News Centre

Canadian Securities Administrators Publish Final Amendments Mandating A CSA Mutual Fund Risk Classification Methodology For Use In Fund Facts And ETF Facts

Date 08/12/2016

The Canadian Securities Administrators (CSA) today published final amendments that require fund managers to use a standardized CSA mutual fund risk classification methodology (Methodology) to determine the investment risk level of conventional mutual funds and exchange-traded mutual funds (ETFs) (collectively referred to as “mutual funds”) in the Fund Facts and ETF Facts, respectively.

Remarks To The Investor Advisory Committee, SEC Chair Mary Jo White, Washington, D.C., Dec. 8, 2016

Date 08/12/2016

Good morning and welcome to this year’s final meeting of the Investor Advisory Committee. This Committee has been a tremendous asset to the Commission during my tenure as Chair and it is worth reminding ourselves of your critical purpose as we are ending this calendar year.

Canadian Securities Regulators Publish Final Amendments Mandating A Summary Disclosure Document And Delivery Regime For Exchange-Traded Mutual Funds

Date 08/12/2016

The Canadian Securities Administrators (CSA) today published final amendments that require exchange-traded mutual funds (ETFs) to produce and file a summary disclosure document called “ETF Facts.” The amendments also require dealers that receive an order to purchase ETF securities to send or deliver an ETF Facts to investors within two days of the purchase.

Exchange Of The Year: FOW International Awards Recognizes BM&FBOVESPA’s Performance In South America

Date 08/12/2016

On Wednesday (December 07) BM&FBOVESPA was awarded the status of “Exchange of the Year ¿ South America” by the annual FOW International Awards for the recognition of players in global financial and capital markets.

Enforcement Director Andrew J. Ceresney To Leave SEC

Date 08/12/2016

The Securities and Exchange Commission today announced that Enforcement Director Andrew J. Ceresney will leave the agency by the end of the year. 

Office Of Financial Research Update: “Time Is Right For LIBOR Alternative”

Date 08/12/2016

The OFR posted a blog today by Director Richard Berner, entitled, “Time is Right for LIBOR Alternative.” In it, Director Berner says, “LIBOR is not just an interest rate. It is an interest rate benchmark, or reference rate, one that plays a central role in financial markets and our economy. But there are doubts about LIBOR’s reliability, prompting the Federal Reserve and the Office of Financial Research (OFR) to work with other agencies and market participants to devise a reliable, widely accepted alternative.” He adds, “The OFR is involved in the planning — already well underway — and will be involved with implementation when it occurs.”.

AFME Seeks To Harmonise Post Trade Network Selection Process With New Standardised Due Diligence Questionnaire

Date 08/12/2016

The Association for Financial Markets in Europe (AFME) has published a new due diligence questionnaire with a view to standardising and simplifying the process of completing such questionnaires for sub-custodians.

OCC Honored With 2016 Clearing House Of The Year Award - The Americas From FOW Magazine

Date 08/12/2016

OCC, the world's largest equity derivatives clearing organization, announced today it has won the 2016 Clearing House of the Year - The Americas from FOW Magazine. Presentation of the award took place on December 7 at the FOW International Award gala dinner in London, honoring achievements that have supported the advancement of the global derivatives industry.

AFME Comments On STS Securitisation Vote: Europe Risks Losing A Vital Financing Tool

Date 08/12/2016

Following the vote on the Simple Transparent and Standardised (STS) Securitisation package, announced today in the European Parliament, Richard Hopkin, Head of Fixed Income at AFME, said:

“As the trade association that represents all the leading industry participants in European securitisation markets - including originators, sponsors and issuers, underwriters, investors - we welcome the fact that the European Parliament and Council have now endorsed the establishment of an STS framework and that MEPs support in principle the introduction of a regime for both third country STS securitisations and for non-EU participants.”

SGX Reports Market Statistics For November 2016

Date 08/12/2016

Securities

• Total Securities market turnover value was at S$29.3 billion, up 49% month-on-month and up 51% year-on-year, over 22 trading days. There were 21 trading days in October 2016 and 20 in November 2015.