News Centre

Oslo Børs: Green Loan Wave Yielded Bond Record

Date 31/01/2020

Never before have so many new loans been listed on Oslo Børs during the month of January. Record inflows of green bonds have contributed to the record high activity.

OECD: International Community Renews Commitment To Multilateral Efforts To Address Tax Challenges From Digitalisation Of The Economy

Date 31/01/2020

The international community reaffirmed its commitment to reach a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and will continue working toward an agreement by the end of 2020, according to the Statement by the Inclusive Framework on BEPS released by the OECD today.

HKEX: Exchange Publishes Results Of Latest Review Of Issuers’ Annual Report Disclosure

Date 31/01/2020

• Disclosure in issuers’ annual reports was generally satisfactory
• Areas to note include business review in MD&A, financial statements with auditors’ modified opinions, material intangible assets and using non-GAAP financial measures
• Issuers should take note that the Rules have been amended to codify some recommended disclosure from our previous reports

UK Financial Conduct Authority: Information For Firms During The Brexit Implementation Period

Date 31/01/2020

On 31 January 2020 at 11pm the UK will leave the European Union (EU) and enter an implementation period, which is due to last until 31 December 2020. During the implementation period, EU law will continue to apply. Firms and funds will continue to benefit from passporting between the UK and EEA. Consumer rights and protections derived from EU law will also remain in place.

HKEX: Exchange Publishes Consultation Paper On Corporate WVR Beneficiaries

Date 31/01/2020

• Proposal builds on recent reforms to enhance global competitiveness and encourage the development of innovative businesses
• Several additional safeguards are proposed to ensure appropriate level of shareholder protection
• Market feedback sought during three-month consultation period

ESMA: Update On Governance And Reporting Obligations Following The UK’s Withdrawal From The European Union

Date 31/01/2020

New Tokyo Stock Exchange Infrastructure Funds Index To Be Launched

Date 31/01/2020

Tokyo Stock Exchange, Inc. (TSE) will start to calculate and publish a new index called "Tokyo Stock Exchange Infrastructure Funds Index" which is calculated based on all infrastructure funds listed on the TSE.

Tokyo Commodity Exchange: Periodic Review Of Top 10 Volume By Member

Date 31/01/2020

TOCOM publishes the “Top 10 Volume by Member” report, which contains information on the members holding 10 largest trade volumes, with the name of each member and the number of trade volume (the total of buy and sell transactions) for each commodity. When there are 10 or less members trading certain commodity, other than those belonging to the Agricultural Product & Sugar Market, all the names and trade volume of participating members in that commodity are to be disclosed, which might make it possible to speculate such members’ and their customers’ positions and trading patterns. As such, TOCOM will not publish the report regarding the following commodities from the clearing period of February 3, 2020.

SGX Welcomes Resources Global Development Limited To Catalist

Date 31/01/2020

Singapore Exchange (SGX) today welcomed Resources Global Development Limited to its Catalist under the stock code “QSD”.

ICYMI: CFTC Chairman Tarbert Discusses Position Limits On Bloomberg TV

Date 31/01/2020

Chairman Tarbert on the CFTC’s Proposed Rule on Position Limits for Derivatives

“Speculative position limits were something that Congress passed 10 years ago as part of the Dodd-Frank Act. And the goal essentially is to not allow people that are coming into our markets purely to speculate—they’re not hedging anything—to get positions above a certain threshold.  And the reason we’re putting these in place is to prevent things like corners and squeezes. But they were never meant to focus on anyone who’s actually hedging. Prior proposals … didn’t get that right. And so we have really focused on American agriculture, [and] the energy sector, to make sure if you’re going to these markets and you’re actually hedging risk, you can do so … We have had countless proposals, countless drafts, four actual proposals that were put before the Commission. We had only one that was finalized, and unfortunately that was struck down by the courts. So here we are—that was one issue … but the bigger issue in my opinion, and the one that Congress is most concerned about, is that previous proposals did not include the right hedging exemptions.”