News Centre

US Federal Agencies Finalize Changes To Supplementary Leverage Ratio As Required By Economic Growth, Regulatory Relief, And Consumer Protection Act

Date 19/11/2019

The federal bank regulatory agencies have finalized changes to a capital requirement for banking organizations predominantly engaged in custodial activities, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). The final rule is unchanged from the proposalissued for public comment in April 2019.

New York Financial Services Superintendent Linda A. Lacewell Announces Grant Of DFS Trust Charter To Enable Fidelity To Engage In New York’s Growing Virtual Currency Marketplace

Date 19/11/2019

Superintendent of Financial Services Linda A. Lacewell announced today that the New York State Department of Financial Services (DFS) has granted a charter under New York Banking Law to Fidelity Digital Asset Services, LLC (FDAS), to operate as a limited liability trust company as part of the state’s rapidly growing virtual currency marketplace.

Ontario Securities Commission Makes Doing Business Easier For Ontario Market Participants

Date 19/11/2019

The Ontario Securities Commission (OSC) is moving forward with more than 100 specific actions to reduce burden for market participants doing business in Ontario’s capital markets. As these changes are made, individuals and businesses regulated by the OSC can expect to see enhanced service levels, less duplication and a more tailored regulatory approach.

SIFMA Statement On Changes To Supplemental Leverage Ratio

Date 19/11/2019

 SIFMA today issued the following statement from President and CEO Kenneth E. Bentsen, Jr. on changes to the supplemental leverage ratio:

“Regulatory changes to the supplementary leverage ratio for certain banks reflect ongoing recognition of the need to review and revise regulations to ensure banking and capital markets activities are not unnecessarily restricted. Carrying these changes over to a wider universe of financial institutions is a logical next step. Policymakers and regulators should continue to take steps to ensure prudential regulations promote the stability of the financial system but do not negatively impact capital formation and economic growth.”

FIA And FIA Tech Announce Successful Implementation Of Execution Source Codes At CME Group

Date 19/11/2019

FIA and FIA Tech today announced the successful implementation of execution source codes at CME Group. Over the last several months, FIA, FIA Tech and CME Group have worked with market participants to make the necessary adjustments to trading systems to support this new industry standard, which will allow for greater automation and efficiencies in post-trade processing. On Nov. 17, FIA’s Execution Source Code Schema was adopted on the CME Globex platform. Although other exchanges are supporting the addition of execution source codes, CME Group is the first to require all order messages have this code in order to be processed for trading and clearing.

Crypto Assets Recognised As Property Under English Law

Date 19/11/2019

In response to the LawTech Delivery Panel’s report, Todd McDonald, co-founder at blockchain firm R3, said:  “The report vindicates what we have long said, that blockchain and tokenisation of assets represent the future and can fit comfortably with existing regulatory frameworks, provided the architecture and designs are properly thought through. The private and permissioned nature of R3’s Corda fits well with the principles as outlined in the report.

Nigerian Stock Exchange Wins Awards For Promoting CSR Reporting And Delivering Efficient In-House Legal Support

Date 19/11/2019

The Nigerian Stock Exchange (“NSE” or “The Exchange”) is pleased to announce that it has received the “Best Corporate Social Responsibility Initiative (Promoting Sustainability & Reporting)” and the “Capital Market In-House Team of the Year” awards at 2019 Marketing World Awards and ESQ Nigerian Legal Awards respectively.

Borsa Istanbul: After Hours Session At Derivatives Market

Date 19/11/2019

For further information click here.

SEC Halts Ponzi Scheme Targeting Seniors And Small Business Owners

Date 19/11/2019

The Securities and Exchange Commission today announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against two individuals and two companies they control in connection with an alleged $6 million Ponzi scheme that defrauded at least 55 investors, many of whom are senior citizens or small business owners.

EGX Allows The Addition Of The Investment Cash Funds As A Grantee For The Margin Trading

Date 19/11/2019

EGX has issued a decree allowing the addition of the subscribed investment cash funds as a grantee for the marginal trading this comes a step forward to activate the margin trading mechanism which consequently will raise the market liquidity and will enhance the trading environment.