News Centre

Montréal Exchange Interest Rate Derivative Trading Ceases At 13:30 Today - Exchange's Markets Closed April 2

Date 01/04/2021

Interest rate derivative trading will cease at 1:30 p.m. today, April 1, 2021. Furthermore, the Exchange's markets will be closed on April 2, 2021.

CFTC Charges Washington State Rancher And Feedyard With $233 Million Phantom Cattle Fraud Scheme

Date 01/04/2021

The Commodity Futures Trading Commission today filed a civil enforcement action in the United States District Court for the Eastern District of Washington charging Easterday Ranches, Inc., a Pasco, Washington based cattle feedyard, and Cody Easterday, co-owner and formerly president of Easterday Ranches, for engaging in fraud in connection with the sale of more than 200,000 non-existent head of cattle to a beef processor, making false statements to an exchange, and violating exchange-set position limits.

ASIC Sues CBA For Misleading Conduct Over Monthly Access Fees

Date 31/03/2021

ASIC has commenced civil penalty proceedings in the Federal Court against the Commonwealth Bank of Australia (CBA), alleging that it charged monthly access fees to customers when it was not entitled to do so.

US Federal Reserve Board Publishes Frequently Asked Questions (FAQs) Comprising Existing Legal Interpretations Related To A Number Of The Board’s Longstanding Regulations

Date 31/03/2021

The Federal Reserve Board on Wednesday published frequently asked questions (FAQs) comprising existing legal interpretations related to a number of the Board's longstanding regulations. The FAQs are intended to increase transparency and enhance accessibility to Board and Board staff legal interpretations.

Readout Of US Financial Stability Oversight Council Meeting On March 31, 2021

Date 31/03/2021

U.S. Treasury Secretary Janet L. Yellen today convened a meeting of the Financial Stability Oversight Council (Council) in executive and open sessions by videoconference.  

US Federal Reserve Board Adopts Final Rule Outlining And Confirming The Use Of Supervisory Guidance For Regulated Institutions

Date 31/03/2021

The Federal Reserve Board on Wednesday adopted a final rule outlining and confirming the use of supervisory guidance for regulated institutions. The final rule generally codifies a statement issued in September 2018 clarifying the differences between regulations and guidance and is substantially similar to the proposal issued last year.

US Financial Stability Oversight Council Meeting

Date 31/03/2021

On Wednesday, March 31, Secretary Yellen presided over a meeting of the Financial Stability Oversight Council (Council) via videoconference.

SEC Staff Statement On Select Issues Pertaining To Special Purpose Acquisition Companies - Division of Corporation Finance[1]

Date 31/03/2021

This staff statement addresses certain accounting, financial reporting and governance issues that should be carefully considered before a private operating company undertakes a business combination with a special purpose acquisition company (a “SPAC”). 

BOX Exchange: Penny Program Class Removals

Date 31/03/2021

The permanent Penny Interval Program for options (the “Penny Program”), was adopted on July 1, 2020 by BOX Exchange LLC (“BOX”) and includes provisions for an Annual Review to remove of any option class that falls outside the 425 most actively traded multiply listed option classes, based on National Cleared Volume from June 1 through November 30 of the prior year. Any option class added during the year because of activity following initial listing will remain in the Penny Program for one full calendar year.

Financial Reporting And Auditing Considerations of Companies Merging With SPACs, Paul Munter, SEC Acting Chief Accountant, March 31, 2021

Date 31/03/2021

Introduction

In recent years, we have seen significant market developments and innovation in our capital markets, with a variety of structures being utilized to raise capital and facilitate taking private companies public.