News Centre
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BTON Financial Appoints Former Tradeweb Heavyweight Andrew Bernard As NED - Promotes Regulatory Expert Caroline Holmes To COO
Date 16/09/2020
BTON Financial has today announced the appointment of fixed income and electronic trading expert, Andrew Bernard, as Non-Executive Director. Andrew joins BTON’s advisory board from Tradeweb, where he held a variety of senior positions over the past 17 years, including MD, Head of of Asia and as an MD in the London office. Prior to Tradeweb he served as Head of European Government Bond Sales and as Principal of the Global Leveraged Group for Bank of America, and Director of UK sales at Société Générale. Andrew will play a key role in shaping the direction of the company and delivering BTON Financial’s plans to bring its technology and data-driven dealing desk to the wider asset management community.
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Mogadishu-Based Amana Bank Signs Comprehensive Software Deal With Path Solutions - The New Project Will Be Deployed On Oracle Cloud Infrastructure For High-Performance Computing Power To Run The Bank’s IT Workloads While Providing Real-Time Elasticity
Date 16/09/2020
Amana Bank, a leading Islamic bank in Somalia today announced that it has selected iMAL, the AAOIFI-certified core banking platform from Path Solutions to replace its legacy IT system and deploy a single, cloud-based digital banking platform to underpin its banking operations.
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Hong Kong Securities And Futures Commission Bans Fabian Shin Yick For 20 Months Over IPO Sponsor Failures
Date 16/09/2020
The Securities and Futures Commission (SFC) has prohibited Mr Fabian Shin Yick, a former responsible officer (RO) and chief executive officer of Yi Shun Da Capital Limited (YSD Capital), from re-entering the industry for 20 months from 15 September 2020 to 14 May 2022 for breaching the SFC’s Code of Conduct and Sponsor Guidelines.
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Hong Kong Securities And Futures Commission Commences Disciplinary Proceedings Against Ngai Lai Ha For Alleged Breach Of Takeovers Code
Date 16/09/2020
The Securities and Futures Commission’s (SFC) Takeovers Executive has today commenced disciplinary proceedings before the Takeovers and Mergers Panel (Takeovers Panel) against Ms Ngai Lai Ha (Ngai), the chairperson of International Housewares Retail Company Limited (the Company) over a breach of the Code on Takeovers and Mergers (Takeovers Code).
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Tokyo Stock Exchange To launch TSE Timely Disclosure Corpus Service
Date 16/09/2020
With the aim of utilizing machine translation, etc. to meet the growing need for disclosure in English, from September 16, 2020, Tokyo Stock Exchange, Inc. (TSE) will launch its "TSE Timely Disclosure Corpus Data Service".
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SGX Wins “Best Exchange For FX” At FX Markets e-FX Awards 2020
Date 16/09/2020
- Award acknowledges SGX’s efforts to enhance capital efficiencies for market participants; bridging OTC and listed FX markets with its acquisition of BidFX as well as first-of-its-kind FlexC FX futures product offering
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ASX Is Revising Its Temporary Emergency Capital Raising Measures
Date 16/09/2020
ASX is revising the temporary emergency capital raising measures that help listed entities affected by the COVID- 19 pandemic. The measures were introduced on 31 March 2020 and are due to expire on 30 November 2020.
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ISDA Analysis Of The Impact Of Brexit On The MIFID Derivatives Trading Obligation
Date 15/09/2020
ISDA has published a paper recommending that the EU and the UK recognize the equivalence of each other’s derivatives trading venues in order to mitigate the impact of the UK’s withdrawal from the EU. If appropriate equivalence decisions are not in place by the end of the transition period provided for in the Withdrawal Agreement between the EU and the UK (the transition period), there will be significant issues for counterparties subject to the derivatives trading obligation (DTO) and other requirements under derivatives legislation in both the EU and the UK. The lack of such equivalence decisions is also likely to exacerbate the fragmentation of liquidity in over-the-counter (OTC) derivatives markets between the EU and the UK resulting from Brexit.
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Statement On SEC Settlement Charging Token Issuer With Violation Of Registration Provisions Of The Securities Act Of 1933, SEC Commissioner Hester M. Peirce, Sept. 15, 2020
Date 15/09/2020
Today’s settlement with Unikrn, Inc., is the latest in a growing line of enforcement actions arising from initial coin offerings. While many SEC enforcement actions in this space include allegations of fraud, Unikrn falls within the narrower category of token issuers charged only with violating Section 5 of the Securities Act. In other words, Unikrn is alleged to have offered and sold its tokens in an unregistered offering and in a manner that did not qualify for an exemption; it is not alleged to have engaged in any fraud in doing so. Registration violations, even standing alone, are serious, and our enforcement actions can serve to deter such violations and protect harmed investors. We should strive to avoid enforcement actions and sanctions, however, that enervate innovation and stifle the economic growth that innovation brings. I believe that this action and its accompanying sanctions will have such consequences.
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CFTC Staff Provides No-Action Relief to Registrant from SEF Reinstatement Requirements
Date 15/09/2020
The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today granted temporary no-action relief to Tassat Derivatives LLC, a CFTC-registered swap execution facility (SEF), from SEF reinstatement requirements under CFTC Regulation 37.3(d), subject to certain conditions.
