News Centre

Shenzhen Stock Exchange Market Bulletin, March 23-27, 2020 (Issue 6)

Date 30/03/2020

The weekly information feed focuses on reforms and opening-up events in China’s capital market. The SZSE International Services Team will as always stand ready to respond to inquiries about market cooperation and access by international investors. We hope to have your continuous support to help us improve our services.

UAE Securities And Commodities Authority Develops Mechanism To Facilitate Share Buybacks For Listed Companies

Date 30/03/2020

“The measures approved by SCA provide support and flexibility to domestic securities markets and promote investor confidence,” H.E. Sultan Al Mansoori The Securities and Commodities Authority (SCA) stressed, in a statement, that it has introduced exemptions for public joint-stock companies wanting to buy back their shares.

The World Federation Of Exchanges Warns Against Short-Selling Bans

Date 30/03/2020

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, has today issued a statement, criticising recent bans on short-selling as damaging to markets and failing to achieve their desired effect. WFE CEO Nandini Sukumar said:

“Banning short-selling interferes with price formation, thereby increasing uncertainty. That can only artificially amplify volatility and probability of default, the opposite effect to that claimed, and hampers the ability of markets to serve the real economy. It is not – and never has been – true that bans have any other, positive effect on market activity or price levels.”

Tokyo Commodity Exchange: Base Prices For June 2021 Contracts Of Electricity On The First Trading Day

Date 30/03/2020

The base prices for Immediately Executable Price Range (DCB Level) and Circuit Breaker Trigger Level (SCB Level) for June 2021 contracts of Electricity on the First Trading Day, March 31^th, 2020, shall be as below.

Tehran Stock Exchange Information On Covid-19 Precautions

Date 30/03/2020

Tehran Stock Exchange (TSE) acted very quickly as the Covid-19 outbreak was announced by the local authorities in Iran late February 2020, even before it was considered as a pandemic.

Monetary Authority Of Singapore Monetary Policy Statement - April 2020

Date 30/03/2020

INTRODUCTION

1.   In its October 2019 Monetary Policy Statement, MAS reduced slightly the rate of appreciation of the S$NEER policy band. There was no change to the width of the policy band and the level at which it was centred. The measured adjustment to the policy stance was assessed to be appropriate given muted inflationary pressures.

Amman Stock Exchange Postpones The Quarterly Review Of The Index Sample

Date 30/03/2020

A press release issued by the Amman Stock Exchange (ASE) indicated that in light of the suspension of trading at the ASE as of Tuesday 17/3/2020 until further notice, and the inability in light of this to implement the ASE periodic quarterly review of the content of the sample of the  ASE General Index of Stock Prices selected from the listed companies traded at the ASE, which aims to ensure that the Index accurately reflects the movement, performance and activity of the market, the quarterly review of the Index sample will be postponed until the first week after the resumption of trading at the ASE.

Governors And Heads Of Supervision Announce Deferral Of Basel III Implementation To Increase Operational Capacity Of Banks And Supervisors To Respond To Covid-19

Date 29/03/2020

The Basel Committee's oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), has endorsed a set of measures to provide additional operational capacity for banks and supervisors to respond to the immediate financial stability priorities resulting from the impact of the coronavirus disease (Covid-19) on the global banking system.

UAE Securities And Commodities Authority Obtains Certification For Complying With ISO International Standard On Risk Management - “Receiving The Certification Enhances Our Ability To Evaluate And Address Risks, Ensures The Continuity Of Business, And Helps To Achieve SCA’s Strategic Objectives,” Dr. Obaid Al Zaabi, CEO SCA

Date 29/03/2020

The Securities and Commodities Authority (SCA) received certification for complying with ISO international standard on risk management (ISO 31000:2018) from Lloyd’s Register Quality Assurance (LRQA) for its efforts in implementing risk management strategies and developing an integrated working system that ensures business continuity in line with international standards.

UK Financial Conduct Authority: Work-Related Travel – Responsibilities Of Senior Managers

Date 29/03/2020

We would like to make it clear to firms how they should prioritise who should need to travel to the office and the responsibilities of Senior Managers in doing so. This statement applies to all FCA-regulated firms across the UK, including in Scotland, Wales and Northern Ireland.