News Centre

Financial Action Task Force Accredits Dr. Maryam Al Suwaidi As The First Emirati Female Assessor Expert In The Field Of Combating Money Laundering And Terrorism Financing

Date 19/09/2021

Financial Action Task Force (FATF) accredited H.E. Dr. Maryam Buti Al Suwaidi - Acting CEO of Securities and Commodities Authority (SCA)- as an accredited assessor and expert in evaluating the national level systems of combating money laundering and terrorism financing and evaluating the effectiveness of these systems using the evaluation methodology issued in 2013 by FATF for its second round of country evaluations. H.E Dr. Maryam Al Suwaidi is the first Emirati woman to receive this coveted recognition from FATF.

Tehran Stock Exchange Weekly Market Review - 11 September 2021 To 15 September2021

Date 18/09/2021

Click here to download Tehran Stock Exchange's weekly market review 

Business Rules For Issuance And Underwriting Of Shares On Shanghai Stock Exchange STAR Market Revised

Date 18/09/2021

Upon the approval of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE) published today the newly revised Measures of Shanghai Stock Exchange for Implementation of Issuance and Underwriting of Shares on the STAR Market and the Guidelines No. 1 of the Shanghai Stock Exchange for the Application of the Rules for Issuance and Underwriting on the STAR Market - Initial Public Offerings, aiming to optimize the mechanism for issuance and underwriting of new shares on the SSE STAR Market and enhance the equilibrium between buyers and sellers. The revised rules (hereinafter collectively referred to as the STAR Market Issuance and Underwriting Rules) shall come into effect on the date of publication.

US Department Of Justice: Former Information Technology Executive Pleads Guilty To Insider Trading And Aiding In The Preparation Of A False Tax Return

Date 17/09/2021

A former information technology (IT) executive pleaded guilty today in the Western District of Pennsylvania to conspiracy to commit securities fraud and aiding in the preparation of a false tax return.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 17/09/2021

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or decreased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of September 13, 2021 as indicated in the Weekly Notice. 

SIFMA AMG Statement On Impact Of Tax Proposals On Middle-Class Savers

Date 17/09/2021

SIFMA AMG today released the following statement from Tim Cameron, SIFMA Managing Director and head of SIFMA’s Asset Management Group (SIFMA AMG) expressing concerns with several tax changes being considered in Congress as part of the reconciliation bill:

“As Congress debates the reconciliation package, raising taxes on Main Street investors is the wrong direction to look and runs contrary to the Biden Administration’s promise not to raise taxes on middle-income Americans. Provisions like raising taxes on capital gains and dividends, changing the derivatives tax regime, new restrictions on the ability of individual retirement accounts (IRAs) to invest in alternative investments, and changing the tax treatment for exchange traded funds (ETFs) all directly impact Americans working to build savings and to have a successful retirement. We urge Congress to carefully consider the real-world impact on everyday savers and move away from these tax hikes.”

Nadex Renames Its Germany 30 Contracts As Germany 40 Contracts

Date 17/09/2021

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and section §40.6(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) submitted to the Commission on September 17, 2021 and emergency action notice of its intent to rename its Germany 30 Variable Payout and Germany 30 Binary contracts as Germany 40 Variable Payout and Germany 40 Binary contracts.

CFTC Commitments Of Traders Reports Update

Date 17/09/2021

The current reports for the week of September 14, 2021 are now available.

Nadex Refrains From Listing Certain Contracts

Date 17/09/2021

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

• No GBP/JPY, GBP/USD, EUR/JPY, USD/CAD, or USD/JPY 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date September 13, 2021;

• No GBP/JPY 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date September 14, 2021;

• No GBP/JPY or GBP/USD 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date September 16, 2021;

• No GBP/USD 5-Minute contacts were listed for the 6:05pm through 6:15pm ET expiration times on trade date September 17, 2021.

SEC Charges Former Pharmaceutical Global IT Manager In $8 Million Insider Trading Scheme

Date 17/09/2021

The Securities and Exchange Commission today announced insider trading charges against Dayakar R. Mallu, of Orlando, Florida, who generated gains and avoided losses totaling over $8 million by trading in the securities of his former employer, Mylan N.V., ahead of four public announcements between Oct. 3, 2017, and July 29, 2019.