News Centre

Monetary Authority Of Singapore Advises Financial Institutions To Adopt Recommended Measures For DORSCON Orange

Date 10/02/2020

Following the raising of the Disease Outbreak Response System Condition (DORSCON) Alert Level from Yellow to Orange, the Monetary Authority of Singapore (MAS) issued an advisory on 7 February 2020 for financial institutions in Singapore to adopt additional measures and precautions. This is the third advisory to financial institutions since January 2020.

Amman Stock Exchange: Delaying The Start Time Of Working Hours And Trading For OTC Market For Monday 10 February 2020

Date 10/02/2020

In light of the decision of Prime Minister to delay the official office hours of the government departments and official institutions due to the weather conditions, the Amman Stock Exchange will start its business for Monday, February 10, 2020 at 09:30 a.m., 

Tadawul And Edaa Publish Drafts Of The Amended Short Selling Regulations And The Amended Securities Borrowing And Lending Regulations For Public Consultation

Date 10/02/2020

The Saudi Stock Exchange (Tadawul) and The Securities Depository Center (Edaa) are keen to involve all concerned and interested parties to participate and share their observations on the regulatory frameworks for its markets.

Japan Financial Services Agency: Joint Session Of The 43rd General Meeting Of Financial System Council And The 31st Meeting Of Sectional Committee On Financial System

Date 10/02/2020

The joint session of the 43rd general meeting of the Financial System Council and the 31st meeting of the Sectional Committee on Financial System will be held on February 17, 2020 as follows. The meeting is open to the public.

Shenzhen Stock Exchange Accelerates The Approval For The Bond Issue Applications Of Hubei Enterprises Under Emergency -- The First Innovative Corporate Bond Supporting Anti-Epidemic Is Given The Green Light To Issue

Date 10/02/2020

On February 4, Wuhan Chedu Sishui Management Co., Ltd. (“Wuhan Sishui”) received the letter of no objection from SZSE for its green project income corporate bond. This is the first innovative corporate bond of Hubei Province getting the green light after the novel coronavirus-caused pneumonia (NCCP) outbreak.

Dubai Financial Market: The Board Of Directors Proposes Cash Dividend Of AED 200 Million: - DFM Company Posts Net Profit Of AED 120.6 Million In 2019

Date 09/02/2020

H.E. Essa Kazim highlighting DFM’s key developments of the past year:

• The implementation of structural development plan, establishing independent depository and clearing companies reinforces DFM’s business excellence journey
• Accelerated steps to launch the first platform of its kind globally for trading of free zone companies as well as the REITs platform
• Active participation in regulatory enhancements’ efforts to encourage going public and strengthen DFM’s position as the most favored listing venue
• launching the DFM Shari’a Index supports our efforts to attract more Islamic investments
• Net purchases of foreign investors reached AED 2.8 billion, underlining DFM’s attractiveness to international investments
• The market registered 3067 new investors lifting its investor base to 844,455 investors

New York Attorney General Letitia James Obtains Injunction Against “Self-Dealing” Private Equity Fund Manager Who Committed “Outright Fraud,” According To Court - Court Agrees With AG James And Says ACP Was “Utilized As Piggy Bank To Fund A Failing Broker-Dealer, Its Failing Parent, And [Managing Partner] Mr. Allen”

Date 07/02/2020

New York Attorney General Letitia James today announced her office has obtained an injunction protecting investors in private equity fund ACP X, LP (ACP) from further harm at the hands of Laurence G. Allen and the various corporate entities he controls. After a multi-day evidentiary hearing in January, Justice Barry R. Ostrager of the New York State Supreme Court found that the evidence produced by the Office of the Attorney General “revealed a shocking level of self-dealing, breaches of fiduciary duty, misappropriation of enormous sums of ACP capital, and outright fraud.”

SIFMA Statement On Data Connectivity

Date 07/02/2020

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, regarding the U.S. Treasury Under Secretary for International Affairs Brent McIntosh’s speech on data connectivity Wednesday in Singapore.

“SIFMA congratulates Under Secretary McIntosh on an excellent speech. Cross-border data flows are crucial to the financial services industry and the capital formation and job creation they underpin. As such, building on the important milestones USMCA laid, we strongly endorse the Under Secretary’s prioritization of data connectivity. We warmly welcome both the establishment of the technical experts group on cross-border data issues in financial services, as part of the 2020 U.S. Presidency of the G7, and the U.S.-Singapore Joint Statement on Financial Services Data Connectivity. We look forward to continuing our work with Treasury on this issue, one of crucial importance.”

CFTC Commitments Of Traders Update

Date 07/02/2020

The current reports for the week of February 4, 2020 are now available.

MIAX PEARL Equities - Publication Of Proposed Equities Rules By SEC

Date 07/02/2020

On February 6, 2020, the Securities and Exchange Commission (SEC) published MIAX PEARL’s proposal to adopt rules governing the trading of equity securities under its exchange license.  MIAX PEARL is expected to begin trading equity securities in September 2020, subject to SEC approval.