News Centre

NZX: Issue Of Performance Rights

Date 29/07/2020

NZX advises that it has issued performance rights to members of its NZX Wealth Technologies executive and management teams pursuant to NZX’s Long Term Incentive Plan.

Parliamentary Joint Committee On Corporations And Financial Services Inquiry Into Litigation Funding And The Regulation Of The Class Action Industry - Opening Statement By ASIC Deputy Chair, Daniel Crennan QC At The Parliamentary Joint Committee On Corporations And Financial Services Inquiry Into Litigation Funding And The Regulation Of The Class Action Industry, Wednesday, 29 July 2020, Parliament House, Canberrra

Date 29/07/2020

Introduction

Representing ASIC today are Deputy Chair Karen Chester, Commissioner Cathie Armour and Deputy Chair Daniel Crennan QC.

MBIE Announcement On New Zealand Financial Markets Authority Levies

Date 29/07/2020

MBIE have announced details of FMA levy amounts for 2021/22 and 2022/23 as well as the levy amounts for the new Financial Advice regime, which commences on the 15th March 2021. More details can be found here.

ASIC Consults On Remaking Class Order On Notification Requirements For Unlicensed Carried Over Instrument Lenders And Clarification Of Credit Disclosure Obligations

Date 29/07/2020

ASIC today released a consultation paper (CP 331) proposing to remake two class orders that are due to expire (‘sunset’) on 1 October 2020 and 1 April 2021.

Injective Protocol Raises $2.6m For Decentralized Derivatives Exchange Protocol - Prominent Institutional Investors Back Decentralized Cryptocurrency Derivatives Exchange

Date 29/07/2020

Injective Protocol, a fully decentralized derivatives exchange protocol, has raised $2.6 million dollars in a seed funding round led by Pantera Capital with participation from world renowned institutional investors including QCP's investment arm QCP Soteria, Axia8 Ventures, and OK's strategic investment partner K42.

Speech: PLI Investment Management Institute, Dalia Blass, SEC Director, Division Of Investment Management, July 28, 2020

Date 28/07/2020

Introduction

Good Morning. Thank you Barry [Barbash] and Paul [Roye] for the kind introduction and thank you and PLI for inviting me to speak again with you. I looked back at my remarks the last time I was with you. Two years ago, the focus of our discussion primarily centered on SEC rulemaking regarding Standards of Conduct for Financial Professionals and Liquidity Risk Management. This year, we have many more items on the agenda, and COVID-19 has reshaped our lives, tested our markets and reordered – but not reduced – our priorities.

ISDA Launches Risk-Free Rate Adoption Indicator

Date 28/07/2020

ISDA has launched a new indicator to monitor the adoption of alternative risk-free rates (RFRs) in derivatives trading.

Moscow Exchange: Risk Parameters Change On Securities Market

Date 28/07/2020

CCP NCC sets ban on short selling for TRMK shares on Securities market starting from July 29, 2020:

SEC Announces Creation Of The Event And Emerging Risk Examination Team In The Office Of Compliance Inspections And Examinations And The Appointment Of Adam D. Storch As Associate Director

Date 28/07/2020

The Securities and Exchange Commission today announced the creation of the Event and Emerging Risks Examination Team (EERT) in the Office of Compliance Inspections and Examinations (OCIE). The EERT will proactively engage with financial firms about emerging threats and current market events and quickly mobilize to provide expertise and resources to the SEC's regional offices when critical matters arise. 

ESMA Submits Opinion To European Parliament On 2018 Discharge Process

Date 28/07/2020

ESMA submitted an Opinion on the European Parliament’s (EP) observations made in the 2018 discharge process. The Opinion sheds light on concrete actions taken by ESMA, including in relation to supervisory fees for credit ratings agencies and trade repositories, establishing the Proportionality Committee, on investigating dividend arbitrage trading schemes.