News Centre

Japan's Securities And Exchange Surveillance Commission: Recommendation For Administrative Monetary Penalty Payment Order For Violation Of Disclosure Requirements By JAPAN ASSET MARKETING CO. LTD.

Date 20/06/2014

1. Contents of the Recommendation

The Securities and Exchange Surveillance Commission, today, made a recommendation to the prime minister and the commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to misstatements of financial reports on material issues by JAPAN ASSET MARKETING CO. LTD. (“JAPAN ASSET MARKETING”), pursuant to Article 20(1) of the Act for Establishment of the Financial Services Agency. This recommendation is based on the findings of the disclosure statements inspection of the company, whereby the following violations of laws and ordinances were identified.

Supported By Shanghai Stock Exchange Detailed Rules, Exchangeable Bonds To Pilot Soon

Date 20/06/2014

The exchangeable bond is a kind of corporate bond issued by an issuer with its shares in a listed company as collateral and exchanging target. A bondholder can exchange bonds held by it into shares in the listed company within a certain term according to stipulated conditions.

HKEx: Exchange Publishes Consultation Paper On Internal Controls Section Of Its CG Code

Date 20/06/2014

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), today (Friday) published a consultation paper on proposed changes to the section of its Corporate Governance Code and Corporate Governance Report (the Code) relating to internal controls.  The Code is Appendix 14 of the Main Board Listing Rules and Appendix 15 of the Growth Enterprise Market (GEM) Listing Rules.

Shenzhen Stock Exchange Issued Implementation Rules On Preferred Share Pilot Business

Date 20/06/2014

In order to standardize the listing, trading, transfer, information disclosure and other business of preferred shares during the pilot period, and for the purpose of protecting investors’ legal rights and interests, the Shenzhen Stock Exchange (SZSE) recently issued Implementation Rules on Preferred Share Pilot Business (hereinafter referred as Implementation Rules), which came into effect immediately upon its issuance. The Implementation Rules is compiled in the light of The Company Law of the People’s Republic of China, Securities Law of the People’s Republic of China, Guiding Opinions of the State Council on Carrying out the Pilot Program of Preferred Shares (hereinafter referred as Guiding Opinions), Administrative Measures on the Pilot Program of Preferred Shares (hereinafter referred as Administrative Measures), and relevant regulations.

Osaka Exchange: Deliverable Bonds And Conversion Factors Of JGB Futures (5-Year, 10-Year & 20-Year)

Date 20/06/2014

• As of Jun. 20, 2014

Conversion Factor Formula

CFTC: Federal Court In Utah Imposes Over $44 Million In Sanctions Against Robert Andres And His Company, Winsome Investment Trust, And Robert Holloway And His Company, US Ventures, For Commodity Pool Fraud And Misappropriation - The U.S. Attorney’s Office For The District Of Utah Filed Parallel Criminal Actions Against Andres And Holloway

Date 19/06/2014

The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court Order requiring Defendants Robert J. Andres of Houston, Texas, his company, Winsome Investment Trust(Winsome), Robert L. Holloway of San Diego, California, and his company US Ventures LC (USV), to pay a civil monetary penalty of $32,370,000 and restitution for defrauded customers totaling $12 million. The court’s Order also imposes permanent trading and registration bans against Andres, Winsome, Holloway, and USV and prohibits them from violating provisions of the Commodity Exchange Act, as charged.

Canadian Securities Regulators Adopt Amendments To Modernize Investment Fund Rules

Date 19/06/2014

The Canadian Securities Administrators (CSA) today published final amendments to National Instrument 81-102 Mutual Funds (NI 81-102) and related consequential amendments, as part of the CSA’s Modernization of Investment Fund Product Regulation Project. 

Amendment To The ISDA Master Agreement For Use In Relation To Section 2(a)(iii) And Explanatory Memorandum

Date 19/06/2014

ISDA has today published the Amendment to the ISDA Master Agreement for use in relation to Section 2(a)(iii) for market participants who wish to amend their ISDA Master Agreements to insert a time limit on the operation of that provision in circumstances where an event of default has occurred in relation to one of the parties. Alongside this Amendment, ISDA has published an explanatory memorandum. Both documents are available for free download in the ISDA Bookstore.

Bahamas International Securities Exchange Q1, 2014 Statistical Report

Date 19/06/2014

BISX is pleased to announce its BISX All-Share Index and trading statistics for the three month period ending March 31, 2014 with comparison to the same period of 2013.

Euronext IPO Priced At €20 Per Share

Date 19/06/2014

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today the pricing of the initial public offering (IPO) of the ordinary shares (the Shares) of Euronext N.V. (Euronext or the Company), the pan-European exchange group.