News Centre

ASIC: Outcomes Of Review Into Internal Market Making For Quoted Managed Funds

Date 11/12/2019

ASIC has concluded a review of internal market making practices of non-transparent actively managed funds that are traded on exchange markets. 

Saudi Arabian Oil Company (Saudi Aramco) (The “Issuer”) Announces It Has Received A Notification From Goldman Sachs Saudi Arabia, The Stabilising Manager (The “Stabilising Manager”), In Connection With The Initial Public Offering Of The Shares Of The Issuer (The “Offering”) Containing Its Pre-Stabilisation Announcement

Date 11/12/2019

Goldman Sachs Saudi Arabia, acting as Stabilising Manager, hereby announces that it may stabilise the offer of the following securities in accordance with the Instructions on the Price Stabilisation Mechanism in Initial Public Offerings (the “Stabilisation Instructions”):

ASIC’s Assessment Of ASX Limited’s AQUA Market

Date 11/12/2019

ASIC has today made recommendations to improve ASX Limited’s (ASX) compliance with its market licence obligations, following an assessment of the AQUA market for exchange traded products (ETPs) operated by ASX.

Iron Ore Options Listed, Realizing alian Commodity Exchange’s Idea Of “1 Completeness, 2 Connects”

Date 11/12/2019

At 9 o’clock on the morning of December 9, Standing Member of the CPC Dalian Committee and Deputy Mayor of Dalian Luo Dongsheng and Deputy Director of the Futures Supervision Department of the China Securities Regulatory Commission (CSRC) Yan Shaoming jointly strike the gong for the official listing of iron ore options on Dalian Commodity Exchange (DCE), making iron ore the first product realizing “1 completeness, 2 connects”. Yan Shaoming reads out the approval document at the listing ceremony. Luo Dongsheng and DCE Party Chief and Chairman Li Zhengqiang deliver a speech respectively. DCE Deputy Party Chief and CEO Xi Zhiyong presides over the listing ceremony. Guests from relevant state departments, local governments, the industry circle and the financial circle witness the listing ceremony.

CFTC Charges New Mexico Resident With Fraud In Long-Running Ponzi Scheme

Date 10/12/2019

The U.S. Commodity Futures Trading Commission today announced it has filed a civil enforcement action in the District of New Mexico against defendant Douglas Lien (d/b/a Westend Investments) of Santa Fe, New Mexico, charging him with fraud and failing to register with the CFTC.

Tradeweb 2019 Year In Review – The Most Important Milestones In Fixed Income

Date 10/12/2019

Fixed Income Markets Weather the Storm

With sweeping regulatory reforms and plunging interest rates, this decade brought massive challenges to fixed income market participants. The marketplace responded with wide-reaching developments in financial services technology, and an explosion in multi-asset trading.  The journey was rarely linear, but trading volumes set new records across markets virtually each year.  

Statement Of CFTC Commissioner Dan M. Berkovitz On Final Rule To Amend The Rulemaking Procedures In Part 13 Of The Commission’s Regulations

Date 10/12/2019

I support the final rule to eliminate the obsolete provisions in part 13 of the Commission’s regulations that specify procedures for Commission rulemakings.  Part 13, adopted by the Commission more than 40 years ago, does not conform fully to the rulemaking procedures required by the Administrative Procedure Act (“APA”) and followed today by the Commission. The repeal of these procedures will avoid potential confusion regarding the Commission’s rulemaking process.

Justin Sok Joins SIFMA Advocacy Team

Date 10/12/2019

SIFMA today announced Justin Sok joined the Association’s Federal Advocacy team.

Dissenting Statement Of CFTC Commissioner Dan M. Berkovitz - “Proposed Rule” And “Request For Additional Comment” On Capital Requirements Of Swap Dealers And Major Swap Participants

Date 10/12/2019

I dissent from the document that is called a “Proposed Rule” on the Capital Requirements of Swap Dealers and Major Swap Participants (the “Document”).  My objections are both procedural and substantive.  Procedurally, the Document asks many open ended questions, is vague about what is being proposed, and lacks sufficient supporting data to serve as the basis for a final rule under the Administrative Procedure Act (“APA”). The Document as structured is not a proposal that can lead to a final rule; rather it appears to be more in the nature of an advance notice of proposed rulemaking.

NYSE Group Consolidated Short Interest Report

Date 10/12/2019

NYSE today reported short interest as of the close of business on the settlement date of November 29, 2019.