News Centre

UAE Financial Markets To Close For 53rd National Day On Monday, December 2; Trading Resumes Wednesday, December

Date 26/11/2024

Under Circular No. 13 of 2024, issued by the Federal Authority for Government Human Resources concerning the UAE’s 53rd National Day holiday, the Securities and Commodities Authority (SCA) announced—in coordination with the Abu Dhabi Securities Exchange and the Dubai Financial Market—that both markets will be closed on Monday, December 2, and Tuesday, December 3. Trading will resume on Wednesday, December 4.

Dubai Financial Services Authority Took Decisive Action By Finalising Eight Enforcement Cases In 2024 Against Individuals And Firms, Underscoring Its Focus On Promoting Integrity

Date 26/11/2024

The Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in, and from, the Dubai International Financial Centre (DIFC) has, 2024 year to date, taken eight enforcement actions and issued 24 alerts. These actions targeted individuals and entities that undertook unauthorised financial services activities, misled investors, failed to comply with anti-money laundering obligations, and misled the DFSA or obstructed DFSA investigations – compromising the integrity of the DIFC financial services sector.

ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE) Participating Exchanges To Issue A Request For Information (RFI) To Develop A Centralised ASEAN ESG Data Infrastructure

Date 26/11/2024

The ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE) initiative, which aims to create a harmonised ASEAN sustainability ecosystem, continues to make strides. A workshop in Kuala Lumpur last week centred on the development of an ASEAN-level ESG Data Infrastructure, to enable accurate, efficient and standardisation of ESG data collection, analysis and reporting, towards promoting sustainable investment in the region. 

Dubai Financial Market Holiday - Monday, December 2, 2024 And Tuesday, December 3, 2024

Date 26/11/2024

On the occasion the 53 National Day, it has been decided that the official holiday in the DFM will be starting from Monday, December 2, 2024, and work shall resume on Wednesday, December 4, 2024.

Monetary Authority Of Singapore Issues Prohibition Orders Against Mr Loh Sheng Yang For Cheating, Forgery And Acquiring Benefits Of Criminal Conduct

Date 26/11/2024

The Monetary Authority of Singapore (MAS) has issued 14-year prohibition orders (POs) against Mr Loh Sheng Yang, a former representative of United Overseas Bank Limited (UOB). This follows his conviction in the State Courts for cheating, forgery and acquiring benefits of criminal conduct. Mr Loh’s offences have given MAS reason to believe that he will not perform financial advisory and capital markets services honestly.

Announcement On The Amendments To The White Sugar Option Contract Specifications And The Options Trading Rules Of Zhengzhou Commodity Exchange

Date 26/11/2024

To better help the commercial participants from white sugar industry precisely manage short-term risks, Zhengzhou Commodity Exchange plans to launch serial options on white sugar futures. The amendments to the White Sugar Option Contract Specifications and the Options Trading Rules of Zhengzhou Commodity Exchange have been adopted at the 20th meeting of the 8th Board of Governors of Zhengzhou Commodity Exchange and filed with the China Securities Regulatory Commission, and will take effect from the night trading session (on February 28,2025) of the listing day (March 3,2025) of the serial option on SR2507.

ASX Announces Implementation Plan For Release 2 Of The CHESS Project

Date 26/11/2024

Following extensive industry consultation on scope and timing, ASX today announces its implementation plan for the settlement and subregister services (Release 2) of the CHESS system. Industry feedback to the consultation along with ASX’s response paper can be found on ASX’s website. 

Hong Kong FinTech Week 2024 Illuminates Hong Kong’s Pathway To Fintech Innovation

Date 26/11/2024

Hong Kong FinTech Week (HKFW) 2024 concluded on November 1. The week commenced with the two-day main conference on October 28 and 29, featuring engaging panels, speeches and discussions among government officials, regulators, fintech innovators and industry leaders from around the world.

SET To Introduce Caution Signs For Funds And Revise Trading Resumption Criteria For Listed Companies Under Delisting Review, Effective January 1, 2025

Date 26/11/2024

The Stock Exchange of Thailand (SET) announced the expansion of its caution sign framework for trusts, property funds, and infrastructure funds (collectively the “Funds”). Under this framework, the Funds will be subject to CB, CS, CC, and CF sign designations—a framework currently applied to listed companies—when they experience risks or incidents that could impact their financial positions, business operations or liquidity status, or demonstrate non-compliance. Trading of the Funds flagged with caution signs must be made through cash balance accounts only, and the Funds must conduct an initial public presentation within 15 days from the sign posting date and subsequently provide quarterly progress updates to facilitate prudent and informed investment decisions among unitholders and investors.

Nadex Product Schedule For The Week Of November 25, 2024 For The 2024 Thanksgiving And Japan Holidays

Date 25/11/2024

Nadex will observe the following modified holiday schedule for the week of November 25, 2024:

Monday, November 25, 2024: The Exchange will observe regular business hours.

• Weekly contracts listed on this date will have a settlement date of Friday of the current week, with the exception of any contracts not available for trading on Friday, which will have a settlement date of Wednesday of the current week;