News Centre

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.”

SIFMA Statement On Proposed Revisions To The Volcker Rule

Date 30/01/2020

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., president and CEO, on the newly proposed revisions to the Volcker Rule:

“The current definition of ‘covered fund’ remains significantly overbroad and unduly complex, and the exclusions from the definition are excessively narrow and difficult to implement. This unnecessarily restricts the ability of banking entities to facilitate capital formation in an efficient and safe and sound manner promoting U.S. economic growth and job creation by prohibiting or restricting their ability to provide asset management services, customer facilitation services and long-term debt and equity financing to U.S. businesses indirectly through fund structures, even though they are expressly permitted to do so directly.  We are reviewing the proposal with our members and look forward to offering our views during the comment period.”

FINRA Executive Vice President for Regulatory Policy And Legal Compliance Officer Tom Selman Announces Retirement

Date 30/01/2020

FINRA announced today that Tom Selman, Executive Vice President for Regulatory Policy and Legal Compliance Officer, is retiring after 24 years at the organization. 

CFTC Approves Two Proposed Rules At January 30 Open Meeting - Position Limits Proposal Advances After Long Delay

Date 30/01/2020

The Commodity Futures Trading Commission at its open meeting today approved a proposed rule on position limits for derivatives and a proposed rule amending certain Swap Execution Facilities (SEF) requirements and real-time reporting requirements.

Myths And Realities: Modernizing The Proxy Rules, SEC Commissioner Elad L. Roisman, Washington D.C., Jan. 30, 2020

Date 30/01/2020

I. Introduction

Thank you, Dean [Steven] Payne and David [Blass] for the kind introduction and for the concise summary of the recent SEC proposals to update the rules governing the solicitation of proxies and submission of shareholder proposals.  Thank you also to the Catholic University Columbus School of Law for hosting me and, in particular, to the students, who have come to hear me speak.  Before I dive in, I want to make clear that my remarks are my own and do not represent those of the Securities and Exchange Commission (“SEC”) or its other commissioners. 

Statement Of CFTC Commissioner Brian Quintenz In Support Of Proposed Rule: Amendments For Certain Swap Execution Facility Requirements And Real-Time Reporting Requirements

Date 30/01/2020

I support today’s proposal that seeks to resolve through rulemaking three issues currently addressed in staff no-action letters.  I believe this proposal is an important first step to provide market participants with much needed regulatory certainty while also promoting swap execution facility (SEF) participation, though regulatory certainty over additional current market practices is necessary as well.

US Department Of Justice: Last Defendant Convicted In Stanford International Bank $7 Billion Investment Fraud Scheme

Date 30/01/2020

The former chief of Antigua’s Financial Services Regulatory Commission (FSRC) has pleaded guilty for his role in connection with the Stanford International Bank (SIB) Ponzi scheme.