News Centre

UK Financial Conduct Authority And Payment Systems Regulator Publish Updated Evidence On Cash Access

Date 23/07/2021

The FCA and Payment Systems Regulator (PSR) have published an updated assessment of the UK’s access to cash infrastructure, taking into account the impact of coronavirus (Covid-19), alongside new research on consumers who rely on cash.

INE Releases A Notice On Requesting Public Comments On The Administration Of Abnormal Trading Behaviors Rules Of Shanghai International Energy Exchange, And Other Implement Rules Of The Shanghai International Energy Exchange

Date 23/07/2021

Shanghai International Energy Exchange (INE) releases a notice on requesting public comments on the Administration of Abnormal Trading Behaviors Rules of Shanghai International Energy Exchange, and other implement Rules of the Shanghai International Energy Exchange, as shown below:

SIX Reports Solid Set Of Results For First Half Of 2021

Date 23/07/2021

• In the first six months of the year, SIX generated operating income of CHF 745.8 million (+19.5%), and earnings before interest, tax, depreciation and amortization (EBITDA) amounting to CHF 226.1 million (+49.2%)
• Earnings before interest and tax (EBIT) came to CHF 153.8 million
• Group net profit amounted to CHF 108.2 million
• The contribution from BME in 2021 is reflected in full in the income statement

London Blockchain Firm SETL Details Bold Approach To Regulating Blockchain

Date 23/07/2021

SETL, the London based blockchain company,  today published a whitepaper on how to “Realise the Regulated Internet of Value” based on a multi-asset approach to tokenisation. The paper takes on the thesis that tokenisation provides a path to a more generic way of owning and trading regulated liabilities, such as shares and bonds; maps the details of how this might work; and offers practical steps to bring together regulated DLT and unregulated public blockchains.

Shanghai Stock Exchange Briefs Disciplinary Action In 1st Half Of 2021

Date 23/07/2021

Year 2021, the first year of the "14th Five-year Plan", presents an opportunity for the capital market to march towards high-quality development. The Shanghai Stock Exchange (SSE) will earnestly implement the principle of "setting up the system with no intervention and zero tolerance" by targeting at the quality improvement of listed companies and the further implementation of the requirements of timeliness and accurate supervision through disciplinary action. In addition, the SSE is committed to protecting the comprehensive and in-depth reform and the sound and steady development of the capital market. To achieve the end, it will exert prompt and effective punishment on all kinds of violations, standardize corporate governance, and maintain the information disclosure order in a bid to purify the market ecology.

A Subsidiary Of BI Group Has Successfully Placed KZT 6.3bn Bond On AIX

Date 23/07/2021

Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that “Megastroy Ltd” LLP (“Megastroy”), a subsidiary of one of the largest developers in Kazakhstan, BI Group, placed the first Tranche under the 20 bn KZT Bond Programme in the amount of KZT6.3 bn. The Bond is due in 2022 and bears a 15.5% p.a. coupon. Jusan Invest JSC acted as a sole lead manager of the placement.

SGX Expands Reach Into FX OTC With Acquisition Of MaxxTrader

Date 23/07/2021

• US$125 million acquisition further strengthens FX as a core pillar of growth under SGX’s multi-asset strategy
• Together with wholly-owned subsidiary, BidFX, the acquisition paves the way for SGX to build an integrated and scalable FX platform that will become Asia’s largest one-stop venue for international FX OTC and futures participants

ASIC Publishes Cost Recovery Implementation Statement 2020-21 For feedback

Date 23/07/2021

ASIC today published its draft Cost Recovery Implementation Statement (CRIS) for 2020-21. The CRIS outlines ASIC’s estimated regulatory costs for 2020-21 and how these will be recovered as industry levies under the industry funding model.

Shanghai Stock Exchange Issues Guidelines For Review Rules Of Transfer Listing

Date 23/07/2021

To ensure the steady implementation of the transfer listing system and support qualified NEEQ (National Equities Exchange and Quotations) Select-listed companies to list on the SSE STAR Market, the Shanghai Stock Exchange (SSE), under the guidance of the China Securities Regulatory Commission (CSRC), releases the SSE Guidelines No. 3 for Application of Review Rules of Issuance and Listing on SSE STAR Market -- Application Documents for Transfer Listing (the Guidelines No. 3 for short), the SSE Guidelines No. 4 for Application of Review Rules of Issuance and Listing on SSE STAR Market -- Contents and Format of Transfer Listing Report (the Guidelines No. 4 for short), and the SSE Guidelines No. 5 for Application of Review Rules of Issuance and Listing on SSE STAR Market -- Sponsorship Letter for Transfer Listing (the Guidelines No. 5 for short).

Nadex Temporarily Amends Binary Contracts Strike Width

Date 23/07/2021

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or deceased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of July 19, 2021 as indicated in the Weekly Notice.