UK organisations unprepared for EU financial instruments directive

07 December 2017

There are now less than 30 days to go before the legislation comes into force with tough financial penalties for non-compliance.

There are now less than 30 days to go before the legislation comes into force with tough financial penalties for non-compliance.

The Markets in Financial Instruments Directive (MiFID II) comes into force on 3 January 2018, but 39 per cent of UK financial organisations are unaware whether their organisation is compliant or not, says new research.

MiFID II is EU legislation that regulates firms who provide services to clients linked to ‘financial instruments’ and the venues where those instruments are traded.

Part of the directive states that firms will be obliged to record all communications that are intended to result in a transaction.

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St. Andrews gets funding for data ‘SafePods’

29 November 2017

The University of St Andrews has been granted £1.5m from the Economic and Social Research Council to create and manage a new Micro Safe Settings Network (MSSN).

This aims to support, strengthen and widen remote access to sensitive information held by data centres across the country.

The university says research access to sensitive data can only typically take place in tightly controlled safe settings where the privacy of the data subjects can be assured.

But it points out that these type of research settings can be expensive to build and maintain, and so only exist in a few places across the UK.

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Jisc protects Janet against DDoS attacks with Arbor

28 November 2017

Janet, the UK’s national research and education network, will be protected against DDoS attacks with help of Arbor.

Originally the ‘Joint Academic Network’, Janet now comprises more than 5,000km of fibre and has more than 18 million users that include universities, colleges and research centres.

Its backbone runs at 100Gbps with an interconnect capacity of around 40Gbps.

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Synopsys swallows Black Duck to push software quality testing

28 November 2017

Synopsys, which claims to be the world’s 15th largest software firm, has agreed to buy Black Duck Software in a deal valued at $565m.

According to Synopsys, software development is undergoing “sweeping and rapid change”, including the increasing use of open source software which makes up 60 per cent or more of the code in today’s applications.

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