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Financial Stability, The Single Market And Capital Markets Union - Speech By Sir Jon Cunliffe, Bank Of England Deputy Governor Financial Stability, Member Of The Monetary Policy Committee, Member Of The Financial Policy Committee And Member Of The Prudential Regulation Authority Board

Date 21/01/2015

In a speech on Tuesday to a conference organised by the City of London Corporation and Open Europe, Jon Cunliffe discusses how the European Union has achieved and should continue to achieve a balance between developing a single market for financial services and the need for financial stability.  Jon sets out how the establishment of a Capital Markets Union can help to further the objective of encouraging the free movement of capital in the EU by promoting the development of market-based financing.

Bank Of England: Minutes Of The Monetary Policy Committee Meeting Held On 7 And 8 January 2015

Date 21/01/2015

The Governor invited the Committee to vote on the propositions that:

• Bank Rate should be maintained at 0.5%;
• The Bank of England should maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

Notice Of Amending “Implementation Guide To HKSCC’s Participation In Online Voting Of Listed Companies Involved In Shanghai Stock Connect”

Date 21/01/2015

The Shanghai Stock Exchange (SSE) has amended the “Implementation Guide to Participation of Hong Kong Securities Clearing Company Ltd. (HKSCC) in Online Voting of Listed Companies Involved in Shanghai Stock Connect” (the “Implementation Guide” for short) in accordance with the “SSE Stock Listing Rules” and the newly released “SSE Detailed Rules for Online Voting at Shareholders’ Meetings of Listed Companies (Amended in 2015)”. The SSE hereby releases the amended “Implementation Guide”, which will take effect on January 26, 2015, and the old one will be abolished at the same time.

MEFF Launches A New Contract On Stock Dividend Future - The Contract Will Act As A Dividend Risk Hedging Instrument And Will Offer New Opportunities For The Execution Of Strategies And Trading

Date 21/01/2015

As of January 27th, MEFF, the Spanish Derivatives exchange operated by BME, will list for trading and registration Single Stock Dividend Futures contracts with a larger contracts size, following its approval by the Spanish securities regulator, CNMV. 

KRX: Analysis Of Turnover Ratio Of Listed Shares In KOSPI And KOSDAQ Markets In 2014

Date 21/01/2015

Shanghai Stock Exchange: Notice Of Launching New Online Voting System And Releasing “Detailed Rules For Online Voting At Shareholders’ Meetings Of Listed Companies (Revised In 2015)”

Date 21/01/2015

To implement the requirement of the China Securities Regulatory Commission for complete adoption of online voting at shareholders’ meetings of listed companies and further facilitate investors’ voting, the Shanghai Stock Exchange (SSE) and its member units have optimized and adjusted the online voting system (OVS) of shareholders’ meetings and added a new online voting platform (website: vote.sseinfo.com). The new OVS will be put into formal use on January 26, 2015, after which investors can still log on to trading terminals of securities companies designated by them for online voting, or log on to the SSE’s newly added online voting platform to vote online after going through verification of shareholder identities.

TOCOM Granted Registration As Foreign Board Of Trade By CFTC

Date 21/01/2015

The Tokyo Commodity Exchange, Inc. (TOCOM), Japan’s largest commodity futures exchange and one of the most prominent in Asia, announced today that the U.S. Commodity Futures Trading Commission (CFTC) has issued an Order granting TOCOM’s application for registration as a Foreign Board of Trade (FBOT) under the U.S. Commodity Exchange Act on January 20. FBOT registration permits TOCOM to provide its Members and market participants located in the U.S. with direct access to its electronic order entry and trade matching system.

HKFE Announces Revised Margins For China Life Insurance Futures

Date 21/01/2015

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Friday, 23 January 2015, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below. The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

Dalian Commodity Exchange: Notice On Adjusting The Minimum Trading Margin Standard For Blockboard And Fiberboard Futures

Date 21/01/2015

According to Article 4 of the “Measures of Dalian Commodity Exchange for Risk Management”, it has been decided upon discussion that as of the settlement on January 19, 2015, DCE will adjust the minimum trading margin standard for blockboard and fiberboard products to 20%, and the price limit will remain at 5%.

Statement Of CFTC Commissioner Mark Wetjen On CFTC Approval Of TOCOM As An FBOT

Date 21/01/2015

I am pleased that Chairman Tim Massad brought forward and the Commission then moved quickly to approve registration of the Tokyo Commodity Exchange, Inc. (TOCOM) as a Foreign Board of Trade (FBOT).  As I have stressed before, this cross-border approach to the oversight of trading platforms incentivizes higher standards around the world by requiring foreign entities that want access to U.S. market participants to be subject to supervision that is comparable and comprehensive to our regime under Dodd-Frank.  I hope the Commission will move quickly to consider the remaining applications for FBOTs that have been relying on no-action relief for years.