News Centre

HKEX: Exchange Publishes Conclusions On Review Of Corporate Governance Code

Date 10/12/2021

• Conclusions focus on enhancing listed issuers’ corporate governance and diversity practices
• Revised CG Code and Listing Rules will come into effect on 1 January 2022

Pegasus Entrepreneurial Acquisition Company Europe B.V. Lists On Euronext Amsterdam

Date 10/12/2021

• SPAC listing successfully raises €210 million – upsized due to strong investor demand
• 21st SPAC listed on Euronext markets in 2021 (YTD), of which 15 on Euronext Amsterdam

So Long LIBOR – 3 Weeks To Go - Keynote Speech By Edwin Schooling Latter, Director Of Markets And Wholesale Policy And Wholesale Supervision At The FCA, Delivered At Risk.net’s LIBOR Telethon On 8 December 2021

Date 10/12/2021

Highlights

• Sterling, Swiss franc, Japanese yen and euro LIBOR panels come to an end on 31 December this year. 
• Sterling interest rate markets have moved to SONIA, and most sterling legacy LIBOR contracts will have converted away from LIBOR by or at year end. 
• Some firms will need to take further steps to convert remaining legacy LIBOR contracts in 2022.

CFFEX: Notice On Issues Related To The Delivery Of Equity Index Futures And Options Contracts

Date 10/12/2021

Pursuant to the Trading Rules of China Financial Futures Exchange and relevant detailed implementation rules, the last trading day of a CSI 300 Index futures, SSE 50 Index futures, CSI 500 Index futures, and CSI 300 Index options contract is the third Friday of the expiry month. Where the last trading day is a public holiday or trading of that contract is suspended on that day for extraordinary situations or other reasons, the last trading day shall be postponed to the following trading day. Accordingly, the last trading day of IF2112, IH2112, IC2112, and IO2112(CSI 300 Index options contracts expiring in December 2021) is December 17, 2021.

Brigade-M3 European Acquisition Corp. Lists On Euronext Amsterdam

Date 10/12/2021

• SPAC listing raises $250 million

• 22nd SPAC listed on Euronext’s markets in 2021 (YTD)

The 15th National Association Of Insurance Commissioners Of The United States-Japan Financial Services Agency Insurance Dialogue

Date 10/12/2021

On December 1, 2021, representatives of the National Association of Insurance Commissioners of the United States and the Financial Services Agency met virtually at the 15th meeting of the Insurance Regular Dialogue.

Leveraging Synergy Among Exchanges In Cultivation Service To Assist In The High-Quality Development Of The Capital Market In Western China

Date 10/12/2021

On 8 December 2021, the Stock Exchanges’ Joint Cultivation Program Western China Session, initiated by the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Beijing Stock Exchange and jointly hosted by branches of the China Securities Regulatory Commission (“CSRC”) and local finance bureaus in Western China, was held in Chengdu. Relevant officials of the three exchanges attended and addressed the event, and relevant officials of Sichuan Provincial Bureau of Financial Work, CSRC Sichuan Branch, Chengdu Municipal Financial Regulatory Bureau and the government of Chengdu High-tech Industrial Development Zone and enterprise representatives were present at the event.

Moscow Exchange: Risk Parameters Change For The Securities

Date 10/12/2021

The following risk parameters will be changed:

Kiwi Wealth Launches Low-Cost Option Following Reappointment As KiwiSaver Default Fund Manager

Date 10/12/2021

As one of the six KiwiSaver default providers, local leaders in responsible investing and major Aotearoa New Zealand asset manager Kiwi Wealth has now launched Kiwi Wealth KiwiSaver Default Fund. The majority of this pension fund, 51%, passively tracks the Solactive Kiwi Global Markets Screened Index, which covers the largest c.3,000 companies in Developed and Emerging Markets, and excludes any company on the asset manager’s exclusion list.

RepoClear SA Clears First Euro Repo By Sponsored Member

Date 10/12/2021

• PGGM is first to use the service, clearing a euro repo as a Sponsored Member of RepoClear SA
• Sponsored Clearing at RepoClear SA enables buy-side member firms to directly access repo clearing across 13 euro debt markets and €GCPlus
• Expansion to buy-side increases multilateral netting opportunities for members