News Centre

CFTC Staff Issues Advisory Clarifying Chief Compliance Officer Reporting Line Requirements

Date 25/07/2016

The U.S. Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight is issuing a staff advisory regarding chief compliance officer reporting line requirements for swap dealers, major swap participants, and futures commission merchants under Commission Regulation 3.3.

SEC: LAN Airlines Settles FCPA Charges

Date 25/07/2016

The Securities and Exchange Commission today announced that South American-based LAN Airlines has agreed to pay more than $22 million to settle parallel civil and criminal cases related to improper payments it authorized during a dispute between the airline and its union employees in Argentina.

London FinTech Week 2016 - Innovation In RegTech: Speech By Christopher Woolard, Director Of Strategy And Competition At The FCA, Delivered At London FinTech Week 2016

Date 25/07/2016

It’s a pleasure to have the chance to speak here today about the critical role innovation and specifically RegTech play in the FCA’s agenda.

Mandatory Notification Of Trades - Oslo Børs VPS Holding ASA

Date 25/07/2016

In connection with a monthly share savings plan for employees of subsidiaries, Oslo Børs VPS Holding has sold a total of 2051 shares. New holding is 9377 shares. Employees paid a share price of NOK 85,06 per share, but were allowed a discount of 20% on purchases up to NOK 625.

Deutsche Börse - London Stock Exchange Group: Announcement Pursuant To Section 23 Para. 1 Sent. 1 No. 1 Of The German Securities Acquisitions And Takeover Act (Wertpapiererwerbs- Und Übernahmegesetz – “WpÜG”)

Date 25/07/2016

On 1 June 2016, HLDCO123 PLC, London, United Kingdom, (the “Bidder“) has published the offer document for its voluntary public takeover offer in the form of an exchange offer (“Takeover Offer“) to the shareholders of Deutsche Börse Aktiengesellschaft, Frankfurt am Main (“Deutsche Börse“), to acquire all no-par value registered shares in Deutsche Börse (ISIN DE0005810055) (“Deutsche   Börse   Shares“)    for   a   consideration   of   one   (1)   share   of   the   Bidder (ISIN GB00BYMYCZ62) for one (1) Deutsche Börse Share, except for certain Japanese Deutsche Börse shareholders excluded from the Takeover Offer. As a result of the amendment of the Takeover Offer made on 11 July 2016, the acceptance period for the Takeover Offer has been extended by two weeks and, therefore, expires on 26 July 2016, 24:00 hours (CEST), unless it is extended again pursuant to the applicable rules under the WpÜG.

ICICI And AXIS Banks Join SWIFT’s Global Payments Innovation Initiative - ICICI And AXIS Are The First Indian Banks To Join The Initiative

Date 25/07/2016

SWIFT announces today that ICICI Bank and AXIS Bank are the first Indian banks to sign up for its global payments innovation initiative. Both banks will be joining forces with more than 70 other leading banks globally. The initiative aims to enhance cross-border payments by leveraging SWIFT’s proven messaging platform and global reach.

Joint U.S.-EU Financial Regulatory Forum Joint Statement

Date 25/07/2016

U.S. and EU participants in the Joint Financial Regulatory Forum (“Forum”) met on July 18 and 19, 2016 in Washington, D.C. to exchange views on financial regulatory developments as part of their ongoing dialogue previously characterized as the U.S.-EU Financial Markets Regulatory Dialogue.

Dubai Financial Market Company Posts Net Profit Of AED 139.6 Million During The First Half Of 2016

Date 25/07/2016

His Excellency Essa Kazim:

• The market has demonstrated high level of resiliency despite of the unfavorable circumstances with General Index amongst the best performing leading indices globally and foreign investors’ net purchases amounted at AED 1.4 Billion
• Preparations are underway to build a smart and sustainable headquarter in line with our “Smart Borse” strategy and Dubai’s leading position as a global financial hub
• The ETF listing for the first time, the introduction of “Direct Deals Service” and the growing momentum of Rights Issues’ trading reinforce DFM’s strategy of innovation and diversification

SGX: Five Industrial REITs Report June Quarter Earnings

Date 25/07/2016

ESMA Issues Warning On Sale Of Speculative Products To Retail Investors

Date 25/07/2016

The European Securities and Markets Authority (ESMA) has today issued a warning about the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors who are unaware of the risks associated with these products, and also highlights the regulatory action taken in relation to several Cyprus-based investment firms.