News Centre

Safer And More Efficient Securities Settlement: European Commission Welcomes European Parliament Vote

Date 15/04/2014

The European Parliament has today adopted in plenary session a Regulation on securities settlement and central securities depositories.

SEC Charges San Diego-Based Investment Adviser

Date 15/04/2014

The Securities and Exchange Commission today announced charges against a San Diego-based investment advisory firm, its chief executive officer, chief compliance officer, and another employee for misleading investors and breaching their fiduciary duties to clients.

Thomson Reuters To Host 2nd Australian Regulatory Summit In Sydney - Summit To Be Held On 13 May, 2014 At The Four Seasons Hotel Sydney

Date 15/04/2014

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, announced that the 2nd Australian Regulatory Summit will be hosted in Sydney on 13 May, 2014, with support from the Australia Securities and Investments Commission, Australian Prudential Regulation Authority (APRA) , The Office of The Privacy Commissioner, Hong Kong Securities and Futures Commission, Prudential Regulatory Authority (Bank of England) and the Reserve Bank of Australia.

Finalising The Banking Union: European Parliament Backs Commission’s Proposals (Single Resolution Mechanism, Bank Recovery And Resolution Directive, And Deposit Guarantee Schemes Directive)

Date 15/04/2014

Internal Market and Services Commissioner Michel Barnier said: “Today, the European Parliament has adopted 3 key texts to complete the legislative work underpinning the banking union. Thanks to the assiduous work of the co-legislators, we have turned the idea of a Banking Union into reality in less than two years. The EU has lived up to its commitments: the banking union completes the economic and monetary union and ensures taxpayers will no longer foot the bill when banks face difficulties.

European Parliament: Small Investors To Be Shielded Against Reckless Risk Taking By Investment Funds

Date 15/04/2014

Small investors will be better protected against investment funds that take excessive or unnecessary risks with their money, under rules approved by Parliament on Tuesday. These rules clarify who is liable for mismanagement of funds and tailor fund managers' remuneration rules to encourage them to take reasonable risks and a long-run view.

MEPs Vote Laws To Regulate Financial Markets And Curb High-Frequency Trading

Date 15/04/2014

Comprehensive rules to govern financial markets were adopted by Parliament on Tuesday. These rules are designed to close loopholes in the existing legislation, so as to ensure that financial markets are safer as well as more efficient, investors are better protected, high-frequency trading is regulated and speculative commodity trading is curbed.

SEC Names David Gottesman As Deputy Chief Litigation Counsel

Date 15/04/2014

The Securities and Exchange Commission today announced the appointment of David J. Gottesman as deputy chief litigation counsel in the Division of Enforcement.

New Possibilities Offered To Domestic And International Investors On Bucharest Stock Exchange

Date 15/04/2014

• New phase in the trading program -Trading at last
• Trading at last is the last stage of the market, after the closing auction. It will take 10 min
• During this stage of the market, orders can be entered exclusively at the last closing auction price
• By implementing the Trading at last mechanism, investors will benefit from a distinct period of entering orders at the determined closing auction price, in order to execute adequately their orders at the relevant price registered
• Trading at last becomes effective as of May 5, 2014, together with the reduction of Pre-open stage by 15 min and the consequent extension of the Continuous trading by 15 min. 

The Future Of Capital Formation - Speech By Craig M. Lewis, SEC Chief Economist And Director, Division Of Economic And Risk Analysis MIT Sloan School Of Management’s Center For Finance And Policy’s Distinguished Speaker Series April 14, 2014

Date 15/04/2014

Good morning.  It is a pleasure to be here and I am honored to be part of the Distinguished Speaker series.  But no matter how distinguished my remarks attempt to be, I must make clear to you that they are my own and do not necessarily reflect the views of the Commission, Commissioners, or of SEC staff.

Markets In Financial Instruments Directive (MiFID II): Frequently Asked Questions

Date 15/04/2014

See also STATEMENT/14/129

A. Background, main elements and costs/benefits of the reform

1. What is MiFID and why was it reviewed only four years after its entry into force?

MiFID is the Markets in Financial Instruments Directive (Directive 2004/39/EC). It replaced the Investment Services Directive (ISD) which was adopted in 1993. It has been in force since 2008. It is a cornerstone of the EU's regulation of financial markets. It seeks to improve the competitiveness of EU financial markets by creating a single market for investment services and activities, and ensuring a high degree of harmonised protection for investors in financial instruments, such as shares, bonds, derivatives and various structured products. MiFID has brought greater competition across Europe in the provision of services to investors and between trading venues. This has helped contribute to deeper, more integrated and liquid financial markets. It has also driven down costs for issuers, delivering better and cheaper services for investors, and contributing to economic growth and job creation in Europe.