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Isle of Man-based Blackmore under scrutiny

Unregulated firm ‘appears to have operated as a collective investment scheme’ seeking pension funds The Isle of Man Financial Services Authority (IoMFSA) has warned the public about a company called Blackmore Global PCC Limited, which it believes has been operating as a collective investment scheme without proper authorisation. Blackmore is an Isle of Man company which was incorporated in September 2013 as a protected cell company (PCC). The firm is not known to have any connection to UK-based mini-bond firm Blackmore, which went into administration in April 2020. Seeking pension funds In a statement published on 29 April, the IoMFSA said that Blackmore had issued an offering memorandum and a supplementary offering memorandum for each of its cells.

High-calibre network demands better framework conditions for green fintechs Startupticker ch

Initiated by the State Secretariat for International Finance SIF, the Green Fintech Network includes experts from start-ups, corporates, investors, universities and support organisations. Today the group has launched its action plan containing 16 concrete proposals ranging from a fund of funds to an annual innovation challenge.   The Green Fintech Network, an informal group of experts from the green digital finance ecosystem, contributes to this ambition. Its goal is to identify areas to improve the framework conditions for green digital finance in Switzerland, to suggest concrete actions and to assist in implementing selected actions. CEOs of start-ups like Celsius Pro, Rep Risk or Yova are members as well as supporters – Gerrit Sindermann (F10), Mariana Christen Jakob (SEIF) – and experts from Übermorgen Ventures, EY, Swisscom and the Zurich University of Applied Sciences.

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