News Centre

Bank Of England Announces Supervisory Action n LME Clear

Date 03/03/2023

In April 2022, the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), and the Bank of England (the Bank) footnote[1] issued a joint statement regarding the London Metal Exchange’s (LME) decision to suspend trading on its nickel market on 8 March 2022 and cancel trades. This in turn resulted in a cessation of clearing of new nickel trades at LME Clear during the period that trading of nickel was suspended on the LME. The subsequent market disruption undermined confidence in the functioning of the nickel market.

Update On UK Financial Conduct Authority Public Statement On The London Metal Exchange

Date 03/03/2023

In April 2022, the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), and the Bank of England issued a joint statement regarding the London Metal Exchange’s (LME) decision to suspend trading on its nickel market on 8 March 2022.  

Hong Kong Securities And Futures Commission Welcomes Re-Appointment Of Non-Executive Directors

Date 03/03/2023

The Securities and Futures Commission (SFC) welcomes the re-appointment by the Financial Secretary of Mr Michael Wong and Mr Nicky Lo as Non-Executive Directors for a term of two years, effective from 1 April 2023 and 24 April 2023, respectively.

London Stock Exchange Group PLC Transaction In Own Shares

Date 03/03/2023

London Stock Exchange Group plc (LSEG) announces that it has purchased the following number of its voting ordinary shares of 6^79/86 pence each on the London Stock Exchange from Morgan Stanley & Co. International Plc (Morgan Stanley) as part of the second tranche of its share buyback programme, as announced on 7 October 2022:

Action Plan Of The Shanghai Stock Exchange To Further Promote "Open-Door Review, Open-Door Supervision, And Open-Door Service" Is Officially Released

Date 03/03/2023

The 20th CPC National Congress explicitly called for the thorough implementation of the people-centered development philosophy and deepened reform efforts on streamlining administration, delegating power, strengthening regulation, and improving services. In order to further study and implement the spirit of the 20th CPC National Congress, earnestly implement the spirit of the Central Economic Work Conference and the Second Plenary Session of the 20th Central Commission for Discipline Inspection as well as the deployment of the system working conference of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE) has always prioritized the people's position as its fundamental stance. In accordance with the principle of "power under the sun and transparent approval" and requirements of the supervision transformation, the SSE has summarized its preliminary work and formulated the Action Plan of the Shanghai Stock Exchange to Further Promote "Open-Door Review, Open-Door Supervision, and Open-Door Service" (hereinafter referred to as the "Three Open-Doors" Action Plan) to effectively change work style, improve service efficiency, optimize the business environment, and continuously enhance the sense of gain and satisfaction of all market entities.

Amended: NZX Issue Of Ordinary Shares

Date 03/03/2023

Capital Change Notice re-submitted due to an error made in calculating the total number of shares now on issue, which is 321,278,429.

Tokyo Financial Exchange: Trade Suspension For The Contracts In The Far-Distant Terms Of Three-Month Euroyen Futures And The Whole Contracts Of Options On Three-Month Euroyen Futures

Date 03/03/2023

Commencing at the beginning of the day session of March 20 2023 Monday, TFX has decided to suspend the trades in the following contracts of the products.

• Contracts in the far-distant terms (meaning the last trading day of which falls in January 2025 and beyond) of Three-month Euroyen Futures
• Whole contracts of Options on Three-month Euroyen Futures

NZX Shareholder Metrics - February 2023

Date 03/03/2023

Please see attached NZX Shareholder Metrics for February 2023

ASIC Consults On ‘Sunsetting’ Class Orders About Financial Requirements

Date 03/03/2023

ASIC is seeking feedback on proposals to remake ‘sunsetting’ class orders that impose financial resource requirements on the managed funds industry.   

NZX Issue Of Ordinary Shares

Date 03/03/2023

Following its recent acquisition of the management rights and related assets of QuayStreet Asset Management from Craigs Investment Partners, NZX advises that it has issued 6,569,069 of NZX Limited Ordinary Shares in partial satisfaction of the consideration payable for that acquisition.