News Centre

Singapore's Sustainability Reporting Advisory Committee Recommends Mandatory Climate Reporting For Listed And Large Non-Listed Companies

Date 06/07/2023

The Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) have launched a public consultation on the recommendations by the Sustainability Reporting Advisory Committee (SRAC) to advance climate reporting in Singapore. The recommendations require Listed Issuers to lead the way and report International Sustainability Standards Board (ISSB)-aligned climate-related disclosures (CRDs) starting from financial year 2025 (FY2025). Large Non-Listed Companies with annual revenue of at least $1 billion will follow suit in FY2027. The public consultation will run from 6 July 2023 to 30 September 2023.

ASX Group Monthly Activity Report June 2023

Date 06/07/2023

Trading – Cash Markets (including equities, interest rate and warrant trades)

• In June 2023, the average daily number of trades was down 26% on the pcp. The average daily value traded onmarket of $5.705 billion was down 19% on the pcp. 
• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in June, down 0.5% on the pcp. 
• Future volatility (as measured by the S&P/ASX 200 VIX) in June was an average of 11.9, down 36% on pcp.

Statement Of CFTC Commissioner Kristin N. Johnson: Let’s Stop Forex Ponzi Schemes

Date 05/07/2023

Today, the Commodity Futures Trading Commission (CFTC or Commission) announced that it filed proposed Consent Orders with the U.S. District Court for the Middle District of Florida resolving claims against Daniel Cologero; Surujpaul Sahdeo; Randy Rosseau; Hemraj Singh; Green Knight Investments, LLC; Bull Run Advantage, LLC; SR&B Investment Enterprises, Inc.; and King Royalty, LLC (collectively, “Settling Defendants”), resolving claims originally brought on September 9, 2020.  As the Consent Order indicates, Settling Defendants are accused of orchestrating a foreign exchange (forex) operated by a different, non-settling defendant, Avinash Singh, and his company, Highrise Advantage LLC (Highrise). Singh fraudulently solicited and misappropriated funds through Highrise, which he operated as a master commodity pool, with the Settling Defendants operating (or being) feeder pools that directed participant funds to Highrise.

Fiserv To Transfer Senior Notes Listings To New York Stock Exchange

Date 05/07/2023

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced that it is transferring the listings of its 1.125% Senior Notes due 2027, 1.625% Senior Notes due 2030, 2.250% Senior Notes due 2025, 3.000% Senior Notes due 2031 and 4.500% Senior Notes due 2031 to the New York Stock Exchange (NYSE) from the NASDAQ Global Market (NASDAQ). The company expects the Senior Notes to begin trading on the NYSE July 18, 2023, under new tickers, as detailed in the table below. The Senior Notes will continue to trade on NASDAQ until the transfer is complete.

CFTC: Federal Court Orders Four Feeder Fund Operators And Their Principals To Pay Over $10 Million In Restitution And Penalties For Forex Fraud

Date 05/07/2023

The Commodity Futures Trading Commission today announced Judge Carlos Mendoza of the U.S. District Court for the Middle District of Florida entered consent orders against Florida residents Surujpal Sahdeo, Daniel Cologero, and Randy Rosseau and New Jersey resident Hemraj Singh, and their respective companies SR&B Investment Enterprises, Inc., Green Knight Investments, LLC, Bull Run Advantage, LLC, and King Royalty, LLC, whose feeder funds operated as commodity pool frauds against their customers. The defendants also failed to register with the CFTC, as required by the Commodity Exchange Act (CEA), and violated CFTC regulations relating to commodity pools operations. 

Robinhood Markets, Inc. To Announce Second Quarter 2023 Results On August 2, 2023

Date 05/07/2023

Today, Robinhood Markets, Inc. (NASDAQ: HOOD) announced that it will release its second quarter 2023 financial results on Wednesday, August 2, 2023 after market close. An earnings conference call will be held at 2:00 PM PT/5:00 PM ET on the same day. A live webcast of the call and supporting materials will be available at investors.robinhood.com. Following the call, a replay and transcript will also be available on the same website.

Minutes Of The Federal Open Market Committee, June 13-14, 2023

Date 05/07/2023

The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on June 13–14, 2023.

Canadian Securities Administrators Statement On Proposed Climate-Related Disclosure Requirements

Date 05/07/2023

The Canadian Securities Administrators (CSA) welcomes the publication on June 26, 2023 of the International Sustainability Standards Board (ISSB)’s first two sustainability disclosure standards: IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures (together, the ISSB Standards).

ISDA Responds To ESAs On SFDR

Date 05/07/2023

On July 4, ISDA submitted a response to the European Supervisory Authorities’ (ESAs) consultation on suggested amendments to the regulatory technical standards under the Sustainable Finance Disclosure Regulation (SFDR). ISDA emphasizes the need to develop a common methodology for the measurement of derivatives across the various key performance indicators in the EU taxonomy, SFDR regulations and the Markets in Financial Instruments Directive’s sustainability preferences framework. ISDA requests that the ESAs grant the industry additional time to reach a consensus on this topic in the context of the forthcoming deliberations of the ad hoc expert group on derivatives under the EU’s Platform on Sustainable Finance 2.0, to avoid fragmented approaches that could lead to sub-optimal outcomes.

SIFMA Statement On SEC Not Extending MiFID II No-Action Relief

Date 05/07/2023

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the Securities and Exchange Commission’s (SEC) refusal to extend the relief provided in its 2019 Markets in Financial Instruments Directive II (MiFID II) No-Action Letter (NAL):