News Centre

UK Financial Conduct Authority, UK Prudential Regulation Authority And Bank Of England: UK Regulators Finalise Clearer, More Transparent Complaints Scheme

Date 27/07/2023

The FCA, the Prudential Regulation Authority (PRA) and the Bank of England have finalised a revised scheme for those who have complaints about the regulators, following a consultation.

Solactive And Evaluate Launch Solactive Evaluate Global Pharma Index, Their First Co-Branded Index

Date 27/07/2023

With rapid advancements in medical research, technology, and increasing global demand for healthcare, the pharmaceutical industry is expected to experience substantial growth in the coming years. The COVID-19 pandemic has highlighted the crucial role of pharmaceutical companies in developing vaccines and therapeutics, driving investments and innovation in the sector. Additionally, the aging population and the prevalence of chronic diseases continue to drive the demand for innovative drugs and treatments. According to Evaluate Pharma, only prescription drug sales are forecast to grow at an annualized rate of 5.9% between 2023 and 2028, increasing from US$ 1.1 trillion to US$ 1.6 trillion. Envisaging this potential, Solactive leveraged its open architecture approach and partnered with Evaluate, a Norstella company, to launch the Solactive Evaluate Global Pharma Index

FSB: Deployment Of Unallocated Total Loss-Absorbing Capacity (uTLAC): Considerations For Crisis Management Groups (CMGs)

Date 27/07/2023

The purpose of unallocated Total Loss-Absorbing Capacity (uTLAC) is to provide readily available resources to the resolution entity to recapitalise any direct or indirect subsidiary as necessary to support a resolution.

Nasdaq Dubai Welcomes The Listing Of USD 600 Million Sukuk By Dar Al-Arkan

Date 27/07/2023

Nasdaq Dubai welcomed the latest listing of USD 600 million sukuk by Dar Al-Arkan Sukuk Company Ltd, the leading and largest publicly listed Saudi Arabian residential property developer. This issuance by Dar Al-Arkan will be under the USD 2.5 billion Trust Certificate Issuance Programme and is scheduled to mature in 2029.

Borsa İstanbul’s Opening Bell Rang For Çanakkale Kalebodur Seramik Sanayi A.Ş.

Date 27/07/2023

In his address at the Opening Bell Ceremony, Korkmaz Ergun, the CEO of Borsa İstanbul A.Ş., stated the following:

“Distinguished guests,

Today, I welcome you all to your home, to the Opening Bell Ceremony hosted by our Exchange as we celebrate the listing of Kale Seramik at our Exchange.

Standard Custody Partners With L1 Advisors To Offer Industry-First Integrated Qualified Custody And Self-Custody Services - Hybrid Service To Provide Digital Asset Custody, Management, And Advisory To Financial Advisors And Wealth Managers

Date 27/07/2023

Standard Custody & Trust Company, a NYDFS chartered company providing institutional-grade custody, escrow, and settlement services for digital assets, announced a groundbreaking partnership with L1 Advisors, a pioneering onchain wealth management platform for financial advisors and their clients. This partnership signifies an industry-first product offering for registered investment advisors, wealth managers, and family offices.

ASIC Appoints Morgan Stanley To Sell Shares In The Market Herald Limited

Date 27/07/2023

ASIC has appointed Morgan Stanley Wealth Management Australia Pty Ltd (Morgan Stanley) to sell 2,061,343 ordinary shares (Sale Shares) in The Market Herald Limited (TMH).

Japan Financial Services Agency - "The Code Of Conduct For ESG Evaluation And Data Providers"：17 ESG Evaluation And Data Providers Have Endorsed The "Code Of Conduct" As Of June 30, 2023

Date 27/07/2023

The Technical Committee for ESG Evaluation and Data Providers (chaired by Tetsuo Kitagawa, Professor Emeritus of Aoyama Gakuin University and Specially Appointed Professor of Tokyo Metropolitan University) extensively discussed the current status of ESG evaluation and data, challenges faced by stakeholders in the appropriate provision and use of ESG evaluation and data, and future developments, and compiled the "Report of the Technical Committee for ESG Evaluation and Data Providers" on July 12, 2022.

Hong Kong Securities And Futures Commission: Court Convicted And Fined Cheung Wing Hung For Unlicensed Activity

Date 27/07/2023

The Eastern Magistrates’ Court has convicted Mr Cheung Wing Hung for holding himself out as performing a regulated function in relation to dealing in securities as an agent of entities not licensed by the Securities and Futures Commission (SFC) .

Michael Hewes, New Zealand Financial Markets Authority Director – Deposit Taking, Insurance, And Advice Presents At The Financial Markets Law Conference

Date 27/07/2023

Michael Hewes, FMA Director - Deposit Taking, Insurance, and Advice presents at the Financial Markets Law conference 27 July.