News Centre

Hong Kong Securities And Futures Commission Reprimands And Fines Black Marble Securities Limited $1.8 Million For Internal Control Failings And Regulatory Breaches

Date 31/03/2021

The Securities and Futures Commission (SFC) has reprimanded and fined Black Marble Securities Limited (Black Marble Securities) $1.8 million for internal control failings and breaches of the SFC’s Code of Conduct (Notes 1 & 2).

SGX Consults On SPACs Listing Framework

Date 31/03/2021

Singapore Exchange (SGX) is seeking market feedback on a proposed regulatory framework for the listing of Special Purpose Acquisition Companies (SPACs) on its Mainboard. 

Valour Launches World's First Fee-Free Ethereum Exchange Traded Product (ETP)

Date 31/03/2021

• New ETP, Ethereum Zero, will enable institutions and individuals to invest in Ethereum as easily as buying shares from their bank or broker with zero management fees
• Valour currently has over $50M USD in AUM from its existing product, Bitcoin Zero
• Trading in Ethereum Zero began on Nordic Growth Market stock exchange on March 30, 2021

Matrix IDM And Reformis Form A Strategic Partnership To Deliver Long Term Data Strategy Projects For Buy Side Firms Globally

Date 31/03/2021

• Reformis’ expert business transformation consultancy services to augment Matrix’s award-winning data management solutions
• Partnership underpins ambitious international expansion plans

BNP Paribas Asset Management Appoints New Global Head Of Trading

Date 31/03/2021

BNP Paribas Asset Management (‘BNPP AM’) announces the appointment of Inés de Trémiolles as Global Head of Trading within its Global Trading Function (‘GTF’).  Inés will join on 6 April and will be based in Paris.  She reports to Sophie Lugiez, Head of GTF.

GPW Publishes Best Practice For GPW Listed Companies 2021

Date 31/03/2021

• The Exchange Supervisory Board has approved a new code of corporate governance for GPW listed companies
• The Best Practice for GPW Listed Companies 2021 comes into force on 1 July 2021

Moscow Exchange: Risk Parameters Change For The Security RU000A0JUW23

Date 31/03/2021

As per the Securities market risk parameters methodology, on 31.03.2021, 10-14 (MSK) the upper bound of the price band (up to 118.31) and initial margins (up to 16.25 %) for the security RU000A0JUW23 were changed. New values are available here

Japan Financial Services Agency: Notification Of Originator And Beneficiary Information Upon Crypto Assets Transfer (I.E. The Travel Rule)

Date 31/03/2021

Amended in June 2019, the FATF Standards require the member jurisdictions to introduce and implement a regulation to obtain information of the originator and beneficiary associated with the transfer of crypto assets, and to give notice of such information to the VASP used by the beneficiary, i.e. the so-called travel rule.

Tokyo Commodity Exchange: Revisions To Nikkei-JPX Commodity Index Guidebook And Component Weight Ratio

Date 31/03/2021

Please be informed that Nikkei-JPX Commodity Index Guidebook and the component weight ratio, effective June 1, 2021, will be revised as follows.

UK Financial Conduct Authority: Future Consultation On Strengthening Investor Protections In Special Purpose Acquisition Companies (SPACs)

Date 31/03/2021

We confirm that we will be consulting shortly on amendments to our Listing Rules and related guidance to strengthen protections for investors in Special Purpose Acquisition Companies (SPACs). The consultation will consider the structural features and enhanced disclosure, including a minimum market capitalisation and a redemption option for investors, required to provide appropriate investor protection. Our proposals will help to ensure that SPACs operate within a framework of high regulatory standards and oversight. Where such protections are in place, we consider that the existing presumption of suspension of the listing for such companies at the point of announcement of an acquisition target is no longer required and we therefore intend to consult on this basis, aligning this element of our rules more closely with other major jurisdictions.