News Centre

Federal Reserve Board Approves Final Rule Strengthening Supervision And Regulation Of Large U.S. Bank Holding Companies And Foreign Banking Organizations

Date 18/02/2014

The Federal Reserve Board on Tuesday approved a final rule strengthening supervision and regulation of large U.S. bank holding companies and foreign banking organizations.

CFTC Orders Florida-based Worth Asset Management And Its Owner, Paul L. Kaulesar, To Pay Over $6.2 Million In Restitution And A Fine For Multi-Million Dollar Fraudulent Precious Metals Scheme

Date 18/02/2014

The U.S. Commodity Futures Trading Commission (CFTC) today filed and settled charges against Worth Asset Management LLC (Worth Asset) of West Palm Beach, Florida, and its sole owner and manager, Paul L. Kaulesar of Royal Palm Beach, for solicitation fraud and engaging in illegal, off-exchange precious metals transactions. Neither Worth Asset nor Kaulesar has ever been registered with the CFTC.

Luxembourg Stock Exchange: Interim Revision Of The LuxX Index

Date 18/02/2014

As a result of the delisting of the shares of BIP Investment Partners (ISIN LU0110790085) from the official list of the Luxembourg Stock Exchange, scheduled for Friday, 28 February 2014 after market closing, the new composition of the basket used to calculate the LuxX index (base 1,000 as at 04/01/1999) will consist of the following as of Monday, 24 February 2014:

Japan's Securities And Exchange Surveillance Commission: Recommendation For Administrative Monetary Penalty Payment Order For Market Manipulation By Select Vantage Inc.

Date 18/02/2014

1. Contents of the Recommendation

The Securities and Exchange Surveillance Commission (“SESC”), today, made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to market manipulation by Select Vantage Inc. (“Select Vantage”) pursuant to Article 20(1) of the Act for Establishment of the Financial Services Agency. This recommendation is based on the findings of the investigation into the market manipulation, whereby the following violations of laws and ordinances were identified.

Finansinspektionen (FI) iSwedish Financial Supervisory Authority Strengthens Consumer Protection

Date 18/02/2014

Finansinspektionen (FI) is starting up a new operational section – Consumer Protection. The purpose is to gain a clearer focus on consumer protection matters and hence strengthen the position of consumers on the financial market.

Qatar Exchange Sets The Listing Of Mesaieed Petrochemical Holding Company On Wednesday, February 26, 2014 & Shareholders Data Available At Brokerage Firms By Sunday, February 23, 2014

Date 18/02/2014

Qatar Exchange (QE) announced that the listing of Mesaieed Petrochemical Holding Company (MPHC) will be Wednesday, February 26, 2014.  The decision to list MPHC on QE resulted after the company has obtained the approval from the Qatar Financial Markets’ Authority (QFMA) and fulfilled and complied with all necessary listing requirements. With the listing of MPHC, the number of listed companies on QE will increase to 43.

Impact Of Corporate Action Of Vodafone Group Plc On NASDAQ OMX Indexes

Date 18/02/2014

Vodafone Group Plc (Nasdaq:VOD) has announced a pro rata distribution to shareholders of record on February 20, 2014, of Verizon Communications Inc. (VZ) common stock and cash, which will occur after close of business on February 21, 2014, followed immediately by a reverse stock split of VOD.

Japan's Financial Services Agency: A New Member To The Panel For Vitalizing Financial And Capital Markets

Date 18/02/2014

The Panel for Vitalizing Financial and Capital Markets, set up on November 11, 2013, welcomed a new member, Dr. Akio Mimura.

HKEx Welcomes First International ETF On Mainland China’s Onshore Bond Market

Date 18/02/2014

Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the listing set for tomorrow, 19 February 2014 of the CSOP China 5-Year Treasury Bond ETF, which will be the first Exchange Traded Fund, or ETF, outside Mainland China that tracks the Mainland onshore bond market.

Securities Commission Malaysia: Audit Oversight Board Issues First Public Reprimands For 2014

Date 18/02/2014

Audit Oversight Board (AOB) has publicly reprimanded two registered  auditors, Lim Kok Beng of Ong Boon Bah & Co and Chan Kee Hwa of Khoo Wong & Chan for failing to comply with the International Standards on Auditing (ISAs) while auditing the financial statements of public interest entities (PIEs).