News Centre

Instant Actions Launches Shareholder Identity Disclosure Service - Addressing Data Risks Created By SRD2

Date 18/09/2020

Instant Actions today announced that it has released a ready-to-implement solution to address the data risks created by the Shareholder Rights Directive II (SRD2).

CFFEX: Notice On Listing Of New Stock Index Futures And Stock Index Options Contracts

Date 18/09/2020

It is hereby announced that:

• The IF2011 CSI 300 stock index futures contract is scheduled to be listed on September 21, 2020 at the base price of 4715.4.
• The IC2011 CSI 500 stock index futures contract is scheduled to be listed on September 21, 2020 at the base price of 6411.8.
• The IH2011 SSE 50 stock index futures contract is scheduled to be listed on September 21, 2020 at the base price of 3334.6.
• The IO2109 series CSI 300 stock index options contracts are scheduled to be listed on September 21, 2020.

Bursa Malaysia Derivatives Re-Launches The 5-Year Malaysian Government Securities Futures Contract With A Revised Settlement Methodology To Facilitate Physical Delivery

Date 18/09/2020

Bursa Malaysia Derivatives (“BMD”) has successfully re-launched the 5-Year Malaysian Government Securities (“MGS”) Futures contract (FMG5) with a revised settlement methodology. The FMG5 Contract’s settlement, which was previously cash-settled, is now physically delivered. 

Press Conference By ASO Taro, Japan's Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services

Date 18/09/2020

[Questions and answers:]

Q.

The Japan Post Group announced the day before yesterday that it would begin operations aimed at resuming the sale of Kampo life insurance policies, from which it had been voluntarily refraining after certain fraudulent sales practices had come to light. The Group did not indicate a specific day for restarting sales, but it appears that priority will be given to apologizing to customers and restoring confidence. Please give us your opinions on Japan Post’s current situation.

A.

I do know that the Japan Post Group will be issuing apologies, handing down punishments and doing a variety of other things to make up for having inconvenienced customers of its insurance products and investment trusts, sales of which they had put on hold for a while. I believe they are now quickly and precisely carrying improvement plans, attending to disadvantaged customers and ensuring proper business operations. I think they have nearly finished dealing with their disadvantaged customers. However, because employee punishments will involve well over two thousand personnel, they have not yet finished with this. In any case, striving to restore confidence is most important, and we need to keep an eye on how this is going.

NZX Issue Of Ordinary Shares

Date 18/09/2020

This attached notice is given under NZX Listing Rule 3.13.1 and relates to the issue of ordinary shares in NZX Limited (NZX) under the NZX Dividend Reinvestment Plan.

Statement Of CFTC Commissioner Dan M. Berkovitz Regarding Part 190 Bankruptcy Regulations, Supplemental Proposal

Date 18/09/2020

The part 190 rulemaking supplemental notice of proposed rulemaking (Supplemental NPRM) addresses a potential unintended outcome of the original NPRM identified in a number of comments on the proposal.  These comments stated that certain provisions in the original proposed rule related to the bankruptcy of a derivatives clearing organization (DCO) could have significant, unintended and detrimental impacts on various market participants with contracts cleared at the DCO.  The Supplemental NPRM presents new, alternative provisions governing DCO bankruptcy that are intended to avoid these impacts.  In issuing the Supplemental NPRM, the Commission seeks public comment on these alternative provisions.  

Statement Of CFTC Commissioner Dan M. Berkovitz Regarding Registration With Alternative Compliance For Non-U.S. Derivatives Clearing Organizations

Date 18/09/2020

I support today’s final rule permitting derivatives clearing organizations (DCOs) organized outside of the United States (non-U.S. DCOs) to register with the Commission and provide clearing to U.S. customers, yet comply with certain DCO Core Principles through their home country regulatory regime.  This final rule maintains the Commission’s authority to protect U.S. customers and markets, while also recognizing the interests of foreign regulators in supervising DCOs located in their home jurisdictions.  It will foster U.S. market participants’ access to foreign clearing organizations while maintaining key customer protections.

Statement Of CFTC Commissioner Dawn D. Stump Regarding Registration With Alternative Compliance For Non-U.S. Derivatives Clearing Organizations

Date 18/09/2020

Throughout my tenure at the Commodity Futures Trading Commission (CFTC or Commission), I have discussed the benefits of shared goals, cooperation, and mutual recognition (often referred to as “deference”) among regulators.  In early 2019, I wrote an opinion piece in the Financial Times in which I appealed to our international regulatory partners to recommit to a coordinated approach in order to ensure that our alliance remains strong rather than fractured.   When the CFTC proposed this rulemaking last summer, I committed to advancing a coordinated approach to the regulation of global central counterparties (CCPs).  I expressed both my belief that the proposal we put forward was an important first step in that process, and my sincere hope that our international regulatory partners would also take the opportunity to reset and recognize that our shared interest in advancing derivatives clearing would be best achieved by respecting each jurisdiction’s successful implementation of the principles agreed to by the Group of 20 Nations (G-20) in 2009.

Statement Of CFTC Commissioner Rostin Behnam Regarding Registration with Alternative Compliance For Non-U.S. DCOs

Date 18/09/2020

I support today’s final rule permitting derivatives clearing organizations (DCOs) organized outside of the United States (non-U.S. DCOs) that the CFTC determines do not pose substantial risk to the U.S. financial system to register with the Commission and comply with the core principles applicable to DCOs (Core Principles) set forth in the Commodity Exchange Act (CEA) through compliance with their home country regulatory regime.  This registration category establishes a new model for regulatory deference aimed at reducing regulatory burdens and ongoing compliance costs for non-U.S. clearing organizations.

Statement Of CFTC Commissioner Dawn D. Stump Regarding Block Size Threshold In Final Rule: Amendments To Real-Time Public Reporting Requirements

Date 18/09/2020

I have often referenced the need for a review of policies as per the wishes of the G-20 Leaders’ Statement from the Pittsburgh Summit in 2009, which included an expectation that members would “assess regularly implementation and whether it is sufficient to improve transparency in the derivatives markets, mitigate systemic risk, and protect against market abuse.”[1]  Today, the Commission finds itself debating a challenging issue with a robust history.  In order to properly assess whether we are making the right choices, I prefer to consider where we have come from.  Luckily, the history of prior Commissions’ deliberations and transparency of regulatory rule-writing efforts affords us such an opportunity for a look back.