News Centre

ESMA Proposes Lowering The Reporting Threshold For Net Short Positions To 0.1% On A Permanent Basis

Date 20/05/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, recommends to the European Commission (EC) to permanently lower the threshold to notify net short positions on shares to national competent authorities (NCAs) from 0.2% to 0.1%.

In First 11 Days, U.S. Department Of The Treasury Distributes $105.3 Billion Through Coronavirus State And Local Fiscal Recovery Funds In The 11 Days Since Launching A $350 Billion Relief Program For States, Cities, Tribes And Territories, Treasury Approved More Than 1,500 Recipients And Disbursed Approximately 30% Of Total Resources

Date 20/05/2021

Today, the U.S. Department of the Treasury announced that it has distributed $105.3 billion to more than 1,500 recipients through the Coronavirus State and Local Fiscal Recovery Funds, established by the American Rescue Plan Act of 2021. This $105.3 billion distribution is part of the $350 billion allocated in emergency funding for state, local, territorial, and Tribal governments. Only 11 days since announcing the $350 billion allocation and guidelines on ways the funds can be used to respond to acute pandemic-response needs, fill revenue shortfalls among state and local governments, and support the communities and populations hardest-hit by the COVID-19 crisis, the Department already distributed approximately 30% of the total allocation – and nearly half of the funds available for immediate disbursement – by close of business on Wednesday, May 19. Treasury is committed to ensuring these resources are disbursed as quickly as possible to eligible state, territorial, metropolitan city, county, and Tribal governments to assist communities as they recover from the pandemic.

UK Financial Conduct Authority Charges Ian Hudson With Fraudulent Trading And Carrying On Regulated Activities Without Authorisation

Date 20/05/2021

The Financial Conduct Authority (FCA) has commenced criminal proceedings against Ian James Hudson, following an investigation.

ESMA Appoints Natasha Cazenave As Executive Director

Date 20/05/2021

Housing – The Quiet Decade - Speech By Jon Cunliffe, Bank Of England Deputy Governor, Financial Stability, Given At The Law Society’s Online Property Section Convention

Date 20/05/2021

UK house prices and transactions were relatively muted in the 10 years before Covid when compared to historical trends. Jon Cunliffe talks about why this is.

Hong Kong Securities And Futures Commission Steps Up Efforts To Combat IPO-Related Misconduct

Date 20/05/2021

The Securities and Futures Commission (SFC), in collaboration with the Stock Exchange of Hong Kong Limited (SEHK), is intensifying its efforts to tackle misconduct and improper behaviour related to new listings. An SFC-SEHK joint statement released today notes some problematic issues in recent initial public offerings (IPOs) which suggest the lack of genuine investor interest and call into doubt the existence of an open, orderly and fair market in the shares.

HKEX: Exchange Publishes Consultation Conclusions On (1) The Main Board Profit Requirement And (2) Review Of Listing Rules Relating To Disciplinary Powers And Sanctions

Date 20/05/2021

• Conclusions focus on market quality and on investor protection
• Profit Requirement to increase 60 per cent, with effect from 1 January 2022
• Proposals relating to disciplinary powers and sanctions to be implemented with effect from 3 July 2021

UK Financial Conduct Authority Consults On Use Of New Powers To Support Orderly Wind Down Of Critical Benchmarks

Date 20/05/2021

Today the FCA has published a consultation on its proposed policy framework for exercising two of its new powers under the Benchmarks Regulation (BMR), which will be introduced by the Financial Services Act 2021. These powers relate to the use of critical benchmarks that are being wound down. The consultation is another important step in the wind down of LIBOR.

Hong Kong Securities And Futures Commission And Stock Exchange Of Hong Kong: Joint Statement On IPO-Related Misconduct

Date 20/05/2021

This statement sets out the general approach taken by the Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (SEHK) to some regulatory issues noted in recent new listings and how they may deploy their respective powers under the Securities and Futures Ordinance (SFO), the Securities and Futures (Stock Market Listing) Rules (SMLR), the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (Listing Rules) to tackle these issues in the future.

Saxo Markets UK Appoints Simon O’Malley As New CFO

Date 20/05/2021

Saxo Bank, the online multi-asset trading and investment specialist, today announces that Simon O’Malley has been appointed as the new Chief Financial Officer and Board Member of its subsidiary, Saxo Markets UK.