News Centre

Hong Kong Securities And Futures Commission Obtains Court Order Against Shandong Molong Petroleum Machinery Company Limited

Date 05/05/2020

The Securities and Futures Commission (SFC) has obtained a court order in the Court of First Instance requiring Shandong Molong Petroleum Machinery Company Limited (Shandong Molong) to reconstitute its audit committee and to appoint an independent external auditor to review its internal control and financial reporting procedures after the company accepted that it had falsely and substantially inflated its financial position in six results announcements.

Total Commits To Net Zero Emissions Through Climate Action 100+ Investor Engagement

Date 05/05/2020

• Total sets net zero target covering production and operational emissions worldwide (scope 1 & 2) and use of its products by customers across Europe (scope 3).
• All European oil & gas majors now working towards net zero following Climate Action 100+ engagement.

China’s Acquisitions And Investments In Foreign Firms Amid COVID-19 Raise Eyebrows, Says GlobalData

Date 05/05/2020

Even as the COVID-19 pandemic continues to affect the global economies and businesses, Chinese companies have upped the ante to acquire or invest in distressed foreign assets in strategic locations. Against this backdrop, governments across several nations are now concerned about this move by China, according to GlobalData, a leading data and analytics company.

Nadex Refrains From Listing Certain Contracts

Date 05/05/2020

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions:  

• No Daily, Weekly or Intraday Natural Gas Binary contracts will be listed for the week of May 4, 2020;

• No Weekly FTSE 100 or Germany 30 Binary contracts will be listed for the week of May 4, 2020;

• Only the AUD/USD, EUR/USD, and GBP/USD 5-Minute Intraday Currency Binary contracts were listed for the 6:05pm ET expiration time on trade date May 4, 2020.

• The USD/CAD 5-Minute Intraday Currency Binary contracts were listed beginning with the 6:10pm ET expiration time on trade date May 4, 2020.

• The EUR/JPY, GBP/JPY and USD/JPY 5-Minute Intraday Currency Binary contracts were listed beginning with the 6:25pm ET expiration time on trade date May 4, 2020.

Statement Announcing SEC Staff Roundtable On Emerging Markets, SEC Chairman Jay Clayton, May 4, 2020

Date 05/05/2020

Over the past decade, U.S. investors, and the U.S. capital markets more generally, have increased exposure to companies with significant operations in emerging markets, including China—the largest emerging market and the world’s second largest economy.  Investments in emerging markets, including China, entail significant disclosure, financial reporting and other risks for U.S. investors.  Significantly, while the U.S. securities laws and regulations applicable to emerging market companies listed on U.S. exchanges are the same as (or comparable to) the laws and regulations applicable to U.S. public companies, the practical effects are substantially different, based on the inability of U.S. regulators to inspect for compliance and enforce these rules and regulations.  This is a fundamental issue in emerging market investing that I believe investors, particularly our Main Street investors, should better understand. 

Nadex Temporarily Halts Markets

Date 05/05/2020

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and section §40.6(a) 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”) submitted to the Commission on May 4, 2020 notice that due to an exchange issue that occurred on trade date May 4, 2020, markets were halted between approximately 8:30pm ET and 8:50pm ET, and between approximately 9:40pm ET and 10:00pm ET to refresh the Exchange and resolve the issue.

FTSE Mondo Visione Exchanges Index Up By 8% In April Amidst Covid-19 Volatility

Date 04/05/2020

Governments and central banks have taken several emergency measures to offset the sudden cratering of national economies. Interest rates were cut, large-scale asset purchases implemented, and facilities were set up to pump liquidity into many corners of financial markets. These measures had a calming effect on markets that had been hit by extreme volatility since the outbreak of the Covid-19 pandemic.

American Financial Exchange® AMERIBOR® Benchmark Sets Monthly Volume Record In April Surpassing March 2020 Levels By 4.32 Percent

Date 04/05/2020

The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, announced a monthly volume record of $58.240 billion traded during April across all AFX products. This surpasses a record of $55.829 billion set in March 2020, marking a 4.32 percent increase.

Remarks At Meeting Of The SEC Investor Advisory Committee, SEC Commissioner Hester M. Peirce, May 4, 2020

Date 04/05/2020

Thank you Anne [Sheehan] and the rest of the committee for holding this meeting today.  Now that we are roughly halfway through earnings season, I am eager to hear this committee’s reactions to public company disclosures concerning the impact of COVID-19. 

NZX Shareholder Metrics - April 2020

Date 04/05/2020

Please see attached NZX Limited shareholder metrics for April 2020.