News Centre

EBA: Consultation On Draft Guidelines On The Limited Network Exclusion Under PSD2 (EBA/CP/2021/28)

Date 16/07/2021

The European Banking Authority (EBA) launched today a public consultation on draft Guidelines providing clarity on the application of the limited network exclusion requirements, which certain payment instruments might benefit from, as laid down in the revised Payment Services Directive (PSD2). Such payment instruments include store cards, fuel cards, public transport cards, and meal vouchers. Given the significant inconsistencies the EBA has identified on how this exclusion is applied across the EU, the proposed Guidelines aim at clarifying specific aspects of its application, including on how a network of service providers or a range of goods and services should be assessed in order to qualify as ‘limited’, the use of payment instruments within limited networks, the provision of excluded services by regulated financial institutions and the submission of notification to competent authorities (CAs). The consultation runs until 15 October 2021.

CFFEX: Notice On Delivery Of Equity Index Futures And Options Contracts

Date 16/07/2021

It is hereby announced that:

• The following equity index futures and options contracts are delivered on July 16, 2021 at their respective final settlement prices:
• IF2107 CSI 300 index futures contracts and the IO2107 series CSI 300 index options contracts are delivered at the final settlement price of 5114.13;
• IC2107 CSI 500 index futures contracts are delivered at the final settlement price of 6956.90;
• IH2107 SSE 50 index futures contracts are delivered at the final settlement price of 3378.08.

Global X Joins SIX As New ETF Issuer

Date 16/07/2021

As of today, investors on the Swiss stock exchange benefit from additional investment choices thanks to two thematic ETFs from the new issuer Global X ETFs.

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.