUCT GOVERNANCE REQUIREMENTS Product governance obligations for investment firms manufacturing financial instruments Member States shall require investment firms to comply with this Article when manufacturing financial instruments, which encompasses the creation, development, issuance and/or design of financial instruments. Member States shall require investment firms manufacturing financial instruments to comply, in a way...

11 August

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Wonderinterest Trading Limited, a Forex Company launched its operations, fully CySEC licensed, with the full support of Michalaki, Pitsillidou & Co LLC.

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Another Forex Company was approved by CySEC in the month of June by the comprehensive and extensive consulting of Michalaki, Pitsillidou & Co L.L.C. Wonderinterest Trading Limited has been approved from CySEC after the supervision and full support of our Law Firm’s CIF’s and our experienced consulting team. Our Law Firm wishes good luck to Wonderinterest Trading Limited and we guarantee that it is also our duty to keep providing substantial support to the Company. Michalaki, Pitsillidou & Co LLC, remains stable to providing fast, efficient and value for money support to all of its clients throughout the years. For more information and guidance...

11 August

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APME FX Trading Europe, a Forex Company launched its operations, fully CySEC licensed, with the full support of Michalaki, Pitsillidou & Co LLC

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Another Forex Company was approved by CySEC in the month of June by the comprehensive and extensive consulting of Michalaki, Pitsillidou & Co L.L.C. APME FX Trading Europe Ltd has been approved from CySEC after the supervision and full support of our Law Firm’s CIF’s and our experienced consulting team. Our Law Firm wishes good luck to APME FX Trading Europe Ltd and we guarantee that it is also our duty to keep providing substantial support to the Company. Michalaki, Pitsillidou & Co LLC, remains stable to providing fast, efficient and value for money support to all of its clients throughout the years. For...

09 August

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Inappropriate use of title transfer collateral arrangements

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DIRECTIVES COMMISSION DELEGATED DIRECTIVE (EU) 2017/593 of 7 April 2016 Supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits. Member States shall require that investment firms properly consider, and are able to demonstrate that they have done so, the use of title transfer collateral arrangements in the context of the relationship between the client's obligation to the firm and the client assets subjected to title transfer collateral arrangements...

07 August

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Act of Production Doctrine

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Documents are the foundation of tax cases where crimes are suspected. Citations are frequently issued that demand extensive documentation to back up a claim of offenses for evidence against someone that can have devoted tax offences. Without paperwork and files as the foundation for these cases, governmental agencies are often unable to complete the declare that a person had breached the law. The Fifth Amendment becomes vital while concerning individuals regarding any documentation they may possess. This Amendment is usually applied with the intention of using testimony, however it also explains about individuals that may be pressured to provide records of...

04 August

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Depositing Client Funds

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DIRECTIVES COMMISSION DELEGATED DIRECTIVE (EU) 2017/593 of 7 April 2016 Supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits. Member States shall require investment firms, on receiving any client funds, promptly to place those funds into one or more accounts opened with any of the following: (a) a central bank. (b) a credit institution authorized in accordance with Directive 2013/36/EU of the European Parliament and of the Council (1). (c) a bank...

03 August

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Depositing Client Financial Instruments

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DIRECTIVES COMMISSION DELEGATED DIRECTIVE (EU) 2017/593 of 7 April 2016 Supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits Member States shall allow investment firms to deposit financial instruments held by them on behalf of their clients into an account or accounts opened with a third party provided that the firms exercise all due skill, care and diligence in the selection, appointment and periodic review of the third...

02 August

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Safeguarding of Client Financial Instruments and Funds

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DIRECTIVES COMMISSION DELEGATED DIRECTIVE (EU) 2017/593 of 7 April 2016 Supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits. Member States shall require that investment firms comply with the following requirements: (a) they must keep records and accounts enabling them at any time and without delay to distinguish assets held for one client from assets held for any other client and from their own assets. (b) they must maintain their...

01 August

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Preparing Financially for Divorce

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Most individuals who go through divorce, do not have a prenuptial agreement, meaning that when a divorce takes place, the finances and property must be divided. Anyone anticipating divorce should consider a few things in advance. While friends and family may provide recommendation in these matters, it is best to remember that each state has different divorce laws. Similarly, the laws that impacted a friend’s divorce years ago may have modified and nothing can take the place of direct attorney advice. How to Prepare Your Finances for Divorce The first step in financial planning for a divorce is to recognize in which things...

31 July

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Abusing Children through the Internet

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Child abuse has lengthy been an issue, but the internet has opened up doorways for more abuse incidents to occur. Nowadays, it is essential to state that there are quite a few problems with the recent development of technology. One is that it makes it harder to catch the guilty and those who are being responsible of committing the particular offence. Another alternative reason is that laws face totally difficult time to keep up with technology. This makes more difficult for some individuals to prosecute against those who are guilty of abusing children online though a good lawyer whilst is capable...