News Centre

ASX: CHESS Replacement Project - ASIC Investigation

Date 29/03/2023

ASIC has confirmed to ASX that it has commenced an investigation into suspected contraventions of the ASIC Act 2001 and the Corporations Act 2001 in relation to the CHESS replacement program.

New Zealand Financial Markets Authority Issues Formal Warning To Vanguard

Date 29/03/2023

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has issued a formal warning to Vanguard Investments Australia Limited (Vanguard), for failing to lodge a required notice on the New Zealand Companies Office Disclose Register. A notice should have been lodged of an exercise of power taken against it, by the Australian Securities and Investment Commission (ASIC). 

Cboe Australia Completes Technology Migration And Launches Its First New Australian Offering

Date 29/03/2023

• Cboe Australia, formerly known as Chi-X Australia, has successfully migrated to Cboe technology on March 27, marking completion of an 18-month integration effort
• The technology integration follows Cboe's acquisition of Chi-X Australia in July 2021 and will serve as the foundation to help Cboe expand in Australia and Asia-Pacific
• Cboe BIDS Australia is the first new offering to launch post-migration

SEC: Brazilian Mining Company To Pay $55.9 Million To Settle Charges Related To Misleading Disclosures Prior To Deadly Dam Collapse

Date 28/03/2023

The Securities and Exchange Commission today announced that Vale S.A., a publicly traded Brazilian mining company and one of the largest iron ore producers in the world, agreed to pay $55.9 million to settle charges brought last April stemming from the company’s allegedly false and misleading disclosures about the safety of its dams prior to the January 2019 collapse of the Brumadinho dam that killed 270 people. The SEC’s complaint alleged that, for years, the dam did not meet internationally-recognized safety standards even as Vale’s public sustainability reports assured investors that all of its dams were certified as stable. 

CFTC Charges Chinese National With Fraudulent Scheme To Trade Against Employer

Date 28/03/2023

The Commodity Futures Trading Commission today announced it filed a complaint in the U.S. District Court for the Northern District of Illinois charging Dichao Xie, a Chinese national, with a fraudulent scheme in which he misused knowledge of his employer’s trading in feeder cattle futures and options to trade for his own benefit in breach of a duty to his employer. Xie’s trades also constituted illegal fictitious and noncompetitive trades under the Commodity Exchange Act (CEA) and CFTC regulations, according to the complaint.

Bitfinex Derivatives Launches Arbitrum (ARB) Perpetual Contract

Date 28/03/2023

Bitfinex Derivatives is pleased to announce a new perpetual contract for Arbitrum, a popular Ethereum layer 2 scaling solution. 

SIFMA And SIFMA AMG Raise Concerns Over SEC’s Proposed Securitization Rule

Date 28/03/2023

In a comment letter filed with the Securities and Exchange Commission (SEC) in response to its re-proposal on conflicts of interest in securitizations, SIFMA and SIFMA’s Asset Management Group (AMG) express appreciation for the SEC having taken their earlier feedback on the original proposal into account in drafting the newly proposed rule.  However, there remain many concerns with what the SEC has proposed and SIFMA and SIFMA AMG urge the SEC to consider comments received on the new proposal and revise the rule so that it does not hold such potential to damage the markets.

Testimony By CFTC Chairman Rostin Behnam Before The Subcommittee On Agriculture, Rural Development, Food And Drug Administration And Related Agencies Committee On Appropriations, U.S. House Of Representatives

Date 28/03/2023

Thank you, Chairman Harris, Ranking Member Bishop, and members of this Subcommittee.  I appreciate the opportunity to testify on the President’s fiscal year 2024 budget request for the Commodity Futures Trading Commission (CFTC or Commission).  Thank you for your historical support of the CFTC and its funding needs.

SIFMA Supports Reintroduction Of Investing In Our Communities Act

Date 28/03/2023

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the reintroduction of the “Investing in Our Communities Act”:

ISDA The Swap - Episode 29: Outlook For Treasury Clearing

Date 28/03/2023

Regulators would like to see increased central clearing of US Treasury securities to further strengthen the resiliency of the financial system. What are the implications of this potential change? ISDA talks to Brian Ruane at Bank of New York Mellon.