News Centre

FINRA Receives SEC Approval On Rule Proposal Addressing Financial Exploitation Of Seniors

Date 30/03/2017

The Securities and Exchange Commission has approved FINRA’s rule proposal addressing financial exploitation of seniors. FINRA today issued Regulatory Notice 17-11 announcing a February 5, 2018 effective date for the rule proposal.

SIFMA Releases Muni Issue Price Model Documents For Industry Comment

Date 30/03/2017

SIFMA today released draft municipal security issue price model documents in an effort to aid industry market participants in compliance with the new Treasury Department issue price rules for municipal securities, which become effective on June 7, 2017. 

New York Attorney General Eric T. Schneiderman Announces Volkswagen To Pay New York $32.5 Million – Marking First-Ever NY State Environmental Enforcement Penalty Against An Automaker For Emissions Violations - With The Federal Government Proposing Rollbacks In Environmental Regulation, VW Case Paves Way For State Enforcement Of Tougher Auto Emissions Standards - Volkswagen, Audi And Porsche Will Pay $157 Million To Ten States – Including $32.5 Million To New York – In Environmental Penalties For Violating State Emissions Standards By Selling Over 570,000 Excessively Polluting Sedans And Suvs - Volkswagen Will Increase Investment In Electric Vehicle Market By Committing To Offer For Sale Three New Electric Car Models In New York By 2020, Including Two Electric Suvs – Up From One Model Now

Date 30/03/2017

Attorney General Eric T. Schneiderman announced today that Volkswagen AG, Audi AG and Porsche AG, as well as their American subsidiaries, have agreed to pay over $157 million to ten states – including $32.5 million to New York – to settle the environmental lawsuits first filed last summer by New York and Massachusetts challenging the companies’ secret use of unlawful “defeat device” software in their vehicles – software that caused tens of thousands of tons of excess harmful pollutants to be emitted into the air in New York and other states.

SIFMA Comments On Potential Revisions To Reg NMS

Date 30/03/2017

SIFMA yesterday submitted to the SEC a set of recommendations for review of the SEC’s Regulation NMS, which governs trading of the equities markets.  Acting Chairman Michael Piwowar has requested industry comments on Regulation NMS, and the SEC has established a public comment period in advance of the April 5, 2017 meeting of the Equity Market Structure Advisory Committee. SIFMA appreciates the opportunity to provide its members’ on-the-ground insight regarding potential revisions to modernize Reg NMS and address unintended consequences.   

Keeping Up With The Credit Sector: The FCA’s View On The Market Today - Speech By Jonathan Davidson, Director Of Supervision – Retail And Authorisations At The FCA, At Credit Summit In London.

Date 30/03/2017

Highlights

• The consumer credit market is constantly changing in line with the society it serves.
• We have to keep building and rebuilding our understanding of consumer behaviour in order to maintain a model of credit regulation that works for the long term.
• Since taking over the regulation of consumer credit, we, together with industry we have made significant progress in driving up standards in the sector.
• Culture plays a crucial role in determining good outcomes for consumers. Customer wellbeing should be at the heart of decision-making in firms.
• Dialogue with firms is hugely impactful in informing our thinking. It is vital that the channels of communication between the industry and the FCA remain open.

Nasdaq Files Notice Of Annual Meeting Of Stockholders

Date 30/03/2017

On March 29, 2017, Nasdaq, Inc. (“Nasdaq”) filed with the U.S. Securities and Exchange Commission (the “SEC”) the following materials relating to its 2017 annual meeting of stockholders: (i) a definitive proxy statement and (ii) a notice regarding the availability of proxy materials.

London Stock Exchange Group PLC - Transaction In Own Shares

Date 30/03/2017

London Stock Exchange Group PLC (the "Company") announces that it has purchased through Barclays Capital Securities Limited, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 27 April 2016, the following number of its ordinary shares of 6 79/86 pence each ("Shares") on the London Stock Exchange as part of the buyback programme announced on 29 March 2017:

Tel Aviv Stock Exchange: Opening Bell Ceremony With Shikun & Binui Management, Celebrating Good Deeds Day

Date 30/03/2017

Managements of ORT Israel Schools network and Shikun & Binui Ltd., as well as other representatives from the business sector, took part in the Tel Aviv Stock Exchange (TASE) 

World’s Largest Corporate Masala Bond Starts Trading On London Stock Exchange

Date 30/03/2017

• HDFC’s Rupee denominated bond raises INR 33 billion ($504 million equivalent), with 7.35% annual yield
• Offer is two times oversubscribed highlighting strong international investor demand
• Follows landmark London issuance for HDFC in July 2016, the first ever Indian corporate to list a Masala bond
• Bond issued under HDFC’s London listed $750 million MTN programme
• Confirms London Stock Exchange’s position as leading international listing venue for Indian finance

Bats Welcomes StrongVest As A New Issuer To The Bats ETF Marketplace - 29 Issuers, 158 Funds Now Listed On Bats In The U.S.

Date 30/03/2017

Bats, a CBOE Holdings, Inc. company, and a leading market for exchange-traded fund (ETF) trading globally, today welcomed StrongVest Global Advisers, LLC as a new issuer to the Bats ETF Marketplace.