News Centre

Japan Exchange Group: Ceremonies On The First And Last Trading Days Of The Year

Date 28/11/2023

Japan Exchange Group, Inc. will hold its annual ceremonies on the last trading day of 2023 and on the first trading day of 2024 as follows.

Speech By Pol de Win, Head Of Global Sales And Origination, SGX Group At EY Entrepreneur Of The Year Awards Dinner 2023

Date 28/11/2023

Good evening, Dr. Tan, Minister for Manpower and Second Minister for Trade and Industry. Nam Soon, it is such a pleasure for us to partner EY on this fantastic event; winners, nominees, ladies and gentlemen. 

ASIC Releases Guidance On The Registration Of Financial Advisers

Date 28/11/2023

KEY POINTS:

• ASIC has issued guidance to financial advisers and Australian financial services (AFS) licensees about the new requirement for financial advisers to be registered.
• From 1 February 2024, financial advisers who provide personal advice to retail clients on relevant financial products must be registered with ASIC.

New Zealand Financial Markets Authority Cancels Foundation Advice Limited’s financial Advice Provider Licence

Date 28/11/2023

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has cancelled Foundation Advice Limited (FAL)’s Financial Advice Provider (FAP) licence. FAL was an Auckland-based FAP offering advice on life and health insurance as well as KiwiSaver. 

The Evolving Regulatory Landscape And The Implications For Australasian Listed Entities - Address By ASIC Chair Joe Longo At The Australasian Investor Relations Association Forum, 28 November 2023

Date 28/11/2023

KEY POINTS

• ASIC Chair Joe Longo addressed investor relation professionals at the AIRA 2023 forum with a key focus on the evolving regulatory landscape and the implications for Australian listed entities.
• Transparency and engagement are at the heart of investor relations, and help build a strong, fair, and efficient financial ecosystem. 
• ASIC is calling on these professionals to focus on areas fundamental to maintaining market integrity, including continuous disclosure, sustainable finance reporting, and shareholder responsibility and activism. ASIC will take action against poor practices in these areas.

Prohibiting Conflicts Of Interest In ABS Securitizations, SEC Commissioner Jaime Lizárraga, Nov. 27, 2023

Date 27/11/2023

Today the Commission adopted a new rule to address harmful conflicts of interest in the asset-backed securities (“ABS”) market. As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”), Congress directed the Commission to issue rules prohibiting those conflicts of interest, which played a significant role in causing the 2008 financial crisis.

Statement On The Final Rule: Prohibition Against Conflicts Of Interest In Certain Securitizations, SEC Commissioner Mark T. Uyeda, Nov. 27, 2023

Date 27/11/2023

Today, the Commission adopted Rule 192 under the Securities Act of 1933 to implement Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Section 621 is intended to prohibit those involved in the securitization process from profiting from the securities’ failures. While the Commission’s initial 2011 proposal to implement Section 621 largely tracked the text of Section 621, commenters expressed concerns that this approach lacked clarity regarding the scope of prohibited and permitted conduct. When re-proposing Rule 192 earlier this year, the Commission provided greater detail in the rule text, including the types of transactions that constitute “conflicted transactions” prohibited by the rule and defining certain key terms used in the rule. The Commission stated that its re-proposed rule “would provide strong protection against material conflicts of interest while not unnecessarily hindering routine securitization activities that do not give rise to the risks that Section [621] was intended to address.”

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date November 15, 2023

Date 27/11/2023

At the end of the settlement date of November 15, 2023, short interest in 3,169 Nasdaq Global Market^SM securities totaled 10,924,879,396 shares compared with 10,847,253,689 shares in 3,200 Global Market issues reported for the prior settlement date of October 31, 2023. The mid-November short interest represents 3.06 days compared with 3.15 days for the prior reporting period.

NYSE Group Consolidated Short Interest Report

Date 27/11/2023

NYSE today reported short interest as of the close of business on the settlement date of November 15, 2023.

Federal Reserve Board Announces Annual Indexing Of Reserve Requirement Exemption Amount And Low Reserve Tranche For 2024

Date 27/11/2023

The Federal Reserve Board on Monday announced technical details related to reserve requirements for depository institutions, which will remain zero. The annual adjustment and publication of the reserve requirement exemption amount and low reserve tranche is required by law and does not indicate a change in depository institutions' reserve requirements.