News Centre

FCA Fines Aviva Investors £17.6m For Systems And Controls Failings That Led To Its Failure To Manage Conflicts Of Interest Fairly

Date 24/02/2015

The Financial Conduct Authority (FCA) has fined Aviva Investors Global Services Limited (Aviva Investors) £17,607,000 for systems and controls failings that meant it failed to manage conflicts of interest fairly. These weaknesses led to compensation of £132,000,000 being paid to ensure that none of the funds Aviva Investors managed was adversely impacted.

Thomson Reuters To Host The 2nd Annual Japanese Regulatory Summit In Tokyo

Date 24/02/2015

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, will host the 2nd annual Japanese Regulatory Summit in Tokyo on 10 March. Building on the success of Thomson Reuters Regulatory Summits in the region and globally, this program will bring together a strong line-up of speakers to explore the ever-changing regulatory landscape whilst sharing best-practice approaches to risk management, corporate governance and compliance, in an effort to enhance Japan’s standing as a robust financial centre which is compliant with international regulations.

Study: Splitting The German Power Market Increases Cost Of Power Supply By 100 Million Euro Per Year - Analysis Of The Economic Effects Of Splitting The German-Austrian Price Zone Shows That Considerable Inefficiencies Would Arise

Date 24/02/2015

EEX and EPEX SPOT have jointly published a study entitled “Economic efficiency analysis of introducing smaller bidding zones” and presented the results in Berlin today. Both exchanges have asked the energy policy consultancy Consentec to conduct this analysis, in order to provide quantitative insights for the current discussion regarding a potential split of the German-Austrian bidding zone.

WSE Group To Offer A New Market - The WSE Group Will Open A Commodity-Based Financial Market Within A Year - The New Market Will Be Operated By The Polish Power Exchange - Electricity Futures Will Be The First Instrument To Be Introduced To Trading

Date 24/02/2015

On 23 February 2015 the Ministry of Finance issued a decision authorizing the start of trading commodity derivatives on the Financial Instruments Market (RIF) to be operated by the Polish Power Exchange (PolPX). According to the decision of the Minister of Finance, the new market should be opened within a year. Electricity futures will be the first instrument to be introduced to trading.

New Deka Equity Index ETF Launched On Xetra - ETF Provides Access To Corporate Stocks From Ex EMU Europe

Date 24/02/2015

A new equity index ETF issued by Deka Investment GmbH has been tradable in Deutsche Börse’s XTF segment since Tuesday.  

PEGAS Introduces Trading For New Common Market Area “TRS” In Southern France On 31 March TRS To Replace Existing PEG Sud And PEG TIGF Market Areas

Date 24/02/2015

On 1 April 2015, a common market area will be implemented in southern France under the name “Trading Region South” (TRS) replacing the existing GRTgaz PEG Sud and the TIGF market areas. PEGAS, the pan- European  gas  trading  platform  operated  by  Powernext,  announces  that  Spot  and Futures  products  will  be  tradable  on  the  TRS  market  area  from  31  March  2015, replacing the existing PEG Sud and PEG TIGF contracts which have been traded on Powernext since 26 November 2008.

ESMA And JFSA Conclude An MoC Regarding CCPs

Date 24/02/2015

The European Securities and Markets Authority (ESMA) and the Financial Services Agency of Japan (JFSA) have concluded a Memorandum of Cooperation (MoC). 

Hybrid Solutions Licenses VertexFX To MarketCloud

Date 24/02/2015

Hybrid Solutions has agreed to license its award winning VertexFX platform to MarketCloud, a new software firm that will host the trading platform on the cloud.

Singapore REIT Tax Concessions Extended For Another Five Years

Date 24/02/2015

• As noted in the Budget 2015 Singapore REIT tax concessions were renewed for another five years to the end of March 2020. This included the Foreign-Sourced Income Tax Exemption, Reduced Withholding Tax for Qualifying Non-Resident Non-Individual Unitholders and the Goods and Services Tax Concession. Only the stamp duty remission on transfer of Singapore assets has not been renewed.
• In 2015 year thus far, the 28 REITs and six stapled trusts have averaged a total return of 3.8%, following average total returns of 14.0% in 2014. As of yesterday’s close the three best performing REITs in 2015 in terms of price and dividends were Fortune REIT, Mapletree Greater China Commercial Trust and Mapletree Commercial Trust.
• During the Budget 2015 speech yesterday the Deputy Prime Minister noted that overall Singapore’s tax regime for REITs continues to remain competitive relative to those elsewhere in Asia and will help to anchor the sustainable growth of the Singapore REIT industry.

Tokyo Stock Exchange: Macquarie Bank Limited To List Program On TOKYO PRO-BOND Market

Date 24/02/2015

Today, Tokyo Stock Exchange approved a program listing application from Macquarie Bank Limited (http://www.macquarie.com/au/about/investors) for listing on the professional-oriented TOKYO PRO-BOND Market.