News Centre

Partly Contested Cases, The Pipeline And AML Investigations, Speech By Mark Steward, Director Of Enforcement And Market Oversight At The FCA, Delivered At The Global Investigations Review Live Event In London

Date 04/04/2019

Highlights

• Partly contested cases avoid a ‘deal-making’ approach to the imposition of penalties and sanctions giving subjects an opportunity to test and challenge the FCA’s penalties before the RDC, an independent FCA Board committee, without losing any cooperation benefit.
• Firms will be held accountable for foreseeable harm.
• The FCA is investigating suspected breaches of the Money Laundering Regulations that might give rise to either criminal or civil proceedings, giving effect to the full intention of the Money Laundering Regulations which provides for criminal prosecutions.

BETTER FINANCE Is Happy That The EP Adopted The PEPP Regulation But Hopes That The Major “Guarantee” Issue For European Savers Can Be Adequately Addressed In The Near Future

Date 04/04/2019

As shown by independent research into the real net returns of European pension savings carried out by BETTER FINANCE, pension savings products too often significantly underperform capital markets, and even sometimes destroy the real (after inflation) value of pension savings over the long-term due mostly to high fees and commissions. This in turn is also linked to the extreme fragmentation of the voluntary pension saving products’ markets within the EU, to the complexity and opacity of many products, and to insufficient competition.

EEX Group Update: 1st Quarter 2019

Date 04/04/2019

Key achievements

• EEX has successfully completed the acquisition of the shares in Grexel Systems Oy. As of February 2019, EEX holds 100% of the shares in the company. 
  > Read more about the benefits of the acquisition of Grexel.
• On 4 February 2019, the first trade on the local flexibility platform enera was completed successfully. As part of EEX Group, EPEX SPOT is involved in the project with more than 30 partners to launch Germany's first exchange-based flexibility market for grid congestion management. 
   > See how enera partners and EPEX SPOT launch Germany's first exchange-based flexibility market for grid congestion management.
   
• In February 2019, EEX has been awarded the Recognised Overseas Investment Exchange (ROIE) status for the United Kingdom by the Financial Conduct Authority (FCA).The ROIE status ensures that will be able to continue to operate in the UK regardless of the consequences of the upcoming Brexit. Powernext has received the ROIE status in March.
  > Get known how the ROIE and BoE status ensures that our customers continue to have the ability to trade and clear with us.
   
• On 29 March 2019, Nodal Exchange launched the world’s first financially settled Trucking Freight Futures contracts in partnership with FreightWaves, the leading provider of freight market news, data and analytics, and DAT, the largest spot freight marketplace in North America. 
  > Find detailed information on Trucking Freight Futures in the Press Release.

Nasdaq Welcomes Tradeweb Markets Inc. (Nasdaq: TW) To The Nasdaq Stock Market

Date 04/04/2019

Tradeweb Markets Inc. (Nasdaq:TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, rang the Nasdaq MarketSite bell in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.

SageTrader Turns To Eventus Systems For Equities Trade Surveillance - Cloud Version Of Validus Platform Offers Single Dashboard To Monitor All Surveillance Metrics

Date 04/04/2019

Eventus Systems, Inc.<https://www.eventussystems.com/>, a leading global trade surveillance and market risk platform provider, announced that SageTrader, LLC, a San Francisco and New York based broker dealer, turned to Eventus for equities market surveillance. Announced today during the 83rd annual conference of the Security Traders Association of New York, SageTrader has deployed the cloud version of the Validus platform for trade surveillance.

ACE Holdings Issues Corrective Disclosures Following The Securities Commission Malaysia’s Sanctions And Offers Unconditional Redemption To Subscribers

Date 04/04/2019

The Securities Commission Malaysia  (SC)  today  informed  the  public  that  ACE Holdings Berhad (AHB) had on 1 April 2019 issued corrective disclosures following the SC’s sanctions issued on 11 December 2018. The sanctions relate to false or misleading information contained in AHB’s Private Placement Memorandum dated 8 September 2015 and Private Placement Memorandum dated 5 January 2018 (collectively referred to as PPM 2015 and 2018).

Thai Exchange Reveals SET Awards 2019 Preliminary Nominees

Date 04/04/2019

The Stock Exchange of Thailand, jointly with Money & Banking Magazine, is organizing the 16th SET Awards — an annual event to honor outstanding listed companies and spotlight them as role models for the industry, today announcing a list of 620 listed firms that have passed the preliminary screening for the prestigious awards. The winners of the awards will be announced in November 2019.

Remarks Of CFTC Chairman J. Christopher Giancarlo At The Eurofi Financial Forum, Bucharest, Romania - “A New Vision For EU-US Regulatory And Supervisory Cooperation For Derivatives Markets”

Date 04/04/2019

Good afternoon.  It is my great pleasure to be here again at Eurofi.  I wish to thank David Wright, Didier Cahan and Marc Truchet for organizing once again a great conference.

Update On HKEX Derivatives In Taiwan - 2 Stock Futures Receive Approval In Taiwan

Date 04/04/2019

Hong Kong Futures Exchange Limited (“HKFE”) is pleased to announce Taiwan Futures Exchange has approved the inclusion of the following 2 stock futures in its list of offshore exchanges and contracts for which Taiwan Futures Commission Merchants (“FCMs”) have trading authorization. 

Hong Kong’s Securities And Futures Commission Concludes Consultation On Securities Margin Financing

Date 04/04/2019

The Securities and Futures Commission (SFC) today released consultation conclusions on proposed Guidelines for Securities Margin Financing Activities (Note 1). Respondents generally supported the SFC’s initiative to provide guidance on the risk management practices expected of brokers when they provide securities margin financing.