Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Completion is expected to occur two months following the entering into of the Agreement, or earlier as may be agreed between the parties.
This is a quote from the proposed acquisition of Semnet Rns, of 6th December.
In my mind this acquisition is the whole key to FCA acceptance.
Looking at time lines, early February is the kick off to a GST fully regulated company, led by the good and vastly experienced Lord Wellington CEO of Angra Global.....gla
Part 2
Following the consultation feedback, the GFIN:
Launched a pilot phase of cross-border testing that provided the network the necessary learnings to be able to open applications for the first official cohort. Applications for the first cohort closed on 31 December 2020.
As part of the finalised terms of reference for governance and membership, expanding from the founding 12 members, the group now includes over 70 organisations. Financial regulators and related organisations with a commitment to supporting innovation in the interest of consumers are invited to join.
Cross-border testing
In January 2020, the GFIN published the Cross-border testing: lessons learned report to reflect on our achievements and the challenges faced during the pilot phase in 2019. Building on the solutions announced in that report (including the launch of the GFIN website and Regulatory Compendium), the GFIN has developed several tools and solutions to improve the cross-border testing framework for a new cohort of firms:
a single-entry application form to simplify the process for firms
cross-border testing questions and answers to help firms understand the process
an evolved Regulatory Compendium clarifying the remit and interests of participating regulators and the types of innovation services available
See the GFIN website for more information about wider cross-border testing.
Reckon we must be involved Lloyd.
This.....part 1
Global Financial Innovation Network (GFIN)
First published: 31/01/2019 Last updated: 15/02/2023 See all updates
The Global Financial Innovation Network (GFIN) was formally launched in January 2019 by an international group of financial regulators and related organisations, including the FCA. We explain about the GFIN's work.
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The GFIN built on the FCA’s early 2018 proposal to create a global sandbox. The FCA now leads and chairs the network of more than 70 organisations committed to supporting financial innovation in the interests of consumers.
The GFIN seeks to provide a more efficient way for innovative firms to interact with regulators, helping them navigate between countries as they look to scale new ideas. This includes the ability to conduct a cross-border test – a solution for firms wishing to test innovative products, services or business models across more than one jurisdiction.
It also aims to create a new framework for co-operation between financial services regulators on innovation related topics, sharing different experiences and approaches.
As part of its commitment to be an open initiative, the GFIN launched its own website in January 2020. The website provides information about the GFIN’s membership, cross-border testing and publications produced by the GFIN since its launch.
GFIN – development and progress
In June 2019, the GFIN published a report setting out the progress made in its first year, the challenges it has faced, and its ambitions and plans for the future. It also describes the work done to engage with stakeholders.
The GFIN was originally proposed in a consultation paper in August 2018. The GFIN received 99 responses from 26 jurisdictions in response to the consultation paper. The response from industry and other international regulators was overwhelmingly positive in favour of establishing the GFIN to facilitate a new practical method of regulatory collaboration on innovation and creating an environment for cross-border testing.
Following this consultation, the GFIN finalised terms of reference for governance and membership of the group and confirmed 3 primary functions:
To act as a network of regulators to collaborate and share experience of innovation in respective markets, including emerging technologies and business models, and to provide accessible regulatory contact information for firms.
To provide a forum for joint RegTech work and collaborative knowledge sharing/lessons learned.
To provide firms with an environment in which to trial cross-border solutions.
After the end of the consultation, the GFIN discussed further development of our core functions and next steps of the network. Alongside discussions on the sharing of experience, regulators involved agreed to launch a pilot phase of cross-border testing (for firms) and to formalise the membership and governance structure for regulators and international organisations inter
I and many others quite agree Sunny, it can be frustrating when in certain situations, the exchange being one of them, that clarification cannot be given.
I sometimes think we get more information from Lloyd and others on this board about GST, than we do from the company...😏
Just popping my head above the parapet lol..
Well, that was an exciting opening parley peeps.
There will always be differences of opinion on these boards.
I don't agree with insults thrown around, that helps no-one, much easier to filter in my opinion.
There are many decent posters who, through research, manage to find out information which is a benifit to us all, particularly regarding timings about a possible top up.
We all get a bit frustrated I suspect, because the BOD leak nothing until an RNS is needed.
The constant seller isn't helping the mood either, but we'll just have to be a bit more patient.
Works frozen off again so time for a cuppa....gla
Would be nice to have clarification, but Tim just closes down when, as I see it, he deems the questions market sensitive.
Problem is that it just leaves us in the dark!
Are these sites connected to Angra as we know it, or not....
Quite right Bfdinvestor, good and valid points.
I think that what AHS is trying to explain, is that a great many, and maybe yourself included. Are awaiting KYC approval from the GST including Angra.
It's fair to assume that without KYC, for UK client based users. FCA approval has not yet been granted, therefore limiting the full roll out that GST ultimately wishes to attain...
Seems quiet tonight?
Tim has replied in literally minutes....
Hi Paul
You can absolutely rely on it as far as director’s holdings as any trade of even one share by a director or related party would require announcing. The nominees holdings change on a daily basis, but are obviously of less relevance as these cover a significant number of underlying beneficial holders. However, I will get them to update this page.
Best regards
Tim
Well, can't ask anymore than that. Good evening to you all...
Just sent this follow-up email to Tim regarding the significant shareholders list.
Thanks Tim for your prompt response.
There is a question that that long term holders, some with substantial holdings themselves ask, is.
Can we rely upon the significant shareholders list which doesn't seem to have been updated for some time, as a true reflection of major investors in GST?
Regards Paul