News Centre

SIX Launches Industry-First Data Service To Simplify Assessment Of Tax-Related Costs For The Front-Office

Date 23/09/2020

SIX today launches “SIX Tax Score®”, designed to analyse the tax consequences of financial products, available to banks, wealth managers and asset managers in the form of a benchmark covering Swiss, UK and French tax jurisdictions.

ASIC Extends COVID-19 Relief For Certain Capital Raisings And Financial Advice

Date 23/09/2020

ASIC is extending the temporary relief for capital raisings and financial advice due to the continuing uncertain impacts of COVID-19. ASIC is also extending the financial advice relief related to the COVID-19 early release of superannuation scheme in light of the extension of the scheme by the Government.

Shenzhen Stock Exchange To Further Strengthen Regulation On Stock Issuance And Underwriting On ChiNext Board To Give Better Play To The Role Of The Market-Oriented Resource Allocation Mechanism

Date 23/09/2020

Since the implementation of the reform of the ChiNext Board and the pilot project of the registration-based IPO system, Shenzhen Stock Exchange (SZSE) has systematically advanced new stock issuance and underwriting, the important link for pre-IPO companies to enter the capital market, by actively giving play to the role of the market-oriented book building, pricing and placing mechanisms. For the recent new circumstances regarding the book building and pricing of some new stocks, SZSE has attached great importance and conduct special surveys to seek relevant opinions and suggestions from main market players. Through these efforts, SZSE aims to better leverage the role of the market-oriented issuance pricing mechanism so that it can further optimize resource allocation and promote the high-level circulation of technology, capital and the real economy.

CFTC Chairman Tarbert To Keynote Virtual Event Hosted By the City Of London Corporation

Date 22/09/2020

ISDA: Asian Options – IQ September 2020

Date 22/09/2020

Both Brexit and benchmark reform emerged as headline issues relatively close together – June 2016 for the Brexit referendum and July 2017 when the UK Financial Conduct Authority revealed that LIBOR might not exist after the end of 2021. They are now also approaching their denouement in lockstep: both will require a big push by firms in the remaining months of 2020 in order to be ready for the changes they will bring in 2021 and beyond.

Deutsche Börse: Unscheduled Adjustment In DAX - Adjustments Due To Spin-Off Of Siemens Energy From Siemens - DAX Calculation On 28 September With 31 Companies

Date 22/09/2020

On Tuesday, Qontigo’s global index provider STOXX Ltd. announced an unscheduled change to the DAX index.

Following the spin-off of Siemens Energy AG (DE000ENER6Y0) from Siemens AG (DE0007236101), an adjustment of the DAX index is required. On 28 September, Siemens Energy AG will therefore be included in the DAX index for one day. This adjustment ensures the trackability of the index for investors. The DAX index will accordingly be calculated on a basis of 31 companies for one day.

Moscow Exchange: Risk Parameters Change For The Security AAPL-RM

Date 22/09/2020

As per the Securities market risk parameters methodology, on 22.09.2020, 22-46 (MSK) the upper bound of the price band (up to 8932) and initial margins (up to 17.5 %) for the security AAPL-RM were changed. New values are available here

Testimony Before The Subcommittee On Diversity And Inclusion, Committee On Financial Services, Pamela Gibbs Director, SEC Office Of Minority And Women Inclusion, Washington D.C., Sept. 8, 2020

Date 22/09/2020

Chair Beatty, Ranking Member Wagner, and Members of the Subcommittee:

Thank you for the opportunity to testify about the work of the Office of Minority and Women Inclusion (OMWI) at the U.S. Securities and Exchange Commission (SEC). Under OMWI’s leadership and guidance, the SEC pursues strategies and initiatives that are focused on enhancing diversity, inclusion, and opportunity in the agency’s senior management and professional occupations. The SEC also strives to foster an inclusive work environment where all employees are treated fairly, valued, and respected. Beyond our workforce, we are committed to promoting diversity and inclusion in the SEC’s supplier network and in the industry participants the agency oversees. At the SEC, diversity and inclusion is embraced as an essential strategy for effective mission performance as well as a matter of legal compliance.

During New York Climate Week, New York Superintendent of Financial Services Linda A. Lacewell Announces Actions Bolstering DFS’s Commitment To Addressing Climate-Related Financial Risks - DFS Expects New York Insurers To Begin Integrating Consideration Of Financial Risks From Climate Change Into Their Governance Frameworks, Risk Management Processes, And Business Strategies - DFS Becomes A Supporting Institution Of UN Principles For Sustainable Insurance - DFS And New York State Energy Research And Development Authority Sign MOU To Accelerate Low-Carbon Transition And Boost Climate Risk Cooperation And Solutions Among NYS Financial Institutions

Date 22/09/2020

As the effective date of the federal government’s withdrawal from the historic 2015 Paris climate agreement approaches and during New York Climate Week, Superintendent of Financial Services Linda A. Lacewell today announced several actions by the New York State Department of Financial Services (DFS) to bolster DFS’s commitment to addressing financial risks from climate change.  

SIFMA Calls On SEC To Modernize The Regulatory Communications Framework To Meet Investor Needs For The 21st Century

Date 22/09/2020

The Securities Industry and Financial Markets Association, the SIFMA Asset Management Group, the Financial Services Institute, the Investment Advisers Association, the Committee of Annuity Insurers, the Insured Retirement Institute, and the American Council of Life Insurers today issued a discussion paper urging the Securities and Exchange Commission (SEC) to update its rules and related guidance to allow the implementation of a digital approach establishing electronic delivery as the primary means for delivering investor communications.  The Associations make clear that any investor wishing to receive paper communications can continue to do so.