News Centre

Dalian Commodity Exchange Solicits Public Opinions On Amendments To The Rules On Introducing Overseas Traders Into RBD Palm Olein Futures

Date 23/10/2020

On October 22, DCE issued an announcement, soliciting opinions from the market on amendments and amended rules on introducing overseas traders into the RBD palm olein futures. The amendments, made to meet the business needs of the endeavor, aim to provide clear rules for overseas traders to participate in RBD palm olein futures trading and delivery, and further offer institutional guarantee for overseas traders engaging in RBD palm olein futures market. The move means a new international product will be added to China’s futures market.

NZX Revenue & Shareholder Metrics - Q3 2020

Date 23/10/2020

Please see attached NZX Revenue & Shareholder Metrics and NZX Regulation Metrics for Q3 2020.

Welcome Remarks By Datuk Syed Zaid Albar, Chairman, Securities Commission Malaysia, Virtual InvestSmart® Fest 2020 (Virtual ISF 2020), 23 October 2020

Date 23/10/2020

Salam Sejahtera, Ladies and Gentlemen

Good morning and welcome to Virtual InvestSmart® Fest 2020.

It is my pleasure to welcome all of you to the seventh instalment of the InvestSmart® Fest, and for the first time it is held virtually... over the next 3 days. I hope the virtual event this year will provide the opportunity… for more Malaysians, from near and far, to be able to participate in this event. And I am told that 40% of the registrants for this year’s InvestSmart Fest are in fact from outside the Klang valley.

ASIC Product Intervention Order Strengthens CFD Protections

Date 22/10/2020

ASIC has made a product intervention order imposing conditions on the issue and distribution of contracts for difference (CFDs) to retail clients.

US Acting Assistant Attorney General Brian C. Rabbitt Delivers Remarks Announcing Goldman Sachs/1mdb Enforcement Actions, Washington, DC ~ Thursday, October 22, 2020

Date 22/10/2020

Good Afternoon.  I am Brian Rabbitt, Acting Assistant Attorney General for the Department of Justice’s Criminal Division.  I am joined today by Acting U.S. Attorney Seth DuCharme of the Eastern District of New York, Assistant Director in Charge Bill Sweeney of the FBI, Stephanie Avakian, Director of the Enforcement Division at the Securities and Exchange Commission, and Assistant General Counsel for Enforcement Jason Gonzalez of the Federal Reserve Board.  We are here today to announce enforcement actions of historic significance.

ISDA - Transition To RFRs Review: Third Quarter Of 2020 And Year-To-September 30, 2020

Date 22/10/2020

The Transition to Risk-free Rates (RFRs) Review analyzes the trading volumes of over-the-counter (OTC) and exchange-traded interest rate derivatives (IRD) that reference the selected alternative RFRs, including the Secured Overnight Financing Rate (SOFR), the Sterling Overnight Index Average (SONIA), the Swiss Average Rate Overnight, the Tokyo Overnight Average Rate, the Euro Short-Term Rate and the Australian Overnight Index Average.

Joint Statement On UK-U.S. Financial Regulatory Working Group Meeting

Date 22/10/2020

UK and U.S. participants held the third meeting of the UK-U.S. Financial Regulatory Working Group (Working Group) virtually on October 20, 2020.  The Working Group was formed in 2018 to deepen bilateral regulatory cooperation with a view to the further promotion of financial stability; investor protection; fair, orderly, and efficient markets; and capital formation in both jurisdictions.  This Working Group meeting was the first since the United Kingdom left the European Union.  Cooperation between the UK and United States continues to be important, particularly in light of COVID-19 and the UK’s withdrawal from the European Union. 

Moscow Exchange: Risk Parameters Change For The Security INTC-RM

Date 22/10/2020

As per the Securities market risk parameters methodology, on 22.10.2020, 23-28 (MSK) the lower bound of the price band (up to 3658) and initial margins (up to 17.5 %) for the security INTC-RM were changed. New values are available here

Supporting Statement Of CFTC Commissioner Dan M. Berkovitz On Margin Requirements For Security Futures, Final Rule

Date 22/10/2020

I support today’s final rule on customer margin requirements for security futures (Final Rule), issued jointly with the Securities and Exchange Commission (SEC).  The Final Rule ensures that margin requirements for unhedged security futures will be consistent regardless of the type of customer account in which they are held.  The Final Rule presents no new risks to the financial system, and is an overdue effort to align margin requirements for security futures.

Statement Of CFTC Commissioner Dawn D. Stump Regarding Joint Final Rule: Customer Margin Rules Relating To Security Futures

Date 22/10/2020

I am pleased to be a part of today’s Joint Open Meeting of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).  I commend:

• Chairmen Tarbert and Clayton for holding this Meeting to provide transparency into our work in jointly addressing issues of mutual interest to both our agencies;
• Commissioner Quintenz at the CFTC and Commissioner Peirce at the SEC for laying the groundwork for this Joint Meeting through their efforts to harmonize the regulatory regimes of the agencies, as these harmonization efforts benefit not only those we regulate, but also the public we all serve; and
• The staff of the agencies for putting before us a Joint Final Rule that will lower the margin level for an unhedged security futures position from 20% to 15%, which I firmly believe is sound public policy.