News Centre

Nominations For Directors – NZX Limited

Date 21/03/2014

As previously announced, NZX Limited (“NZX”) will hold its 2014 Annual Meeting of shareholders on 16 May 2014. Further details will be advised in the Notice of Meeting in due course.

New Zealand's Financial Markets Authority Files Criminal Charges Following Investigation Into Viaduct And Mutual

Date 21/03/2014

Financial Markets Authority has filed charges under the Crimes Act and under the Companies Act against directors and another of Viaduct Capital Limited (in receivership) and Ex-MFL Limited (in Receivership) (formerly Mutual Finance Limited). 

Dalian Commodity Exchange: Notice On Collecting Annual Membership Dues For 2014

Date 21/03/2014

According to the relevant provisions of the "Articles of Association of Dalian Commodity Exchange" and the "Measures of Dalian Commodity Exchange for Management of Members", Dalian Commodity Exchange will collect the annual membership dues for 2014 on March 31, 2014 through direct debit from the part of the own funds in the members’ accounts of settlement reserves, and the members are requested to timely deposit appropriate funds in the accounts of settlement reserves. The standard dues for the member units are RMB 20,000 / unit for futures company members and RMB 10,000 / unit for non-futures company members.

Gunvor Ensures Continued Operations

Date 20/03/2014

Anticipating potential economic sanctions, and so to ensure with certainty the continued and uninterrupted operations of Gunvor Group Ltd's activities, the shares of the company held by Mr. Gennady Timchenko were sold on March 19 from his personal holding vehicle to Mr. Torbjorn Tornqvist personally. As a result, Mr. Tornqvist has become the majority owner of Gunvor Group Ltd, with an 87 percent stake, and Mr. Timchenko has fully divested his entire holdings in the company. The remaining 13 percent of shares are held by senior employees of Gunvor. There are no outside shareholders.

Federal Reserve Releases Summary Results Of Bank Stress Tests

Date 20/03/2014

According to the summary results of bank stress tests announced by the Federal Reserve on Thursday, the largest banking institutions in the United States are collectively better positioned to continue to lend to households and businesses and to meet their financial commitments in an extremely severe economic downturn than they were five years ago.  This result reflects continued broad improvement in their capital positions since the financial crisis.

FSB RCG MENA Meeting 20 March 2014

Date 20/03/2014

The FSB Regional Consultative Group for the Middle East and North Africa held its fifth meeting on 20 March in Rabat, Morocco

Slack And The Labour Market - Speech By Martin Weale, External Member Of The Monetary Policy Committee, Bank )f England

Date 20/03/2014

Speaking to the Thames Valley Chamber of Commerce, Martin Weale sets out some new analysis of slack in the labour market.

Canadian Securities Regulators Seek Comment On Proposed Changes To OM Exemption And Two New Proposed Reports Of Exempt Distribution

Date 20/03/2014

The Alberta Securities Commission (ASC), the Autorité des marchés financiers (AMF), the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) and the Financial and Consumer Services Commission New Brunswick (FCNB) (Participating Jurisdictions) have published for comment proposed amendments to National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106) relating to the offering memorandum exemption (OM Exemption). The ASC, FCAA and FCNB have also published two new proposed reports of exempt distribution (Exempt Distribution Reports). 

Amnon Neubach – TASE Chairman Of The Board Of Directors

Date 20/03/2014

The Tel Aviv Stock Exchange (TASE) Board of Directors today (20/3/2014) approved unanimously the search committee’s recommendation to appoint Mr. Amnon Neubach as TASE’s new chairman of the board.

Comment From Trad-X On Divergence Of SEF Rules Amongst Global Regulatory Authorities

Date 20/03/2014

Daniel Marcus, CEO, Trad-X, comments:

"The final piece of an increasingly complex puzzle is the global coordination of regulatory reform. This divergence in global regulation previously resulted in unintended consequences such as fragmentation of liquidity. The interim substituted compliance relief period – in line with the Path Forward – has allowed for some of these issues to be mitigated, but there are still several questions about how the 24 March deadline, should it remain unchanged, will impact on liquidity and spreads."