News Centre

SIFMA Fixed Income Market Close Recommendations In The U.S., The U.K. And Japan For The U.S. Independence Day Holiday

Date 23/06/2020

SIFMA has confirmed its previous holiday recommendations for the trading of U.S. dollar-denominated fixed income securities in the U.S., the U.K., and Japan in observance of the U.S. Independence Day Holiday.

Ontario Securities Commission Announces New Vice-Chair And Commissioner Appointments - Wendy Berman Has Been Appointed Vice Chair, Cathy Singer As Part-Time Commissioner

Date 23/06/2020

Ontario Securities Commission Acting Chair and Chief Executive Officer Grant Vingoe today announced the appointment of Wendy Berman as Vice-Chair for a one-year term, and Cathy Singer as part-time Commissioner for a two-year term.

SIFMA Statement On SEC And DOJ Review Of Market Data Fees

Date 23/06/2020

SIFMA today issued the following statement from SIFMA president and CEO Kenneth E. Bentsen, Jr. on the review by the SEC and DOJ of the fees the exchanges charge for data:

“SIFMA welcomes the initiative by the Securities and Exchange Commission and the U.S. Justice Department to partner in efforts to review the fees the exchanges charge for data. We believe the agreement should allow the SEC to determine whether exchange fees are subject to competition.  Access to this market data is essential to America’s world-leading capital markets because all participants need timely and complete data to make informed decisions for all customers.  The for-profit exchanges exclusively control the distribution and sale of market data, which has led to unchecked fee increases.  SIFMA has long argued that these fee increases are inconsistent with the exchanges’ actual costs in collecting and distributing market data and thus constitute an excessive mark-up over cost.  We appreciate the focus by the SEC and the DOJ on this important issue.”

Canadian Securities Regulators Collaborate To Protect Investors And Enforce Securities Law: CSA Fiscal Year 2019/20 Enforcement Report - Report Highlights CSA Member Efforts To Detect, Disrupt And Deter Securities Misconduct

Date 23/06/2020

The Canadian Securities Administrators (CSA) today released its fiscal year 2019/20 Enforcement Report, which outlines how securities regulators are protecting investors and the integrity of Canada’s capital markets.

BOX Exchange Permanent Penny Program Issues

Date 23/06/2020

BOX Exchange (“BOX”) recently distributed RC-2020-17 stating that BOX would be implementing the Penny Interval Program (the “Program”) on a permanent basis in accordance with the recently approved OLPP amendment.

US Federal And State Regulatory Agencies Issue Examiner Guidance For Assessing Safety And Soundness Considering The Effect Of The COVID-19 Pandemic On Financial Institutions

Date 23/06/2020

The four federal agencies in conjunction with the state bank and credit union regulators today issued examiner guidance to promote consistency and flexibility in the supervision and examination of financial institutions affected by the COVID-19 pandemic. No action on the part of supervised institutions is required.

SEC Awards $125,000 To Whistleblower

Date 23/06/2020

The Securities and Exchange Commission today announced an award of about $125,000 to a whistleblower whose information and assistance helped both the SEC and another agency bring successful actions against the perpetrator of a fraudulent securities offering.   

SIX Extends Contract With Association Of National Numbering Agencies

Date 23/06/2020

SIX announces today the renewal of its contract with the Association of National Numbering Agencies (ANNA), to serve as a co-operator of the ANNA Service Bureau (ASB) through December 2024, along with CUSIP Global Services.

Statement On The Continued Importance Of High-Quality Financial Reporting For Investors In Light Of COVID-19, Sagar Teotia, SEC Chief Accountant, June 23, 2020

Date 23/06/2020

Introduction

On April 3, 2020, the Office of the Chief Accountant (OCA) issued a statement regarding the importance of high-quality financial reporting in light of the significant impacts of COVID-19.  At that time, in addition to facing a number of operational and other challenges, many public companies were in the midst of their first quarter financial reporting process, working through accounting and financial reporting issues related to the impact of, and uncertainties related to, COVID-19.  In this time of unprecedented uncertainty, because of the diligent efforts of so many, our financial reporting system has continued to serve its critical function of providing much-needed information to investors and our capital markets.  We recognize and appreciate the efforts of various participants in our financial reporting system (e.g., preparers, auditors, audit committee members) to provide high-quality information to investors.  

Recruitment For The Second Edition Of The GPW Growth Academy Is Open

Date 23/06/2020

• Recruitment has opened for the second edition of the GPW Growth Academy, the Exchange’s programme supporting the development of the Polish SMEs
• Participation in the programme consolidates leader competences and helps to define new directions of corporate growth in the time of pandemic