News Centre

Shanghai Stock Exchange Releases Consultation And Communication Guide For Review Business Of SSE STAR Market

Date 16/07/2021

The SSE No. 3 Guide for Review Business of Issuance and Listing on SSE STAR Market – Business Consultation and Communication (hereinafter referred to as "The Guide"), released by the Shanghai Stock Exchange (SSE) on July 16, aims to further improve the consultation and communication mechanism, improve review transparency , and serve the needs of market participants. It is an important measure for the SSE to do practical work for market participants and promote transparent review.

ASIC Finalises Investigation Into AMP Financial Planning ‘Fees For No Service’ Criminal Conduct

Date 16/07/2021

ASIC has finalised its investigation into the alleged fees-for-no-service conduct by AMP Financial Planning Pty Limited (AMP Financial Planning) arising from its Buyer of Last Resort Policy (BOLR Policy). This conduct was the subject of inquiry and evidence at the Financial Services Royal Commission.

Nadex Refrains From Listing Certain Contracts

Date 16/07/2021

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: 

• No EUR/JPY, GBP/JPY, GBP/USD, or USD/CAD 5-Minute contacts were listed for the 6:05pm through 6:15pm ET expiration times on trade date July 12, 2021;

• No GBP/JPY 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date July 14, 2021;

• No GBP/JPY 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date July 15, 2021;

• No GBP/JPY 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date July 16, 2021.

International Online Trading Platforms Pay More Than $4 Million Following Settlement With The Ontario Securities Commission

Date 15/07/2021

A Panel of the Ontario Securities Commission (OSC) today approved a settlement agreement with Vantage Global Prime Pty Ltd (VGP) and Vantage International Group Ltd (VIG) for improperly selling contracts for difference (CFDs) to Ontario investors.

Canadian Securities Regulators Publish Final Amendments To Enhance Protection Of Older And Vulnerable Clients

Date 15/07/2021

The Canadian Securities Administrators (CSA) published final amendments today that will improve protection of older and vulnerable clients across Canada, by providing registrants with tools and guidance to address situations involving diminished mental capacity or financial exploitation of their clients. 

ISDA derivatiViews: The LIBOR End Game

Date 15/07/2021

There can be no mistaking the regulatory message on LIBOR transition in recent weeks. A succession of letters, statements and reports, including those from the Financial Stability Board, the Commodity Futures Trading Commission (CFTC) and regulators at a recent Financial Stability Oversight Council meeting, all broadly made the same point: hurry up.

Canadian Securities Regulators Issue Warning About Suspicious Emails

Date 15/07/2021

The Canadian Securities Administrators (CSA) has been monitoring its systems for unusual activities after several registrants received e-mails that purport to come from CSA staff.

Trade Associations Submit Letter On CSDR Mandatory Buy-in Rules

Date 15/07/2021

On July 14, 2021, ISDA and 15 other trade associations wrote to the European Securities and Markets Authority (ESMA) and the European Commission (EC) on the timeline for implementation of the mandatory buy-in rules as part of the Central Securities Depositories Regulation (CSDR) settlement discipline regime. The associations welcome the report from the EC on the CSDR review published in July 2021, and fully support the intention to consider amendments to the mandatory buy-in regime, subject to an impact assessment. The associations request that ESMA and the EC take action to ensure the mandatory buy-in rules for non-central-counterparty transactions are not subject to application on February 1 2022, when the relevant regulatory technical standard is set to enter into force, and to provide clarity to market participants on the matter on an urgent basis.

Securities Regulators Announce Canadian Firm Selected For Cross-Border Testing

Date 15/07/2021

The Ontario Securities Commission (OSC), the Autorité des marchés financiers (AMF), the Alberta Securities Commission (ASC), and the British Columbia Securities Commission (BCSC) today announced that Bedrock AI Inc. has been selected to participate in a cross-border testing initiative supported by 23 regulators across five continents, as part of the Global Financial Innovation Network (GFIN).  

U.S. Department Of The Treasury Calls For Large Position Reports

Date 15/07/2021

The U.S. Department of the Treasury is calling for Large Position Reports from those entities whose positions in the 0-7/8% Treasury Notes of November 2030 equaled or exceeded $4.1 billion as of Monday, November 16, 2020 or Monday, December 14, 2020.