News Centre

Ontario Securities Commission To Implement Ban On Deferred Sales Charge Option, Harmonizing Rule Across Canada

Date 07/05/2021

The Ontario Securities Commission (OSC) is moving to ban deferred sales charges (DSC) on mutual funds in Ontario. Under the rule, the payment of upfront sales commissions by fund organizations to dealers will be prohibited, harmonizing the DSC ban across Canada.

Nadex Refrains From Listing Certain Contracts

Date 07/05/2021

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 EUR/JPY, USD/CAD, or GBP/USD 5-Minute contracts were listed on trade date May 3, 2021 for the 6:05pm ET expiration time; Additionally, no GBP/JPY 5-Minute contracts were listed on trade date May 3, 2021 for the 6:05pm and 6:10pm ET expiration times;

Nigerian Exchange Group Weekly Market Report For May 7th 2021

Date 07/05/2021

The market opened for four trading days this week as the Federal Government of Nigeria declared Monday 3rd May 2020 a Public Holiday to mark the Workers Day Anniversary.

Federal Reserve Board Invites Public Comment On Proposed Changes To Regulation II Regarding Network Availability For Card-Not-Present Debit Card Transactions And Publishes A Biennial Report Containing Summary Information On Debit Card Transactions In 2019

Date 07/05/2021

The Federal Reserve Board on Friday invited public comment on proposed changes to Regulation II (Debit Card Interchange Fees and Routing) to clarify that debit card issuers should enable, and allow merchants to choose from, at least two unaffiliated networks for card-not-present debit card transactions, such as online purchases. The Board views these clarifications of Regulation II's existing requirements as necessary in light of information indicating that often only one network is enabled for such transactions.

ESMA Issues Latest Double Volume Cap Data

Date 07/05/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated today its public register with the latest set of double volume cap (DVC) data under MiFID II.

EACH Response – Issues To Be Addressed In The Review Of The Financial Collateral Directive (FCD) And The Settlement Finality Directive (SFD)

Date 07/05/2021

The European Association of CCP Clearing Houses published today the attached response to the issues included in the consultations published by the European Commission concerning the review of the Directive on financial collateral arrangements (FCD) and the review of the Directive on settlement finality in payment and securities settlement systems (SFD).

BIS: Institutional Arrangements For Bank Resolution

Date 07/05/2021

The Financial Stability Board's Key Attributes of Effective Resolution Regimes for Financial Institutions, adopted in response to the Great Financial Crisis, is the global standard for bank resolution frameworks.

BME: GAM Expands Its Capabilities In MARF With A New 80 Million Euro Bond Programme

Date 07/05/2021

BME’s Fixed Income Market, MARF, has registered a new Bond Programme from General de Alquiler de Maquinaria (GAM) for a maximum outstanding balance of 80 million euros. With the registration of this new programme, GAM complements the 50 million euro Commercial Paper Programme it launched last January on MARF and expands its presence on the market.  Through the placement of new bond issues, the company will be able to access qualified investors in a flexible manner to diversify its sources of medium and long-term financing with fixed or variable interest rates, linked to Euribor, and with bullet maturities or early redemption options.

Statement On The Progress Of The UK Working Group On Productive Finance

Date 07/05/2021

In November 2020, Her Majesty’s Treasury (HMT), the Bank of England and the Financial Conduct Authority (FCA) announced the creation of an industry-led Working Group on Productive Finance.

EEX Group News, Monthly Volume Report

Date 07/05/2021

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