News Centre

ASIC-RBA Joint Statement On ASX CHESS Replacement Program

Date 17/11/2022

ASIC and the Reserve Bank of Australia (RBA) (the regulators) note ASX’s announcement on the CHESS Replacement program. ASX’s announcement marks a significant setback to the replacement of critical national infrastructure for Australia’s cash equity markets and now brings into sharp focus the longevity of the existing CHESS platform.

Singapore Police Force, Monetary Authority Of Singapore, Singapore Accounting And Corporate Regulatory Authority: Former CEO, CFO And Independent Directors Of Hyflux Ltd Charged With Offences Under The Securities And Futures Act And The Companies Act

Date 17/11/2022

The former Chief Executive Officer of Hyflux Ltd (Hyflux), Ms Lum Ooi Lin, its former Chief Financial Officer, Mr Cho Wee Peng, and four independent directors of Hyflux at the material time were charged in court today for disclosure-related offences under the Securities and Futures Act (SFA). Ms Lum was further charged with an offence under the Companies Act (CA) for her failure in ensuring Hyflux’s compliance with accounting standards. 

SGX Group Welcomes eBest Investment & Securities Co. Ltd. As Derivatives Trading Member

Date 17/11/2022

SGX Group is pleased to welcome eBest Investment & Securities Co. Ltd. as a Trading Member of its derivatives market.

Securities Commission Malaysia Wins Insider Trading Civil Suit Against Patimas Computers Berhad Former Executive Director - Dato' Ng Back Heang Ordered To Pay The SC A Total Of RM2.04 Million

Date 17/11/2022

The High Court, on 16 November 2022, found that the Securities Commission Malaysia (SC) had successfully proven its claim in a civil suit against Dato' Ng Back Heang (Ng), a former executive director of Patimas Computers Berhad (Patimas) for insider trading.

Digital Assets: Putting Investors First, SEC Commissioner Jaime Lizárraga, Brooklyn Law School Keynote Address, Nov. 16, 2022

Date 17/11/2022

Thank you for that warm introduction.  It is a pleasure to be here today, and I thank Brooklyn Law School for the kind invitation to deliver today’s keynote.  I must note at the outset that the views expressed here today are my own and do not necessarily reflect the views of the Commission or its staff, or those of my fellow Commissioners.

Readout: US Deputy Secretary Wally Adeyemo’s Meeting With United Kingdom Secretary Of State For International Trade Kemi Badenoch

Date 16/11/2022

Deputy Secretary of the Treasury Wally Adeyemo met today with Kemi Badenoch, the United Kingdom’s Secretary of State for International Trade and President of the Board of Trade, to discuss global economic conditions, opportunities to create shared economic prosperity through trade and investment, and investment security. With respect to investment security, they discussed ways to safeguard national security and opportunities to ensure US and UK intellectual and financial capital are not used to support the development of critical technologies used by foreign adversaries. In addition, following up on his trip to the United Kingdom last week, the Deputy Secretary discussed the Inflation Reduction Act’s historic climate change investment that will help the United States hit its climate goals by 2030 and create economic opportunity and growth in the U.S. and abroad, as well as the importance of building resilient clean energy supply chains.

Readout: US Deputy Secretary Wally Adeyemo’s Meeting With German State Secretary For Economic Affairs And Climate Action Udo Philipp

Date 16/11/2022

Deputy Secretary of the Treasury Wally Adeyemo met today with Udo Philipp, the German State Secretary at the Federal Ministry for Economic Affairs and Climate Action. The two discussed close cooperation on continuing to degrade Russia’s ability to wage its brutal war against Ukraine, including through sanctions and export controls, as well as the price cap on Russian oil. They also discussed global macroeconomic developments, climate investments—including the Inflation Reduction Act’s historic climate change investment that will create economic opportunity in the U.S. and Europe, as well as the importance of building resilient clean energy supply chains. They also discussed ensuring that US and European intellectual and financial capital are not used to support the development of critical technologies used by foreign adversaries.

Cboe Global Markets Declares Fourth-Quarter 2022 Dividend

Date 16/11/2022

Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced its Board of Directors has declared a quarterly cash dividend of $0.50 per share of common stock for the fourth quarter of 2022. The fourth-quarter 2022 dividend is payable on December 15, 2022, to stockholders of record as of November 30, 2022.

CFTC Charges Former Energy Broker With Paying Brokerage Kickbacks And Misappropriating Nonpublic Information

Date 16/11/2022

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Lee Tippett, a former energy broker with Classic Energy, LLC, for participating in a scheme to pay kickbacks to Matthew Clark, a trader employed by one of Classic’s brokerage customers. The order finds Tippett made these kickback payments to Clark in exchange for Clark sending more brokerage business from his employer to Classic. According to the order, Tippett also participated in a scheme to misappropriate confidential block trade order information from the same Classic customer, facilitated fictitious trades, and made false statements to ICE Futures US. 

Rolling Regulation Forwards - Speech By Nikhil Rathi, UK Financial Conduct Authority Chief Executive Delivered At The UK Finance Annual Dinner.

Date 16/11/2022

Highlights

• The Consumer Duty will help us manage the entry of Big Tech firms into the UK retail financial service, ensuring a level playing field.
• Firms should take advantage of digitalisation but market developments must not leave groups of consumers behind, particularly those most vulnerable or the least digitally enabled.
• We want to work with industry to ensure that the UK remains the largest destination for fintech investment in Europe.