News Centre

IOSCO Reports On Business Continuity Plans For Trading Venues And Intermediaries

Date 22/12/2015

The Board of the International Organization of Securities Commissions (IOSCO) today published two reports that seek to enhance the ability of financial markets and intermediaries to manage risks, withstand catastrophic events, and swiftly resume their services in the event of disruption.

Moscow Exchange: Risk Parameters Change For The Securities

Date 22/12/2015

The following risk parameters for the securities URKA will be changed:

·         Lower REPO Penalty Rate (LPenRate)

Hong Kong's Securities And Futures Commission Bans Suen King Shan For Four Years

Date 22/12/2015

The Securities and Futures Commission (SFC) has banned Mr Suen King Shan from re-entering the industry for four years from 22 December 2015 to 21 December 2019 over breaches of the SFC’s Code of Conduct (Notes 1 & 2).

BSE: Suspension Of Companies As A Surveillance Measure

Date 22/12/2015

Trading Members are aware that, in past, SEBI had passed several orders against the concerned parties/companies, inter alia, in relation to unusual price movements vis -a- vis preferential issue price and weak financials of the company.

Japan's Financial Services Agency: Disciplinary Action Against An Audit Firm And Certified Public Accountants

Date 22/12/2015

On December 22, 2015, the FSA issued an administrative order to Ernst & Young ShinNihon LLC ("the firm"), suspending the firm from accepting new engagements for 3 months from January 1, 2016, to March 31, 2016 and requiring the firm to improve its operations, pursuant to Article 34-21(2) (ii) and (iii) of the Certified Public Accountants Act ("the Act"). The reason for the action is that partners of the firm had, in negligence of due care, attested the financial statements of TOSHIBA CORPORATION for FY2009, FY2011 and FY 2012 (for years that ended March 31, 2010, 2012 and 2013) containing material misstatements as if the statements contained no material misstatements and the firm’s operations are significantly inappropriate. In addition, the FSA issued an administrative order to suspend certified public accountants, who are the partners of the firm, from providing services for 1, 3, or 6 months, pursuant to the Article 30 (2) and (3) of the Act. The reason for the action is that they had, in negligence of due care, attested that above financial statements containing material misstatements as if the statements contained no material misstatements.

Investec Bolsters Its Defensive Suite Following Market Rout

Date 22/12/2015

Investec Structured Products is pleased to announce the launch of two new defensive plans that are linked to the FTSE 100 index: the FTSE 100 Defensive Growth Plan 1 and the FTSE 100 Defensive Kick-Out Plan 1.

Japan's Financial Services Agency: Commencement Of A Hearing Procedure Regarding Administrative Monetary Penalty Payment Order Against Ernst & Young ShinNihon LLC

Date 22/12/2015

On December 22, 2015, the FSA decided, pursuant to Article 34-21-2(1)(ii) of the Certified Public Accountants Act, to commence a hearing procedure regarding administrative monetary penalty payment order of 2,111 million yen against Ernst & Young ShinNihon LLC ("the firm"). The reason for the action is that partners of the firm had, in negligence of due care, attested that the financial statements of TOSHIBA CORPORATION for FY2011 and FY2012 (for years that ended March 31, 2012 and 2013) containing material misstatements as if they contained no material misstatements.

ESMA Issues MiFID II Guidelines On Cross-Selling Practices

Date 22/12/2015

The European Securities and Markets Authority (ESMA) has published its Guidelines on Cross-Selling Practices under MiFID II (guidelines) to ensure investors are treated fairly when an investment firm offers two or more financial products or services as part of a package.

Solvay Raises € 1.5 Billion On Euronext Brussels

Date 22/12/2015

Euronext Brussels today congratulated Solvay (SOLB), a worldwide chemical and advanced materials company, on its successful right issue, which was launched to complete the financing of the acquisition of Cytec. This transaction is Solvay’s first capital increase since its listing on the Stock Exchange in 1967. It is also the largest capital increase on Euronext Brussels since 2008, the largest on the Euronext markets in 2015.

With The Participation Of Eight Kuwaiti And Three Bahraini Companies: DFM Holds Workshop In Kuwait To Update Dual-Listing Companies On Electronic Disclosure System And Depositary Services

Date 22/12/2015

Dubai Financial Market (DFM) organized a workshop in Kuwait with the participation of 11 dual listing companies, as part of the exchange’s commitment to constantly outreach and further strengthen the relationship with the listed companies as well as updating them on its issuer services.