News Centre

ESMA Promotes Global Supervisory Co-Operation On Alternative Funds

Date 30/05/2013

The European Securities and Markets Authority (ESMA) has approved co-operation arrangements between EU securities regulators, with responsibility for the supervision of alternative investment funds (AIFs), including hedge funds, private equity and real estate funds, and 34 of their global counterparts. ESMA has negotiated the agreements on behalf of all 27 EU Member State securities regulators as well as the authorities from Croatia, Iceland, Liechtenstein and Norway.

AFME: Latest Oxera Findings Highlight True Cost Of The Proposed Financial Transaction Tax

Date 30/05/2013

The European Commission published a staff working document (SWD) on February 14th 2013 on the proposed financial transaction tax (FTT). The SWD is entitled ‘Implementing enhanced cooperation in the area of financial transaction tax: Analysis of policy options and impacts’.

Palestine Exchange Notification: Trading Hours And Fluctuation Rates %

Date 30/05/2013

Please be informed that the following changes will take place at the PEX as per the Palestine Capital Market Authority instructions including:

• Increasing the continuous trading hours to be 3 hours from 10:00-13:00.

NASDAQ OMX NLX Secures Support Of Founding Participants Ahead Of Launch

Date 30/05/2013

NASDAQ OMX NLX (“NLX”), the new London market offering a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-denominated listed derivative products, has secured the support of a wide range of founding participants including banks, clearing, brokerage and trading firms who will contribute to the provision of liquidity and open interest at NLX.

Malysia’s Audit Oversight Board Urges Firms To Focus On Root Causes To Improve Audit Quality

Date 30/05/2013

The Audit Oversight Board (AOB) today issued its third annual report and urged audit firms to focus on the actual root causes of their audit deficiencies in formulating remediation plans to improve audit quality.

Bank Of Cyprus: Appointment Of Interim Group Chief Executive Officer

Date 30/05/2013

The Bank of Cyprus Public Company Ltd (“Bank”) announces that, the Resolution Authority has appointed Mr Christos Sorotos in the position of Interim Group Chief Executive Officer, following a recommendation from the transitional Board of Directors of the Bank.

NZX: Amendments To The Final Settlement Price Calculation Method

Date 30/05/2013

Pursuant to Contract Terms 15.1 and 15.3 of the Futures Contracts and to Contract 8.1 and 8.3 of the Options Contract, and as notified to the market on 13 December 2012,NZX Limited ("NZX") reminds all market participants that from the July 13 expiry month each of the WMP Futures, AMF Futures, SMP Futures and WMP Options Individual Contract Specifications and the WMP Futures, AMF Futures and SMP Futures Contract Terms and Administrative Procedures will be amended to reflect the following change.

Egyptian Exchange Holds The 2nd Workshop With Mutual Funds To Stimulate Trading Volume

Date 30/05/2013

The Egyptian Exchange (EGX) held its 2nd workshop that associates between the investment banks' fund managers and the listed companies' investor relations executives. Through this workshop, the listed companies presented their business plans in order to trigger their trading activity.

New Zealand's Financial Markets Authority Update 30 May 2013 - Hybrid Financial Instrument Disclosures

Date 30/05/2013

FMA has just finished our report on hybrid financial instrument disclosures. As part of our theme based monitoring projects on financial reporting, we have reviewed the accounting classification and disclosure of financial instruments, classified as hybrid instruments, and listed on the NZX debt market.

ASIC Consults On Relief For The ASX Managed Fund Service

Date 30/05/2013

ASIC today released a consultation paper proposing relief for retail clients who apply for an interest in a registered simple managed investment scheme through the proposed ASX Managed Funds Service (AMFS).