News Centre

Securities Commission Malaysia Amends Capital Market Laws To Widen Categories Of Sophisticated Investors, Exemption For SC’s Approval On Corporate Proposals

Date 01/07/2021

The Securities Commission Malaysia (SC) today announced several amendments to the Capital Markets and Services Act 2007 (CMSA), which come into force on 1 July 2021. 

Tokyo Financial Exchange: Trading Volume In Jun 2021

Date 01/07/2021

(1) FX Daily Futures contracts(Click 365)

The total trading volume of FX Daily Futures contracts (Click 365) was 2,119,854 ( +11.6% MoM / -21.0% YoY ) and its average daily trading volume was 96,355 . 

Shenzhen Stock Exchange Adjusts Downward The Handling Fee Of Fund Transactions To Support The Development Of The Fund Market

Date 01/07/2021

Shenzhen Stock Exchange (“SZSE”) recently released a Notice on Adjusting Downward the Standard for Handling Fee of Fund Transactions. According to the Notice, from 19 July 2021 on, the handling fee of fund transactions on SZSE will be lowered from 0.00487% of the transaction amount to 0.004% of the transaction amount, which will be charged for both fund purchase and selling. Fund block trade will be charged 50% of the adjusted standard for a handling fee from both the buyer and seller.

Japan Exchange Group: Status Of Acquisition Of Own Shares

Date 01/07/2021

Japan Exchange Group, Inc. hereby announces the status of matters regarding acquisition of own shares pursuant to the provisions of its Articles of Incorporation and Article 459, Paragraph 1 of the Companies Act, which was resolved at its Board of Directors meeting held on April 28, 2021, as follows.

Regulator’s Column: What SGX RegCo Expects Of Nomination Committees When Directors Join Or Resign

Date 01/07/2021

Directors of the board of a listed issuer, especially that of independent directors, play a crucial role in the proper governance and commercial success of the company.

ASIC Consults On Remaking Class Order Regarding When Debentures Can Be Called Secured Notes

Date 01/07/2021

ASIC has today released a consultation paper proposing to remake its class order relating to how debentures may be described. The class order is due to expire ('sunset') on 1 April 2022.

Montréal Exchange's Markets Closed July 1, 2021

Date 01/07/2021

The Exchange's markets are closed today, July 1, 2021.

FINRA Orders Record Financial Penalties Against Robinhood Financial LLC - Firm Ordered To Pay Approximately $70 Million For Systemic Supervisory Failures And Significant Harm Suffered By Millions Of Customers

Date 30/06/2021

FINRA announced today that it has fined Robinhood Financial LLC $57 million and ordered the firm to pay approximately $12.6 million in restitution, plus interest, to thousands of harmed customers. The sanctions represent the largest financial penalty ever ordered by FINRA and reflect the scope and seriousness of the violations. In determining the appropriate sanctions, FINRA considered the widespread and significant harm suffered by customers, including millions of customers who received false or misleading information from the firm, millions of customers affected by the firm’s systems outages in March 2020, and thousands of customers the firm approved to trade options even when it was not appropriate for the customers to do so.

Cboe Global Markets Completes Acquisition Of Chi-X Asia Pacific

Date 30/06/2021

• Transaction is another step in Cboe's strategy to build one of the world's largest global derivatives and securities trading networks 
• With a presence in Asia Pacific, Cboe expects to expand its global equities and market data businesses, broaden distribution of its proprietary products, as well as bring other new trading solutions and services to the region
• Chi-X Asia Pacific planned to be fully integrated into Cboe's existing global business operations and technology platforms

FINRA Launches Educational Initiative Aimed at Newer Investors FINRA And FINRA Foundation Issue Special Notice Soliciting Comment On Ways To Reach And Educate Novice Investors

Date 30/06/2021

FINRA today announced it has launched a multi-year, multi-faceted $30 million initiative to explore innovative ways to reach and educate investors, especially new, self-directed retail investors who conduct transactions through online accounts or using mobile apps.