News Centre

The UAE Securities And Commodities Authority Issues A Decision Regulating Green And Sustainability-Related Bonds And Sukuk

Date 04/04/2023

The Securities and Commodities Authority (SCA) issued a decision regulating green and sustainability-linked bonds and sukuk. The decision, issued by board chairman H.E. Mohammed Ali Al Shorafa, indicated that green bonds and sukuk are those whose proceeds are used entirely to finance or refinance, in part or in full, new or existing green and environmentally friendly projects. Sustainability-linked bonds and sukuk, on the other hand, are those that have financial or structural characteristics tied to the issuer’s key performance indicators (KPIs) and predefined sustainability objectives that are outlined in the issuance documentation.

CSRC Approves The Registration Change For The First Four REIT Fundraising Expansion Projects

Date 04/04/2023

On 31 March 2023, the first batch of four infrastructure REIT fundraising expansion projects were approved by CSRC for registration change, marking a crucial step forward for the regular issue of infrastructure REITs.

Circular Of Shanghai International Energy Exchange On Adjusting Trading Margin Rates And Price Limits Of Futures Contracts

Date 04/04/2023

Shanghai International Energy Exchange has released its Circular on Adjusting Trading Margin Rates and Price Limits of Futures Contracts as follows:

SEC Charges Merrill Lynch For Failing To Disclose Foreign Exchange Fees To Clients

Date 03/04/2023

The Securities and Exchange Commission today charged Merrill Lynch, Pierce, Fenner & Smith Incorporated for charging advisory clients more than $4 million in undisclosed foreign exchange fees for transfers to or from their accounts. To settle the charges, Merrill Lynch has agreed to pay disgorgement, prejudgment interest, and a civil penalty totaling more than $9.5 million and has agreed to distribute funds to harmed clients.

Nadex Product Schedule For The 2023 Good Friday And Easter Monday Holidays

Date 03/04/2023

Nadex will observe the following holiday schedule for the 2023 Good Friday and Easter Monday holidays:

CFTC Commissioner Johnson To Participate In The NASAA Spring Public Policy Symposium

Date 03/04/2023

CFTC Commissioner Johnson To Participate In The American University Business Law Review 2023 Annual Spring Symposium

Date 03/04/2023

CFTC Commissioner Johnson To Participate In The Financial Readiness For Service Members And Their Families Townhall

Date 03/04/2023

US Justice Department Seizes Over $112M In Funds Linked To Cryptocurrency Investment Schemes

Date 03/04/2023

The Department of Justice announced today that it has seized virtual currency worth an estimated $112 million linked to cryptocurrency investment scams.

SEC Charges Chatham Asset Management And Founder Anthony Melchiorre For Improper Fixed Income Securities Trading

Date 03/04/2023

The Securities and Exchange Commission today charged New Jersey-based Chatham Asset Management LLC and its founder, Anthony Melchiorre, in connection with improper trading of certain fixed income securities. Chatham and Melchiorre agreed to pay more than $19.3 million in combined disgorgement, prejudgment interest, and civil penalties to settle the charges.