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...In response to questions from the Financial Times, the European Commission said: “We are indeed looking at the compliance packages of all gatekeepers, including Apple....
...But Spotify said at the time that Apple’s compliance was a “complete and total farce”....
...As part of the settlement, EY was forced to appoint an independent investigator to examine the actions of “senior attorneys”, EY executives and compliance staff related to the disclosure failure....
...New obligations for tech giants, including the need to inform the commission if they intend to buy a rival and the setting up of a compliance function, kick in from Wednesday....
...“Our strong commitment to compliance and integrity in our financial reporting is evidenced by the diligence and breadth with which the audit committee has conducted its internal investigation,” ADM’s chief...
...The $27tn Treasury market is facing seismic changes under new US Securities and Exchange Commission rules, which will remodel the way that trades are finalised....
...The compliance dates will be March 31, 2025 for the clearing house (Fixed income Clearing Corp = FICC) to adopt new rules including changes to customer margin accounting, Dec 31 2025 for Treasury cash trade...
...The Financial Conduct Authority said on Thursday it would investigate interest-linked deals offered by motor finance companies following a surge in customer claims, which could lead to redress that compliance...
...However, Airbnb said it hoped the settlement of the tax case would help reduce tensions with Rome....
...Harris said crypto companies overseen by her agency often fall short of compliance standards seen in other industries....
...Commission....
...The EU said the bloc can launch a non-compliance procedure against any company covered by the DMA as soon as the March deadline expires....
...As part of the agreement, Morgan Stanley will pay $249mn in a settlement....
...Under its settlement with US authorities, Binance has agreed to up to five years of oversight by an independent compliance monitor....
...Deutsche has already paid tens of millions of euros in settlements and sanctioned about a dozen staff after clients suffered crippling losses....
...Earlier this month, Masimo chief executive Joe Kiani said he was open to reaching a settlement with the iPhone maker....
...The settlement resolves the Federal Trade Commission’s first challenge to a pharmaceutical deal in more than a decade....
...Last year, Securities and Exchange Commission chair Gary Gensler vowed that the regulator would be the “cop on the beat” policing the “Wild West” of the cryptocurrency industry....
...has a March deadline for legal compliance from tech companies....
...The move comes as big tech companies are facing a March 2024 deadline to come into compliance with the European Commission’s new Digital Markets Act, which could require Apple to open iMessage up to rivals...
...Last week, 3M agreed to pay a fine of $6.5mn to settle allegations made by the Securities and Exchange Commission that it tried to hide payments to Chinese government officials for overseas travel and tourism...
...The judge in the case has already ruled out trying to “micromanage” Google’s commission fees....
...It does not alter or detract from our firm commitment to complying with the DMA, and we will continue to work constructively with the European Commission to prepare for compliance.”...
...In its first challenge to a pharmaceutical deal in more than a decade, Khan’s Federal Trade Commission had sought to block the deal, arguing greater market power would lead to higher prices for patients....
...In addition to the penalties, the companies were ordered to not repeat record-keeping violations and retain independent compliance consultants....
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