News Centre

London Blockchain Firm SETL Details Bold Approach To Regulating Blockchain

Date 23/07/2021

SETL, the London based blockchain company,  today published a whitepaper on how to “Realise the Regulated Internet of Value” based on a multi-asset approach to tokenisation. The paper takes on the thesis that tokenisation provides a path to a more generic way of owning and trading regulated liabilities, such as shares and bonds; maps the details of how this might work; and offers practical steps to bring together regulated DLT and unregulated public blockchains.

Shanghai Stock Exchange Briefs Disciplinary Action In 1st Half Of 2021

Date 23/07/2021

Year 2021, the first year of the "14th Five-year Plan", presents an opportunity for the capital market to march towards high-quality development. The Shanghai Stock Exchange (SSE) will earnestly implement the principle of "setting up the system with no intervention and zero tolerance" by targeting at the quality improvement of listed companies and the further implementation of the requirements of timeliness and accurate supervision through disciplinary action. In addition, the SSE is committed to protecting the comprehensive and in-depth reform and the sound and steady development of the capital market. To achieve the end, it will exert prompt and effective punishment on all kinds of violations, standardize corporate governance, and maintain the information disclosure order in a bid to purify the market ecology.

A Subsidiary Of BI Group Has Successfully Placed KZT 6.3bn Bond On AIX

Date 23/07/2021

Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that “Megastroy Ltd” LLP (“Megastroy”), a subsidiary of one of the largest developers in Kazakhstan, BI Group, placed the first Tranche under the 20 bn KZT Bond Programme in the amount of KZT6.3 bn. The Bond is due in 2022 and bears a 15.5% p.a. coupon. Jusan Invest JSC acted as a sole lead manager of the placement.

SGX Expands Reach Into FX OTC With Acquisition Of MaxxTrader

Date 23/07/2021

• US$125 million acquisition further strengthens FX as a core pillar of growth under SGX’s multi-asset strategy
• Together with wholly-owned subsidiary, BidFX, the acquisition paves the way for SGX to build an integrated and scalable FX platform that will become Asia’s largest one-stop venue for international FX OTC and futures participants

ASIC Publishes Cost Recovery Implementation Statement 2020-21 For feedback

Date 23/07/2021

ASIC today published its draft Cost Recovery Implementation Statement (CRIS) for 2020-21. The CRIS outlines ASIC’s estimated regulatory costs for 2020-21 and how these will be recovered as industry levies under the industry funding model.

Shanghai Stock Exchange Issues Guidelines For Review Rules Of Transfer Listing

Date 23/07/2021

To ensure the steady implementation of the transfer listing system and support qualified NEEQ (National Equities Exchange and Quotations) Select-listed companies to list on the SSE STAR Market, the Shanghai Stock Exchange (SSE), under the guidance of the China Securities Regulatory Commission (CSRC), releases the SSE Guidelines No. 3 for Application of Review Rules of Issuance and Listing on SSE STAR Market -- Application Documents for Transfer Listing (the Guidelines No. 3 for short), the SSE Guidelines No. 4 for Application of Review Rules of Issuance and Listing on SSE STAR Market -- Contents and Format of Transfer Listing Report (the Guidelines No. 4 for short), and the SSE Guidelines No. 5 for Application of Review Rules of Issuance and Listing on SSE STAR Market -- Sponsorship Letter for Transfer Listing (the Guidelines No. 5 for short).

Nadex Temporarily Amends Binary Contracts Strike Width

Date 23/07/2021

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or deceased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of July 19, 2021 as indicated in the Weekly Notice. 

NGX To Host Institutional Client Engagement Session

Date 23/07/2021

Nigerian Exchange Limited is set to host the first in its Institutional Client Engagement Series on Monday, 26 July 2021. The virtual event will be hosted by the Chief Executive Officer, NGX, Mr. Temi Popoola, CFA and is open to potential and existing investors who wish to engage on topical issues relating to investment exposure in the Nigerian capital market. Interested participants can register to attend via http://bit.ly/ngx-client-call.

Nadex Refrains From Listing Certain Contracts

Date 23/07/2021

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

Prosperity’s Door, SEC Commissioner Hester M. Peirce, July 21, 2021 - The FINRA Certified Regulatory And Compliance Professional Program, Georgetown University

Date 22/07/2021

Thank you, Jim [Angel], for that kind introduction. It is a delight to be here with you tonight to talk about the future of financial markets regulation. I commend all of you for putting in the time to understand better both the fundamental underpinnings and practical realities of securities law and the role it plays in our rapidly changing markets. Tonight, I look forward to exploring with you what that role should be as we look to bring more and more people into these markets as investors, entrepreneurs, and financial professionals. Before I begin, I must offer my standard disclaimer, which is that the views that I represent are my own views and not necessarily those of the Commission or my fellow Commissioners.