News Centre

What Kind Of Market Do We Want To Be? Speech By Nikhil Rathi, UK Financial Conduct Authority Chief Executive At TheCityUK’s Annual Conference 2025

Date 26/06/2025

Highlights

• The UK financial services sector has real strengths and huge potential to grow further, but to stay ahead, we need collective confidence and action.
• Enduring progress depends on building consensus and coherence in our approach to risk. Timely data is essential to give regulators the visibility needed to support decisions and safeguard markets.
• Market integrity remains the foundation of long-term competitiveness. The FCA will continue to maintain the high standards which inspire confidence in the UK market.

Nasdaq Dubai Admits USD 1.2 Billion Sukuk Listing By Islamic Development Bank

Date 26/06/2025

Nasdaq Dubai today welcomed the listing of USD 1.2 billion Sukuk by the Islamic Development Bank (IsDB), a multilateral development bank.

KDPW And StaBillon Become Partners In The CSDonDLT Project

Date 26/06/2025

KDPW has signed a cooperation agreement with StaBillon (majority owned by Billon Group Ltd) which will be the provider of universal digital Polish Zloty in the CSDonDLT project enabling the settlement of OTC transactions using blockchain. The integration of digital money with the post-trade infrastructure will enable the settlement of securities transactions on a delivery-versus-payment (DvP) basis, bringing them closer to full atomicity of securities exchange for cash where the transfer of assets and payments takes place simultaneously and irrevocably.

Changes In The Madrid Stock Exchange General Index For The Second Half Of 2025

Date 26/06/2025

• The index will be composed of 110 stocks after the additions of HBX Group and Prisa and the exclusion of Corporación Financiera Alba, Lar España and Urbas.

BPX Authorised To Operate UK Regulated Marketplace For Traditional And Tokenised Securities

Date 26/06/2025

BPX is pleased to announce that it is authorised by the Financial Conduct Authority (FCA) to operate as a Multilateral Trading Facility (MTF), Alternative Investment Fund Manager (AIFM), Cryptoasset Exchange and Custodian Wallet Provider.

Nasdaq And QCP Set New Standard Of Capital Efficiency By Connecting Canton Network To Nasdaq Calypso - Use Case Demonstrates The Ability To Enhance Institutional Risk Management By Integrating On-Chain Capabilities

Date 26/06/2025

Nasdaq (Nasdaq: NDAQ) today announced it has facilitated end-to-end margin and collateral workflows on the Canton Network, connecting the blockchain-based technology to Nasdaq Calypso. The use case was developed in partnership with QCP, Primrose Capital Management and Digital Asset, to demonstrate that the integration of on-chain capabilities alongside existing institutional workflows enhances collateral mobility across all asset classes for institutional market participants.

Hong Kong Securities And Futures Commission And Hong Kong Monetary Authority Conclude Annual Update To Financial Services Providers List Under OTC Derivatives Regulatory Regime

Date 26/06/2025

The Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) today issued joint consultation conclusions on the annual update to the list of Financial Services Providers (FSP List) (Note 1) under the over-the-counter (OTC) derivatives clearing regime.

Finalisation Of Japan’s Stewardship Code (Third Revision)

Date 26/06/2025

1. Revised Stewardship Code and the result of the public consultation

The Expert Panel on the Stewardship Code (hereafter, the “Panel”) (Chairman: Hiroyuki Kansaku, Professor, Gakushuin University, Faculty of Law), discussed to review the “Principles for Responsible Institutional Investors ≪Japan’s Stewardship Code≫” (hereafter, the “Code”) starting from October 2024.

Shanghai Gold Exchange Launches Hong Kong Certified Vault

Date 26/06/2025

In order to fulfill the "Action Plan for Further Facilitating Cross-Border Financial Services in Shanghai International Financial Center," on June 26, 2025, Shanghai Gold Exchange officially launched the International Board certified vault in Hong Kong, and also launched gold trading contracts for delivery in Hong Kong. On the first day, multiple domestic and foreign institutions successfully completed transactions.

Hong Kong Securities And Futures Commission: Court Sets Out Buy-Out Offer Details For Sound Global’s Former Chairman To Purchase Shares From Minority Shareholders

Date 26/06/2025

The Court of First Instance has determined the buy-out offer details for former chairman and executive director of Sound Global Ltd. (Sound Global), Mr Wen Yibo, to purchase shares in the company held by minority shareholders. The court decision came after Wen was found to have orchestrated a scheme to falsify Sound Global’s bank balances and fabricate bank statements and balance confirmations.