News Centre

HKEX Enhances Product Offering With NetEase Debut

Date 05/06/2020

• NetEase Futures and Options to be introduced on 11 June
• HKEX informed issuers they can list derivative warrants on NetEase shares when the shares debut on HKEX’s securities market
• NetEase shares to be included in Designated Securities Eligible for Short Selling on 11 June

NZX: Capital Change Notice

Date 05/06/2020

This attached notice is given under NZX Listing Rule 3.13.1

Japan Financial Services Agency - G20: Efforts On Governance Issues In Decentralized Financial Systems - "BGIN" - New Global Network

Date 05/06/2020

Overview
A Decentralized financial system underpinned by blockchain could attain full P2P (Peer to Peer) financial transactions without intermediaries. While such systems can offer a variety of opportunities and benefits, they could also undermine the ability to enforce existing regulations.
As stated in the G20 Osaka Leaders' Declaration under Japan's presidency (June, 2019), a consensus has been reached on the issue of governance of decentralized financial systems based on blockchain technology and the importance of strengthening dialogue with a wide range of stakeholders, including regulatory authorities and engineers.

Monetary Authority Of Singapore And Commercial Affairs Department Commence Joint Investigation Into Officers Responsible For Managing Eagle Hospitality Trust

Date 05/06/2020

The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force have launched a joint investigation into current and former directors, and officers responsible for managing Eagle Hospitality Trust (EHT), in connection with suspected breaches of disclosure requirements under section 203 of the Securities and Futures Act (Cap. 289). 

HKEX Welcomes First Listing Of Commodity L&I Product In Hong Kong Market

Date 05/06/2020

• First commodity L&I Product listed in Hong Kong
• Complements HKEX’s existing gold ETFs and further enriches product diversity

Singapore Exchange Shares Drop Most Since 2003 On end Of MSCI Licence - FTSE Mondo Visione Exchanges Index Up By 6.7% In May

Date 04/06/2020

The stock price of the Singapore Exchange plunged on Wednesday 27th May after MSCI announced that it had signed a licensing agreement with Hong Kong Futures Exchange, a subsidiary of Hong Kong Exchanges and Clearing, to introduce 37 futures and options contracts. MSCI also announced that it intended to continue to license the MSCI Singapore Index to the Singapore Exchange for a listed futures contract, in addition to allowing HKEX to list a contract on the index. The license to SGX for all other MSCI indexes will expire in early 2021. Singapore Exchange shares fell 7% on 28th May, extending the previous day's 11.6% slump - the biggest in over 16 years.

New Zealand Financial Markets Authority Files Court Proceedings Against ANZ For False And Misleading Representations Over Credit Card Insurance Charges

Date 04/06/2020

The Financial Markets Authority (FMA) has filed High Court proceedings against ANZ Bank New Zealand (ANZ), alleging the bank charged some customers for credit card repayment insurance (CCRI) policies that offered those customers no cover.

SIFMA Strongly Opposes Allowing SROs To Bulk Download CAT Data - Raises PII Concerns

Date 04/06/2020

In a comment letter filed today with the Securities and Exchange Commission (SEC) on improving the data security requirements in the Consolidated Audit Trail (CAT) NMS Plan, SIFMA emphasized its concerns with the security of the CAT, particularly with regard to the ability of self-regulatory organizations (SROs) to bulk download CAT Data.  SIFMA also notes that heightened firm involvement is critical.  Given the vast experience firms have in handling and protecting sensitive customer data, allowing them increased input could significantly help bolster the overall security of CAT Data.

CSA Expands IIROC's Role As Information Processor For Debt Securities

Date 04/06/2020

The Investment Industry Regulatory Organization of Canada (IIROC) today welcomed the Canadian Securities Administrators’ (CSA) decision to expand IIROC’s role as Information Processor (IP) of government debt securities, in addition to its current role as IP for corporate debt securities.

Insurance Company Settles SEC Charges For Failing To Disclose Executive Perks - Perks Were Four Times Higher Than Disclosed

Date 04/06/2020

The Securities and Exchange Commission today announced settled charges against Bermuda-based insurance company Argo Group International Holdings, Ltd. for failing to fully disclose perquisites and benefits provided to its former chief executive officer.