News Centre

Osaka Exchange: Publication Of Report Of The Working Group On Derivatives Holiday Trading

Date 30/06/2020

Osaka Exchange, Inc. (OSE) started discussions on the introduction of derivatives holiday trading with market participants from autumn 2019 in light of the fact that investor risk became an issue due to the lengthy market closure during the 10 consecutive holidays in April to May 2019. As a result of the discussions, it was confirmed that there is a certain demand for derivatives holiday trading and that such efforts are also significant toward strengthening the international competitiveness of Japan's capital markets. As such, in January 2020, OSE established a "Working Group on Derivatives Holiday Trading" consisting of market participants to discuss the implementation of derivatives holiday trading in further detail, and the working group has discussed the matter for about half a year.

Wirecard Complies With Monetary Authority Of Singapor Directions To Keep Customer Funds In Banks In Singapore

Date 30/06/2020

The Monetary Authority of Singapore (MAS) said today that Wirecard entities in Singapore (“Wirecard”) have complied with MAS’ directions to hold customers’ funds in segregated accounts with banks in Singapore. MAS is closely monitoring the operations of Wirecard.

New Zealand Financial Markets Authority Publishes Statement Of Intent And Statement Of Performance Expectations

Date 30/06/2020

The Financial Markets Authority (FMA) has today released two documents that together set out how the regulator will measure and report on progress against its performance measures and targets.

ASIC: Guidance For Company Officers And Company Auditors On The Whistleblower Protection Regime

Date 30/06/2020

ASIC has released new information sheets to help companies, company officers and company auditors understand and comply with their obligations under the corporate whistleblower protection regime.

Hong Kong Securities And Futures Commission Office Relocation

Date 30/06/2020

The Securities and Futures Commission (SFC) is pleased to announce the relocation of its office.

Montréal Exchange Interest Rate Derivative Trading Ceases At 1:30 p.m. Today - Exchange's Markets Closed On July 1, 2020

Date 30/06/2020

Interest rate derivative trading will cease at 1:30 p.m. today, June 30, 2020. Furthermore, the Exchange's markets will be closed on July 1, 2020.

SIFMA Statement On New DOL Proposal

Date 29/06/2020

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, regarding the newly released rule from Department of Labor (DOL) on prohibited transaction exemptions and fiduciary advice:

“We applaud the Department of Labor’s work to preserve investor choice, which allows for many different investment advice and education options consistent with the Securities and Exchange Commission’s new heightened standard Regulation Best Interest (Reg BI).  The standards of conduct under the proposed DOL exemption will be aligned with the standards required by Reg BI, offering compliance efficiencies.  In addition, putting back in the Federal Register the five-part test that applies for fiduciary advice in light of the 2018 decision from the 5th U.S. Circuit Court of Appeals provides important clarification of the law.”

BOX Exchange: Change To Technology Fee Billing Process

Date 29/06/2020

Effective July 1, 2020, BOX Exchange LLC (the “Exchange”) will change the billing process for all monthly fees under Section VI of the BOX Fee Schedule (Technology Fees).

New Zealand Financial Markets Authority Publishes NZX Obligations Annual Review

Date 29/06/2020

NZX met its statutory obligations as a licensed market operator for the period 1 January to 31 December 2019, according to the Financial Markets Authority (FMA)’s annual review.

CFTC Orders Illinois Firm To Pay $250,000 For Supervision Violations - Failure To Supervise Put Seniors’ Retirement Savings At Risk

Date 29/06/2020

The Commodity Futures Trading Commission today issued an order filing and settling charges against Cunningham Commodities, LLC, a registered futures commission merchant with its principal place of business in Itasca, Illinois, for failing to diligently supervise accounts set up by an introducing broker whose activities it guaranteed (GIB).