News Centre

UAE Securities And Commodities Authority Launches A New Service On Its Website To Help Shareholders Inquire About Unclaimed Dividends Dating Back To Before March 2015

Date 07/05/2024

As part of its efforts to ensure that shareholders of locally listed public joint stock companies claim their dividends dating back to before March 2015, the Securities and Commodities Authority (SCA) announced the launch of a new service on its website, www.sca.gov.ae, that helps shareholders check to see if their names are among those entitled to dividends in an easy and simplified manner.

Monetary Authority Of Singapore Imposes Composition Penalty Of S$2.5 Million On Swiss-Asia Financial Services Pte. Ltd. For AML/CFT Breaches, Reprimands Its CEO And COO

Date 07/05/2024

The Monetary Authority of Singapore (MAS) has imposed a composition penalty of S$2.5 million on Swiss-Asia Financial Services Pte. Ltd. (SAFS) for breaches of MAS’ anti-money laundering and countering the financing of terrorism (AML/CFT) requirements. MAS has also issued a reprimand to SAFS’ chief executive officer (CEO), Mr Olivier Pascal Mivelaz, and its chief operating officer (COO), Mr Steve Knabl, for failing to discharge their duties and functions of ensuring that SAFS complied with MAS’ AML/CFT requirements. 

JPX Monthly Headlines - April 2024

Date 07/05/2024

JPX group companies undertake various initiatives and disseminate information with the aim of providing the most attractive markets to all users.

ASIC Issues Warning Over Dodgy Cold Calling Operators And Online Baiting Tactics

Date 07/05/2024

ASIC is warning consumers to be wary after an ASIC review identified some cold calling operators using high-pressure sales tactics and online click-bait advertisements to lure consumers into receiving inappropriate superannuation switching advice.

Shenzhen Stock Exchange Releases The Handbook For Performance Of Duties Of Independent Directors And Audit Committees To Promote The Improvement Of Listed Companies' Governance

Date 07/05/2024

On April 11, 2024, SZSE released the "Handbook for Performance of Duties of Independent Directors and Audit Committees" (hereinafter referred to as the "Performance Handbook"). It aims to further enhance regulatory service capabilities and guide independent directors and audit committees of listed companies in standardizing their performance of duties to improve quality and efficiency, thereby promoting the continuous enhancement of corporate governance of listed companies.

SIFMA Statement On Incentive Compensation Proposal

Date 06/05/2024

SIFMA issued the following statement from president and CEO Kenneth E. Bentsen, Jr. related to today’s proposal on bank incentive compensation:

“SIFMA agrees with the policy objective to ensure that incentive-based compensation arrangements do not undermine the safety and soundness of financial institutions by encouraging inappropriate risk-taking."

Deutsche Börse: Unscheduled Component Change In SDAX

Date 06/05/2024

STOXX Ltd. has announced an unscheduled component change in the SDAX index.

A Crowd Of Angels: Remarks Before The Small Business Capital Formation Advisory Committee, SEC Commissioner Hester M. Peirce, Washington D.C.

Date 06/05/2024

Thank you, Erica. Thank you all for your continued willingness to serve. I look forward to today’s discussions on crowd funding and angel investing, both of which are invaluable to capital formation at early-stage companies. I also look forward to hearing your discussion with Val Szczepanik, head of our Strategic Hub for Innovation and Financial Technology (“FinHub”).

US Acting Comptroller Of The Currency Issues Statement On Notice Of Proposed Rulemaking On Incentive Compensation

Date 06/05/2024

Acting Comptroller of the Currency Michael J. Hsu today issued the following statement supporting an interagency notice of proposed rulemaking (NPR) on incentive compensation.

CFTC Commissioner Pham To Speak On NCUA Panel For AANHPI Heritage Month

Date 06/05/2024