News Centre

U.S. Chamber Statement On The Regional Comprehensive Partnership Agreement (RCEP) - Brilliant: “The U.S. Risks Being Left Behind As Economic Integration Accelerates Across The Vital Asia-Pacific Region.”

Date 17/11/2020

U.S. Chamber Executive Vice President and Head of International Affairs Myron Brilliant issued the following statement today regarding the recently signed Regional Comprehensive Partnership Agreement (RCEP):

“The U.S. Chamber welcomes the trade-liberalizing benefits of the newly signed Regional Comprehensive Partnership Agreement but is concerned that the United States is being left behind as economic integration accelerates across the vital Asia-Pacific region. While U.S. exports to the Asia-Pacific market have steadily increased in recent decades, our market share has been shrinking in relative terms."

Statement On Recent Enforcement Matters Involving “VIX-Related” And Other Complex Exchange Traded Products (ETPs) From The SEC Office Of Compliance Inspections And Examinations

Date 16/11/2020

It is critically important for registered investment advisers and broker-dealers to implement robust and effective policies and procedures reasonably designed to prevent violations of the federal securities laws, which includes ensuring that their financial professionals understand the risks and purposes of the products they advise on and/or recommend to firm clients and customers.  Moreover, firms must ensure that their financial professionals, including independent contractors acting on their behalf, actually follow in practice those firm policies and procedures.

ASIC Consults On Promoting Access To Affordable Advice For Consumers

Date 16/11/2020

ASIC has today issued Consultation Paper 332 Promoting access to affordable advice for consumers (CP 332).

Statement Of CFTC Chairman Heath P. Tarbert On SEC Chairman Jay Clayton

Date 16/11/2020

Commodity Futures Trading Commission Chairman Heath P. Tarbert released the following statement regarding SEC Chairman Jay Clayton’s announcement of his future plans:

“It has been an honor to serve alongside Jay Clayton. He is one of the smartest and most capable transactional attorneys in the country and an even better colleague and friend. As leaders of the SEC and CFTC, we have worked together closely to harmonize our rules where appropriate and hold wrongdoers accountable."

Rechtsanwalt Dr Michael Jaffé, Insolvency Administrator Of Wirecard AG And Wirecard Technologies Gmbh, Aschheim: Investor Process For Core Business Successfully Completed - Banco Santander Acquires Technology Assets And Platform - Employees Can Join Santander - Aschheim Site Remains

Date 16/11/2020

In the insolvency proceedings concerning the assets of Wirecard AG, Wirecard Technologies GmbH and other companies of the Wirecard Group, the assets of the European core business were successfully sold after an intense investor process. Banco Santander will acquire the technology platform of the payment service provider in Europe as well as all highly specialized technological assets. Most employees currently managing the acquired assets will become part of Santander's global merchant services team. This also applies to the majority of employees of Wirecard Bank AG, which will enter into a solvent wind-down process after the transaction has been completed. The transaction is subject to antitrust approval and certain other conditions and expected to close by the end of the year. Until closing date, Wirecard and Santander will jointly work to ensure a smooth transition to this new phase of the Wirecard service.

CFTC Commitments Of Traders Update

Date 16/11/2020

The current reports for the week of November 10, 2020 are now available.

Statement From Robert W. Cook, FINRA President And CEO Regarding SEC Chairman Jay Clayton

Date 16/11/2020

Throughout his tenure as Chairman of the SEC, Jay Clayton has been a strong advocate for investors and for fairness and integrity in our securities markets, and we have valued his partnership and support in overseeing the securities industry. Chairman Clayton has put forward an array of initiatives that promote the interests of retail investors, strengthen the effective regulation of securities markets and firms, enhance opportunities for companies and investors in the capital-raising process and expand the inclusiveness of the SEC and the industry it oversees. We congratulate him on his outstanding leadership of the SEC, and wish him well in his future endeavors.

Ontario Securities Commission Seeks Comment On Priorities For 2021-2022

Date 16/11/2020

The Ontario Securities Commission (OSC) is seeking comment on its draft 2021-2022 Statement of Priorities (SoP) to inform its business planning for the 2021-2022 fiscal year. The document sets out the priority initiatives the OSC will pursue in support of its four strategic goals, which are to: promote confidence in Ontario’s capital markets; reduce regulatory burden; facilitate financial innovation; and strengthen the OSC’s organizational foundation.

Nadex Product Schedule For The Week Of November 23, 2020 For The 2020 Thanksgiving And Japan Holidays

Date 16/11/2020

Nadex will observe the following modified holiday schedule for the week of November 23, 2020:

CFTC Approves Nodal Clear, LLC to Clear For Other Designated Contract Markets

Date 16/11/2020

Nodal Clear announced today that the Commodity Futures Trading Commission (CFTC) has approved an Amended Order of Registration for Nodal Clear, LLC, removing a previous requirement limiting its activities as a registered derivatives clearing organization (DCO) to clearing contracts executed on or through its affiliated designated contract market (DCM), Nodal Exchange, LLC.