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Amending Article (17) Of The Market Conduct Regulations And The Term "Order" In The Glossary Of Defined Terms Used In The Regulations And Rules Of The Saudi Arabia Capital Market Authority

Date 18/01/2018

Pursuant to the CMA strategic goals of developing and regulating the capital market, and in line with the Saudi Arabia’s Vision 2030, and based on the Capital Market Law issued by the Royal Decree Number (M/30) Dated 02/06/1424H, the CMA Board has issued its resolution to:
a)    Amend paragraph (a) of Article (17) of the Market Conduct Regulations to read as follows:
"An authorised person must not aggregate a client's orders with those of other clients or with the authorised person's own orders if the order is for a security traded on the Saudi Stock Exchange, unless such aggregation is performed in accordance with any regulations, rules or procedures the Authority or the Exchange issues.".
b)    Amend the term "Order" in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority to read as follows:
"In relation to an order from a client:    
1)    an order to an authorised person from a client to execute a transaction as agent; or
2)    any other order to an authorised person from a client to execute a transaction in circumstances giving rise to similar duties as those arising from an order to execute a transaction as agent.
"order" shall include any decision by an authorised person to execute a transaction in exercise of discretion for a client, an investment fund that it manages or for the purpose of aggregating orders for its clients in accordance with the Market Conduct Regulations. The definition of order shall not include any requests for purchasing a new securities issue".

Solactive Publishes New Research Paper On Equally Weighted Versus Market Cap Weighted Index Strategies

Date 18/01/2018

Today, Solactive AG published a new research paper comparing the performance of equally weighted versus market cap weighted index strategies.

Visible Alpha Raises $38 Million In New Funding Round, Led By Goldman Sachs - Visible Alpha’s New Round Of Funding Includes Six New Strategic Investors And Follow-On Investment From All Existing Investors

Date 18/01/2018

Visible Alpha, an investment research technology firm founded by some of the world’s leading investment banks, today announced that it has secured an additional $38 million of equity financing. Visible Alpha will use this investment to fuel its explosive growth and maintain its leadership position among firms driving efficiency, transparency and alpha generation in the institutional research process and helping solve for the research valuation and budgeting requirements of MiFID II.

The World Federation Of Exchanges Publishes Best Practice Guidelines For Cyber Security Compliance

Date 18/01/2018

The World Federation of Exchanges (“The WFE”), which represents more than 200 market infrastructure providers including exchanges and CCPs, has today published a set of best practice guidelines for market infrastructures designed to engender a staff culture of cyber security compliance.

Patrick Ward Joins AxiomSL As Head of EMEA Business And Partnership Strategy

Date 18/01/2018

AxiomSL, the leading regtech provider of regulatory reporting and risk management solutions, today announced the appointment of Patrick Ward as Head of Europe, Middle East and Africa (EMEA) Business and Partnership Strategy. Pat will play a key role expanding the company’s footprint across EMEA and developing strategic global relationships.

Evaluation Of The Bank Of England’s Approach To Providing Sterling Liquidity

Date 18/01/2018

In December 2016, the Bank of England’s Court of Directors commissioned its Independent Evaluation Office (IEO) to conduct a broad-based evaluation of the effectiveness of the Bank’s approach to providing sterling liquidity insurance through its published market facilities (known as the Sterling Monetary Framework or ‘SMF’).

FTSE Mondo Visione Exchanges Index Jumps From Record High To New Record High

Date 18/01/2018

The FTSE Mondo Visione Exchanges Index hit a new record high closing at 50,968.16 against Tuesday’s 50,710.77.

Japan's Financial Services Agency: The Second Meeting Of The Working Group On Corporate Disclosure Of The Financial System Council

Date 18/01/2018

ETFGI Reports Assets Invested In ETFs And ETPs Listed Globally Increased By 36% During 2017 To Reach A New High Of $4.83 Trillion

Date 18/01/2018

Summary

• Assets invested in ETFs/ETPs listed globally increased by a record $1.287 trillion during the year, to reach a new high of $4.835 trillion.
•  According to ETFGI’s December 2017 global ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in globally-listed ETFs and ETPs grew by $1.287 Trillion YTD.
•  Year-to-date, through end of December 2017, ETFs and ETPs listed globally saw record net inflows of $653.97 Bn.

ESMA Consults On Potential CFD And Binary Options Measures To Protect Retail Investors

Date 18/01/2018

The European Securities and Markets Authority (ESMA) has published a call for evidence on potential product intervention measures relating to the provision of contracts for differences (CFDs), including rolling spot forex, and binary options to retail investors.