News Centre

Statement On The Commission’s Order Approving Exchange Rules Relating To Board Diversity, SEC Commissioner Elad L. Roisman, Aug. 6, 2021

Date 06/08/2021

A Goal for All

Today, the Commission approved rule changes proposed by The Nasdaq Stock Market LLC (“Nasdaq” or the “Exchange”) relating to board diversity. One will offer certain listed companies free access, for a limited time, to a board recruitment service with access “to a network of board-ready diverse candidates.” The other will “require each Nasdaq-listed company, subject to certain exceptions, to publicly disclose in an aggregated form, to the extent permitted by applicable law, information on the voluntary self-identified gender and racial characteristics and LGBTQ+ status (all terms defined [in the Approval Order]) of the company’s board of directors.” It will also “require each Nasdaq-listed company, subject to certain exceptions, to have, or explain why it does not have, at least two members of its board of directors who are Diverse, including at least one director who self-identifies as female and at least one director who self-identifies as an Underrepresented Minority or LGBTQ+ [all terms are defined in the Approval Order].” Failure to comply could eventually, after a specified period, subject companies to delisting.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 06/08/2021

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 August 2, 2021 as indicated in the Weekly Notice. 

Statement On The Commission’s Approval Of Nasdaq’s Proposal For Disclosure About Board Diversity And Proposal For Board Recruiting Service, SEC Chair Gary Gensler, Aug. 6, 2021

Date 06/08/2021

Today, the Commission voted to approve Nasdaq’s proposed rule changes requiring issuers to disclose certain information about the diversity of the company’s board and to offer certain companies access to a complimentary board recruiting service.[1] These rules will allow investors to gain a better understanding of Nasdaq-listed companies’ approach to board diversity, while ensuring that those companies have the flexibility to make decisions that best serve their shareholders.

Nadex Refrains from Listing Certain Contracts

Date 06/08/2021

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 GBP/JPY or EUR/JPY 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date August 3, 2021;
• No GBP/JPY 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date August 6, 2021.

Nigerian Exchange Weekly Market Report For August 6th, 2021

Date 06/08/2021

A total turnover of 989.593 million shares worth N8.183 billion in 19,617 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.374 billion shares valued at N11.823 billion that exchanged hands last week in 22,982 deals.

SEC Awards $3.5 Million To Whistleblowers In Two Enforcement Actions

Date 06/08/2021

The Securities and Exchange Commission today announced awards totaling more than $3.5 million to three individuals in two separate enforcement proceedings.

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

Date 06/08/2021

As per the Securities market risk parameters methodology, on 06.08.2021, 19-06 (MSK) the upper bound of the price band (up to 7546) and initial margins (up to 20 %) for the security MNST-RM were changed. New values are available here

NGX Becomes First African Exchange To Galvanize Private Sector Participation In Closing Gender Gaps

Date 06/08/2021

Nigerian Exchange Limited (“NGX” or “The Exchange”) has become the first exchange in Africa to galvanize private sector participation in closing gender gaps across employment and entrepreneurship with the launch of the Nigeria2Equal Peer-Learning Platform and the first-of-its-kind Gender Gap Assessment Report, themed, Gender Equality in Nigeria’s Private Sector. The virtual launch held in collaboration with the International Finance Corporation (IFC) on Friday, 6 August 2021.

BIS: Ripple Effects Of Monetary Policy

Date 06/08/2021

Summary

Focus

When a firm cannot easily substitute financially constrained clients or suppliers in the face of an adverse monetary policy shock, the fall in demand or supply may create bottlenecks and induce the firm to cut back its activity. We refer to this as the "ripple effects" of monetary policy. This paper studies how conventional monetary policy transmits through the demand and supply of intermediate goods and the role of input-output linkages as transmission channels.

ESMA Publishes Its Report On The Use Of FinTech By CSDs

Date 06/08/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its Report on the use of FinTech by Central Securities Depositories (CSDs).