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BOX Exchange Reminder: SOLA® Protocol Version Decommissioning

Date 27/10/2020

BOX Exchange (“BOX”) previously distributed IC-2020-12 to announce the decommissioning of certain SOLA® protocol versions in Q3 2020.

Office Of The Comptroller Of The Currency Issues True Lender Rule

Date 27/10/2020

The Office of the Comptroller of the Currency (OCC) today issued a rule that determines when a national bank or federal savings association (bank) makes a loan and is the “true lender,” including in the context of a partnership between a bank and a third party.

Fiserv Reports Third Quarter 2020 Results

Date 27/10/2020

• GAAP revenue growth of 21% in the quarter and 79% year to date;
• GAAP EPS increase of 18% in the quarter and decrease of 31% year to date;
• Internal revenue growth of 3% in the quarter and flat year to date;
• Adjusted EPS increase of 19% in the quarter and 11% year to date;
• Operating cash flow of $1.04 billion in the quarter and is up 83% to $2.96 billion year to date;
• Free cash flow of $939 million in the quarter and is up 13% to $2.59 billion year to date;
• Company raises full year 2020 adjusted EPS growth outlook to at least 11%

SEC Division Of Corporation Finance Director Bill Hinman Announces Intention To Conclude His Tenure Later This Year

Date 27/10/2020

The Securities and Exchange Commission today announced that William H. Hinman, Director of the SEC’s Division of Corporation Finance, plans to leave the SEC later this year.

ESMA Adds UK Venues To Opinions On Third-Country Trading Venues

Date 27/10/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated the list of third-country venues (TCTV) in the context of the opinions on post-trade transparency and position limits under MiFID II and MiFIR.

Statement On Tenure Of William Hinman As Director Of The Division Of Corporation Finance, SEC Chairman Jay Clayton, Oct. 27, 2020

Date 27/10/2020

Today, Bill Hinman announced his intention to conclude his tenure at the Commission. Bill’s contributions to the Division of Corporation Finance and the Commission more broadly are remarkable in their breadth and substance. During his tenure, the Division has moved forward nearly fifty proposed or final rules, concept releases or interpretive releases, each intended to improve our time-tested regulatory framework for the benefit of investors and our capital markets more generally.

ESMA Updates Statement To Address Credit Ratings From The United Kingdom

Date 27/10/2020

Today ESMA, the EU’s securities markets regulator, has published an update to its March 2019 statement on the endorsement of credit ratings from the United Kingdom.

Moscow Exchange: Risk Parameters For New Bonds

Date 27/10/2020

New bonds will be accepted to margin trading starting from 28.10.2020. From this date on, the following risk parameters will be applied:

ACER Approves Principles For Sharing Costs Of Ensuring Firmness And Remuneration Of Long-Term Transmission Rights

Date 27/10/2020

The European Union Agency for the Cooperation of Energy Regulators (ACER) publishes a Decision on the principles for sharing the costs of ensuring firmness and remuneration of long-term transmission rights (LTTRs).

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Bank Of England: Minutes Of The Artificial Intelligence Public-Private Forum - 12 October 2020

Date 27/10/2020

Together with the FCA, the Bank of England recently launched the Artificial Intelligence Public-Private Forum, helping us to better understand the impact of AI on financial services.