News Centre

Deutsche Börse: RENK Group AG New In The Prime Standard Of The Frankfurt Stock Exchange

Date 07/02/2024

As from today, RENK Group AG (ISIN: DE000RENK730) is listed in the Prime Standard on the Frankfurt Stock Exchange. The shares had an initial listing price of €17.50. The current share price is available via Börse Frankfurt.

StarCompliance Extends Solution To Enable Compliance In Response To Australia's New Financial Accountability Regime - Independent Market Study Highlights An Opportunity For Financial Services Firms To Establish A Culture Of Individual Accountability With Employee Compliance Software

Date 07/02/2024

StarCompliance ("Star"), a leading SaaS provider of employee compliance technology solutions, has extended its Individual Accountability Regime (IAR) solution to include Australia's new Financial Accountability Regime (FAR). This will allow financial services firms regulated by the Australian Prudential Regulation Authority (APRA) to comply more easily with the regulation, and establish a strong, firm-wide culture of individual accountability.  

Hong Kong Securities And Futures Commission Welcomes Appointment Of Executive Director

Date 07/02/2024

The Securities and Futures Commission (SFC) welcomes the appointment by the Financial Secretary of Dr Eric Yip as Executive Director of Intermediaries for a term of three years effective from 2 May 2024.

SET Market Report For January 2024

Date 07/02/2024

The International Monetary Fund (IMF) has upgraded Thailand’s economic outlook this year to 4.4 percent from 3.6 percent earlier forecast, underpinned by the growing domestic demand and private consumption propelled by the government’s fiscal stimulus. As the global inflation is cooling faster than expected, the Federal Open Market Committee (FOMC)  has kept its short-term interest unchanged at 5.25-5.50 percent until higher confidence that inflation will be eased to 2 percent in a sustainable manner.  

Hong Kong Securities And Futures Commission Warns Public Of Suspicious Crypto-Related Product “Hong Kong International Financial Centre Token”

Date 07/02/2024

The Securities and Futures Commission (SFC) today warns the public of suspicious investment products involving “Hong Kong International Financial Centre Token” (IFCT) and its associated projects and arrangements (Product).

SEC Charges China-Based Tech Company Cloopen Group With Accounting Fraud - Commission Declines To Impose Civil Penalties Because Of Company’s Self-Reporting, Cooperation And Remediation

Date 06/02/2024

The Securities and Exchange Commission today announced settled accounting fraud charges against Cloopen Group Holding Limited, a China-based provider of cloud communications products and services whose American depositary shares formerly traded on the New York Stock Exchange. The SEC determined not to impose civil penalties against Cloopen because the company self-reported its accounting issues, cooperated extensively with the staff’s investigation, and undertook prompt remedial measures.

Dealer, No Dealer?[1] : Statement On Further Definition Of “As A Part Of A Regular Business” In The Definition Of Dealer And Government Securities Dealer In Connection With Certain Liquidity Providers, SEC Commissioner Hester M. Peirce, Feb. 6, 2024

Date 06/02/2024

Thank you, Mr. Chair. I cannot support the final rule. Even though streamlined substantially,[2] it perpetuates the proposal’s fundamental flaw. The rule defines dealer in a way that is inconsistent with the statutory framework within which it sits and will distort market behavior and degrade market quality.

Modernizing Dealer Oversight, SEC Commissioner Jaime Lizárraga, Feb. 6, 2024

Date 06/02/2024

While markets and financial regulators will always face the uncertainty of unanticipated shocks, strengthened market resiliency can help reduce the harmful impact from these shocks. It can provide greater protection – and confidence – to investors, capital markets, and the financial system.

Statement On Adopting Changes To The Definition Of Dealer And Government Securities Dealer, SEC Commissioner Caroline A. Crenshaw, Feb. 6, 2024

Date 06/02/2024

The Securities Exchange Act of 1934 (“Exchange Act”) provides the SEC with broad authority over the securities industry, including the power to register, regulate, and oversee participants in the securities markets.

SIFMA, SIFMA AMG Statement On Introduction Of Legislation To Address The SEC’s PDA Rule

Date 06/02/2024

SIFMA and SIFMA AMG today issued the following statement from Executive Vice President of Advocacy Josh Wilsusen regarding the introduction of the Protecting Innovation in Investment Act.

“SIFMA strongly believes that the SEC should withdraw this proposal, which would be a radical departure from decades of federal securities law and completely upend today’s well-functioning regulatory regimes that ensure investors’ interests are protected through Regulation Best Interest and the Investment Advisers Act’s fiduciary duty, among other requirements. ”