News Centre

The Dubai Financial Services Authority Fines R.J. O’Brien (MENA) Capital Limited USD 1.37 Million For Inadequate Compliance Resources

Date 29/12/2023

The Dubai Financial Services Authority (DFSA) has imposed a fine of USD 1,368,767 (AED 5,023,375) on R.J. O'Brien (MENA) Capital Limited (the Firm) for a number of contraventions of DFSA legislation, including for having inadequate compliance systems and controls.

Shanghai Stock Exchange Further Refines Disclosure Rules For Companies At Risk Of Delisting, Enhancing Targeted Disclosure Of Delisting Risk

Date 29/12/2023

In order to enhance the pertinence and effectiveness of delisting risk alert while setting investor expectations upfront, the Shanghai Stock Exchange (SSE) introduced the Disclosure Guidelines for Companies at Risk of Delisting on December 29, 2023, and simultaneously optimized the format of related public announcements, collectively stipulating the requirements of information disclosure related to delisting risks, thereby streamlining the rule system and making it easier for listed companies and other market participants to consult and implement.

Sha Yan Appointed As Secretary Of The CPC Shenzhen Stock Exchange Committee

Date 29/12/2023

On the afternoon of 28 December 2023, the relevant officer taken charge of the cadre bureau of the Organization Department of the CPC Central Committee attended the cadre meeting of SZSE and announced the decision of the CPC Central Committee that Sha Yan would serve as the Secretary of the Party Committee of Shenzhen Stock Exchange.

Joint Response To Letter “加强汇兑业务监管”- Lianhe Zaobao, 16 December 2023 By Monetary Authority Of Singapore And Singapore Police Force

Date 29/12/2023

We thank Mr Gong Yu Cheng (“加强汇兑业务监管”) for his letter of 16 Dec.

2. The Monetary Authority of Singapore (MAS) and the Singapore Police Force (SPF) share Mr Gong’s concern about the increasing incidence of funds being frozen in beneficiaries’ bank accounts in China, after being remitted through licensed remittance companies in Singapore.

“Shenzhen Stock Exchange · Chuangxianghui” Special Event For Listed POEs Held To Propel POEs Yo Focus On The Steady Development Of Main Business

Date 29/12/2023

On December 27, SZSE held the 13th “Chuangxianghui” special event for listed POEs focusing on main business. The invited guests include persons in charge of representative SZSE-listed POEs such as Zhifei-Biol, HCNC and Ingenic as well as experts, scholars and intermediaries who have long studied the digital and intelligent transformation of POEs to promote the high-quality development of their main business. The guests jointly discussed how the capital market can better serve the development of POEs under the new situation and effectively promote the quality improvement of SZSE-listed POEs.

Montréal Exchange Interest Rate Derivative Trading Ceases At 13:30 Today, December 29, 2023 - Exchange's Markets Closed January 1, 2024

Date 29/12/2023

Interest rate derivative trading will cease at 1:30 p.m. today, December 29, 2023. Furthermore, the Exchange's markets will be closed on January 1, 2024.

Expanded Opening And Intra-day Quote Width Requirements And Order Monitor Settings For Certain Symbols Trading On MIAX Options And MIAX Emerald Options Through Friday, March 29, 2024

Date 28/12/2023

MIAX Options and MIAX Emerald Options have expanded the maximum valid bid/ask differentials for Market Makers for certain symbols traded on the Exchanges. The expanded bid/ask differentials will be in effect through Friday, March 29, 2024.

CFTC: Federal Court Orders Unregistered Commodity Trading Advisor, Its Manager, And A Managed Fund To Pay Over $2.8 Million In Monetary Sanctions For Fraudulent Retail Forex Fund Scheme

Date 28/12/2023

The Commodity Futures Trading Commission today announced the U.S. District Court for the District of New Jersey issued a default order of final judgment against Illinois-based Valdas Dapkus on November 28. On May 4, the court issued a default order of final judgement against two entities Dapkus controlled—Tradewale LLC and Tradewale Managed Fund.

BME Facilitates More Than 2,500 Meetings This Year Between International Investors And Spanish Companies Throughout Europe

Date 28/12/2023

• BME has accompanied listed companies, especially small and medium-sized companies, at meetings in Madrid, Frankfurt, Paris and Geneva
• More than 675 national and international investors have approached Spanish companies thanks to these events

UK Financial Conduct Authority - Duty Calls: Future-Proofing Finance For Everyone

Date 28/12/2023

Now into the second year of its 3-year strategy, the FCA has outlined some key achievements and milestones from the last 12 months, including the game changing introduction of the Consumer Duty, which came into force on 31 July 2023.