News Centre

Monetary Authority Of Singapore Reprimands AIA Financial Advisers, Prudential, And Two Aviva Entities

Date 15/06/2021

MAS has reprimanded AIA Financial Advisers Private Limited (AIA FA), Prudential Assurance Company Singapore (Pte) Limited (Prudential), Aviva Ltd (Aviva) and Aviva Financial Advisers Pte Ltd (Aviva FA) for breaches of requirements relating to risk management arrangements and the remuneration of supervisors. MAS also reprimanded Mr Peter Tan Shou Yi, a consultant engaged by Aviva, for accepting remuneration in breach of regulatory requirements, and Aviva FA’s CEO and Director, Mr Chee Boon Chai Lionel, for his failure to discharge the duties of his office.

ASIC Releases Guidance On Ongoing Fee Arrangements

Date 15/06/2021

ASIC has today released an information sheet (INFO 256) on ongoing fee arrangements to provide greater clarity to financial advisers and advice licensees on their obligations when providing personal advice to retail clients.

New York Department Of Financial Services Superintendent Lacewell Calls For Disclosure Of Climate-Related Financial Risks By Publicly Traded Companies - DFS Submits Public Comment To The Securities And Exchange Commission Chairman Gary Gensler To Recommend That The SEC Establish Decision-Useful, Consistent, Comparable, And Reliable Climate Change Disclosures

Date 14/06/2021

Superintendent Linda A. Lacewell today announced that the New York Department of Financial Services (DFS) has recommended that the Securities and Exchange Commission (SEC) establish decision-useful, consistent, comparable, and reliable climate change disclosure requirements, in response to a request for input by Acting SEC Chair Allison Herren Lee. Climate-related financial disclosures are critical in helping investors, lending institutions, and insurance underwriters appropriately assess and price climate-related risks and opportunities.  In a comment letter, DFS commended the SEC for focusing on the financial risks from climate change and seeking broad input as it develops climate-related disclosure requirements. 

Sir Eion - NZX Recognises A Giant Of The Capital Markets

Date 14/06/2021

The NZX Board and Management today recognised the passing of a “giant of the capital markets” in New Zealand, Sir Eion Edgar.

MIAX Options Exchange - Updates To The SPIKES Special Settlement Auction Settlement Reference Price Opening Width And SPIKES Valid And Priority Quote Width Tables

Date 14/06/2021

Due to sustained market volatility, MIAX Options will continue to use the Settlement Reference Price Opening Width and Valid and Priority Quote Width tables detailed in MIAX Options Regulatory Circular 2021-04 for opening the SPY July 16, 2021 options used in the June 16, 2021 SPIKES Special Settlement Auction.

ISDA Launches MyLibrary Digital Documentation Platform

Date 14/06/2021

ISDA has launched a new digital documentation platform, aimed at improving the ability of firms to efficiently access and navigate ISDA documents.

Joint Forum Of Canadian Financial Market Regulators Engages With Industry And Investor Groups On Investment Fee Transparency

Date 14/06/2021

The Joint Forum of Financial Market Regulators (Joint Forum) held its annual meeting on June 10, 2021. The Joint Forum brings together members of the Canadian Securities Administrators (CSA), the Canadian Council of Insurance Regulators (CCIR), the Canadian Association of Pension Supervisory Authorities (CAPSA) and representatives from the Canadian Insurance Services Regulatory Organizations (CISRO), as well as from the Mortgage Broker Regulators’ Council of Canada (MBRCC).

Cboe Global Markets Announces New Community Engagement Program, Cboe Empowers

Date 14/06/2021

• Cboe Empowers to provide mentorship, scholarship and guidance to under-resourced students from elementary school to college and beyond
• Program initially launched in Chicago with support from Greenwood Project, Working in the Schools

SEC Awards Approximately $3 Million To Two Whistleblowers

Date 14/06/2021

The Securities and Exchange Commission today announced an aggregate award of approximately $3 million to two whistleblowers whose information and assistance led to a successful SEC enforcement action.  The whistleblowers separately and independently provided SEC staff with valuable information and ongoing assistance, which included participating in multiple interviews with the staff and providing helpful documents. 

Naïm Abou-Jaoudé, CEO Of CANDRIAM, Elected New President Of EFAMA - EFAMA Appoints New Board Of Directors

Date 14/06/2021

On the occasion of its annual meeting held on Friday 11 June, EFAMA’s General Meeting (GM) elected Naïm Abou-Jaoudé, CEO of CANDRIAM, as President for a two-year term, running until June 2023.