News Centre

Member States Voted In Favor Of The EU Audit Market Reform

Date 18/12/2013

In the Permanent Representatives Committee (COREPER I) today the Member States approved the compromise text regarding the Proposals for a new Regulation and for amendments of Directive of the European Parliament and of the Council on EU audit market reform. After the preliminary agreement on the proposed reforms earlier this week by the Lithuanian Presidency and the European Parliament during the final trilogues on 16-17 December, this allows reaching a first reading agreement, after the formal voting in the European Parliament and later in the Council.

MIAX Options Exchange: MIAX Options Christmas And New Year’s Holiday Schedule

Date 18/12/2013

MIAX Options Exchange will have an abbreviated trading session on Tuesday, December 24, 2013.  All Option Classes will close 3 hours early. 

Statement At Open Meeting Regarding Regulation A+ - Commissioner Michael S. Piwowar, U.S. Securities And Exchange Commission, Washington, D.C., Dec. 18, 2013

Date 18/12/2013

Thank you, Chair White.

I am pleased that the Commission is moving forward today with another action to help Main Street businesses raise capital. 

When one thinks of Main Street – especially at this time of year – he or she might conjure an image of a small town like the fictional Bedford Falls, featured in Frank Capra’s classic 1946 film, It’s A Wonderful Life.  Looking down the main thoroughfare, there is a drug store, a butcher shop, a hardware store, and many other small businesses, all of which required capital to get started.  In Bedford Falls, there was only one accredited investor, named Mr. Potter.  And when Clarence the guardian angel shows George Bailey what life would have looked like had he never been born, vibrant Bedford Falls morphs into stagnant Potterville, where one man controls the capital and the local economy.

Trading Technologies Goes Live On NASDAQ OMX NLX - Link Also Provides Access To NASDAQ OMX Nordic Derivatives Market

Date 18/12/2013

Trading Technologies International, Inc. (TT) today announced the release of its connection to NASDAQ OMX NLX (NLX), the new London-based derivatives trading market.

London Stock Exchange Group Plc Tenders For Audit Services

Date 18/12/2013

Council Of The European Union: Agreement On The Reform Of The Audit Market

Date 18/12/2013

The Committee of Permanent Representatives today endorsed the agreement reached yesterday between the Lithuanian Presidency of the Council and the European Parliament representatives on the reform of the audit market in the EU. The agreement paves the way for the formal adoption of the reform by the European Parliament and the Council through a vote in the coming months. 

CPSS And IOSCO Issue A Consultative Document On The Assessment Methodology For The Oversight Expectations Applicable To Critical Service Providers

Date 18/12/2013

The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative document on theAssessment methodology for the oversight expectations applicable to critical service providers.

IOSCO Requests Public Comment On Implementation Of PRA Principles

Date 18/12/2013

On 5 October 2012, the Board of the International Organization of Securities Commissions published its final report on Principles for Oil Price Reporting Agencies (PRA Principles), which set out principles intended to enhance the reliability of oil price assessments that are referenced in derivative contracts subject to regulation by IOSCO members.  These principles were prepared in response to the G20 Leaders’ request in November 2011 in relation to PRAs, that  IOSCO, in collaboration with the IEF, the IEA and OPEC, [to] prepare recommendations to improve their functioning and oversight… and followed by the G20 Leaders’Los Cabos Declaration.

Osaka Securities Exchange: Partial Revisions To Articles Of Incorporations, etc. In Connection With The Integration Of Derivatives Markets With Tokyo Stock Exchange, etc.

Date 18/12/2013

Osaka Securities Exchange Co., Ltd. (“OSE”) will partially revise the Articles of Incorporations, etc. in connection with the integration of derivatives markets with Tokyo Stock Exchange, Inc. (“TSE”) and the introduction of CNX Nifty Futures, etc. An outline of the revisions is as follows. In relation to this matter, OSE sought public comments on “Developing Rules in Connection with the Integration of Derivatives Markets”, “Partial Revision to the Daily Price Limit for JGB Futures and Options in conjunction with the Derivatives Markets Integration”, “Developing Fee Schedule in Connection with the Integration of Derivatives Markets” and “Outline of Specifications for CNX Nifty Futures”. Please refer to each page in the public comment for the main comments received and OSE’s responses to these comments.

India's Forward Markets Commission Deems Financial Technologies (India), Jignesh Shah, Joseph Massey And Shreekant Javalgekar To Be Not A ‘Fit And Proper Person’

Date 18/12/2013

Late on Tuesday, India's Forward Markets Commission barred Financial Technologies (India) Ltd.from running Multi Commodity Exchange of India in the wake of alleged trading irregularities at another exchange.