News Centre

Shenzhen Stock Exchange Takes Practical Measures To Support Hubei Province In Recovery And High-Quality Development

Date 15/12/2020

With the strong support of Hubei Provincial Party Committee and Hubei Provincial People’s Government, Shenzhen Stock Exchange (SZSE) held the “2020 Hubei Capital Market Service Week” from December 7 to 11, together with Hubei Provincial Local Financial Supervision Administration, China Securities Regulatory Commission (the CSRC) Hubei Bureau and Xiangyang Municipal People’s Government. The activity is a specific move of SZSE to implement the decisions and arrangements of the Party Central Committee and the State Council on supporting the economic and social development of Hubei Province and to bring in financial resources to help Hubei recover from the pandemic. It also is a practice of various parties to put into practice the Opinions of the State Council for Further Improving the Quality of Listed Companies in a bid to drive the high-level economic development of Hubei Province by improving the quality and efficiency of listed companies. Deputy Secretary of the Party Committee and President & CEO of SZSE Sha Yan and over 700 representatives from government agencies, enterprises and financial institutions attended the activity.

Press Conference By ASO Taro, Japan Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services - December 1, 2020, Tokyo Stock Exchange Outage

Date 15/12/2020

(Excerpt)

(Tuesday, December １, 2020, ９:40 am to ９:45 am)

[Questions and answers:]

Q.

The Financial Services Agency issued a business improvement order to JPX and the Tokyo Stock Exchange (TSE) yesterday, and the focus now will likely be on whether the TSE can thoroughly implement measures to prevent recurrences. Could you please let us hear your thoughts on whether the TSE will be able to do so and whether these measures will prove to be effective?

Shenzhen Stock Exchange Launches The Column Of “Service Guides” To Advance “Institutionalized, Standardized, Process-Based And Electronic” Regulation

Date 15/12/2020

Recently, SZSE launched “Service Guides” under the second-tier column “Rules – Self-Disciplinary Regulation and Market Services” on the official website, releasing 29 service guides frequently used by market entities. This marks another phased achievement of SZSE in advancing the “institutionalized, standardized, process-based and electronic” regulation and improving the transparency and standardization of regulatory services following the release of the List of Self-disciplinary Regulation Matters and the List of Market Service Matters in accordance with the plans and requirements of the China Securities Regulatory Commission.

ASIC Highlights Focus Areas For 31 December 2020 Financial Reports Under COVID-19 Conditions

Date 15/12/2020

ASIC has highlighted key focus areas for financial reporting by companies for years ending 31 December 2020.

As the impact of COVID-19 continues, the areas identified remain  similar to those at 30 June 2020 and are complemented by guidance provided in frequently asked questions on the ASIC website.

Upholding Top-Level Two-Way Opening Up And Promoting Cooperation And Mutual Benefits - Shenzhen Stock Exchange Carries Out Cross-Border Promotion Activities For “SZSE Multiple Assets Investment Opportunities

Date 15/12/2020

On December 11, Shenzhen Stock Exchange (SZSE) held cross-border promotion activities for “SZSE multiple assets investment opportunities”. To comply with requirements of pandemic prevention and control, the activity was held in the way of combining the roadshow and online interaction, in which representatives of listed companies and more than 50 domestic and overseas institutions were invited to discuss about international cooperation opportunities, reach consensus on cooperation and advance mutual benefits and development.

Statement Of Dissent From The Commission’s Order Approving The Financial Industry Regulatory Authority’s Proposed Rule Change, As Modified By Amendment No. 1, To Address Brokers With A Significant History Of Misconduct, SEC Commissioner Hester M. Peirce, Dec. 14, 2020

Date 14/12/2020

Last week, the Commission approved a Financial Industry Regulatory Authority (FINRA) rule filing that is designed to address risks to investors presented by member firms and brokers that have a history of misconduct. FINRA notes research suggesting that some firms have a practice of hiring brokers who have a history of misconduct and that these brokers show a tendency to engage in higher levels of misconduct. FINRA also cites studies that suggest that a history of misconduct or other regulatory events may predict that a firm or broker is likely to engage in similar conduct in the future. The rule filing that the Commission approved contains several provisions that will provide FINRA with additional tools to mitigate these risks.

CFTC: Federal Court Orders Interdealer Broker To Pay $7 Million For Deceptive Trading Practices In The FX Options Markets - Former CEO And Desk Head Ordered To Pay $500,000 Each For Supervision Failures

Date 14/12/2020

The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of New York entered a consent order against defendants TFS-ICAP LLC and TFS-ICAP Ltd., interdealer brokers located in New York and London, requiring them to pay a $7 million civil monetary penalty for representing to clients bids and offers that had not been made, and for communicating to clients trades that had not occurred. In the order, TFS-ICAP admits that its employees engaged in the misconduct, known as “flying” prices and “printing” trades, that violated the Commodity Exchange Act (CEA), as charged. 

Desjardins Group Personal Data Leak - Autorité Des Marchés Financiers Orders The Federation To Comply With Its Sound And Prudent Management Obligation

Date 14/12/2020

The Autorité des marchés financiers (the “AMF”) has ordered the Fédération des caisses Desjardins du Québec (the “Federation”) to put in place a series of corrective measures and robust internal controls to effectively mitigate the risk of operational incidents, including those related to privacy, and to comply with its legal obligation to apply sound and prudent management practices.

SEC Awards More Than $300,000 To Whistleblower With Audit Responsibilities

Date 14/12/2020

The Securities and Exchange Commission today announced an award of more than $300,000 to a whistleblower whose high-quality information and continuing assistance significantly contributed to a successful enforcement action.

MIAX Options Exchange - SPIKES Special Settlement Auction Settlement Reference Price Opening Width And Valid And Priority Quote Width Tables Used In The December 16, 2020 SPIKES Special Settlement Auction

Date 14/12/2020

Due to sustained market volatility, MIAX Options will continue to use the Settlement Reference Price Opening Width and Valid and Priority Quote Width tables detailed in MIAX Options Regulatory Circular 2020-11 for opening the SPY January 15, 2021 options used in the December 16, 2020 SPIKES Special Settlement Auction.