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Statement On Appointment Of New Chair And Five New Members Of The Financial Accounting Foundation Board Of Trustees, And Appointment Of Next Chair Of The Financial Accounting Standards Board - SEC Chairman Jay Clayton, SEC Commissioner Robert J. Jackson Jr., SEC Commissioner Hester M. Peirce, SEC Commissioner Elad L. Roisman, SEC Commissioner Allison Herren Lee
Date 19/12/2019
High quality, reliable financial statements form the bedrock of our U.S. capital markets. By setting accounting and reporting standards for U.S. companies, nonprofit organizations and state and local governments, the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB) play critical roles in promoting effective financial reporting to investors. The Board of Trustees of the Financial Accounting Foundation (FAF) maintains important responsibility for the oversight, administration and finances of the FASB and GASB. Through its oversight of these organizations, the FAF helps promote an independent and effective standard-setting process.
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MIAX: Electronic Filing Of Annual Reports
Date 19/12/2019
This alert is a reminder that, in connection with the Regulatory Services Agreement between MIAX PEARL and FINRA, the filing of annual report has been transitioned to the electronic filing platform available via FINRA’s Firm Gateway located at https://firms.finra.org.
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AFME, FIA, ICMA, ISDA And ISLA Publish Master Regulatory Reporting Agreement
Date 19/12/2019
The Association of Financial Markets in Europe (AFME), Futures Industry Association (FIA), International Capital Market Association (ICMA), International Swaps and Derivatives Association, Inc. (ISDA) and International Securities Lending Association (ISLA) have published a new agreement intended to simplify reporting across different European Union regulatory regimes.
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FINRA Fines Robinhood Financial, LLC $1.25 Million For Best Execution Violations
Date 19/12/2019
FINRA announced today that it has fined Robinhood Financial, LLC $1.25 million for best execution violations related to its customers’ equity orders and related supervisory failures that spanned from October 2016 to November 2017. As part of the settlement, Robinhood also agreed to retain an independent consultant to conduct a comprehensive review of the firm’s systems and procedures related to best execution.
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Canadian Securities Regulators Move Forward With Embedded Commissions Bans
Date 19/12/2019
Canadian securities regulators announced today that they will ban two types of commissions that are embedded in some mutual fund purchases.
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Nodal Exchange And IncubEx To Launch First Physically Delivered Low Carbon Fuel Standard (LCFS) Futures
Date 19/12/2019
Nodal Exchange and IncubEx announced they will launch the first physically delivered California Low Carbon Fuel Standard (LCFS) futures contract on January 24, 2020, pending regulatory review.
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Intercontinental Exchange Reaches Open Interest Records In Brent Crude Oil Futures And TTF Natural Gas
Date 19/12/2019
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced record open interest of 2.71 million contracts in Brent Crude Oil futures and 2.21 million contracts in TTF futures and options. As of December 17, and on a year-over-year basis, Brent Crude Oil futures open interest is up 22% versus the prior year, while open interest across TTF futures and options is up 73%.
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The Updated Coefficients For Moscow Exchange Indices To Come Into Force
Date 19/12/2019
The following coefficients for Moscow Exchange indices come into force from December 20, 2019:
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Borsa İstanbul Review Has Been Accepted To The Social Sciences Citation Index
Date 19/12/2019
Borsa İstanbul Review, the most prestigious international academic journal of Turkey in the areas of finance, capital markets and the economy, has been the first journal in Turkey in the areas of economy and finance to be covered by and included in the Social Sciences Citation Index (SSCI), the most qualified indexing systems in the field of social sciences. With this step, Borsa İstanbul Review became one of the most prestigious international academic finance publications.
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SEC Names David Bottom As Chief Information Officer
Date 19/12/2019
The Securities and Exchange Commission (SEC) today announced that David Bottom has been appointed as the agency’s Chief Information Officer (CIO). In this role, Mr. Bottom will be responsible for overseeing the security and overall functions of the agency’s information technology systems. He will officially join the agency in January 2020.
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