News Centre

CFTC Swaps Report Update

Date 23/09/2020

CFTC's Weekly Swaps Report has been updated, and is now available.

Federal Reserve: Optimism In The Time Of COVID, Vice Chair For Supervision Randal K. Quarles, At The 2020 Virtual D.C. Summit, Institute Of International Bankers, Washington, D.C. (Via Webcast)

Date 23/09/2020

I want to thank the Institute of International Bankers for inviting me to discuss the outlook for the global and U.S. economies at what I believe is an important juncture in the evolution of what I refer to as the "COVID event": the outbreak of COVID-19 and the government and social response to it.

Statement At Open Meeting On Procedural Requirements And Resubmission Thresholds Under Exchange Act Rule 14a-8, SEC Commissioner Hester M. Peirce, Sept. 23, 2020

Date 23/09/2020

Thank you, Chairman Clayton. I support today’s amendments to certain procedural requirements and the resubmission thresholds under the shareholder proposal rule. While it can be difficult to discern the signal from the noise around today’s amendments, the reality of the situation is that we are making simple, sensible, and long over-due changes to the shareholder proposal rule.

MIAX Options And MIAX Emerald Have Changed The Opening And Intra-Day Quote Width And Minimum Quote Size Requirements For Several Symbols Effective On Thursday, September 24, 2020

Date 23/09/2020

The symbols listed below will have a maximum valid quote width of $10.00 and a minimum quote size requirement of one (1) contract.

• ADBE   Adobe, Inc.
• CRM    Salesforce.com, Inc.
• NVDA  NVIDIA Corporation
• ZM       Zoom Video Communications, Inc.

Statement On Procedural Requirements And Resubmission Thresholds Under Exchange Act Rule 14a-8, SEC Commissioner Caroline A. Crenshaw, Sept. 23, 2020

Date 23/09/2020

Today the majority of the Commission is approving amendments to the procedures governing shareholder proposals. The amendments are described as a “modernization,” designed to reduce costs for corporations. Even if I agreed that was necessary, I cannot agree with the method.

Office Of The Comptroller Of The Currency Reports Decline In Mortgage Performance

Date 23/09/2020

The Office of the Comptroller of the Currency (OCC) reported the performance of first-lien mortgages in the federal banking system declined during the second quarter of 2020.

Statement On The Amendments To Rule 14a-8, SEC Commissioner Allison Herren Lee, Sept. 23, 2020

Date 23/09/2020

The final rules represent the capstone in a series of policies that will dial back shareholder oversight of management at the companies they own. Last year, the Commission adopted guidance on proxy advisors and proxy solicitation that made it more difficult and costly for investment advisers to vote shares on behalf of their clients in reliance on independent proxy voting advice. Then, earlier this year, the Commission adopted new rules and additional guidance related to proxy advisors that injected further cost and complexity into the voting process and mandated greater issuer involvement in proxy voting decisions. Having made it more difficult for shareholders to exercise their voting rights, the Commission now adopts amendments that will narrow access to another important mechanism for shareholder oversight: the shareholder proposal process. These actions collectively put a thumb on the scale for management in the balance of power between companies and their owners.

Nigerian Stock Exchange Hosts Dangote Cement To Joint Virtual Facts Behind The Figures And Sustainability Report

Date 23/09/2020

The Nigerian Stock Exchange (NSE or The Exchange) hosted Dangote Cement Plc to a joint virtual Facts Behind the Figures and Sustainability Report on Wednesday, 23 September 2020. The event provided a platform for the Management of Dangote Cement Plc to present its financial performance, strategic and operational developments and sustainability initiatives to the capital market community.

SEC Adopts Amendments To Modernize Shareholder Proposal Rule

Date 23/09/2020

The Securities and Exchange Commission today voted to adopt amendments to modernize its shareholder proposal rule, which governs the process for a shareholder to have its proposal included in a company’s proxy statement for consideration by all of the company’s shareholders.  The principal requirements for: (1) initial inclusion in the proxy statement — the amount and length of ownership of the proposing shareholder — and (2) for subsequent resubmission if the proposal is not approved — the amount of support from other shareholders — have not been substantively amended since 1998 and 1954, respectively.    

ESMA Agrees Position Limits Under MiFID II

Date 23/09/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published three opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR).