Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

News Centre

  • Shanghai Stock Exchange Issues Business Guide No.1 For Corporate Bond Duration - Rules For Corporate Bond Holders' Meetings (Reference Text)

    Date 09/12/2020

    On November 27, 2020, the Shanghai Stock Exchange (SSE) issued the Business Guide No. 1 of Shanghai Stock Exchange for Corporate Bond Duration - Rules for Corporate Bond Holders' Meetings (Reference Text) (the "Reference Text" for short). The holders' meeting system is the core mechanism established by the Securities Law for the protection of investors' rights and interests in the bond market. The Minutes of the National Courts Symposium on the Trial of Bond Disputes (the "Minutes" for short) issued in July this year has further strengthened the judicial protection of this system. In this context, focusing on solving problems, the SSE has organized market institutions to study and formulate the Reference Text with focus on the issues that the market is concerned about, such as the vague decision-making scope and authority of the meeting, insufficient effectiveness of resolutions and lack of procedural flexibility. The implementation of the Reference Text will help further regulate the operation of the holders' meeting mechanism, give full play to the role of the holders' meetings as a platform for discussions, make the protection of bond investors' rights and interests more effective and propel the transformation and upgrading of the duration management mechanism for the bond market.

  • CFTC Approves Two Final Rules At December 8 Open Meeting - Commission Adopts First Overhaul Of Bankruptcy Rules In 37 Years

    Date 08/12/2020

    The Commodity Futures Trading Commission at its open meeting today approved the following final rules:

    Final Rule: Electronic Trading Risk Principles

    The Commission approved amendments to CFTC Regulation Part 38 to address the potential risk of a designated contract market’s (DCM) trading platform experiencing a market disruption or system anomaly due to electronic trading. The final rules set forth three principles applicable to DCMs concerning:

    1. CFTC Unanimously Approves Technical Amendments To Reflect Organizational Changes

      Date 08/12/2020

      In advance of today’s open meeting, the Commodity Futures Trading Commission today unanimously approved a final rule making technical amendments to CFTC regulations to align with recent organizational changes, remove superfluous verbiage, and correct inaccurate text and typographical errors. The amendments also ensure consistency of Commission addresses. 

    2. SIFMA Economic Roundtable Expects GDP Growth To Recover Fully By End Of 2021 At +3.5%

      Date 08/12/2020

      Today, SIFMA unveiled the results of its biannual survey of the chief U.S. economists of 27 global and regional financial institutions. Earlier this year the world changed almost overnight, with the U.S. economy taking the sharpest drop into recession on record. Yet, as we head into the end of the year of COVID only forecasts, there are clear, statistical signs of economic recovery.

    3. CFTC Unanimously Approves Final Rules Related To SEFs And Withdraws Unadopted Proposals

      Date 08/12/2020

      The Commodity Futures Trading Commission announced that it has approved two final rules related to SEFs, and withdrawn proposals that were not adopted. The Commission approved these items in advance of today’s Open Meeting.