News Centre

Monetary Authority Of Singapore: Court Convicts Three Individuals For Insider Trading And Orders Forfeiture Of Criminal Proceeds

Date 10/07/2019

Mr Leong Chee Wai, Mr E Seck Peng Simon and Mr Toh Chew Leong were today convicted and sentenced to 36 months, 30 months and 20 months imprisonment respectively. They were charged with a total of 333 counts of insider trading offences. The individuals had carried out a front-running arrangement over a period of 7 years resulting in profits of S$8.07 million. This is the first case of front-running prosecuted as an insider trading offence in Singapore, which carries a more severe penalty.   

Tokyo Commodity Exchange: Good Delivery Material Price Differential For July 2019 Rubber(RSS) Contract

Date 10/07/2019

The price differential of the Good Delivery material for the July 2019 contract month in the Rubber market has be determined as follows,

Pursuant to the provisions of Article 2.2 of the Rubber Delivery Detailed Rules, the price differential between the Good Delivery materials RSS No.3 and the non-standard grade RSS No.4 for the July 2019 contract month shall be -3.0 yen/kg.

DFM And DIFC Launch “Dubai Sustainable Finance Working Group”

Date 10/07/2019

• Group aims to co-ordinate efforts to create the most sustainable financial hub in the region, as part of UAE’s Sustainable Development Goals 2030 and Dubai’s Strategic Plan 2021
• H.E. Essa Kazim: “The initiative underlines our commitment to collaborate with key stakeholders to reinforce Dubai’s position as a leading financial hub and global capital of Islamic economy”

WorldPay And ClearBank® Founder Nick Ogden Joins Funding Options’ Board

Date 10/07/2019

Fintech pioneer Nick Ogden has joined the board of Funding Options, the UK’s leading business finance marketplace, as non-executive chairman.

Japan’s Financial Services Agency: Status Of Digitalization Efforts In Financial Monitoring

Date 10/07/2019

As part of the review of inspections and supervision, the JFSA exchanges opinions with external experts and others, ascertains the utilization of IT technologies and data by private-sector companies and the status of RegTech/FinTech efforts by financial institutions and other entities, and makes efforts to improve operational efficiencies and analytical sophistication by referring to these.

Hong Kong’s Securities And Futures Commission Reprimands And Fines Celestial Commodities Limited And Celestial Securities Limited $6.3 Million For Mishandling Client Money

Date 10/07/2019

The Securities and Futures Commission (SFC) has reprimanded Celestial Commodities Limited (CCL) and Celestial Securities Limited (CSL) and fined them $4.9 million and $1.4 million, respectively for regulatory breaches and internal control failures relating to mishandling of client money.

Dalian Commodity Exchange Holds Session On Studying SPC & SPP’s New Judicial Interpretations

Date 10/07/2019

As the Interpretation on Law for Handling Criminal Cases Related to Manipulating Securities and Futures Market and the Interpretation on Law for Handling Criminal Cases Related to Taking Advantage of Undisclosed Information for Trading jointly issued by the Supreme People’s Court (SPC) and the Supreme People’s Procuratorate (SPP) are to put into force, Dalian Commodity Exchange (DCE) holds a session on studying and discussing new judicial interpretations on the morning of July 2. Market surveillance and law affair staffs are organized to make an in-depth study on the new judicial interpretations. Arrangement has been made on how to display the joint forces of “5-in-1” regulation and intensify the market regulation according to the market situation.

Circular Of Shanghai International Energy Exchange On The Delivery Issues Of SC1908

Date 10/07/2019

Shanghai International Energy Exchange (hereinafter referred to as “the Exchange”), the subsidiary of Shanghai Futures Exchange has released its Circular on the Delivery Issues of SC1908 on July 10, 2019.

TreasurySpring Launches Fixed-Term Fund (FTF) Platform, Following A Rigorous And Successful Beta Testing Phase During Which More Than $400m Of FTFs Were Issued

Date 10/07/2019

TreasurySpring, the London-based financial technology company today announced the launch of its Fixed-Term Fund (FTF) platform.

GoldGram To Deploy A Native GGC Token On R3’s Blockchain Platform Corda

Date 10/07/2019

GoldGram Pte. Ltd.<http://www.goldgramcoin.com>, creator of the new digital asset-backed token GGC GoldGramCoin®, and R3<https://www.r3.com/>, the world’s leading developer of enterprise blockchain solutions for business, announced today that they have entered into a partnership program agreement to develop a native GGC GoldGramCoin token for R3’s Corda blockchain platform.