Dubai Financial Services Authority Publishes Markets Brief No. 21 - Insider Lists For Reporting Entities

Date 21/09/2020

The Dubai Financial Services Authority (DFSA) has published Markets Brief No. 21 which outlines the DFSA's expectations regarding insider lists that may be drawn up and maintained by Reporting Entities as part of their systems and controls relating to Inside Information. To download the brief click here.

Hong Kong Securities And Futures Commission Suspends Mung Wai Sun For Nine Months

Date 21/09/2020

The Securities and Futures Commission (SFC) has suspended Mr Mung Wai Sun, a former licensed representative of Ewarton Securities Limited (Ewarton), for nine months from 18 September 2020 to 17 June 2021.

Shenzhen Stock Exchange Holds The “Capital Market Assists In The Development Of Central SOEs” Symposium

Date 21/09/2020

On September 18, SZSE held the “Capital Market Assists in the Development of Central SOEs” symposium. It is an important entry point for SZSE to carry out in depth the guiding principles of the meeting of the Central Committee for Deepening Overall Reform, promote the implementation of the Three-year Action Plan for the Reform of State-owned Enterprises, give play to the role of the capital market as a hub and the innovation capital formation advantage, and improve the capability to serve central SOEs and state-owned enterprises (SOEs). The symposium was held at the SZSE Zhongguancun Cultivation Base for Listing of Innovation-oriented Venture Enterprises. Heads of relevant departments of the State-owned Assets Supervision and Administration Commission, 15 central enterprises and SZSE attended the symposium.

Qatar Stock Exchange And Qatar Financial Markets Authority: The Q-Disclosure Platform, An XBRL-Based System For Financial And Non-Financial Disclosures

Date 20/09/2020

The State of Qatar, through a joint initiative of Qatar Stock Exchange and the Qatar Financial Markets Authority is preparing to implement an XBRL-based reporting and disclosure system (the “Q-Disclosure platform”) to facilitate financial and non-financial disclosures as currently required from QSE listed companies under section 6.7.13 and 6.7.14 of the QSE Rulebook. The Q-Disclosure platform is an integrated web-based solution, available in Arabic and English.

FSB Middle East And North Africa Group Discusses Economic And Financial Market Developments

Date 19/09/2020

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Middle East and North Africa (MENA) held its 18th meeting (virtually) today to discuss recent global and regional macroeconomic and financial market developments.

Commission Statement On The PassingOof Justice Ruth Bader Ginsburg - SEC Chairman Jay Clayton, Commissioner Hester M. Peirce, Commissioner Elad L. Roisman, Commissioner Allison Herren Lee, Commissioner Caroline A. Crenshaw

Date 19/09/2020

Commission Statement on the Passing of Justice Ruth Bader Ginsburg

Chairman Jay Clayton

Commissioner Hester M. Peirce

Commissioner Elad L. Roisman

Commissioner Allison Herren Lee

Commissioner Caroline A. Crenshaw

Sept. 18, 2020

We join the nation in mourning the passing of Justice Ruth Bader Ginsburg. Justice Ginsburg's powerful intellect and determination shaped decisions that had meaningful impacts for all Americans, including our nation's investors. She inspired many, and her trailblazing career will serve as a model of public service and dedication to our country for generations to come.

Intellectual Siren Song, SEC Commissioner Hester M. Peirce, Washington D.C., Sept. 18, 2020, Remarks At The 7th Annual Conference On Financial Market Regulation

Date 19/09/2020

Thank you, Russ [Wermers] for that kind introduction.  Good morning.  I would like to begin by thanking S.P. Kothari, the wonderful staff of the Division of Economic and Risk Analysis, Lehigh University’s Center for Financial Services, the University of Maryland’s Center for Financial Policy, and the CFA Institute for all of their hard work in making this Seventh Annual Conference on Financial Market Regulation such a success.  The topics for discussion are fascinating, and I appreciate academics who undertake work that sheds light on the issues that we think about from a regulatory perspective.  Before I begin, I must give my usual disclaimer: the views I will be expressing today are my own, and do not necessarily represent the views of the Commission or my fellow Commissioners.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 18/09/2020

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of September 14, 2020 as indicated in the Weekly Notice. 

Concurring Statement Of CFTC Commissioner Dan M. Berkovitz Regarding In Re Sukarne SA de CV, CFTC No. 20-60

Date 18/09/2020

I support the Commission’s Order sanctioning Sukarne for exceeding the Chicago Mercantile Exchange’s spot month position limit in the June 2020 live cattle futures contact (Order).  This action reflects the CFTC’s commitment to monitoring derivatives trading, particularly in markets such as livestock futures that are experiencing historic volatility.  Where appropriate, the Commission will enforce federal and exchange-set position limits, which are critical to prevent unwarranted price volatility and market manipulation. 

Nadex Refrains From Listing Certain Contracts

Date 18/09/2020