News Centre

DIFC Announces Proposed Amendments To Select Legislation

Date 31/08/2023

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has proposed the enactment of amendments to the Employment Law, Trust Law, Foundations Law and Operating Law. The proposed legislative changes seek to ensure DIFC Laws remain in line with international best practice and OECD requirements. In addition, proposed amendments to the Operating Regulations seek to enhance the Registrar of Companies’ (RoC) powers to regulate entities that operate outside of standard business hours.

Hanwha Partners With Solactive To Introduce Innovative Japanese Semiconductor Materials And Equipment ETF

Date 31/08/2023

The semiconductor industry, often referred to as the “brain” behind modern technology, has revolutionized the way we live, work, and communicate. Semiconductors are the fundamental building blocks of electronic devices, powering everything from smartphones and computers to automobiles and medical equipment. As the semiconductor industry continues to advance, the demand for materials and equipment of semiconductors has soared naturally, making it a sector for investors seeking innovation-driven opportunities. Hanwha Asset Management wants to stay ahead of this trend, licensing the Solactive Japan Semiconductor Materials and Equipment Index (ticker: SOLJSME) as the basis for their new exchange-traded fund (ETF).

ASX Completes The Sale Of Entire Investment In Yieldbroker

Date 31/08/2023

ASX has today successfully completed the sale of its entire minority interest in Yieldbroker Pty Limited (Yieldbroker) to a wholly owned subsidiary of Tradeweb Markets LLC (Tradeweb) for net proceeds of A$54.7 million after estimated transaction costs (Transaction).

Corentine Poilvet-Clédière Appointed CEO Of LCH SA

Date 31/08/2023

LCH Group today announces that Corentine Poilvet-Clédière has been appointed CEO of LCH SA, the European CCP based in Paris. Corentine will assume the role on 1 October 2023, subject to any required regulatory approvals and will report to Daniel Maguire, LSEG Head of Post Trade and CEO of LCH Group. The appointment follows the decision from Christophe Hémon to step down as CEO of LCH SA, having been in office since 2004.

Tokyo Stock Exchange: Results Of The 2023 Survey Of Overseas Investors On English Disclosure By Japanese Companies

Date 31/08/2023

Tokyo Stock Exchange, Inc. (TSE) has conducted a survey on English disclosure on overseas investors, with the aim of encouraging disclosures in English based on the needs of overseas investors by identifying the information that they need and then providing feedback of those responses to the listed companies. This is the second survey, following the one conducted in August 2021.

FTSE Russell: Straits Times Index (STI) Quarterly Review - September 2023

Date 31/08/2023

• No changes to the constituents of the STI

UAE Securities And Commodities Authority Partners With The National CSR Fund To Promote Sustainability And Corporate Social Responsibility Standards In The UAE

Date 31/08/2023

“We are working to foster partnership between the private and public sectors, thus meeting the sustainable development requirements and underpinning the national efforts aimed at achieving the ‘We the UAE 2031’ vision targets,” bin Touq Al Marri.

Understanding The Value Of Global Identifiers In The Fight Against Financial Crime, Clare Rowley, Head Of Business Operations, GLEIF

Date 31/08/2023

In this blog, GLEIF’s Head of Business Operations, Clare Rowley, explores how the LEI is uniquely positioned to strengthen the fight against international financial crime and why an upcoming review of the Financial Action Task Force (FATF) Recommendation 16 is an unmissable chance to leverage the LEI to ensure trust and transparency within the cross-border payment ecosystem.

CoinShares: The SEC — In An APA Maze Of Its Own Making? By Townsend Lansing — Head Of Product, CoinShares

Date 31/08/2023

The Court of Appeals for the DC circuit finally issued (what may be, at least judged by interest on X — fka Twitter) one of the most eagerly awaited opinions in its history. The question: did the SEC violate the requirements of the Administrative Procedures Act (APA) by “arbitrarily and capriciously” rejecting Grayscale’s application (and by extension, applications from other issuers) for a spot Bitcoin ETF while approving applications for Bitcoin ETF’s based on CME futures.

Saudi Arabia Capital Market Authority: Issuance Of A Decision To Accept Request To Register Class Action Against Some Members Of The Board Of Directors And Employees In Mohammad Al Mojil Group For Investors In The Company’s Shares From 22/2/2012 Until The Date Of The Suspension Of The Share

Date 31/08/2023

The General Secretariat of the Committees for Resolution of Securities Disputes (GS-CRSD) announced the issuance of the CRSD's decision accepting a request to register a class action lawsuit filed by an investor against some members of the Board of Directors and employees in Mohammad Al Mojil Group, to claim compensation for the damages suffered as a result of the announcements issued by the company on 22/02/2012 and 21/04/2012, which created a false and misleading impression regarding the company's financial position during that period.