News Centre

IIROC Nominates Three New Independent Directors To Its Board - New Directors Bring Significant Consumer Advocacy, Investor Protection And Pension Plan Experience

Date 28/05/2020

The Investment Industry Regulatory Organization of Canada (IIROC) today nominated candidates for three upcoming Independent Director positions on its Board – all of whom extensively meet the criteria of direct experience with seniors and/or vulnerable retail investors, consumers and pension plans.

Autorité Des Marchés Financiers: Publication Of The Enforcement Report For Fiscal Year 2019-2020 - A Positive Record In Enforcement

Date 28/05/2020

The Autorité des marchés financiers (the “AMF”) today published its Enforcement Report relating to the regulation of the Québec financial sector for fiscal year 2019-2020.

Concurring Statement Of CFTC Commissioner Dan M. Berkovitz On Interim Final Rule Extending Uncleared Swap Margin Compliance Date To Address COVID-19 Pandemic Related Issues

Date 28/05/2020

I concur with issuing the interim final rule to extend by one year the initial swap margin compliance deadline for “Phase V” financial entities that is currently set for September 1, 2020 (“IFR”).

Cboe Global Markets To Present At Piper Sandler Global Exchange And Financial Technology Virtual Conference Thursday, June 4

Date 28/05/2020

Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, announced today that Ed Tilly, Chairman, President and Chief Executive Officer, and Chris Isaacson, Executive Vice President and Chief Operating Officer, will present at Piper Sandler Global Exchange and Financial Technology Conference, to be held virtually, on Thursday, June 4 at 9:00 a.m. ET (Eastern Time).

BME: The Medcap Forum Concludes With Over 3,000 Connections And 1,300 Meetings Between Companies And Investors

Date 28/05/2020

• Gonzalo Gómez Retuerto, General Manager of BME Renta Fija, highlighted that MARF’s growth reflects a structural change in the Spanish economy
• Berta Ares, General Manager of BME Inntech, stated that there is no turning back in the digitisation of the economy in a fast-changing world
• Lola Solana, from Santander AM, stated that the current crisis has generated great opportunities for investing in SMEs

Statement Of CFTC Commissioner Dawn D. Stump Regarding Extending The Compliance Schedule For Initial Margin Requirements For Uncleared Swaps In Response To The COVID-19 Pandemic

Date 28/05/2020

In 2018 and 2019, I had the opportunity to participate in a number of discussions with the International Organization of Securities Commissions (IOSCO) Board related to the final phase of margin requirements for non-centrally cleared derivatives.  Unique considerations for this phase were evident, and the global talks ultimately resulted in recommendation by the Basel Committee on Banking Supervision (BCBS) and IOSCO to extend and stagger the final implementation periods.

Euronext Ceases London Regulatory Activities

Date 28/05/2020

Euronext today announces that it intends to cease its Recognised Investment Exchange (RIE) activities in the UK by 30 June, 2020. Today’s announcement follows an application to the FCA to revoke its licence for regulatory operations in the UK market. Euronext London’s RIE will remain regulated by the FCA until, subject to FCA approval, revocation becomes effective.

Statement Of CFTC Commissioner Rostin Behnam Regarding Interim Final Rule With Request For Comment On Margin Requirements For Uncleared Swaps For Swap Dealers And Major Swap Participants

Date 28/05/2020

A little over two months ago, the Commission cancelled a scheduled open public meeting due to the COVID-19 pandemic.  One of the three matters on the agenda for deliberation that day was the most recent amendment to the CFTC Margin Rule, which sought to align the compliance schedule for initial margin or “IM” requirements with recent changes to the BCBS/IOSCO framework extending implementation dates through September 1, 2021.  

BME: GAVARI PROPERTIES SOCIMI To Start Trading On MAB On 1st June

Date 28/05/2020

• It is the 3rd company to list on MAB in 2020
• The company will have a value of 8.77 million euros on its market debut

EEX Response To BMWi’s Consultation On The Draft For Offshore Wind Energy Act

Date 28/05/2020

EEX responded to BMWi’s consultation on the draft for Offshore Wind Energy Act. EEX outlines that achieving ambitious targets needs to build on market-based instruments ensuring effective competition and thus lowest cost to consumers. Contracts for Difference are not an alternative.