News Centre

Hong Kong's Securities And Futures Commission Publishes Annual Report 2016-17

Date 14/06/2017

The Securities and Futures Commission (SFC) today published its Annual Report 2016-17 summarising and providing key statistics on its work during the year. The report outlines the SFC’s current strategic priorities and approach to address the challenges of regulating more complex and interconnected markets.

Notice On The Second Term Examination In 2017 For Trader And Settlement And Delivery Personnel Of Shanghai Futures Exchange

Date 14/06/2017

Shanghai Futures Exchange decides to hold the 2nd term Examination in 2017 for Trader and Settlement and Delivery Personnel on the afternoon of June 29th, 2017. In the principle of integrity and self-discipline, this Examination for Trader and Settlement and Delivery Personnel will be administrated by the members independently as per the stipulations and guidelines of the Exchange in an attempt to facilitate the futures practitioners to participate in this Examination and minimize their travel expenses and time cost.

New Zealand's Financial Markets Authority: Insider Trader Sentenced

Date 13/06/2017

Jeffrey Peter Honey was sentenced yesterday to six months home detention at the Auckland District Court, after pleading guilty to one charge of insider trading under section 243(1)(a) and section 244 Financial Markets Conduct Act.  Mr Honey admitted to  being an information insider advising and  encouraging another person to trade.

European Commission - Read-Out Of The College Meeting And Press Conference By Vice-President Valdis Dombrovskis On The Commission's Proposal To Amend The European Market Infrastructure Regulation (EMIR)

Date 13/06/2017

Good afternoon everyone,

We had a productive College today. You already had a press conference on the migration package, so I will focus on the remaining issues.

Let me start on a positive note. Vice-President Ansip informed the College that the end date for roaming charges is in two days. As of 15 June, Europeans, when travelling abroad, will be able to consume mobile voice, SMS and data services for the same price as at home. This is good news ahead of the vacation season. We are convinced that this will also benefit, for example, current and future ERASMUS students and mobile workers.

Federal Court Orders Florida-Based North American Asset Management, LLC, Alexi Bethel, And Steven Labadie To Pay More Than $1.6 Million In Restitution And A Civil Monetary Penalty For Engaging In Illegal, Off-Exchange Precious Metals Transactions - Court Also Imposes Permanent Trading And Registration Bans Against Them

Date 13/06/2017

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Jose E. Martinez of the U.S. District Court for the Southern District of Florida entered a Consent Order against North American Asset Management, LLC (NAAM) of Fort Lauderdale, Florida, its owner and president Alexi Bethel of Miami, Florida, and its owner and managing director Steven Labadie of Lake Worth, Florida. The Order finds that NAAM, Bethel, and Labadie engaged in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis and requires them, jointly and severally, to pay restitution of $648,759.60 and a $977,430.47 civil monetary penalty.

CFTC’s Market Risk Advisory Committee Announces Agenda For June 20 Public Meeting

Date 13/06/2017

The U.S. Commodity Futures Trading Commission’s (Commission) Market Risk Advisory Committee (MRAC) will hold a public meeting on June 20, 2017 at the CFTC's Washington, DC, headquarters.

FIA Response To EC Proposal On Clearing In Europe

Date 13/06/2017

In response to a legislative proposal on further amendments to the European Market Infrastructure Regulation (EMIR) regarding clearing in Europe, FIA president and CEO Walt Lukken released the following statement:

FINRA Launches Innovation Outreach Initiative - Blockchain Symposium To Take Place In NYC On July 13

Date 13/06/2017

The Financial Industry Regulatory Authority (FINRA) announced today that it has established an Innovation Outreach Initiative to foster an ongoing dialogue with the securities industry that will help FINRA better understand financial technology (fintech) innovations and their impact on the industry.

European Commission - Fact Sheet: Questions And Answers On The Proposal To Amend The European Market Infrastructure Regulation (EMIR)

Date 13/06/2017

What is EMIR and why is the Commission proposing to amend it?

The European Market Infrastructure Regulation (EMIR) is a centrepiece of the legislation introduced in the wake of the financial crisis to make financial markets safer and more transparent. A key pillar of EMIR is the requirement for standardised OTC derivatives contracts to be cleared through a Central Counterparty (CCP), which entered into force in December 2015 (for more information see here). EMIR also introduced strict prudential, organisational and business conduct requirements for CCPs and established arrangements for their supervision to minimise any risk to users of a CCP and underpin the financial stability of the system (for technical terms, see glossary at the end of the MEMO).

Renewal Of Euronext Reference Shareholders Agreement

Date 13/06/2017

• Renewal of the Euronext Reference Shareholders Agreement expiring on 20 June 2017 for a further period of two years
• New reference shareholders group accounting for 23.86% of Euronext’s share capital
• Supervisory Board representation maintained with one third of the Supervisory Board seats