News Centre

UK's Financial Conduct Authority Provides Update On Regulatory Sandbox

Date 15/06/2017

The Financial Conduct Authority (FCA) today provides an update on its regulatory sandbox and unveils the list of firms that were successful in their applications to begin testing in the second cohort of the sandbox.

Singapore Diamond Investment Exchange Partners With Kynetix And Everledger To Trial First-Ever Blockchain Verification And Record-Keeping Service For Diamond Trading

Date 15/06/2017

Singapore Diamond Investment Exchange (SDiX), the world’s first commodity exchange in physically settled diamonds, today announced that it has successfully partnered with Kynetix, the physical commodity digitisation expert, and Everledger, supplier of blockchain and distributed ledger infrastructure, to complete the first part of a Proof-Of-Concept of a blockchain-based authentication and secure record-keeping service for trading diamonds on a global commodity exchange. 

New President Appointed To CISI Jersey Branch

Date 15/06/2017

Edward Loader, Chartered FCSI has been appointed President of the Chartered Institute for Securities & Investment (CISI) Jersey branch.

ASIC Welcomes The Dawn Of A New Regulatory Era

Date 15/06/2017

The Australian Securities and Investments Commission (ASIC) today welcomed the passage of legislation enabling a more secure and accountable funding of the model for regulation of the Australian corporate sector.

The Next Evolution In Asset Management In Japan, Speech By Nobuchika Mori, Commissioner, Japan's Financial Services Agency At The 8th International Seminar Of The Securities Analysts Association Of Japan, April 7, 2017, Tokyo

Date 15/06/2017

Over the past several years, I have consistently been calling for financial institutions to do business with a customer-first approach. If companies continue to provide high-quality products and services that satisfy customers’ needs, their corporate value will be enhanced. This principle applies not only to the financial services industry but to most industries.

Shenzhen Securities Information Co., Ltd.,: ‘Belt-And-Road’ Pakistan Featured Enterprise Projects Roadshow Held In Qianhai

Date 15/06/2017

Recently, the Pakistan Featured Enterprise Projects Roadshow was held at Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub. A cross-border projects roadshow under the Belt and Road Initiative, the event was co-sponsored by the Shenzhen Securities Information Co., Ltd., the wholly-owned subsidiary of Shenzhen Stock Exchange (SZSE), and Qianhai Financial Holding Co., Ltd., and co-organized by China Hi-tech Zone Technology Financial Information Service Platform (the Platform) and Qianhai International Capital Service Center. Relevant corporate executives of Shenzhen Securities Information Co., Ltd. and Qianhai Financial Holding Co., Ltd. attended the event and made speeches.

ASIC: UBS Securities Pays $280,000 In Infringement Notice Penalties

Date 15/06/2017

UBS Securities Australia Limited ('UBS') has paid penalties totalling $280,000 to comply with two infringement notices given to it by the Markets Disciplinary Panel ('the MDP').

The first infringement notice ($140,000) relates to the operation, use and monitoring of a crossing system known as UBS Price Improvement Network ('UBS PIN').

Investor Q&A On The Relevant Issues Relating To The Detailed Implementation Rules Of Shenzhen Stock Exchange On The Reduction Of Shareholdings By Shareholders, Directors, Supervisors And Senior Executives Of Listed Companies

Date 15/06/2017

Q1. What are the main backgrounds and objectives of the Implementing Rules?

A: Recently, China Securities Regulatory Commission (hereinafter, CSRC) released the revised Several Regulations on the Reduction of Shareholdings by Shareholders, Directors, Supervisors and Senior Executives of Listed Companies (CSRC Announcement [2017] No.9) (hereinafter, Regulations) to further regulate reduction of shares by shareholders, directors, supervisors and senior executives of listed companies and promote the long-term sound and stable development of the securities market. In order to implement the requirements of the Regulations, the Shenzhen Stock Exchange (SZSE) formulated the Detailed Implementation Rules of Shenzhen Stock Exchange on the Reduction of Shareholdings by Shareholders, Directors, Supervisors and Senior Executives of Listed Companies (hereinafter, Implementing Rules) after systematic summarization of its practice in front-line supervision of share sales by shareholders.

SGX Welcomes World Class Global Limited To Catalist

Date 15/06/2017

Singapore Exchange (SGX) today welcomed World Class Global Limited to Catalist under the stock code “1E6”.

Reporter Q&A On The Detailed Implementation Rules Of Shenzhen Stock Exchange On Reduction Of Shareholdings By Shareholders, Directors, Supervisors And Senior Executives Of Listed Companies

Date 15/06/2017

1. What are the backgrounds and main considerations for launching the Implementation Rules?

The share sales mechanism for shareholders of listed companies is a key basic mechanism of the capital market and also a big concern in securities trading on the secondary market. In order to regulate share sales activities on the secondary market, in January 2016, China Securities Regulatory Commission (hereinafter, CSRC) released the Several Regulations on Reduction of Shareholdings by Controlling Shareholders, Directors, Supervisors and Senior Executives of Listed Companies and as a supporting policy, SZSE formulated the Circular on Relevant Issues on the Implementation of the Several Regulations on Reduction of Shareholdingsby Substantial Shareholders, Directors, Supervisors and Senior Executives of Listed Companies. The implementation of such regulations and circular has played a positive role in guiding proper share sales, clarifying market expectations and promoting the stable and sound development of the market. Despite all this, over the past year, new situations and problems have arisen in the market. For example, after substantial shareholders reduced shares through block trading, the transferees immediately sold out such shares in large quantities on the secondary market; also, some shareholders conducted “liquidation-like” share sales, and some directors, supervisors and senior executives sold shares by resigning before the expiration of their terms, etc. These activities have aroused market attention.