News Centre

Notice On Revising Certain Articles Of The Rules Governing The Listing Of Stocks On Shanghai Stock Exchange

Date 30/04/2019

To further standardize the corporate governance of listed companies and improve retail investor protection, the Shanghai Stock Exchange (hereinafter referred to as the "SSE") has revised the “Rules Governing the Listing of Stocks on Shanghai Stock Exchange” and added the relevant provisions as follows:

1. A new paragraph is added to Section 3.1.5 as the first paragraph of this Section: “A director’s term of office shall not exceed 3 years, and may be eligible for re-election upon expiry. The directors shall be elected and replaced by shareholders’ general meeting, and can be removed from their duties by shareholders’ general meeting before the expiry of their terms of office.”
2. A new paragraph is added to Section 8.2.1 as the third paragraph of this Section: “Shareholders’ general meeting shall be held in a venue in the form of live meeting. The timing and place of the meeting should be convenient for shareholders to participate. After issuing the notice of the shareholders’ general meeting, there shall be no change in the venue of the meeting without justified causes. If there is a need for change, the convener shall announce and explain the reasons at least 2 trading days before the live meeting date. Listed companies shall open the channel of online voting so as to make it convenient for shareholders to attend the general meeting. Shareholders who attend the shareholders’ general meeting through the above means shall be deemed present.”
3. A new paragraph is added to Section 11.9.5 as the second paragraph of this Section: “A subsidiary of a listed company shall not acquire shares issued by the said listed company. The situation concerning subsidiary’s holding of shares in the listed company for some special reasons shall be legally eliminated within one year. The involved subsidiary shall not exercise the voting rights corresponding to the shares held prior to elimination of the above-mentioned situation.”

ASX: 2019 Macquarie Australia Conference Presentation

Date 30/04/2019

Attached is the presentation that ASX Managing Director and CEO Dominic Stevens will deliver to investors at 4.00pm today at the Macquarie Australia Conference in Sydney.

Cboe Marks Third Anniversary Of Target Outcome Investment Benchmarks

Date 29/04/2019

• Cboe Vest Financial, an asset management subsidiary of Cboe Global Markets, led creation of Target Outcome Investment index methodologies and products
• Fast-growing Target Outcome Investment category now boasts 45 indexes, numerous products
• Target Outcome Investment strategies designed to provide downside protection, income generation, or enhanced returns over a defined horizon

Statement Of CFTC Commissioner Dan M. Berkovitz On Proposed Amendments To Part 39: Derivatives Clearing Organization General Provisions And Core Principles

Date 29/04/2019

Introduction

I support issuing for public comment the notice of proposed rulemaking (“NPRM”) to amend certain provisions of Part 39 of the Commission’s regulations governing derivatives clearing organizations (“DCOs”).  Part 39 generally covers registration and regulation of DCOs that centrally clear futures, options, and swaps regulated by the Commission.

Principal Deputy Assistant Secretary Michael Faulkender Economy Statement For The Treasury Borrowing Advisory Committee Of The Securities Industry And Financial Markets Association

Date 29/04/2019

Sixteen months after the passage of the Tax Cuts and Jobs Act (TCJA), the U.S. economy continues to reap significant benefits from this legislation, as well as from regulatory tailoring and other measures the Administration has undertaken to boost private investment, productivity, labor force participation, wages, and growth. The advance estimate for real GDP in the first quarter of 2019 showed economic growth increasing at an annual rate of 3.2 percent, considerably higher than market expectations. This acceleration followed growth of 3.0 percent over the four quarters of 2018 – which was the fastest pace since 2005. As of late April, the consensus of private forecasts for real GDP growth in Q1 underestimated the actual outturn by more than one-half percentage point, so it is possible that the private consensus estimate of 2.6 percent growth in the second quarter could be revised upward.

CFTC Commissioner Behnam Statement On Passing of Bart Chilton

Date 29/04/2019

Commodity Futures Trading Commission (CFTC) Commissioner Rostin Behnam issued the following statement on the passing of former Commissioner Bart Chilton:

“Commissioner Chilton was a true public servant and man of the people.  Serving in numerous capacities over many decades, Bart personified a passionate commitment to protecting and empowering consumers and the public interest while moving the economy forward.  He was a friend, an advocate, and as genuine as one can get.  I will miss him dearly.  His legacy and the positive impacts he has had on the CFTC and financial markets will live on forever.” 

MIAX Options - May 1, 2019 Fee Changes

Date 29/04/2019

A summary of the May 1, 2019 transaction fee changes is attached.  For full details, please review the May 1, 2019 MIAX Options Fee Schedule posted on the MIAX website at www.miaxoptions.com/fees.

CFTC Chairman Giancarlo, Commissioners Behnam, Berkovitz, Quintenz And Stump to Participate At FIA’s 41st Annual Law & Compliance Division Conference

Date 29/04/2019

SEC Announces Fraud Charges In Ticket Resale Investment Scam

Date 29/04/2019

The Securities and Exchange Commission today charged a New York City man with continuing a previously charged scheme, stealing millions of dollars from investors who were allegedly falsely promised their funds would be used for the purchase and resale of tickets to Broadway shows and a sporting event.

CFTC Commissioner Stump Statement On Passing Of Bart Chilton

Date 29/04/2019

Commodity Futures Trading Commission (CFTC) Commissioner Dawn D. Stump issued the following statement on the passing of former Commissioner Bart Chilton:

“I first came to know Bart Chilton while working on the 2002 Farm Bill.  We were of different political parties and different negotiating teams but I was always struck by his strategic acumen.  I will miss the passion he brought to each and every conversation during our 15+ year friendship, including his encouragement on my own career journey to the CFTC.”