News Centre

Dubai Financial Market Pays Tribute To The UAE Martyrs - Hassan Al Serkal: “The Courageous Sacrifices Of Martyrs Will Always Be Treasured In Hearts Of The UAE People”

Date 30/11/2020

Dubai Financial Market (DFM) hosted a special ceremony on Monday, 30 November 2020, on the occasion of the Martyrs Commemoration Day,as the nation offers tribute to the courageous martyrs of the United Arab Emirates. The ceremony was held with participation of employees of DFM and Dubai Islamic Economy Development Centre as well as brokers and investors.

Hong Kong's Securities And Futures Commission Commences Legal Proceedings Against New Ray Medicine International Holding Limited And Its Former Top Executives

Date 30/11/2020

The Securities and Futures Commission (SFC) has commenced legal proceedings in the Court of First Instance to seek disqualification orders against former chairman and executive director of New Ray Medicine International Holding Limited (New Ray), Mr Zhou Ling, and the company’s former chief executive officer and executive director, Mr Dai Haidong, for allegedly committing corporate misconduct and breaching their duties towards New Ray.

Monetary Authority Of Singapore Orders Removal Of Eagle Hospitality REIT Manager

Date 30/11/2020

The Monetary Authority of Singapore (MAS) announced today that it has directed DBS Trustee Limited (Trustee), in its capacity as the trustee of Eagle Hospitality Real Estate Investment Trust (EH-REIT), to remove Eagle Hospitality REIT Management Pte Ltd (EH-REIT Mgt) as the Manager of EH-REIT, and to appoint a new manager as soon as practicable. This direction follows MAS’ Notice of Intention (NOI) issued on 26 October 2020 to direct the Trustee to remove EH-REIT Mgt and appoint a new manager. 

Japan Exchange Group: Report From The System Failure Investigation Committee

Date 30/11/2020

In response to the system failure that occurred on October 1, 2020, on October 5 JPX established a "System Failure Investigation Committee" comprised of independent outside directors of JPX to investigate, among other things, the cause(s) of the system failure and to maximize the effectiveness of measures put in place based on the investigation results, including those to prevent similar incidents. JPX announces that it has today received the Committee's report (only available in Japanese).

Submission Of A Comment Letter On The IFRS Foundation Consultation Paper On Sustainability Reporting By The IFRS Council Of Japan

Date 30/11/2020

The IFRS Council of Japan, in which Japan Exchange Group, Inc. and Tokyo Stock Exchange, Inc. participate as members, has submitted a comment letter on the IFRS Foundation Consultation Paper on Sustainability Reporting (published on September 30, 2020).

CLS And Finastra Collaborate To Deliver Netting Services To Customers - More Market Participants To Benefit From CLSNet’s Improvements To Intraday Liquidity, Operational Efficiency, And Risk Mitigation

Date 30/11/2020

CLS, a market infrastructure delivering settlement, processing and data solutions, and Finastra, one of the world’s largest fintechs, have agreed to enter into a collaboration to provide Finastra customers with access to CLSNet, CLS’s bilateral payment netting calculation service. The move addresses increased demand from the buy-side for a centralized infrastructure to manage post-trade processes.

HKEX Welcomes Neil Shen To International Advisory Council

Date 30/11/2020

• HKEX appoints Neil Shen, Steward of Sequoia Capital, Founding and Managing Partner of Sequoia Capital China, as the sixth member of its International Advisory Council
• Council comprises experts in economics, business, technology and finance who advise the HKEX Board of Directors

Europex: Minimum Carbon Pricing Is Distortive And Not Needed – Why Free Price Formation Should Remain A Cornerstone Of The EU ETS’ Volume-Based Cap-And-Trade Mechanism

Date 30/11/2020

The EU Emissions Trading System (EU ETS) is a cornerstone of the EU’s policy to combat climate change and the key carbon pricing instrument for reducing greenhouse gas emissions cost efficiently. While the main variant in terms of carbon pricing is a cap and trade system such as the EU ETS, other variants exist. The concept of a carbon price floor, for example, is regularly advertised as a way to improve investment certainty by reducing carbon price risk, decreasing the cost of capital and facilitating access to finance. Additionally, the price floor argument has been touted as a way of protecting against drops in fossil fuel prices and accelerating decarbonisation efforts by providing predictable long-term price signals. As such, a number of EU Member States have expressed their interest in considering the introduction of a carbon price floor, either by combining it with the EU ETS or in the form of a carbon tax.

Dubai Financial Market Market Holiday - Commemoration Day And UAE's 49th National Day - Market Closed From 1st To 3rd December - Trading Resumes Sunday 6th December 2020

Date 30/11/2020

On the occasion of Commemoration Day and UAE's 49th National Day, DFM will be closed starting from Tuesday 1 December2020 till Thursday 3 December 2020 and work shall resume on Sunday 6 December 2020.

IFRS Council Of Japan: Comment Letter On The IFRS Foundation Consultation Paper On Sustainability Reporting

Date 30/11/2020

The IFRS Council of Japan(*), in which the Financial Services Agency（FSA) and the Financial Accounting Standards Foundation (FASF) serve as the secretariat, has submitted a comment letter on the IFRS Foundation Consultation Paper on Sustainability Reporting, published on September 30, 2020.