News Centre

Press Conference By Taro Aso, Japan's Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services

Date 18/06/2013

[Questions and answers]

Q.

This question relates to the issue of the merger of Kawasaki Heavy Industries and Mitsui Engineering & Shipbuilding.  And this relates to timely disclosure and information disclosure by corporations, an announcement made yesterday by Kawasaki Heavy Industries stated that a previous announcement that the companies were not engaged in merger talks should be revised to one stating that while merger talks were in progress nothing had been decided. I would therefore like to ask for your views, either in relation to this incident or in general terms, concerning the statement that the companies were not engaged in merger talks, even though they were, as an approach to information disclosure by corporations.

A.

I will not comment on individual cases. In general terms, disclosures should obviously be directed at investors. Timely disclosure is basically something for securities exchanges to address, so I think perhaps securities exchanges should talk about that before the Financial Services Agency.

Hong Kong's Securities And Futures Commission Bans Michelle Ng Man Chow For Life

Date 18/06/2013

The Securities and Futures Commission (SFC) has banned Ms Michelle Ng Man Chow from re-entering the industry for life.

Shenzhen Stock Exchange Market Bulletin

Date 18/06/2013

Major Shenzhen indices declined in the past two trading weeks ended on 14 June. Shenzhen Component Index lost 8.41% to close at 8479.46 points. SME Index declined 5.35% closing at 5125.30 points. ChiNext Index dropped 0.45% to 1070.73 points. Total turnover for stocks and funds on SZSE in the past two weeks was US$105.46 billion.

SEC Charges Two Executives In Ponzi Scheme At Dallas-Based Medical Insurance Company

Date 17/06/2013

The Securities and Exchange Commission today charged two executives at a Dallas-based medical insurance company with operating a $10 million Ponzi scheme that victimized at least 80 investors.

CFE Modifies Pricing For S&P 500 Variance Futures Contract - Pricing Method Now Similar To OTC Variance Swaps

Date 17/06/2013

CBOE Futures Exchange, LLC (CFE) on Monday, June 24 will revise the pricing method for its S&P 500 Variance (VA) futures contract, which began trading on CFE in December 2012. The change involves the timing of when CFE converts volatility points to futures prices so that the prices of VA futures are more directly comparable to prices in the over-the-counter (OTC) variance swap market.

MIAX Options Exchange Market Maker Orders In Appointed Classes

Date 17/06/2013

Regulatory Circular 2013-34 refers to changes in MIAX Rule 605 regarding MIAX Market Maker orders in appointed classes.

CFTC’s Division Of Market Oversight Provides Time-Limited No-Action Relief To Provide For Transition To SEF Registration

Date 17/06/2013

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) today announced the issuance of a time-limited no-action letter providing temporary no-action relief to entities that have been operating pre-Dodd Frank trading platforms. The Commission published its final SEF rules in the Federal Register on June 4, 2013.

Nigerian Stock Exchange Reviews Composition Of Market Indices

Date 17/06/2013

The Nigerian Stock Exchange (NSE) is putting final touches to the biannual review for the NSE 30, NSE 50 and the five Sectoral Indices of The Exchange - the NSE Banking, the NSE Consumer Goods, the NSE Oil & Gas, NSE Industrial and the NSE Insurance. The composition of these indices after the review will be effective on July 1, 2013. The review will witness the entry of some major companies and exit of others.

ISDA Comment Letter On The Canadian Securities Administrators' (CSA) Consultation Paper 91-407 On Derivatives: Registration

Date 17/06/2013

The International Swaps and Derivatives Association, Inc. (ISDA) welcomes the opportunity to respond to the Consultation Paper published by the CSA on April 18, 2013 setting forth the CSA Derivatives Committee’s (Committee) proposal for the regulation of key derivatives market participants through the implementation of a registration regime in the Canadian over-the-counter (OTC) derivatives markets. We are pleased to share these comments with the CSA, in addition to our comment letters submitted to the CSA in connection with Consultation Paper 91-401 setting forth the CSA Derivatives Committee proposals regarding the regulation of OTC derivatives (the OTC Derivatives Consultation Paper) Consultation Paper 91-402 setting forth proposals for the reporting of OTC derivatives transactions and the operation of trade repositories, and Consultation Paper 91-406 on Derivatives: OTC Central Counterparty Clearing.

CFTC Certifies Futures Contracts On The MSCI World Index, MISCI Europe Index, MSCI Japan Index, And The MSCI All Countries Asia Pacific Ex-Japan Index Submitted By Eurex Deutschland - Contracts May Be Offered To U.S. Persons Through Direct Access Effective June 17, 2013

Date 17/06/2013

The Commodity Futures Trading Commission’s Division of Market Oversight issued a letter advising Eurex Deutschland that its MSCI World Index, MSCI Europe Index, MSCI Japan Index, and MSCI All Countries Asia Pacific ex-Japan Index futures contracts submitted for review on April 29, 2013 were deemed certified.