News Centre

Canadian Securities Administrators Statement On Proposed Climate-Related Disclosure Requirements

Date 05/07/2023

The Canadian Securities Administrators (CSA) welcomes the publication on June 26, 2023 of the International Sustainability Standards Board (ISSB)’s first two sustainability disclosure standards: IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures (together, the ISSB Standards).

ISDA Responds To ESAs On SFDR

Date 05/07/2023

On July 4, ISDA submitted a response to the European Supervisory Authorities’ (ESAs) consultation on suggested amendments to the regulatory technical standards under the Sustainable Finance Disclosure Regulation (SFDR). ISDA emphasizes the need to develop a common methodology for the measurement of derivatives across the various key performance indicators in the EU taxonomy, SFDR regulations and the Markets in Financial Instruments Directive’s sustainability preferences framework. ISDA requests that the ESAs grant the industry additional time to reach a consensus on this topic in the context of the forthcoming deliberations of the ad hoc expert group on derivatives under the EU’s Platform on Sustainable Finance 2.0, to avoid fragmented approaches that could lead to sub-optimal outcomes.

SIFMA Statement On SEC Not Extending MiFID II No-Action Relief

Date 05/07/2023

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the Securities and Exchange Commission’s (SEC) refusal to extend the relief provided in its 2019 Markets in Financial Instruments Directive II (MiFID II) No-Action Letter (NAL):

We Are Working With Stakeholders To Reduce Settlement Cycle – NGX

Date 05/07/2023

Due to the current reforms and competition among exchanges in global financial markets, Nigerian Exchange Limited (NGX) on Thursday revealed that it is working assiduously with the Central Securities Clearing System (CSCS) Plc and other stakeholders to reduce the settlement cycle from T+3 to T+1 over the next few years.

Statement On The Expiration Of The SEC Staff No-Action Letter Re: MiFID II, SEC Commissioner Mark T. Uyeda, July 5, 2023

Date 05/07/2023

Broker-dealer investment research serves an important function by contributing to a richer information environment for market participants, particularly by providing analysis that can assist investors in digesting the increasing amount of regulatory disclosures from public companies.  In so doing, sell-side research plays a role in the efficient market hypothesis and promotes price discovery.    

CanDeal Benchmark Solutions Announces Beta Launch of Term CORRA Reference Rates

Date 05/07/2023

CanDeal Benchmark Solutions, a leading provider of benchmark administration and related services, announced that it is launching a beta version of the new Term CORRA Reference Rates for the 1- and 3-month tenors today.

UK Fixed Income Consolidate Tape Will Accelerate The Electronification Of Fixed Income Markets: David Everson, Head Of Trading, Fixed Income, EMEA, Liquidnet

Date 05/07/2023

Commenting on the FCA’s plans to develop a consolidated tape for fixed income, David Everson, Head of Trading, Fixed Income EMEA at Liquidnet, said:

“It makes sense that the UK would prioritise a Fixed Income consolidated tape first as the asset class has traditionally been much more opaque than, for example, equities. It will be interesting to see how this progresses."

OCC Clears 962.6M Contracts In June 2023, Up 19.4% Year-Over-Year

Date 05/07/2023

OCC, the world's largest equity derivatives clearing organization, announced today that year-to-date average daily volume through June 2023 was 44.7 million contracts, up 8.7 percent compared to year-to-date average daily volume through June 2022. Total volume was 962.6 million contracts, up 19.4 percent compared to June 2022.

Purdue University/CME Group Ag Economy Barometer: Farmer Sentiment Rebounds On More Optimistic View Of Future

Date 05/07/2023

The Purdue University/CME Group Ag Economy Barometer index improved in June, rising 17 points to a reading of 121. The upswing in sentiment was driven by producers' more optimistic view of the future; however, their perception of current conditions remained unchanged from May. The Index of Future Expectations rose 25 points to a reading of 123, while the Index of Current Conditions held flat at a reading of 116 in June. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted between June 12-16.

Tehran Stock Exchange Calls On Issuers For CG Compliance - Corporate Governance Conference Was Held On 4 July 2023 By Tehran Stock Exchange

Date 05/07/2023

More than 350 representatives from TSE’s listed companies, as well as several market’s participants, regulators and academics attended CGIran Conference to discuss the latest national regulations, the requirements and challenges of compliance by Iranian issuers.