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FESE, AFME, EACH, ECSDA And FIA: Joint Statement On DORA & Definition Of ICT Services

Date 01/10/2024

FESE together with AFME, EACH, ECSDA and FIA (the Associations) have issued a joint statement urging the Commission and the ESAs to reinstate the guidance confirming that regulated financial services should not be treated as ICT services for the purpose of DORA and clarify that regulated financial services include any services and activities subject to the supervision of a financial services regulator including any ancillary or delegated services.

Montis Group Confirms Bank Of England's Digital Securities Sandbox Application

Date 01/10/2024

Montis Group today confirmed its intention to apply for entry into the Bank of England (BoE) Digital Securities Sandbox (DSS), a significant initiative unveiled earlier yesterday by the UK central bank and the Financial Conduct Authority (FCA). The DSS is designed to promote innovation in digital securities, and it operates under the legal framework set out by the Financial Services and Markets Act 2023. 

EV MOTORS’ New BME Growth Incorporation Document

Date 01/10/2024

• It is the fourth company to register a Document of Incorporation on this market in 2024.

BNP Paribas Asset Management Introduces Its Equality Roadmap

Date 01/10/2024

• Outlines why investors should prioritise addressing inequality and details how inequality is material, presenting both systemic and company-level risks;
• Defines a framework for identifying and assessing corporate actions that can impact inequality; and
• Presents BNPP AM’s ‘areas of focus’ for strengthening equality across our investments, stewardship, and our own operations.

Pakistan Mercantile Exchange Limited (PMEX) And InfoTech Group Forge Historic Partnership To Enhance Trading Experience

Date 01/10/2024

InfoTech Group is excited to announce its strategic partnership with the Pakistan Mercantile Exchange (PMEX) to implement globally recognized ‘INFINIEM’ Trading Platform and ‘MARLIN’ Order Management System. This historic collaboration marks a significant milestone in Pakistan Capital Market.

Ripple Receives In-Principle Licence Approval From Dubai Financial Services Authority - Dubai Financial Services Authority Approval Unlocks Ripple’s End-To-End Payment Services In The UAE, Boosting Middle East Operations

Date 01/10/2024

Ripple, the leading provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). This milestone significantly strengthens Ripple’s global footprint as a regulated entity and enables the introduction of seamless cross-border payment services, including Ripple Payments Direct (RPD), in the United Arab Emirates (UAE). 

LSEG: AI Set To Revolutionise Wealth Management Operations

Date 01/10/2024

• Nine in ten investors believe AI can be used effectively for researching financial products and services; eight in ten say AI can better support advisors in portfolio management.
• 68% of investors expect their digital experiences with wealth management firms to match those of leading technology companies, increasing emphasis on omnichannel delivery
• The survey suggests a hybrid advisory model will soon be the norm with investors welcoming AI being used in the investment journey

Euroclear Group Structure Update

Date 01/10/2024

Euroclear has completed today the previously announced simplification of its Group structure, whereby two out of the four financial holding companies of the Euroclear group, Euroclear AG and Euroclear Investments SA/NV, were successively merged into Euroclear Holding SA/NV, the ultimate parent entity of the Euroclear group.

Boerse Stuttgart Records September Turnover Of Around EUR 7,6 Billion - Increases In Equities And Exchange-Traded Products Compared To The Same Month Of The Previous Year

Date 01/10/2024

Boerse Stuttgart is the German exchange of Boerse Stuttgart Group. The European group also operates exchanges in Sweden and Switzerland.

Boerse Stuttgart Group Sets The Course For The Digitalization Of The European Capital Market With ECB Blockchain Tests - Comprehensive Test Of Secondary Market Transactions With Tokenized Securities And Central Bank Money - Settlement Time Reduced From Two Days To Just A Few Minutes - Six Partner Banks And Bundesbank Involved

Date 01/10/2024

As part of the European Central Bank's (ECB) explorations, Boerse Stuttgart Group has tested the settlement of exchange transactions with blockchain-based securities against central bank money for the first time. The successful test marks a significant progress in the development of a digital capital market.