News Centre

HKEX Enhances Product Offering With JD Debut

Date 11/06/2020

• JD Futures and Options to be introduced on 18 June
• HKEX informed issuers they can list derivative warrants on JD shares when the shares debut on HKEX’s securities market
• JD shares to be included in Designated Securities Eligible for Short Selling on 18 June

UK Financial Conduct Authority: Open Access Regime For The Trading And Clearing Of Exchange-Traded Derivatives

Date 11/06/2020

From 4 July 2020 trading venues and central counterparties (CCPs) offering the trading and clearing of exchange-traded derivatives will be subject to the Markets in Financial Instruments Regulation (MiFIR) open access regime as set out in articles 35 and 36 of that Regulation. Under those provisions, trading venues and CCPs may only deny access where the operational risk and complexity arising from granting access would cause undue risk. The specific factors trading venues and CCPs should consider when evaluating access requests are set out in Commission Delegated Regulation 2017/587.

ESMA Renews Its Decision Requiring Net Short Position Holders To Report Positions Of 0.1% And Above

Date 11/06/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has renewed its decision to temporarily require the holders of net short positions in shares traded on a European Union (EU) regulated market to notify the relevant national competent authority (NCA) if the position exceeds 0.1% of the issued share capital.

Moscow Exchange: REPO Risk Parameters Change For The Security LSNG - Update 1

Date 11/06/2020

As per the Securities market risk parameters methodology, on 11.06.2020, 12-36 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -57.52 %), penalty rate and IR Risk Rate (up to -0.0425 rub) for the security LSNG were changed. New values are available here

UK Financial Conduct Authority Fines Lloyds Bank, Bank Of Scotland And The Mortgage Business 64,046,800 For Failures In Mortgage Arrears Handling

Date 11/06/2020

The Financial Conduct Authority (FCA) has today fined Lloyds Bank plc, Bank of Scotland plc and The Mortgage Business plc (the banks) 64,046,800 for failures in relation to their handling of mortgage customers in payment difficulties or arrears. The banks have estimated that they will have paid approximately 300 million in redress. The redress programme is nearly complete.

Torstone Technology Appoints David Pearson To Further Strengthen Product Focus

Date 11/06/2020

Torstone Technology, a leading global provider of post-trade securities and derivatives processing, today announced the appointment of David Pearson, who will be joining Torstone's product team. His extensive industry experience will help strengthen Torstone’s product focus and delivery.

Mastercard And Octet Europe Enable European Small Businesses To Thrive In The Global Economy - New Platform Enables Smes To Simplify How They Build A Trusted Value Chain, Conduct Secure Payments, Manage Cash Flows And Simplify Back Office Functions

Date 11/06/2020

Today, Mastercard and Octet Europe announce the launch of a new trade solution across the European Economic Area (EEA). The Mastercard Trade Solution powered by Octet Europe helps small and medium-sized enterprises (SMEs) grow their business by managing any business transaction in a safe, real time and more efficient way. Powered by Octet, the Mastercard Trade Solution facilitates domestic and cross border trade by enabling a trusted value chain, secure payments, management of cash flows and simplifying back office functions thereby supporting economies globally by powering the vital SME sector.

SGX To Share Global Fundraising Expertise With Ucommune’s Co-Working Community

Date 11/06/2020

Singapore Exchange (SGX) is partnering with Ucommune, China’s largest co-working community operator, to share its fundraising knowledge and insights with the community’s global members. The strategic partnership will allow SGX to support Ucommune’s members in understanding equity and debt capital raising as well as tapping international funding via Singapore’s capital markets.

Hong Kong's Securities And Futures Commission Publicly Censures Fu Kwan For Breach Of The Takeovers Code

Date 11/06/2020

The Securities and Futures Commission (SFC) has publicly censured Fu Kwan, the chairman of Macrolink Capital Holdings Limited, for acquiring the company’s shares within six months after the close of an offer at prices above the offer price in breach of Rule 31.3 of the Code on Takeovers and Mergers (Takeovers Code).

The World Federation Of Exchanges Issues Industry Guidance On Non-Default Losses

Date 11/06/2020

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, is today setting out how CCPs ensure that certain non-credit losses that might rarely occur in relation to central clearing are allocated in a transparent, predictable and equitable manner.