Mondo Visione Worldwide Financial Markets Intelligence
Track all markets on TradingView

FTSE Mondo Visione Exchanges Index:

News Centre

BT_Radianz_468x60_Jul23

  • HKEx: Legal Proceedings Involving A Subsidiary

    Date 08/10/2014

    As disclosed on 24 December 2013, The London Metal Exchange (“the LME”), an indirect wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (“HKEx”), was named as a defendant in a judicial review claim commenced by United Company RUSAL Plc (“Rusal”) and filed in the English High Court (the “High Court”) on 23 December 2013. The judicial review sought to challenge the LME’s decision to introduce changes to its warehousing policy as announced in its notice dated 7 November 2013 (the “Decision”). The Decision was made following a three-month market consultation commenced by the LME in July 2013. As disclosed on 27 March 2014, the High Court found in favour of Rusal on one specific procedural issue, quashing the LME’s consultation on the proposed rule changes and its decision to introduce the linked load-in load-out rule (the “Quashing Order”). The LME applied for, and was granted, permission to appeal the judgment to the English Court of Appeal (the “Court of Appeal”). The hearing of the appeal took place on 29 and 30 July 2014. On 8 October 2014, the Court of Appeal allowed the LME’s appeal against the High Court Judgment. The Court of Appeal unanimously found in favour of the LME on all grounds. The Court of Appeal has denied Rusal leave to appeal to the Supreme Court and has also denied Rusal’s request to stay the Court of Appeal’s setting aside of the Quashing Order. The LME will proceed to implement the proposed linked load-in load-out rule change in due course.

  • LME Proceeds With Warehousing Reforms

    Date 08/10/2014

    The London Metal Exchange (LME) today announced its intention to implement its linked load-in / load-out (LILO) rule and to proceed with further warehousing reforms following the success of its judicial review appeal.

  • Monetary Authority Of Singapore: Precious Stones And Metals Dealers To Report Cash Transactions Above SGD 20,000

    Date 08/10/2014

    1. Singapore will implement a cash transaction reporting regime for Precious Stones and Metals Dealers (PSMDs) with effect from 15 October 2014. The Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act was amended in Parliament in July 2014 to enable this reporting requirement. The new regime will help to reduce the risk of money laundering and terrorism financing associated with transactions involving precious commodities.

  • EnterNext Supports The Europabio 5th Most Innovative Award And The ENTENTE-Life Sciences Investment Forum In Brussels

    Date 08/10/2014

    EnterNext today welcomed representatives of EuropaBio, the ENTENTE Project and the European Commission on the occasion of the opening of the EuropaBio 5th Most Innovative European Biotech SME Award and the ENTENTE-Life Sciences Investment Forum.

  • Hong Kong's Securities And Futures Commission Seeks Court Orders Against Former Chairman And Directors Of Sinogreen

    Date 08/10/2014

    The Securities and Futures Commission (SFC) has commenced legal proceedings in the Court of First Instance against the former chairman, Mr Tong Shek Lun, and two former executive directors, namely Ms Kinny Ko Lai King and Ms Regina Chung Wai Yu, of Sinogreen Energy International Group Limited (Sinogreen).

Confinity_sky1-min.gif MV 120 X 600 Hard to Reach