News Centre

Statement On SEC Commissioner Roisman’s Departure, SEC Chair Gary Gensler, Dec. 20, 2021

Date 20/12/2021

Today, my colleague and fellow Commissioner Elad Roisman announced his intentions to step away from the agency in January. I’d like to thank Commissioner Roisman for his dedicated service to the Commission and to the American public, both as a Commissioner and as Acting Chairman. While we didn’t always agree on policy matters, I’ve come to rely on his judgment and expertise, and I have enjoyed a positive working relationship with him.

SEC Charges Private Equity Fund Adviser With Fee And Expense Disclosure Failures

Date 20/12/2021

The Securities and Exchange Commission today charged registered investment adviser Global Infrastructure Management, LLC for failing to properly offset management fees and for making misleading statements about the fees and expenses it charged. Global agreed to pay a $4.5 million penalty to settle the SEC charges and voluntarily has repaid $5.4 million to its affected private fund clients. 

Office Of The Comptroller Of The Currency Reports Third Quarter 2021 Bank Trading Revenue

Date 20/12/2021

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and savings associations of $6.8 billion in the third quarter of 2021. The third quarter trading revenue was $1.3 billion, or 15.5 percent, less than the previous quarter.

ISDA derivatiViews: Next Steps For China’s Derivatives Market

Date 20/12/2021

In recent years, Chinese authorities have made incremental progress in developing the country’s derivatives markets and removing barriers to international participation. In 2021, they took a major step forward with draft legislation that would recognize the enforceability of close-out netting. With this seismic development now within reach, it is time to consider what further steps will be needed to promote a safe, robust and efficient derivatives market in China.

SEC Charges Five Russians In $80 Million Hacking And Trading Scheme

Date 20/12/2021

The Securities and Exchange Commission today announced fraud charges against five Russian nationals for engaging in a multi-year scheme to profit from stolen corporate earnings announcements obtained by hacking into the systems of two U.S.-based filing agent companies before the announcements were made public. The filing agents assist publicly traded companies with the preparation and filing of periodic reports with the SEC, including quarterly reports containing earnings information.

Government Of Ontario: Capital Markets Act (CMA) Consultation Extended To February 18

Date 20/12/2021

The Government of Ontario has published draft legislation for the new Capital Markets Act (CMA), accompanied by a policy commentary document and table of concordance. This draft legislation is part of the Capital Markets Modernization Review, and is intended as a vehicle to adopt a number of the Taskforce’s modernization recommendations.

SEC Charges Clinical Drug Trial Investigator With Insider Trading

Date 20/12/2021

The Securities and Exchange Commission today announced charges against Daniel V.T. Catenacci for insider trading in the securities of biotechnology company Five Prime Therapeutics, Inc. in advance of the company’s November 10, 2020 announcement that it had achieved positive drug trial results for its flagship cancer drug Bemarituzumab.

BOX Exchange: January 2022 Fee Change

Date 20/12/2021

BOX Exchange LLC is amending Section VIII (Participant Fees) of the BOX Fee Schedule.1 Specifically, BOX Options Market is adopting monthly Electronic Market Maker Trading Permit Fees as follows:

Moscow Exchange: Risk Parameters Change For The Security QDEL-RM

Date 20/12/2021

As per the Securities market risk parameters methodology, on 20.12.2021, 21-26 (MSK) the upper bound of the price band (up to 14601) and initial margins (up to 42.5 %) for the security QDEL-RM were changed. New values are available here

The EBA Introduces Enhanced Proportionality In Supervisory Reporting

Date 20/12/2021

• Reporting requirements for small institutions are significantly reduced in the area of additional liquidity monitoring metrics (ALMM) and asset encumbrance. 
• The amendments to the reporting are a step forward in the implementation of the EBA’s recommendations on cost reduction measures included in its study on the cost of compliance with supervisory reporting requirements.
• Additional amendments to the templates are proposed with the aim of implementing changes to regulatory requirements, streamlining reporting requirements, filling in data gaps and further clarifying the reporting instructions.