News Centre

Shanghai Stock Exchange: Notice Of Advancing Asset Securitization Business For Public-Private Partnership (PPP) Projects In Traditional Infrastructure Fields

Date 22/02/2017

To implement the requirements of the “Notice of the National Development and Reform Commission and the China Securities Regulatory Commission (CSRC) on Advancing the Work Concerning the Asset Securitization for the Public-Private Partnership (PPP) Projects in Traditional Infrastructure Fields” (NDRC Investment [2016] No. 2698) and other documents, push forward the innovation in the financing modes of the PPP projects and improve the capability of serving the real economy, the Shanghai Stock Exchange (SSE), in accordance with the “Administrative Provisions on the Asset Securitization Business of Securities Companies and Subsidiaries of Fund Management Companies” and the “SSE Business Guidelines for Asset Securitization”, makes the announcement on the matters concerning the advancement of the asset securitization business for the PPP projects as follows:

Shenzhen Stock Exchange Weekly Bulletin 20 February, 2017, Issue 6

Date 22/02/2017

The China Securities Regulatory Commission (CSRC) on February 17 amended the refinancing rules and capped the maximum shares that listed companies can sell through private placements at no more than 20 percent of their total capitalization. The amended rules also require a time gap of at least 18 months from the previous share issuance by a listed company to refinance. In addition, listed companies, excluding financial companies, cannot hold long-term and large amount financial assets for trading and investment purposes when applying for refinancing.

CalPERS' Board Elects Committee Chairs, Vice Chairs - Leadership Will Guide Five Board Committees For Year Ahead

Date 22/02/2017

The California Public Employees' Retirement System (CalPERS) Board of Administration has elected the following chairs and vice chairs of key board committees:

ASIC Updates Its Guidance On Fee Disclosure Statements

Date 21/02/2017

ASIC has today released an updated Regulatory Guide 245 Fee disclosure statements (RG 245) to reflect regulatory and legislative changes since the guide was first published, including revisions to the Future of Financial Advice (FOFA) reforms.

ITG - To BIVA Or To BMV: That Is The Question

Date 21/02/2017

Trading Mexico in 2017

Mexico faces headwinds this year from three fronts—local politics, the economy and international trade. Access to the equity markets via the national exchange Bolsa de Valores, more commonly known as the BMV, is no exception.

While the economy and international trade are being affected by a new U.S. administration led by Donald Trump, the BMV’s issues lie within its own infrastructure. Delayed market data or bandwidth during rebalances forced the BMV to close its doors to investors four times in 2016 while it dealt with the outages. This has highlighted the need for a new exchange for competition.

Canada's Joint Serious Offences Team Makes First Arrest In Fight Against Financial Crime

Date 21/02/2017

The Alberta Securities Commission (ASC) and the Alberta RCMP announced today that Neil Andrew McDonald of Calgary has been charged with alleged breaches of the Criminal Code following an investigation by the Joint Serious Offences Team (JSOT) in Alberta.

Readout From A Treasury Spokesperson Of Secretary Mnuchin’s Call With International Monetary Fund Managing Director Christine Lagarde

Date 21/02/2017

U.S. Treasury Secretary Steven Mnuchin spoke by phone today with Christine Lagarde, Managing Director of the International Monetary Fund (IMF). 

ESMA: Compliance Table For The Guidelines On Market Making Activities Under The Short Selling Regulation

Date 21/02/2017

Guidelines compliance table

Exemption for market making activities and primary market operations under Regulation (EU) 236/2012 of the European Parliament and the Council on short selling and certain aspects of Credit Default Swaps (ESMA/2013/74)

Vienna Stock Exchange To Offer IT Solution Featuring MiFID II Compliance

Date 21/02/2017

MiFID II, the EU Directive for Markets in Financial Instruments will take effect at the beginning of 2018 and have a significant impact on pre-trade and post-trade transparency requirements for European financial markets. The Directive also covers many more financial instruments than has been the case until now. In response, the Vienna Stock Exchange is working on an IT solution for MIFID II reporting obligations regarding OTC transactions and the reporting of orders and quotes for investment firms (including systematic internalisers). The Vienna Stock Exchange will make this service available pending regulatory approval from the FMA for offering an APA (Approved Publication Arrangement). The new service will be called TTR® II and is based on its already established service TTR® (Transparent Trade Reporting, covers MiFID requirements).

Readout From A Treasury Spokesperson Of Secretary Mnuchin’s Call With Mexican Secretary Of Finance And Public Credit José Antonio Meade

Date 21/02/2017

U.S. Treasury Secretary Steven Mnuchin spoke by phone today with Mexican Secretary of Finance and Public Credit José Antonio Meade.