News Centre

CFFEX: Notice On Information Disclosure Standards For Futures And Options Products

Date 14/04/2023

The standards for identifying active futures contracts and active options contract months in accordance with the Measures of China Financial Futures Exchange on Information Management are as follows:

Monetary Authority Of Singapore: Court Convicts Two Individuals For Insider Trading And Other Offences

Date 14/04/2023

Mr Tay Yew Khem and Ms Hui Choy Leng have been convicted and sentenced to 12 weeks’ imprisonment and 4 months’ imprisonment respectively for insider trading in the shares of Broadway Industrial Group Limited (BIGL), and for other offences under the Securities and Futures Act (SFA) and the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (CDSA). 

CFFEX: Notice On Releasing 30-Year China Government Bond Futures Contract Specifications And Relevant Rules

Date 14/04/2023

China Financial Futures Exchange (the “Exchange”) hereby releases the 30-Year China Government Bond Futures Contract Specifications, the Detailed Trading Rules of China Financial Futures Exchange for 30-Year China Government Bond Futures Contract, the Measures of China Financial Futures Exchange on Risk Control (Revised),  and the Detailed Delivery Rules of China Financial Futures Exchange for China Government Bond Futures Contract (Revised), which have been reported to the China Securities Regulatory Commission (CSRC).

Shanghai Stock Exchange Fully Implements Requirements Of Independent Director System Reform

Date 14/04/2023

On April 14, 2023, the General Office of the State Council issued the Opinions on Reform of the Independent Director System of Listed Companies (hereinafter referred to as the Opinions). The Opinions sets forth systematic reform tasks from eight aspects, including clarifying the responsibilities of independent directors, optimizing the modes of their performance of duty, strengthening the management of their qualifications, improving the system for their selection and appointment, strengthening the guarantee for their performance of duty, tightening supervision and management for their performance of duty, improving the restraint mechanism for their responsibilities, and optimizing the collaborative and efficient internal and external supervision system. It provides important guidelines for promoting the formation of a more scientific and reasonable independent director system.

Statement By The Canadian Deputy Prime Minister And Minister Of Finance After Chairing The Five Finance Ministers Meeting

Date 14/04/2023

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, issued the following statement:

“Today I chaired the first in-person meeting of the “Five Finance Ministers” hosted at the U.S. Treasury, which included my counterparts from Australia, New Zealand, the United Kingdom, and the United States."

Monetary Authority Of Singapore Monetary Policy Statement - April 2023

Date 14/04/2023

INTRODUCTION

1.   In October 2022, MAS tightened its monetary policy for the fifth consecutive time within 12 months. The mid-point of the Singapore dollar nominal effective exchange rate (S$NEER) policy band was re-centred up to the then-prevailing level of the S$NEER near the top of the band. There was no change to the slope and width of the band. Although Singapore’s GDP growth was expected to slow, MAS had assessed that a further tightening of monetary policy was needed to help dampen still-elevated inflation and ensure medium-term price stability.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With Deputy Prime Minister And Minister Of Economy And Finance Of The Republic Of Korea Choo Kyung-ho

Date 14/04/2023

Today, Secretary of the Treasury Janet L. Yellen met with Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea Choo Kyung-ho. Secretary Yellen discussed macroeconomic and financial developments, as well as economic security issues and climate-related priorities. Secretary Yellen also underscored the importance of the broader bilateral relationship and looked forward to President Yoon’s upcoming state visit to the United States.

Joint Readout: US- EU - UK Sanctions Evasion Meeting With Private Sector Participants

Date 13/04/2023

On the sidelines of the World Bank Group and International Monetary Fund Spring Meetings, Deputy Secretary of the Treasury Wally Adeyemo; European Commissioner for Financial Stability, Financial Services, and Capital Markets Union Mairead McGuinness; and HM Treasury Director General for International Finance Lindsey Whyte hosted representatives from financial institutions to discuss continued efforts to counter sanctions evasion and combat Russian military procurement in key jurisdictions. The government officials and bank representatives were also joined by Deputy Director of the CIA David Cohen and Deputy Director of National Intelligence Morgan Muir.

Remarks By US Secretary Of The Treasury Janet L. Yellen After Meeting With Prime Minister Of Ukraine Denys Shmyhal

Date 13/04/2023

Prime Minister Shmyhal, it is great to see you again.

When we met in Kyiv in February, it had been just over a year since Russia began its unprovoked, full-scale invasion of your country.

Canadian Securities Regulators Propose Changes To Corporate Governance Disclosure Practices And Guideline

Date 13/04/2023

 The Canadian Securities Administrators (CSA) is seeking public comment on proposed amendments to corporate governance disclosure rules and policy relating to the director nomination process, board renewal and diversity. They would require disclosure on aspects of diversity beyond the representation of women, while retaining the current disclosure requirements with respect to women. In addition, the CSA is proposing changes to the corporate governance policy that would enhance the existing corporate governance guidelines relating to the director nomination process and introduce guidelines regarding board renewal and diversity.