News Centre

ESMA Fines Scope EUR 2,197,500 For Breaches Of Conflict Of Interest Obligations

Date 22/03/2024

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has fined Scope Ratings GmbH (Scope) a total of EUR 2,197,500, and issued a public notice, for breaches of the Credit Rating Agencies Regulation (CRA Regulation).

WFEClear 2024: The WFE Convenes Clearing Industry At BME In Madrid - Attendance Hits Record High

Date 22/03/2024

This week the World Federation of Exchanges (the WFE), the global industry group for exchanges and Central Clearing Counterparties (CCPs), convened a record number of stakeholders at its annual clearing conference, WFEClear. Industry leaders from central clearing houses, exchanges, regulators and policymakers met at the SIX-BME headquarters, the Palacio de la Bolsa de Madrid, to share original research and exchange ideas on the opportunities and challenges for the future of central and bilateral clearing. 

Nasdaq Stockholm Welcomes Karnell Group To The Main Market

Date 22/03/2024

Nasdaq (Nasdaq: NDAQ) announces that trading in the shares of Karnell Group AB (ticker name: KARNEL B) will commence today on the Nasdaq Stockholm Main Market. Karnell Group is a small cap company within the Industrials sector. It is the third company to be admitted to trading on Nasdaq’s Nordic and Baltic markets in 2024.

Shanghai Stock Exchange Issues A Public Initiative To SSE-listed Companies To Launch Special Action Of "Corporate Value And Return Enhancement"

Date 22/03/2024

On March 22, 2024, the Shanghai Stock Exchange (SSE) issued an initiative to all SSE-listed companies, urging them to actively participate in the special action of "Corporate Value and Return Enhancement". The initiative aims to further implement the spirit of the 20th CPC National Congress and the Central Financial Work Conference, continuously implement the State Council's Opinions on Further Improving the Quality of Listed Companies, adhere to strong supervision, risk prevention, and promote high-quality development, stimulate the endogenous momentum and sense of responsibility of listed companies for high-quality development and enhancing investment value.

SGX Group Seeks To Refine Cap On Clearing Members’ Liability For Multiple Defaults

Date 22/03/2024

Singapore Exchange (SGX Group) is proposing to refine the existing cap on a clearing member’s liability to meet default losses arising from multiple events of default. This cap is imposed on clearing members of SGX Group’s central counterparties (CCPs), namely The Central Depository (Pte) Limited (CDP) and Singapore Exchange Derivatives Clearing Limited (SGX-DC).

Hong Kong Securities And Futures Commission And Hong Kong Monetary Authority Further Consult On Enhancements To Hong Kong’s OTC Derivatives Reporting Regime

Date 22/03/2024

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) today launched a joint further consultation on enhancements to the over-the-counter (OTC) derivatives reporting regime in Hong Kong.

Japan Exchange Group: Notice Of Revisions To Earnings Forecast And Dividend Forecast

Date 22/03/2024

Japan Exchange Group, Inc. (JPX) has decided to revise its consolidated earnings forecast and dividend forecast for the fiscal year ending March 31, 2024, which were released on September 25, 2023.  

Japan Financial Services Agency: Initiatives By The Financial Industry To Enhance Their Asset Management Businesses

Date 22/03/2024

The Government of Japan has published "Policy Plan for Promoting Japan as a Leading Asset Management Center" on December 13, 2023.

Japan Securities Clearing Corporation: Participation As A Founding Member Of The “Hyperledger Besu Financial Services Working Group”

Date 22/03/2024

The Japan Securities Clearing Corporation (JSCC) first introduced Hyperledger Besu blockchain technology into production in January 2023 (*1) and then officially joined the Hyperledger Foundation, a not-for-profit organization that globally promotes standardization of blockchain/distributed ledger technology (DLT), and its founding organization The Linux Foundation (*2), in October 2023.

ASIC Reaffirms Ongoing Registration Obligation For Financial Advisers

Date 22/03/2024

KEY POINTS

• Following the commencement of the registration requirement on 16 February 2024, most financial advisers (known as relevant providers) have been registered with ASIC and can legally provide personal advice to retail clients in relation to relevant financial products.
• AFS licensees and relevant providers need to be aware of their ongoing registration obligations, ensuring that they understand when an individual needs to be registered and the circumstances which may lead to a relevant provider being unregistered.