News Centre

Japan's Financial Services Agency Extends Temporary Measures Regarding Restrictions On Short Selling And Purchase Of Own Stocks By Listed Companies

Date 20/04/2012

1. The following regulatory measures on short selling are currently in place, with regard to all listed stocks in Japan:

Shanghai Stock Exchange Market Closure Schedule For 2012 Labor Day

Date 20/04/2012

The Shanghai Stock Exchange (SSE) hereby announces its market closure schedule for 2012 Labor Day according to the "SSE Holiday Schedule for 2012" (Shang Zheng Jiao Zi [2011] No. 52) as follows: the SSE will close from April 29 (Sunday) to May 1 (Tuesday) and open for trading on May 2 (Wednesday). It will also close on the weekend on April 28 (Saturday). Please make relevant arrangements according to this notice.

Dalian Commodity Exchange: Notice On The Adjustments To Trading Margins And Price Limits During Trading Halts During The 2012 International Labor Day Holiday

Date 20/04/2012

New Zealand's Financial Markets Authority Welcomes Ruling On Hotchin Asset Preservation Orders

Date 20/04/2012

The Court of Appeal has dismissed an appeal by former Hanover director Mark Hotchin on asset preservation orders obtained by the Financial Markets Authority.

Dalian Commodity Exchange Notice On Newly Listed Contracts

Date 20/04/2012

From April 19, 2012, the 1304 series contracts of coke, linear low density polyethylene, RBD palm oil and PVC can be traded. 

Federal Court Orders $14 Million In Fines And Disgorgement Stemming From CFTC Charges Against Optiver And Others For Manipulation Of NYMEX Crude Oil, Heating Oil, And Gasoline Futures Contracts And Making False Statements - Order Resolves Charges Against Defendants Optiver Holding BV, Two Subsidiaries – Optiver US, LLC And Optiver VOF, And Three Senior Officers, And Includes Trading Limitations

Date 20/04/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained $14 million in civil monetary penalties and disgorgement pursuant to a federal court consent order against defendants Optiver Holding BV, a global proprietary trading company headquartered in the Netherlands, and two subsidiaries – Optiver US, LLC (Optiver), a Chicago-based corporation, and Optiver VOF, a Dutch company, as well as against then company officers who were responsible for the unlawful trading: Randal Meijer, Bastiaan van Kempen, and Christopher Dowson, the only individual defendant who remains employed by Optiver. 

Richard Balarkas To Leave Instinet Europe

Date 19/04/2012

Richard Balarkas, President and CEO, Instinet Europe, is stepping down after four years at the helm of the agency brokerage. 

Letter On Extraterritoriality To US Treasury Secretary Geithner And EU Commissioner For Internal Markets Barnier, From ISDA And Other Associations

Date 19/04/2012

Click here to download a letter on extraterritoriality to US Treasury Secretary Geithner and EU Commissioner for Internal Markets Barnier, from ISDA and other associations.

SIFMA Statement On Guidance From Federal Reserve Regarding The Volcker Rule Conformance Period

Date 19/04/2012

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., EVP, Public Policy and Advocacy at SIFMA, on the guidance released by the Federal Reserve regarding the Volcker Rule conformance period:   

“The clarification of the Volcker Rule conformance period which was issued today is entirely appropriate and necessary.  The industry has been concerned throughout this process over what was to be expected on July 21, 2012, and that concern was heightened as it appears likely that regulators may not be able to promulgate a final rule by that date.  Today’s guidance that firms subject to Volcker will be able to use the full two year conformance period to come into compliance with the rule as provided for by the statute is critically important because it alleviates concerns over potentially having to comply with a rule whose details had not yet been made clear." 

Opening Statement For Title VII Intermediaries Release — April 18, 201 By SEC Commissioner Elisse B. Walter

Date 19/04/2012

Who? What? When? Where? Why? The 5 W’s have guided millions of writers — from  grade school students penning their first essays to career journalists reporting  major events. While I doubt anyone believes that the Federal Register makes for  the same scintillating read as a page one news feature, I think that the 5 W’s  can be a guide for us regulators as well, focusing our task on the questions we  need to answer in our regulations and guidance. This is particularly true for  regulations under Title VII of the Dodd-Frank Act, as we have been tasked with  creating a regulatory regime where none previously existed — a blank page that  we need to fill.