News Centre

HKEX Welcomes First Listing Of Commodity L&I Product In Hong Kong Market

Date 05/06/2020

• First commodity L&I Product listed in Hong Kong
• Complements HKEX’s existing gold ETFs and further enriches product diversity

Singapore Exchange Shares Drop Most Since 2003 On end Of MSCI Licence - FTSE Mondo Visione Exchanges Index Up By 6.7% In May

Date 04/06/2020

The stock price of the Singapore Exchange plunged on Wednesday 27th May after MSCI announced that it had signed a licensing agreement with Hong Kong Futures Exchange, a subsidiary of Hong Kong Exchanges and Clearing, to introduce 37 futures and options contracts. MSCI also announced that it intended to continue to license the MSCI Singapore Index to the Singapore Exchange for a listed futures contract, in addition to allowing HKEX to list a contract on the index. The license to SGX for all other MSCI indexes will expire in early 2021. Singapore Exchange shares fell 7% on 28th May, extending the previous day's 11.6% slump - the biggest in over 16 years.

New Zealand Financial Markets Authority Files Court Proceedings Against ANZ For False And Misleading Representations Over Credit Card Insurance Charges

Date 04/06/2020

The Financial Markets Authority (FMA) has filed High Court proceedings against ANZ Bank New Zealand (ANZ), alleging the bank charged some customers for credit card repayment insurance (CCRI) policies that offered those customers no cover.

SIFMA Strongly Opposes Allowing SROs To Bulk Download CAT Data - Raises PII Concerns

Date 04/06/2020

In a comment letter filed today with the Securities and Exchange Commission (SEC) on improving the data security requirements in the Consolidated Audit Trail (CAT) NMS Plan, SIFMA emphasized its concerns with the security of the CAT, particularly with regard to the ability of self-regulatory organizations (SROs) to bulk download CAT Data.  SIFMA also notes that heightened firm involvement is critical.  Given the vast experience firms have in handling and protecting sensitive customer data, allowing them increased input could significantly help bolster the overall security of CAT Data.

CSA Expands IIROC's Role As Information Processor For Debt Securities

Date 04/06/2020

The Investment Industry Regulatory Organization of Canada (IIROC) today welcomed the Canadian Securities Administrators’ (CSA) decision to expand IIROC’s role as Information Processor (IP) of government debt securities, in addition to its current role as IP for corporate debt securities.

Insurance Company Settles SEC Charges For Failing To Disclose Executive Perks - Perks Were Four Times Higher Than Disclosed

Date 04/06/2020

The Securities and Exchange Commission today announced settled charges against Bermuda-based insurance company Argo Group International Holdings, Ltd. for failing to fully disclose perquisites and benefits provided to its former chief executive officer.

Deutsche Börse: Deutsche Wohnen SE To Be Included In DAX - Deutsche Lufthansa AG Moves Into MDAX - Changes Will Become Effective On 22 June

Date 04/06/2020

Canadian Securities Regulators Reinforce Disclosure Expectations For Mining Issuers’ Mineral Resource Estimates

Date 04/06/2020

The Canadian Securities Administrators (CSA) today published a notice that summarizes the results of a review on the mineral resource estimates disclosed in mining issuers’ technical reports. The notice explains how regulators assess mineral resource estimates and provides guidance to assist issuers on addressing common deficiencies.

FINRA Orders Merrill Lynch, Pierce, Fenner & Smith Inc. To Pay $7.2 Million In Restitution To Customers Overcharged For Mutual Funds

Date 04/06/2020

FINRA announced today that it has ordered Merrill Lynch, Pierce, Fenner & Smith Inc. to pay more than $7.2 million in restitution and interest to customers who incurred unnecessary sales charges and paid excess fees in connection with mutual fund transactions. The firm did not have supervisory systems and procedures reasonably designed to ensure that these customers, who collectively held more than 13,000 Merrill Lynch accounts, received available sales charge waivers and fee rebates.

Canadian Securities Regulators Implement Mandatory Transparency Of Debt Markets

Date 04/06/2020

The Canadian Securities Administrators (CSA) today finalized mandatory post-trade transparency requirements for government debt securities and expanded transparency requirements for corporate debt securities. With these changes, information about trades in corporate and government debt securities will be publicly available and disseminated by the Investment Industry Regulatory Organization of Canada (IIROC), the information processor (IP).