News Centre

Shanghai International Energy Exchange Has Released Its Trading Schedule During National Holidays For Year 2021

Date 23/12/2020

Shanghai International Energy Exchange has released its Trading Schedule during National Holidays for Year 2021 as follows: 

Pursuant to the Circular on Issues Concerning the Holiday Schedule for Year 2021 (ZJBF [2020] No.74 ) issued by the General Office of the China Securities Regulatory Commission (“CSRC”), Shanghai International Energy Exchange (“INE”) hereby announces the following trading schedule during national holidays for year 2021:

HKEX: OTC Clear Completes 1st Trades For Japanese Banks Via Client Clearing

Date 23/12/2020

• Trades reflect increased client demand for CCS clearing services through HKEX
• Strong growth in CCS clearing volumes for first nine months to 30 September 2020, up 17 per cent to US$62 billion

Japan Financial Services Agency: Memorandum Of Cooperation With The Commissione Nazionale Per Le Società E La Borsa Of Italy (CONSOB)

Date 23/12/2020

On December 22, the Financial Services Agency and the Commissione Nazionale per le Società e la Borsa of Italy (CONSOB) signed a Memorandum of Cooperation (MoC) regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate on a cross-border basis in Japan and Italy

Hong Kong Securities And Futures Commission Concludes Consultation On Customer Due Diligence Requirements For Open-Ended Fund Companies

Date 23/12/2020

The Securities and Futures Commission (SFC) today released consultation conclusions on proposed customer due diligence requirements for open-ended fund companies (OFCs).

MNI China Liquidity Index™ – Eases To 15.7 In December

Date 23/12/2020

Key Points – December Report

Liquidity was boosted in December, as the People’s Bank of China maintained an ‘ample’ supply of cash, the latest MNI Liquidity Conditions Index shows.

To 2021 And Beyond – A Regulator’s Perspective, By Tan Boon Gin, CEO, Singapore Exchange Regulation

Date 23/12/2020

This commentary was first published in The Business Times on 23 December 2020.

I attended and spoke at several conferences and panel discussions in November. While these were different events put together by organisations including Global Compact Network Singapore, the Financial Times, Association of Corporate Treasurers, Singapore Institute of Directors, and REIT Association of Singapore, they all had a similar link – COVID-19. COVID-19 has swept across the globe, broken up supply chains, shuttered businesses and rendered masses of individuals jobless. The pandemic has become a common thread for discussion and introspection across typically unconnected events.

ASIC And IOSCO Report On Retail Market Conduct Issues Arising From COVID-19

Date 22/12/2020

IOSCO’s Retail Market Conduct Task Force (RMCTF), co-chaired by ASIC and the Central Bank of Ireland, has today published the Retail Market Conduct Task Force Report: Initial Findings and Observations About the Impact of COVID-19 on Retail Market Conduct.

CME Group Inc. Announces Fourth-Quarter And Year-End 2020 Earnings Release, Conference Call

Date 22/12/2020

CME Group Inc. will announce earnings for the fourth quarter and full year of 2020 before the markets open on Wednesday, February 10, 2021. Written highlights for the quarter and year will be posted on the company's website at 6:00 a.m. Central Time, the same time it provides its earnings press release. The company will hold an investor conference call that day at 7:30 a.m. Central Time, at which time company executives will take analysts' questions. 

Statement On The Proposed Amendment To Rule 144, SEC Commissioner Elad L. Roisman, Dec. 22, 2020

Date 22/12/2020

The amendment to Rule 144 that the Commission proposed today is on the one hand a small, highly technical change, but on the other is the kind of unglamorous work that finely tunes our regulatory regime to meet the changing needs of the market. This proposed rulemaking would close a loophole that could put investors at risk and appears to have done little to forward the legitimate interests of smaller companies or their early-stage investors. Our ability to identify and address such details of regulation attest to the acumen of our staff and, in this case in particular, our former Director of Corporation Finance, Bill Hinman. This proposed amendment is a necessary change and one I was pleased to support.

CFTC: Federal Court Orders North Carolina Man To Pay Over $255,000 In Futures And Forex Fraud Scheme

Date 22/12/2020

The Commodity Futures Trading Commission today announced that Judge Max O. Cogburn Jr., of the U.S. District Court for the Western District of North Carolina, entered a consent order against Mark N. Pyatt, of North Carolina, imposing a permanent injunction and ordering Pyatt to make restitution in the amount of $255,850. The order also permanently bans Pyatt from registering with the CFTC and from trading commodity futures and retail foreign exchange contracts (forex). In the order, Pyatt admitted to fraudulently soliciting individuals to place funds in a commodity pool and to misappropriating most of the funds he solicited.