News Centre

Moscow Exchange: Risk Parameters Change For The Security FIS-RM

Date 17/11/2021

As per the Securities market risk parameters methodology, on 17.11.2021, 20-24 (MSK) the lower bound of the price band (up to 7510) and initial margins (up to 18.75 %) for the security FIS-RM were changed. New values are available here

Dissenting Statement On Universal Proxy, SEC Commissioner Hester M. Peirce, Nov. 17, 2021

Date 17/11/2021

I support universal proxy, but not today’s version of universal proxy. 

Statement On Universal Proxy Rules, SEC Commissioner Elad L. Roisman, Nov. 17, 2021

Date 17/11/2021

Good morning. 

Thank you to the staff who worked on this rulemaking.

I support adopting this rule.  I see no compelling reason to prevent shareholders from mixing and matching their votes between a management and dissident slate, given that shareholders who attend meetings are already able to vote in this way.

Statement on Proposed Amendments Related to Proxy Voting Advice, SEC Commissioner Allison Herren Lee, Nov. 17, 2021

Date 17/11/2021

Proxy advisors play a unique and important role in helping shareholders vote to protect their investments and ensure their interests are being served. It is therefore important that our rules do not interfere with the independence of proxy voting advice, introduce unnecessary cost and complexity into an already compressed proxy voting process, or otherwise burden the free and full exercise of shareholder voting rights. For this reason, I’m pleased that we are revisiting certain aspects of the amendments governing proxy voting advice adopted last year so that our rules are appropriately tailored to the needs of investors and other market participants. 

Moscow Exchange: Risk Parameters On Securities Market

Date 17/11/2021

CCP NCC sets the following risk parameters on Securities market starting from 18.11.2021 

Statement On Universal Proxy Ballots, SEC Commissioner Allison Herren Lee, Nov. 17, 2021

Date 17/11/2021

Electing corporate directors is perhaps the most critical function of shareholders in our system of corporate democracy. Corporations are owned by shareholders, but managed and overseen by boards of directors. Thus, it is the shareholders – the owners – that decide whom to entrust to oversee their capital. This is the integral construct of American corporations. The amendments the Commission is voting on today will help ensure that shareholders voting by proxy can freely choose between and among all qualified candidates for the board – and are not limited to choosing the entire slate put forth by one side or the other.

EBA Sees Limited Impact Of The NSFR On The Functioning Of The Precious Metals’ Markets

Date 17/11/2021

The European Banking Authority (EBA) published today a Report on the possible impact of the net stable funding ratio (NSFR) on the functioning of the precious metals’ markets. The Report aims at assessing whether it would be justified to reduce the required stable funding factor for assets used for providing clearing and settlement services or for financing transactions of precious metals.

SEC Adopts New Rules For Universal Proxy Cards In Contested Director Elections - New Rules Allow Shareholders To Vote For Their Preferred Mix Of Board Candidates In Contested Elections

Date 17/11/2021

The Securities and Exchange Commission today voted to adopt final rules requiring parties in a contested election to use universal proxy cards that include all director nominees presented for election at a shareholder meeting. The rule changes will give shareholders the ability to vote by proxy for their preferred combination of board candidates, similar to voting in person.

EBA Announces Timing For Publication Of 2021 EU-Wide Transparency Exercise And Risk Assessment Report

Date 17/11/2021

The European Banking Authority (EBA) announced today that its 2021 Risk Assessment Report and transparency exercise with bank by bank data will be released on Friday 3 December at 18:00 CET.

Too Important To Regulate? Rolling Back Investor Protections On Proxy Voting Advice, SEC Commissioner Elad L. Roisman, Nov. 17, 2021

Date 17/11/2021

Over the past several years, much has been said about what the rise in fund ownership throughout our equity markets might mean for our economy.  But one outcome of increasing fund growth is clear: as funds come to own an ever larger percentage of U.S. corporate equities, they can influence the outcome of a variety of matters that companies submit to a shareholder vote.  As recently as a month ago, the Commission acknowledged this fact and pursued policies designed to ensure that those who manage funds approach voting in a manner that serves the best interest of their clients.