News Centre

NZX Maintains Solid Earnings Through Market Cycles

Date 22/02/2023

• Group operating earnings of $36.6 million (excluding acquisition and integration costs) up 2.3% yearon-year; $35.1 million (including acquisition and integration costs) up 1.9%, for year ending 31 December 2022
• Despite the step back in market activity in 2022, the NZX Group revenues were up 8.8% to $95.7 million for the full year, reflecting the strength of NZX’s strategy and earnings base. Smartshares and Wealth Technologies continue to provide a platform for future growth
• Net profit after tax for the year (NPAT) was $14.2 million, compared with $15 million the previous year. This includes increased amortisation costs from the continued investment in the NZX Wealth Technologies platform and the acquired ASB Superannuation Master Trust
• FY2023 operating earnings guidance range is $36.0 million to $40.5 million

CFTC Charges Unregistered Commodity Trading Advisor With Fraud, Misappropriation, And Unregistered Commodity Pool Operator With Misappropriation

Date 22/02/2023

The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the District of Minnesota against Richard “Rick” Miller and his company, Flip 2 Futures Trading Company LLC (F2F) of Otsego, Minnesota, charging Miller and F2F with fraud, misappropriation, and unregistered activity related to trading on behalf of a commodity pool run by Justin Dendinger and Punch Drunk Marketing LLC (PDM) of Somerset, Wisconsin.

Statement On The Final Rule On Extending Form 144 EDGAR Filing Hours And Celebrating The EDGAR System On Its 30th Anniversary, Commissioner Mark T. Uyeda, Feb. 22, 2023

Date 22/02/2023

Yesterday, the Commission adopted amendments to Regulation S-T to extend the deadline, from 5:30 p.m. to 10:00 p.m. Eastern Time, for when a Form 144 is deemed filed on the date of submission. This extension is a sensible change that eases the stress and burden on sellers (and their brokers, counsels, and other professionals), who must file Form 144 on the same day as placing their order to sell stock. Sometimes, this need to file is not known until near the close of trading at 4:30 p.m. Eastern Time.

Minutes Of The Federal Open Market Committee, January 31–February 1, 2023

Date 22/02/2023

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 31–February 1, 2023.

Canadian Securities Regulators Strengthen Oversight, Enhance Expectations Of Crypto Asset Trading Platforms Operating In Canada

Date 22/02/2023

Further to its update on December 12, 2022, the Canadian Securities Administrators (CSA) today published a notice describing enhanced investor protection commitments it expects from crypto asset trading platforms (CTPs) operating in Canada.

SEC Charges African Gold Acquisition Corp. With Internal Controls, Reporting, And Recordkeeping Failures - Control Failures Enabled Former CFO To Misappropriate Approximately $1.2 Million From The SPAC’s Operating Bank Account

Date 22/02/2023

The Securities and Exchange Commission today announced settled charges against African Gold Acquisition Corp., a publicly traded special purpose acquisition company (SPAC), for internal controls, reporting, and recordkeeping violations. These failures enabled African Gold’s former chief financial officer to misappropriate approximately $1.2 million from the company’s operating bank account. As a result, African Gold made materially false filings with the Commission and maintained inaccurate books and records. 

Bank Of England: Court Minutes From 2020 That Were Previously Redacted

Date 22/02/2023

The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.

ESMA Publishes Latest Edition Of Its Newsletter

Date 22/02/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its latest edition of its Spotlight on Markets Newsletter.

Natixis Investment Managers And Solactive Expand Partnership Into Direct Indexing - Natixis IM Will Now Offer Access To 31 Solactive Indices

Date 22/02/2023

Today Solactive and Natixis Investment Managers Solutions (Natixis IM Solutions) announced an expansion of their partnership to offer more access to direct indexing separately managed account (SMA) strategies that bring greater precision to clients’ desired exposures. Solactive is a leading provider of indexing, benchmarking, and calculation solutions for the global investment and trading community. Natixis IM Solutions’ direct indexing business provides fully customizable SMAs aligned to a variety of indices, spanning different market capitalization segments and geographic regions, and has grown over 20 years from $4 million AUM in 2002 to over $8 billion AUM today.

Euronext: Statement Regarding Recent Press Speculation

Date 22/02/2023

Euronext notes recent press speculation regarding a potential offer from Euronext for Allfunds and confirms that it has submitted an indicative offer to the Board of Allfunds and is in active discussions with Allfunds largest shareholders. This indicative offer is conditional, amongst other things, on reaching agreement with existing largest shareholders in Allfunds.