News Centre

Successful DriveWealth/Stake Relationship To Expand From Australia To South America

Date 28/01/2019

DriveWealth, LLC<https://drivewealth.com/>, a leader in global digital trading technology, today announced the expansion of its partnership with Stake, the first non-U.S. company to offer commission-free trading in U.S. stocks, Exchange-Traded Funds (ETFs) and American Depositary Receipts (ADRs). The DriveWealth platform is fueling the new offering, giving South American users their first zero-commission digital access to the U.S. equity markets, beginning in Brazil in early March.

London Stock Exchange Group CEO Gives Keynote Address At World Federation Of Exchanges London New Year Reception

Date 28/01/2019

David Schwimmer, Chief Executive Officer, London Stock Exchange Group (LSEG), gave one of the keynote speeches at the World Federation of Exchanges (WFE) London New Year reception on Monday, 21 January.

LIBOR Transition And Contractual Fallbacks - Speech By Edwin Schooling Latter, Director Of Markets And Wholesale Policy At The FCA, Delivered At The International Swaps And Derivatives Association (ISDA) Annual Legal Forum

Date 28/01/2019

Highlights:

• On a monthly basis, cleared notional in Sterling Overnight Index Average (SONIA) swaps is now higher than that for sterling London Inter-bank Offered Rate (LIBOR).
• The best and smoothest transition from LIBOR will be one in which contracts that reference LIBOR are replaced or amended before fallback provisions are triggered.
• Market participants should not rely on the availability of an option to use Libor for legacy contracts.

ACER Consults On The Amendments To The Determination Of Capacity Calculation Regions

Date 28/01/2019

The Agency launches today a public consultation on amendments to the determination of capacity calculation regions on the basis of the EU Regulation on Capacity Allocation and Congestion Management (CACM Regulation). All interested parties are invited to submit their comments by 17 February 2019. In October 2018, the Agency became competent to decide on the proposal by all Transmission System Operators’ for amendments to the determination of capacity calculation regions. Find out more here.

UK Government: HM Treasury Statement On Infraction Proceedings On VAT Treatment Of Certain Commodity Derivatives Trading

Date 28/01/2019

A statement from HM Treasury regarding the European Commission’s notification of infraction proceedings on the UK’s VAT treatment of certain commodity derivatives trading. 

Hong Kong’s Securities And Futures Commission And HKEX: Joint Consultation On The Model For An Uncertificated Securities Market

Date 28/01/2019

The Securities and Futures Commission (SFC), Hong Kong Exchanges and Clearing Limited (HKEX) and the Federation of Share Registrars Limited (FSR) today jointly issued a consultation paperproposing a revised operational model for implementing an uncertificated securities market in Hong Kong Note.

UK Financial Conduct Authority Proposes Rules On Investment Pathways And Other Measures To Improve Retirement Outcomes For Consumers

Date 28/01/2019

The Financial Conduct Authority (FCA) is today consulting on measures to stop up to 100,000 consumers a year losing out on pension income when they access the pension freedoms.

CSRC Formally Approved Shanghai Futures Exchange As The Qualifying CCP

Date 28/01/2019

China Securities Regulatory Commission (CSRC) has formally approved Shanghai Futures Exchange (INE) as the ‘Qualifying Central Counterparty’ (QCCP). This symbolizes that by means of benchmarking international standards, SHFE further enhances its governance，improve the management level, strengthen the ability of risk prevention and mitigation, and so as to lay the solid foundation for its future development.

Shanghai Stock Exchange Reports On Handling Of SSE-listed Companies' Violations In Information Disclosure In 2018

Date 28/01/2019

In 2018, the regulatory system of the Shanghai Stock Exchange (SSE) continued to give equal priority to regulation and service, and vigorously supported the listed companies in improving and strengthening themselves through the capital market. In addition, the SSE stayed strict in regulating the violations, and seriously dealt with all kinds of violations that harmed the interests of the listed companies and the investors, so as to effectively maintain the open, fair and just order in the market.

Open Up A New Horizon By Solid Work And Everlasting Reforms - Shenzhen Stock Exchange Holds Bond Market Regulation And Development Symposium

Date 28/01/2019

On January 22, 2019, SZSE held a bond market regulation and development symposium to discuss the work plan for the bond market in 2019 to further implement the CSRC's decisions and better serve the real economy and national strategies. The symposium was attended by representatives from institutions like the Ministry of Finance, relevant departments (bureaus) of finance, the CSRC and its agencies, corporate bond issuers, banks, securities institutions, insurance companies and asset management organizations.