News Centre

ASIC Sues ANZ For Misleading Customers And Failing To Provide Promised Benefits – Final Royal Commission Investigation

Date 09/12/2021

ASIC has commenced civil penalty proceedings in the Federal Court against Australia and New Zealand Banking Group Ltd (ANZ) for failing to provide certain benefits it had agreed to give customers with offset transaction accounts or a ‘Breakfree’ package.

Shanghai Stock Exchange, Shenzhen Stock Exchange, And Beijing Stock Exchange: Exchanges Pool Efforts In Market Incubation To Boost High-quality Development Of Capital Market In Western Region

Date 09/12/2021

Initiated collaboratively by the Shanghai Stock Exchange (SSE), the Shenzhen Stock Exchange (SZSE) and the Beijing Stock Exchange (BSE), and jointly sponsored by the regional offices of the China Securities Regulatory Commission (CSRC) and the local financial regulatory bureaus in China’s western region, the Western Region Special Edition of Joint Incubation Program by Stock Exchanges was held in Chengdu on December 8, 2021. Officials of the three stock exchanges addressed the event. Among those present were relevant officials of the Sichuan Provincial Financial Regulatory Bureau, the Sichuan Office of CSRC, the Chengdu Municipal Financial Regulatory Bureau, the Chengdu High-tech Industrial Development Zone, and representatives from the enterprises.

Taiwan Futures Exchange Newsletter - December 2021

Date 09/12/2021

Taiwan Futures Exchange (TAIFEX) listed Mini Finance Sector Index Futures (ZFF) on December 6, 2021, in an effort to strengthen its small-sized product line-up, as well as to adapt to surging demand from retail investors for managing their risk exposure in Taiwan’s finance industry. 

SIFMA Statement On House Passage Of LIBOR Legislation

Date 08/12/2021

SIFMA released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, regarding passage of H.R. 4616, the Adjustable Interest Rate (LIBOR) Act, by the U.S. House of Representatives:

“We commend the House’s bipartisan passage of the Adjustable Interest Rate (LIBOR) Act, sponsored by Rep. Brad Sherman (D-CA). There are currently trillions of dollars of existing contracts and instruments that, as a practical matter, cannot be amended to utilize an alternative rate and Federal legislation is necessary to facilitate a smooth transition away from LIBOR to an alternative reference rate for these ‘tough legacy’ contracts. This legislation will benefit all market participants including LIBOR’s end users, who range from investors to companies to consumers."

Nadex Amends Listing Hours During The Week Of December 20, 2021

Date 08/12/2021

Nadex will observe the following modified holiday schedule for the 2021 Christmas Holiday in accordance with the Product Schedule Guidelines for Holidays:

CME Group Announces 2022 Annual Meeting Date

Date 08/12/2021

CME Group Inc. (NASDAQ: CME), the world's leading and most diverse derivatives marketplace, today announced it will conduct its 2022 annual meeting of shareholders at 10:00 a.m. Central Time on Wednesday, May 4, 2022. Additional information will be provided in the company's proxy statement

Nadex Temporarily Grants Market Maker Quoting Exemption Due To Illiquid Markets

Date 08/12/2021

Pursuant to the Nadex Market Maker Agreement, Section 4, Subsection (a)(iv), Market Maker(s) may refrain from submitting quotes during a period of illiquidity in the underlying markets, defined as thinly traded markets during particular time period. 

Corrected - Miami International Holdings Reports November 2021 Trading Results - MIAX Exchange Group Sets Annual Volume Record - MIAX Pearl Equities Sets Market Share And Volume Records

Date 08/12/2021

Miami International Holdings, Inc. today reported November 2021 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group™) and Minneapolis Grain Exchange (MGEX™).

Acting Comptroller Of The Currency Discusses Reforming Overdraft Programs

Date 08/12/2021

Acting Comptroller of the Currency Michael J. Hsu today discussed reforming bank overdraft programs to improve individuals’ financial health in remarks before the Consumer Federation of America’s 34th Annual Financial Services Conference.

Report From FINRA Board Of Governors Meeting – December 2021 - Board Approves Rule Proposals And FINRA’s 2022 Budget, Appoints SFAC And NAC Members

Date 08/12/2021

FINRA’s Board of Governors met on Dec. 1-2 in New York. During the meeting, it approved two rule proposals and FINRA’s 2022 budget, appointed members to the Small Firm Advisory Committee (SFAC) and National Adjudicatory Council (NAC), and received the results of recent SFAC and Regional Committee elections.