News Centre

The Saudi Arabia Capital Market Authority (CMA) Announces Launch Of 5th Batch Of Financial Technology Experimental Permit (FinTech ExPermit)

Date 19/10/2021

The Capital Market Authority (CMA) announced the start of receiving applications for applicants to obtain FinTech ExPermit for the fifth batch. This comes as a continuation of the series of FinTech Lab successes in its previous four batches and in continuation of the CMA's keenness to regulate and develop the Saudi financial market and make it an attractive environment for local and regional investors by supporting the financial technology industry and developing innovative products in the capital market.

Japan Financial Services Agency: Fifteenth Meeting Of The "Council For Cooperation On Financial Stability"

Date 19/10/2021

On October 19, 2021, the Financial Services Agency (FSA) and the Bank of Japan (BOJ) held the fifteenth meeting of the "Council for Cooperation on Financial Stability" to exchange views on the current situation of the financial system and the market among senior officials, including the Commissioner of the FSA and the Deputy Governor of the BOJ.

Regulating FICC In Today’s Age Of Uncertainty - Keynote Address By ASIC Commissioner Cathie Armour At The ISDA Annual Asia Pacific Conference, 19 October 2021.

Date 19/10/2021

Welcome

Good afternoon everyone and welcome. Thank you ISDA for inviting me to speak today. I only wish it could be in person.

DIFC And Start-Up Nation Central To Promote Innovation-Based Business Ties Between The UAE And Israel

Date 19/10/2021

• Pledge to advance market access for high-tech companies with an emphasis on FinTech innovation

GFJ ESG Acquisition I SE Listed On The Frankfurt Stock Exchanges’ Regulated Market Since Today

Date 19/10/2021

As of today, GFJ ESG Acquisition I SE (ISIN: LU2358378979) has been listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange. The company is a SPAC – a Special Purpose Acquisition Company. The issuer states that it is seeking a business combination with a European company in the ESG-related technology sector that supports the decarbonisation path.

Hong Kong Securities And Futures Appeals Tribunal Affirms Hong Kong Securities And Futures Commission Decision To Reprimand And Fine Yi Shun Da Capital Limited For Sponsor Failures

Date 19/10/2021

The Securities and Futures Commission (SFC) has reprimanded and fined Yi Shun Da Capital Limited (YSD Capital) $3 million for failing to discharge its duties as the sponsor in the listing application of Imperial Sierra Group Holdings Limited (Imperial Sierra) in 2017.

Calastone Announces Appointment Of Three Strategic Hires In CFO, Head Of Product, And Head Of DMI Sales Roles

Date 19/10/2021

• Early fintech champion, Ahsan Raza, formerly Managing Director and Co-head of the Technology Investment Banking Coverage team for Barclays in EMEA, appointed as CFO
• Varun Atre appointed Head of Product from previous role as Associate Partner at McKinsey & Company, bringing his experience in technology and financial services
• Paul Elflain appointed to new Head of DMI Sales role, brings over 25 years of experience in fintech and financial services, including most recently at Linedata

Moscow Exchange: Preliminary Parameters For Start Of Trading In Renaissance Insurance Group Ordinary Shares

Date 19/10/2021

Moscow Exchange announces preliminary Central Order Book T+ (TQBR) parameters to be applied to ordinary shares of Public Joint Stock Company Renaissance Insurance Group (registration number - 1-01-10601-Z dated 06.08.2018), in case the decision to start trading in the security is adopted. From 19 October 2021, the share is included in the Moscow Exchange Level 1 List (https://www.moex.com/n36919/?nt=101).

Archax Completes First Raise For Montis Digital, Using Primary Issuance Platform, Alongside DLA Piper In FCA Sandbox - UK Regulated Venue Tests Its Primary Rails Prior To Full Digital Platform Launch Later This Year

Date 19/10/2021

Archax, the only UK regulated and registered digital securities exchange, broker and custodian, today announced that it has completed the first fundraise on its Primary Issuance Platform working with DLA Piper. The oversubscribed round of $1.5m was conducted for its recently announced Montis Digital subsidiary, which is building blockchain-based market infrastructure for the post-trade ecosystem. The raise was completed in the context of a wider digitalisation and regulatory compliance project within the FCA’s Innovation Sandbox as part of their Cohort 6. This forms a key part of Archax’s drive to build regulated post-trade services that will fully support digital asset processing.

Chargebee And Worldline Partner On Subscription And Payment Management Integration To Help Merchants Improve Customer Engagement And Retention

Date 19/10/2021

• Two industry leaders team up to support growing demand for subscription-based business across Europe