News Centre

Revised List Of The MOEX Shariah Indices Announced

Date 09/06/2022

Moscow Exchange announced the results of the quarterly review for MOEX Shariah Indices. All changes will be implemented from 17 June 2022.

German Broker RoboMarkets Deutschland GMBH Launches The Provision Of Its Dedicated Services To Professional Investors Only Under The RoboMarkets Pro Brand

Date 09/06/2022

RoboMarkets Deutschland GMBH, a BaFin-regulated broker registered in Frankfurt am Main, announces the start of the provision of its services dedicated only to professional clients. To implement this new strategy, the company has launched a new brand, RoboMarkets Pro, with which it will continue its operations in Germany.

Sergey Shvetsov Elected As Chairman Of The Moscow Exchange Supervisory Board

Date 09/06/2022

The Supervisory Board newly elected at the Annual General Meeting of Shareholders held its first meeting on 8 June 2022.

Hong Kong Securities And Futures Commission: Court Orders Maxim Capital Limited And Maxim Trader To Pay Investors

Date 09/06/2022

The Court of First Instance has ordered Maxim Capital Limited (Maxim Capital) and Maxim Trader to pay investors in connection with investment schemes they operated following legal proceedings brought by the Securities and Futures Commission (SFC) under section 213 of the Securities and Futures Ordinance (SFO).

Shanghai International Energy Exchange Has Released Its Circular On The Delivery Issues Of SC2207

Date 09/06/2022

Shanghai International Energy Exchange has released its Circular on the Delivery Issues of SC2207 as follows:

Singapore Green Bond Framework Introduced For Upcoming Inaugural Singapore Sovereign Green Bond Issuance

Date 09/06/2022

The Singapore Government today published the Singapore Green Bond Framework (Framework), a governance framework for sovereign green bond issuances under the Significant Infrastructure Government Loan Act 2021 (SINGA). The Framework details the Singapore Government’s (i) intended use of green bond proceeds, (ii) governance structure to evaluate and select eligible projects, (iii) operational approach to manage green bond proceeds, and (iv) commitment to post-issuance allocation and impact reporting. 

ASIC Releases Information Sheet On Warnings And Reprimands Given To Financial Advisers

Date 09/06/2022

The requirement for ASIC to give warnings and reprimands to financial advisers in specified circumstances was introduced by the Financial Sector Reform (Hayne Royal Commission Response—Better Advice) Act 2021 (Better Advice Act).

SEC Reopens Comment Period For Proposed Rule On Recovery Of Erroneously Awarded Compensation

Date 08/06/2022

The Securities and Exchange Commission today reopened the comment period on proposed rules for listing standards for recovery of erroneously awarded compensation, and the staff of the Commission released a memo that contains additional analyses and data that has the potential to be informative for evaluating the proposals.   

The Critical Importance Of The General Standard Of Auditor Independence And An Ethical Culture For The Accounting Profession[1], Paul Munter, SEC Acting Chief Accountant, June 8, 2022

Date 08/06/2022

Introduction

High-quality audits are critical to the process of providing decision-useful financial information for the benefit of investors, and auditors serve an important gatekeeping and investor protection function by helping to ensure that issues are promptly identified and addressed. The Commission has long-recognized that audits by professional, objective, and skilled accountants that are independent of their audit clients contribute to both investor protection and investor confidence in the financial statements. As such, the Commission’s auditor independence rule is integral to its mandate to protect investors and is fundamental for promoting investor confidence in the quality of financial disclosures. Rule 2-01 of Regulation S-X sets forth the Commission’s auditor independence requirements and emphasizes the importance of an accountant’s independence from its audit client in both fact and appearance.

New York State Department of Financial Services Superintendent Adrienne A. Harris Announces New DFS Regulatory Guidance On The Issuance Of U.S. Dollar-Backed Stablecoins - First U.S. Financial Regulator To Issue Stablecoin Expectations To Virtual Currency Industry - Builds Upon Superintendent Harris’ VOLT Initiative For DFS Virtual Currency Unit

Date 08/06/2022

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today issued new DFS Regulatory Guidance, setting foundational criteria for USD-backed stablecoins issued by DFS-regulated entities.