News Centre

A New EDHEC Study Analyses The Impact Of Solvency II On Bond Management And Highlights The Potential Consequences On The Financing Needs Of The Economy

Date 26/07/2012

Solvency II, which will come into effect in 2014, will have a significant impact on the way insurance companies, as well as financial markets, perceive risk. One of the major changes with Solvency II is the treatment of market risks, which represent an additional capital cost that now needs to be incorporated into the analysis of insurers’ investment choices.

Monetary Authority Of Singapore Reprimands Ng Chai Ching (Huang Zaiqing) For Contravention Of Paragraph 22(d) Of The Notice On Minimum Entry And Examination Requirements For Representatives Of Licensed Financial Advisers And Exempt Financial Advisers ["FAA-N07"]

Date 26/07/2012

On 15 June 2012, MAS reprimanded Mr Ng Chai Ching (Huang Zaiqing) [“Mr Ng”] for contravention of paragraph 22(d) of FAA-N07 issued pursuant to Section 58 of the Financial Advisers Act.

DIFC Grew By 7% In 2011 Accounting For 1.4% Of UAE’s GDP

Date 26/07/2012

• GDP of the DIFC sub-economy grew to reach USD 3.13 billion
• The financial sector remains the main contributor to the total value added by 70.3%, with 28.0% contributed by business services, and 1.6% by public administration

Notice On Issue And Implementation Of “Supervision Standard And Proceeding Process Amendament Of “Management Measures For Abnormal Transaction Of Dalian Commodity Exchange (For Trial Implementation)””

Date 26/07/2012

In order to more effectively carry out the self-descipline supervision work,  safeguard the trading order of the futures market, and promote the sound development of the futures market, Dalian Commodity Exchange made amendaments to the supervision standard and proceeding process of the “Management Measures for Abnormal Transaction of Dalian Commodity Exchange (for Trial Implementation)” after getting approval from the Board of Directors and making report to China Securities Regulatory Commission for record, and the major content fo the amendament is as follows:

CalPERS Names Anthony Suine Chief Of Benefit Services Division

Date 25/07/2012

The California Public Employees’ Retirement System (CalPERS) announced today the appointment of Anthony Suine as the pension fund’s new Benefit Services Division Chief.

British Columbia Securities Commission: Portfolio Manager Agrees To Pay $12,000 For Lack Of Compliance And Failing To Maintain Minimum Regulatory Capital

Date 25/07/2012

As part of a settlement agreement with the British Columbia Securities Commission, Kilburn Ogilvie Waymann Investment Management Ltd. (KOWIM) and Trevor G. Kilburn have agreed to pay $12,000 to the commission for failing to establish and maintain an adequate compliance system, and failing to maintain a minimum level of regulatory capital.

S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Deletion From The S&P/TSX Venture Composite Index

Date 25/07/2012

S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

The shareholders of PetroMagdalena Energy Corp. (TSXVN:PMD) have agreed to the Plan of Arrangement dated June 5, 2012, whereby the company will be acquired by Pacific Rubiales Energy Corp. (TSX:PRE) for cash consideration of $CDN1.60 per share. The company will be removed from the S&P/TSX Venture Composite Index after the close of trading on Wednesday, July 25, 2012. 

BM&FBOVESPA Announces The Market Makers For Options On The Stocks Of Itaú Unibanco And OGX

Date 25/07/2012

BM&FBOVESPA announced today the winning institutions in the competitive bidding process to select market makers for ITUB4 and OGXP3 equity options. The market maker obligation shall last twelve (12) months as of September 13, 2012.

S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Deletion From The S&P/TSX SmallCap And Equity SmallCap Indices

Date 25/07/2012

S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

The shareholders of Miranda Technologies Inc. (TSX:MT) have accepted the tender offer from Belden Inc. (NYSE:BDC) for cash consideration of $CDN17.00 per share. Miranda Technologies will be removed from the S&P/TSX SmallCap and Equity SmallCap Indices after the close of trading on Friday, July 27, 2012.

SEC Charges Phony Company President for Role in Facilitating Fake Investment in Penny Stock Company

Date 25/07/2012

The Securities and Exchange Commission today charged a New York man for his role in a scheme to disseminate news of a fake investment to boost a struggling penny stock company.