News Centre

Dubai Financial Market Issues Securities Lending And Borrowing (SLB) Rules

Date 30/01/2014

Dubai Financial Market (DFM) today announced that it has issued the Securities Lending and Borrowing rules (SLB), as part of the exchanges constant efforts to enhance market infrastructure as per international best practices. The operational implementation of the SLB rules is targeted by the first quarter of 2014 and contingent on the readiness of market participants.

HKFE Announces Revised Margins For ICBC Futures

Date 30/01/2014

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Wednesday, 5 February 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below.  The adjustments are based on the clearing company's normal procedures and standard margining methodology.

SGX Welcomes TalkMed Group To Catalist

Date 30/01/2014

Singapore Exchange (SGX) is pleased to welcome the listing of TalkMed Group Limited to Catalist, under the stock code “5G3”. 

Statement On Financial Accounting Foundation Announcement - SEC Chair Mary Jo White - U.S. Securities And Exchange Commission

Date 29/01/2014

I am gratified by the Financial Accounting Foundation’s announcement that the FAF will provide a substantial contribution to the IFRS Foundation.

Direct Edge Trading Notice #14-03: Tier Calculation Update Effective February 3, 2014

Date 29/01/2014

As announced in Direct Edge Trading Notice #13-48, EDGA Exchange^SM (EDGA^®) and EDGX Exchange^SM (EDGX^®) have excluded odd lot executions from Total Consolidated Volume (TCV) calculations used to determine volume tiers.  The exclusion started December 9, 2013 and will continue through January 31, 2014.  Effective Monday, February 3, 2014, EDGA and EDGX will include odd lot executions in the Total Consolidated Volume (TCV) calculations used for determining volume tiers.

Federal Reserve Issues FOMC Statement

Date 29/01/2014

Information received since the Federal Open Market Committee met in December indicates that growth in economic activity picked up in recent quarters. Labor market indicators were mixed but on balance showed further improvement. The unemployment rate declined but remains elevated. Household spending and business fixed investment advanced more quickly in recent months, while the recovery in the housing sector slowed somewhat. Fiscal policy is restraining economic growth, although the extent of restraint is diminishing. Inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable.

UBS MTF Trading Notice - Additional Central Clearing Counterparty

Date 29/01/2014

This trading notice is to inform you that UBS MTF has added an additional Central Clearing Counterparty.  Trading Participants are now able to choose between three interoperating central counterparties (CCPs) when clearing their trades on UBS MTF: SIX-X-Clear Ltd, EuroCCP Ltd and EuroCCP N.V. (formerly EMCF).

EuroCCP Ltd will cease operations as a central counterparty on UBS MTF by no later than March 2014.

As part of the migration from EuroCCP Ltd to EuroCCP N.V., there will be a mandatory migration of flow for the Spanish market on UBS MTF. EuroCCP Ltd will continue to clear transactions in Spanish instruments on UBS MTF up to and including 17 February 2014. Members who wish to continue to trade Spanish instruments on UBS MTF after this date must be set up with EuroCCP N.V.

If you have any queries regarding this notice please contact the UBS MTF Supervisor at +44 20 7568 2052 or UBS_MTF@ubs.com

EBA Publishes Final Draft Technical Standards On Own Funds Requirements For Investment Firms

Date 29/01/2014

29 January 2014

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on own funds requirements for investment firms based on fixed overheads. These RTS harmonise the calculation of capital requirements for those investment firms that have limited authorisation to provide investment services, as well as the conditions under which competent authorities can make adjustments to such requirements. These final draft RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in Europe.

Nigerian Bourse Joins Global Surveillance Group

Date 29/01/2014

The Nigerian Stock Exchange (NSE) is the latest bourse to be admitted by the Intermarket Surveillance Group (ISG) as the alliance recently informed The NSE that its application to join the ISG was successful after a rigorous review process. The admission of the NSE to the ISG is an indication that the NSE’s surveillance capacity is of international standard and will contribute to raising investor confidence in the Nigerian capital markets.

EBA Issues Recommendation On The Use Of The Legal Entity Identifier (LEI) For Supervisory Purposes

Date 29/01/2014

The European Banking Authority (EBA) published today a Recommendation on the use of unique identification codes for supervisory purposes for every credit and financial institution in the European Union. This Recommendation is a major step forward in harmonizing the identification of legal entities, in line with proposals by the Financial Stability Board (FSB) endorsed by the G20, to ensure consistent and comparable data.