News Centre

CFTC Commitments Of Traders Reports Update

Date 16/02/2024

The current reports for the week of February 13, 2024 are now available. Report data is also available in the CFTC Public Reporting Environment (PRE), which allows users to search, filter, customize and download report data.

Nigerian Exchange Weekly Market Report For February 16th, 2024

Date 16/02/2024

A total turnover of 1.559 billion shares worth N36.497 billion in 42,546 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.478 billion shares valued at N47.856 billion that exchanged hands last week in 54,982 deals.

MIAX Exchange Group - SEC Rule Amendment Requiring Certain Firms To Become FINRA Members

Date 16/02/2024

On August 23, 2023, the Securities and Exchange Commission adopted amendments to Securities and Exchange Act Rule 15b9-1 that narrow the exemption from FINRA membership (“Rule 15b9-1 Amendments”). Certain broker-dealers will be required to become a FINRA member if the broker-dealer effects transactions other than on an exchange of which it is a member unless certain conditions are met.

CFTC Commissioner Pham To Speak On Hogan Lovells Panel On AI In Financial Services (Virtual)

Date 16/02/2024

SEC Small Business Advisory Committee To Discuss The Accredited Investor Definition And The State Of The IPO Market

Date 16/02/2024

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, Feb. 27, which will include a discussion of the accredited investor definition and initial public offerings (IPOs). Members of the public can watch the live meeting via webcast on www.sec.gov.

Up-And-Running Of Consolidated Tape Versus Market Structure Improvement: By Kelvin To, Founder And President Of Data Boiler Technologies

Date 16/02/2024

The FCA concluded its comment period for Policy Statement for the framework for UK consolidated tape (CT) on the 9th of February 2024. We think there will need to be “give and take” in the short term to get the CT up-and-running the soonest and will need to remain flexible for right-course policy actions in the long term for market structure improvements.

US Federal Agencies Issue 2023 Shared National Credit Program Report

Date 16/02/2024

Federal bank regulatory agencies today reported in the 2023 Shared National Credit (SNC) report that credit quality associated with large, syndicated bank loans remains moderate. However, the agencies noted declining credit quality trends due to the pressure of higher interest rates on leveraged borrowers and compressed operating margins in some industry sectors.

FINRA Announces Three New Governors On Its Board

Date 16/02/2024

FINRA announced today that Derrick Roman, former partner of PricewaterhouseCoopers LLP (PwC), and Gus Sauter, current member of FINRA’s Investment Committee, have been appointed as public governors on its Board of Governors. In addition, Naureen Hassan, President of UBS Americas and CEO of UBS Holdings, has been appointed as an industry governor to the Floor Member Governor seat. Together, these individuals bring extensive audit, risk management, regulatory policy and investing experience to the Board.

TMX Group Closes C$1.1 Billion Private Placement Debenture Offering

Date 16/02/2024

TMX Group Limited ("TMX Group") today announced that it has closed a Canadian private placement offering (the "Offering") of C$1.1 billion aggregate principal amount of senior unsecured debentures (collectively, the "Debentures") to accredited investors in Canada comprising: (i) C$350 million aggregate principal amount of 4.678% Series G Senior Unsecured Debentures due August 16, 2029, approximately 4.9 times oversubscribed; (ii) C$300 million aggregate principal amount of 4.836% Series H Senior Unsecured Debentures due February 18, 2032, approximately 4.3 times oversubscribed; and (iii) C$450 million aggregate principal amount of 4.970% Series I Senior Unsecured Debentures due February 16, 2034, approximately 5.8 times oversubscribed. The Debentures are direct senior unsecured and unsubordinated obligations of TMX Group and rank pari passu with all other senior unsecured and unsubordinated indebtedness of TMX Group.

SEC Charges TIAA Subsidiary For Failing To Act In The Best Interest Of Retail Customers - Broker-Dealer To Pay More Than $2.2 Million For Violating Reg BI

Date 16/02/2024

The Securities and Exchange Commission today announced that registered broker-dealer TIAA-CREF Individual & Institutional Services LLC (TC Services), a subsidiary of Teachers Insurance and Annuity Association of America (TIAA), will pay more than $2.2 million to settle charges that it failed to comply with Regulation Best Interest (Reg BI) in connection with recommendations to retail customers to open a TIAA Individual Retirement Account (TIAA IRA).