News Centre

CFTC Revokes Registrations Of Allianz Global Investors US LLC

Date 21/03/2023

The Commodity Futures Trading Commission today announced it has filed a Notice of Intent to Revoke the Registrations of Allianz Global Investors US LLC (AGI US), a Delaware limited liability company. The CFTC simultaneously issued an Opinion and Order accepting the settlement offer from AGI US and settling the action. The order revokes AGI US’s registrations with the CFTC as a commodity trading advisor and commodity pool operator. 

The New Simplified Advice Regime And The Advice / Guidance Boundary Review, Speech By Therese Chambers, UK Financial Conduct Authority Director Of Consumer Investments, Delivered At The TISA Financial Advice And Guidance Conference In London

Date 21/03/2023

Highlights

• The FCA wants to ensure we have a healthy and successful consumer investment sector in which firms can thrive and consumers can make informed choices about financial products and services.
• We are committed to a regulatory approach that supports streamlined advice models. Following the closure of our consultation on our core investment advice regime (CP22/24), we are considering the best way to take forward any simplified advice regime as well as the timeline for doing so.
• We, alongside the Treasury, are keen to ensure that the advice guidance boundary review is genuinely holistic. It is imperative we get the review right – something that will inevitably take time.

DFM Company Shareholders Approve 2022 Financial Statements

Date 21/03/2023

• Ratification of the Board’s recommendation to distribute cash dividend of AED 134.7 million
• The Company adopts a new policy to distribute no less than 50% of its annual net profit as dividends 
• The shareholders elect Company’s new Board of Directors for a 3-year term

Update On UK Financial Conduct Authority Authorisations Operating Service Metrics

Date 21/03/2023

In October 2022 we published an update on our operating service metrics for authorisations timelines, which included a view of operating service metrics for the period April to September 2022. 

Successful Migration Of ATHEXCSD & ATHEXClear Services To The New ECB's T2 RTGS System

Date 21/03/2023

ATHEXCSD and ATHEXClear announce the successful migration of their clearing and settlement services to the new T2 Real-Time Gross Settlement (RTGS) system which was operationally launched by the European Central Bank (ECB) on Monday 20 March 2023. The migration was successfully executed as part of the ECB's T2-T2S Consolidation project, in close cooperation with ATHEXCSD Settlement Banks and Participants and ATHEXClear Clearing Members. Τhe Bank of Greece (BoG) coordinated the migration project in the Hellenic Market on behalf of ECB.

IEX Exchange’s Position On The SEC’s Proposed Changes To Regulation NMS

Date 21/03/2023

On March 20, IEX Exchange (Investors’ Exchange LLC) filed our response to the SEC’s proposed changes to the reforms related to Regulation NMS, which include limiting maximum fees (and therefore rebates) exchanges can charge, trading increments, and “tick sizes” (units in which securities can be quoted). We believe the Commission’s proposals are thoughtful, thorough, and appropriately identify aspects of the rules that require reform. We support reform in all the areas identified by the SEC, while suggesting modifications to certain aspects to ensure that regulatory reform meets the Commission’s objectives.

Remarks To Investment Company Institute 2023 Investment Management Conference, SEC Commissioner Mark T. Uyeda, Palm Desert, CA, March 20, 2023

Date 21/03/2023

Thank you, Susan Olson, for that kind introduction.  After graduating law school in 1995, I became an associate with the asset management practice of a law firm in Washington, D.C.  The following spring, I remember the partners getting excited about the Investment Company Institute’s upcoming conference in Palm Desert, California.  Since attendance was largely a “partners-only” affair, this conference carried a bit of mystique to the associates and as a native Southern Californian, this event was doubly intriguing to me.  Thus, I was quite honored to be invited to speak with you here today and share some thoughts.  My remarks reflect solely my individual views as a Commissioner and do not necessarily reflect the views of the full Commission or my fellow Commissioners.

Remarks By US Secretary Of The Treasury Janet L. Yellen At The American Bankers Association’s Washington DC Summit

Date 21/03/2023

Good morning, everyone. Thank you, Rob, for your leadership of the American Bankers Association. I greatly appreciate the invitation to be with all of you at an important moment.

Eleventh Africa Fiscal Forum - Joint Statement By The Managing Director Of The International Monetary Fund And The European Commissioner For International Partnership

Date 21/03/2023

Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund, and Ms. Jutta Urpilainen, European Commissioner for International Partnerships, today issued the following statement on the occasion of the Eleventh African Fiscal Forum ‘Building a Resilient Africa’, which is taking place virtually from March 21 to March 22:

MEMX Expands Investor Base With Leading Options Firms - Optiver Led Equity Round Focused On Supporting The Growth Of MEMX Options

Date 21/03/2023

MEMX, a market operator founded by members to benefit all investors, today announced the successful completion of a strategic equity round of funding led by Optiver, a leading global market maker, to support the launch of MEMX Options in August. Optiver assumes a MEMX board seat as part of the transaction. Additional firms participating in the round include new investors Belvedere Strategic Capital, LP, Chicago Trading Company, and IMC, as well as existing investors Citadel Securities and Virtu Financial.