News Centre

SEC Charges International Security-Based Swaps Dealer That Targeted U.S. Investors

Date 31/10/2019

The Securities and Exchange Commission today charged XBT Corp. SARL d/b/a First Global Credit, a Switzerland-based securities dealer, for offering and selling unregistered security-based swaps to U.S. investors using bitcoins and for failing to transact its swaps on a registered national exchange.

CFTC Charges Foreign Trading Platform For Failing To Register With The CFTC

Date 31/10/2019

The U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Switzerland-based XBT Corp. SARL d/b/a First Global Credit (FGC) for its failure to register with the Commission as a futures commission merchant (FCM).

US Federal Agencies Announce Threshold For Smaller Loan Exemption From Appraisal Requirements For Higher-Priced Mortgage Loans

Date 31/10/2019

The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2020 will increase from $26,700 to $27,200.

US Federal Agencies Announce Dollar Thresholds In Regulations Z And M For Exempt Consumer Credit And Lease Transactions

Date 31/10/2019

The Consumer Financial Protection Bureau (Bureau) and Federal Reserve Board today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2020. These thresholds are set pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amendments to the Truth in Lending Act and the Consumer Leasing Act that require adjusting these thresholds annually based on the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). If there is no annual percentage increase in the CPI-W, the Federal Reserve Board and the Bureau will not adjust this exemption threshold from the prior year. However, in years following a year in which the exemption threshold was not adjusted, the threshold is calculated by applying the annual percentage change in CPI-W to the dollar amount that would have resulted, after rounding, if the decreases and any subsequent increases in the CPI-W had been taken into account. Transactions at or below the thresholds are subject to the protections of the regulations.

ESMA Publishes Validation Rules And XML Schemas For SFTR Reporting

Date 31/10/2019

The European Securities and Markets Authority (ESMA) has published today further technical details for the reporting of Securities Financing Transactions (SFTs) as required under the SFT Regulation (SFTR).

SEC Issues Agenda For Nov. 4 Meeting Of The Fixed Income Market Structure Advisory Committee

Date 31/10/2019

The Securities and Exchange Commission today released the agenda for the Nov. 4 meeting of the Fixed Income Market Structure Advisory Committee (FIMSAC). The meeting will be held at the SEC’s New York Regional Office at 200 Vesey Street, New York, NY.

Welcome Address By Tinuade Awe, Executive Director, Regulation, The Nigerian Stock Exchange At The 7th Nigerian Stock Exchange - The Nigerian Capital Market Information Security Forum 2019, Thursday, October 31, 2019

Date 31/10/2019

Good morning Ladies and Gentlemen,

I have great pleasure in welcoming you to this event which is 7th edition of the Nigerian Capital Market Information Security Forum (NCMISF) on behalf of our Chief Executive Officer, Oscar N. Onyema, OON who has asked me to represent him.

5th Money Laundering Directive Set To Expose Global Businesses’ Due Diligence Measures, Warns LexisNexis Risk Solutions - Firm Publishes New Guide To Help Organisations Comply With New Enhanced Due Diligence Requirements As Part Of 5MLD

Date 31/10/2019

LexisNexis® Risk Solutions, the global analytics provider, is today urging companies to review their due diligence processes ahead of the implementation of the 5th Money Laundering Directive (5MLD), which comes into force on the 10th January 2020. 5MLD, the EU’s latest attempt to strengthen its defences against money laundering, includes new requirements to standardise the enhanced due diligence (EDD) controls currently implemented by organisations.

NSE Indices Index Dashboard For The Month Ended October 2019

Date 31/10/2019

Click here to download the ' Index Dashboard' for the month ended October 2019. 

European Union Chief Negotiator Michel Barnier Calls For A Close Economic And Strategic Partnership Between The EU And The UK After Brexit

Date 31/10/2019

The European Economic and Social Committee (EESC) plenary session hosted a debate with Michel Barnier, European Union chief negotiator for Brexit, on 30 October. During the debate, Mr Barnier called for a close partnership between the EU and the UK after Brexit, bearing in mind that peace in Ireland must be a priority and that the integrity of the single market is not negotiable.