News Centre

Securities Commission Malaysia Reprimands Remitano And Seeks To Block Access To Its Website

Date 13/04/2021

The Securities Commission Malaysia (SC) has reprimanded Remitano for operating a digital asset exchange (DAX) in Malaysia without authorisation from the SC. The entity has also being included on the SC’s Investor Alert list. 

Message From JPX Group CEO Regarding Transition To New Market Segments

Date 13/04/2021

On April 4, 2022, the stock market operated by Tokyo Stock Exchange, Inc. will be restructured into three new market segments: Prime Market, Standard Market, and Growth Market. Today we have published a message from the Group CEO to mark the milestone of one year remaining before the market restructure.

HKEX Appoints Head Of Post Trade Change

Date 13/04/2021

Hong Kong Exchanges and Clearing Limited (HKEX) is today (Tuesday) pleased to announce that Lisa O’Connor has joined the company as Managing Director, Head of Post Trade Change, reporting to Head of Post Trade, Glenda So.

Shanghai Futures Exchange: Notice On Investigation And Penalties For Violations Of Relevant Rules And Regulations In March 2021

Date 13/04/2021

Shanghai Futures Exchange (hereinafter referred to as “The Exchange”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. 

SEC: Staff Statement On Accounting And Reporting Considerations For Warrants Issued By Special Purpose Acquisition Companies (“SPACs”) John Coates, Acting Director, Division Of Corporation Finance, Paul Munter, Acting Chief Accountant, April 12, 2021

Date 12/04/2021

Introduction

In a recent statement, Acting Chief Accountant Paul Munter highlighted a number of important financial reporting considerations for SPACs. Among other things, that statement highlighted challenges associated with the accounting for complex financial instruments that may be common in SPACs. Additionally, CF staff also issued a recent statement highlighting key filing considerations for SPACs.

New Zealand Financial Markets Authority Provides Breakdown Of Financial Advice Providers In The New Regime

Date 12/04/2021

The Financial Markets Authority (FMA) has provided transitional licence numbers under the new financial advice regime, revealing how many financial advice providers are operating in New Zealand. It follows the start of the new financial advice regime last month.

NYSE Group Consolidated Short Interest Report

Date 12/04/2021

NYSE today reported short interest as of the close of business on the settlement date of March 31, 2021.

Nasdaq Announces End-Of-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date March 31, 2021

Date 12/04/2021

At the end of the settlement date of March 31, 2021, short interest in 2,626 Nasdaq Global Market^SM securities totaled 8,451,076,714 shares compared with 8,163,912,977 shares in 2,610 Global Market issues reported for the prior settlement date of March 15, 2021. The end-of-March short interest represent 2.54 days average daily Nasdaq Global Market share volume for the reporting period, compared with 2.24 days for the prior reporting period.

FTSE Mondo Visione Exchanges Index Down 2.7 % In March, London Stock Exchange Group Down By 28.8% On Refinitiv Integration Fears, Index Down 0.5 % In Q1 2021, Up 35.3% Over 12 Months

Date 12/04/2021

The implosion of Archegos caused wide-spread chaos on markets amidst concerns on the potential contagion effect that the sell-off could have on global equity markets where sentiments have recently been dampened by surging bond yields.

Statement On The Staff ESG Risk Alert, SEC Commissioner Hester M. Peirce, April 12, 2021

Date 12/04/2021

On Friday, the SEC’s Division of Examinations published a risk alert, describing the areas on which the staff is focusing in examinations of registered investment advisers’ and funds’ ESG offerings. This alert comes as many financial firms are finding gold in the green—they are offering ESG products because it is lucrative to do so. Therefore, as I have noted previously, asset manager accountability in the ESG space is important. Firms claiming to be conducting ESG investing need to explain to investors what they mean by ESG and they need to do what they say they are doing. This same rule applies no matter what label an adviser puts on its products and services. I commend the staff for seeking, through this alert, to aid firms and their compliance officers in assessing their ESG claims and practices preemptively in their own organizations.