News Centre

Dubai Financial Services Authority Alerts Institutions To Increased Risk Of Cyberattacks - DFSA’s Cyber Threat Intelligence Platform (TIP) Gaining More Traction

Date 28/07/2020

Since the Dubai Financial Services Authority (DFSA) launched the DFSA Cyber Threat Intelligence Platform (TIP) in January, over 130 DFSA Authorised Firms and DIFC registered companies have joined the platform. The platform has provided members with information and technical indicators on a multitude of cyber threats, with an average of 160 new threats per week.

Shenzhen Stock Exchange Officially Launches Relevant Technology Systems For Reform Of ChiNext Board And Pilot Project Of Registration-Based IPO System

Date 28/07/2020

Recently, under the unified arrangements of the China Securities Regulatory Commission (CSRC), the Shenzhen Stock Exchange (SZSE), in conjunction with China Securities Depository and Clearing Co., Ltd. (CSDC) and China Securities Finance Corporation Limited (CSF), officially launched relevant technology systems for the reform of the ChiNext board and pilot project of the registration-based IPO system to all market participants, and synchronously enabled the new data interfaces for trading and settlement. From July 27 on, the new technology system would fully support market participants’ needs regarding the online offering, transaction settlement, securities margin trading and the like for the ChiNext stocks and depository receipts under the registration-based IPO system.

UK Financial Conduct Authority To Ban Motor Finance Discretionary Commission Models

Date 28/07/2020

Bitcoin Capital Launches Very First Actively Managed Cryptocurreny ETP At SIX

Date 28/07/2020

Today, Bitcoin Capital, a new ETP issuer on the Swiss stock exchange, launches the very first actively-managed Crypto ETP tradable on a regulated marketplace. The ETP provides additional opportunities for retail and institutional investors to diversify their portfolios by incorporating an actively-managed basket of cryptocurrencies. This takes the number of ETP providers available at SIX to 5, and the number of ETPs to a record of 31 – further strengthening the position of the Swiss Stock Exchange as the world’s leading market place for regulated crypto products.

China Tops Asia-Pacific M&A Deal Activity During Q2 2020, Finds GlobalData

Date 28/07/2020

Mergers and acquisitions (M&A) deal activity in the Asia-Pacific (APAC) region remained inconsistent during second quarter (Q2) of 2020. However, China continued to top the region both in terms of volume as well as value, according to GlobalData, a leading data and analytics company.

SIX Exchange Regulation Concludes Investigation Into ASMALLWORLD AG

Date 28/07/2020

SIX Exchange Regulation AG (SER) has imposed a fine of CHF 20,000 for violations of the rules concerning the disclosure of management transactions.

BOX Exchange Update: Bid-Ask Differentials For Various Symbols Through September 19, 2020

Date 27/07/2020

BOX Exchange LLC (“BOX”), distributed RC-2020-20 detailing modified bid-ask differentials for certain option classes effective through September 19, 2020.

CFTC Awards Approximately $9 Million To Whistleblower

Date 27/07/2020

The Commodity Futures Trading Commission today announced an award of approximately $9 million to a whistleblower whose specific, credible, and timely tip led the Commission to open an investigation and ultimately bring a successful enforcement action. This award is one of the five largest granted in the history of the CFTC Whistleblower Program.

SEC: Statement By The Staff Standards Of Conduct Implementation Committee Regarding New Form CRS Disclosures - Staff Standards Of Conduct Implementation Committee

Date 27/07/2020

Form CRS, which was adopted by the Securities and Exchange Commission (the “Commission”) in June 2019, is a brief relationship summary designed to help retail investors make informed choices regarding whether a brokerage or investment advisory relationship, as well as whether a particular broker-dealer or investment adviser (each, a “firm”), best suits his or her particular needs and circumstances. In this way, the relationship summary was designed to reduce investor confusion in the marketplace for brokerage and investment advisory services and otherwise assist investors when they work with financial professionals. The relationship summary promotes transparency and better-informed decision making, through clear, concise disclosures, and by summarizing in one place selected information about a particular firm. Both broker-dealers and investment advisers must provide to retail investors a relationship summary containing plain English disclosures on the same topics under standardized headings in a prescribed order, allowing retail investors to more easily compare different firms’ services, fees, and other important information.

IMF Executive Board Approves US$4.3 Billion In Emergency Support To South Africa To Address The COVID-19 Pandemic

Date 27/07/2020

• The COVID-19 outbreak is leading to a sharp economic contraction and significant financing needs in South Africa.
• The IMF approved US$4.3 billion in emergency financial assistance under the Rapid Financing Instrument to support the authorities’ efforts in addressing the challenging health situation and severe economic impact of the COVID-19 shock.
• Once the pandemic is behind, there is a pressing need to ensure debt sustainability and implement structural reforms to support the recovery and achieve sustainable and inclusive growth.