News Centre

Shanghai Stock Exchange Revises 3 Supporting Rules For Delisting

Date 04/02/2015

It is learnt from the Shanghai Stock Exchange (SSE) lately that to implement new delisting regulations in the “Stock Listing Rules” (the “Listing Rules” for short), the SSE has revised and improved three supporting rules for delisting, which are to be issued and put into effect today. The three supporting rules revised this time include the “SSE Measures on Re-listing of Delisted Companies (Revised in 2015)” (the “Measures” for short), the “SSE Detailed Rules on Business in Delisting Arrangement Period (Revised in 2015)” (the “Detailed Rules” for short), and the “SSE Administrative Measures on Stock Trading on Risk Alert Board (Revised in 2015)” (the “Administrative Measures” for short). Previously, the SSE revised the “Listing Rules” in accordance with the “Opinions on Reform, Improvement and Implementation of the Delisting System of Listed Companies” released by the China Securities Regulatory Commission (CSRC), and released it on October 17, 2014.

TMX Group Limited Declares Dividend Of $0.40 Per Common Share

Date 04/02/2015

The Board of Directors of TMX Group Limited declared a dividend of $0.40 on each common share outstanding, payable on March 6, 2015 to shareholders of record at the close of business on February 20, 2015.

TMX Group Limited Reports Results For The Fourth Quarter 2014

Date 04/02/2015

• Revenue of $182.7 million, up 1% from Q4/13
• Diluted earnings per share of 76 cents in Q4/14, versus 77 cents per share in Q4/13
• Adjusted diluted earnings per share of 93 cents in Q4/14, versus 96 cents per share  in Q4/13
• Adjusted diluted earnings per share of 93 cents excludes:
• 13 cents per share of amortization of intangibles related to acquisitions
• 4 cents per share charge related to Maple transaction and integration costs

ADX & NBAD Launch Market Making Activity

Date 04/02/2015

Abu Dhabi Securities Exchange (ADX) announced yesterday that National Bank of Abu Dhabi (NBAD) will operate in the exchange as the UAE’s first market maker. NBAD will be the market maker for 4 companies listed on ADX; Abu Dhabi Commercial Bank, Al Dar Properties, Waha Capital, and First Gulf Bank. 

TMX Group Consolidated Trading Statistics – January 2015

Date 04/02/2015

TMX Group Limited today announced January 2015 trading statistics across its marketplaces, which include Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha, Montréal Exchange (MX) and NGX.

Ontario Securities Commission Proposes New Whistleblower Program For Public Comment

Date 03/02/2015

The Ontario Securities Commission (OSC) today released OSC Staff Consultation Paper 15-401, which proposes a new whistleblower program that would encourage the reporting of serious misconduct of Ontario securities law to the OSC.  Under the program, a whistleblower could be awarded a financial incentive of up to $1.5 million upon the final resolution of an administrative enforcement matter.

SEC Names David Grim As Acting Director Of The Division Of Investment Management

Date 03/02/2015

The Securities and Exchange Commission today announced that David Grim has been named as Acting Director of the Division of Investment Management.  He replaces Norm Champ, the division’s former director, who left the SEC at the end of January.

Ontario Securities Commission Announces Commissioner Appointments

Date 03/02/2015

Ontario Securities Commission (OSC) Chair Howard I. Wetston, Q.C., today announced the following appointments to the OSC.

NZX January 2015 Shareholder Metrics

Date 03/02/2015

Please find attached Shareholder Metrics for January 2015 which have been amended to correct the new debt issues figure.

Remarks For Acting Associate Attorney General Stuart Delery Press Conference Announcing Settlement With S&P

Date 03/02/2015

Thank you, Mr. Attorney General.

During the lead-up to the financial crisis, S&P served as a gatekeeper in the world of sophisticated finance.  S&P repeatedly promised that its ratings were objective, independent, and not influenced by S&P’s relationships with the investment banks that issued the securities.  When the department brought this suit, we alleged, to the contrary, that S&P limited, adjusted and delayed updates to the ratings criteria and analytical models it used in order to preserve market share and profits.  In addition, S&P issued inflated ratings on billions of dollars’ worth of securities despite knowing that the quality of the underlying assets was impaired and that the ratings would not hold.  Put simply: we brought this case because S&P committed fraud.