News Centre

ASIC Consults On Consolidating ASIC Market Integrity Rules

Date 24/01/2017

ASIC has today released a consultation paper proposing to consolidate and clarify Australia's market integrity rules.

Shenzhen Stock Exchange Weekly Bulletin 23 January, 2017, Issue 4

Date 24/01/2017

With the joint efforts of multiple market participants, the new generation trading system independently researched and developed by SZSE had its trial run on May 9, 2016 and was officially put into use on June 6 of the year, having safely run for 173 trading days since then. During this period, it supported the collaborative switching online by batches and steps of transaction participants and underwent the test of an innovative business Shenzhen-Hong Kong Stock Exchange. Overall, the system has run stably with sound performance delivered in various performance indicators. The peak order rate exceeded 200,000 orders per second and the average time delay of order processing approximated 1.1 milliseconds, with the expected design target delivered and the safe running record of near 15 years kept.

Ontario Securities Commission: Investor Advisory Panel Issues Risk Profiling Roundtable Report

Date 23/01/2017

The Investor Advisory Panel (IAP), an independent committee established by the Ontario Securities Commission (OSC), today released a report on the risk profiling roundtable that it jointly organized with the OSC Investor Office on September 28, 2016. The roundtable was held to explore the findings of the IAP’s research report on the risk profiling used in the retail investment advice process and provide recommendations on possible next steps to improve risk profiling.

British Columbia Securities Commission Study Confirms Investors Need To Learn More About Fees - As New Fee Reports Begin Arriving, Many Investors Remain Unwareof How And How Much They Pay Their Investment Advisors

Date 23/01/2017

Just in time for RRSP season, many investors will receive new information about the fees they pay for investment products and advice, and the British Columbia Securities Commission (BCSC) wants to ensure that investors are ready to "Take a Look" at that information.

SEC: Shipping Conglomerate And Former CFO Charged With Failure To Recognize Hundreds Of Millions In Tax Liabilities

Date 23/01/2017

The Securities and Exchange Commission today charged shipping conglomerate Overseas Shipholding Group (OSG) and its former chief financial officer Myles R. Itkin with failing to recognize hundreds of millions in tax liabilities in its financial statements that had accumulated over nearly 12 years resulting from its controlled foreign subsidiary guaranteeing OSG’s debt that had been borrowed under various credit financing agreements.  As a result of the misconduct, OSG materially understated its income tax liabilities by approximately $512 million (17 percent) of its total liabilities.  In November 2012, following the discovery of the tax liabilities, OSG filed for bankruptcy protection.

Women In ETFs Celebrates Third-Year Anniversary, At Inside ETFs Conference, Marking Sharp Expansion Of Membership And Programs Across Global Chapters.

Date 23/01/2017

Women in ETFs (WE), the first women’s group for the ETF industry, celebrated its third-year anniversary at the Inside ETFs conference in Hollywood, Florida with a breakfast event. Founded in January 2014, WE is a non-profit organization that brings together over 2,500 members, including women and men, in chapters in major financial centers across the United States, Canada, EMEA and Asia Pacific to further the careers of women by leveraging our collective skill and ambition. 

SIFMA Market Close Recommendations In The U.S., The U.K. And Japan For Presidents Day

Date 23/01/2017

SIFMA has confirmed its previous recommendation for a full market close on Monday, February 20 for the trading of U.S. dollar-denominated fixed-income securities in the U.S., the U.K. and Japan in observance of the U.S. Presidents Day Holiday.  

Speech By Patrick Armstrong, Senior Risk Analysis Officer, Innovation And Products Team, ESMA: FinTech, Oslo Børs ASA Conference, 18 January 2017

Date 23/01/2017

Ladies and gentlemen,

It is both an honour and a great pleasure to be here today to speak at the Oslo Børs ASA: Stock exchange and Securities Conference.

Let me start by thanking the Oslo Børs for hosting us today and for having invited me to participate. The issue of FinTech and the regulatory response is a critical topic for both regulators and market participants. The challenge is what I call a regulatory ‘tipping point’ when does the regulator step in --- the point between ‘too small to care’ and ‘too large to ignore’.

SEC Announces Fraud Charges, Asset Freeze In Alleged Nursing Home Investment Scheme

Date 23/01/2017

The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze obtained against a businessman in South Carolina accused of siphoning funds he raised from investors for the purpose of purchasing or renovating senior housing facilities.

CFTC Extends Public Comment Period For The Supplemental Proposal For Regulation Automated Trading

Date 23/01/2017

The U.S. Commodity Futures Trading Commission (CFTC) announced today that it is extending the comment period for the supplemental proposal for Regulation Automated Trading (Regulation AT) to May 1, 2017. The CFTC recognizes the broad range of topics addressed in the supplemental proposal and the number of questions within it. Notice of this action will be published in the Federal Register shortly. All comments will be posted on the CFTC’s website.