News Centre

Austrian Financial Market Authority Issues A Regulation Prohibiting Short Selling In Certain Financial Instruments That Are Listed On The Vienna Stock Exchange

Date 18/03/2020

Due to the prevailing and severe level of uncertainty on the market in conjunction with the COVID-19-Virus the Austrian Financial Market Authority (FMA) has today, by means of a Regulation, temporarily prohibited the short selling of certain financial instruments. All shares that are admitted to trading on the Regulated Market of the Vienna Stock Exchange (Wiener Börse) and that fall under the competence of the FMA as supervisory authority are affected by this ban. Transactions where there is a market making function are excluded from the ban as well as certain transactions in financial instruments that are based on an index or a basket of securities, which track an index. The ban entered into force today, 18 March 2020, with the publication of the Regulation and is limited to a period of one month, but may be repealed earlier or extended depending on market developments.

Borsa İstanbul: Re-Determination Of The Submarkets Of Shares In The Equity Market’s BIST Stars And BIST Main Market

Date 18/03/2020

Within the scope of Borsa İstanbul A.Ş. Board of Directors’ decision dated 9/27/2019 and numbered 2019/182, and Capital Markets Board’s (CMB) decision dated 9/19/2019 and numbered 52; equities that are being traded in the Equity Market’s BIST Stars and BIST Main submarkets are rearranged into groups according to new criteria and different trading principles have been applied to the shares in different submarkets from 11/04/2019.

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COVID–19 Statement: CISI Provides Covid-19 Support Update To Candidates And Stakeholders

Date 18/03/2020

We would like to reassure our candidates and wider stakeholders that we are following government and medical and health advice and working closely with our testing partner, Prometric, to ensure the safety of our exam candidates while supporting individuals’ and firms’ need to maintain business as usual as far as possible.

Finansinspektionen Will Hold A Press Conference Related To Swedbank

Date 18/03/2020

Finansinspektionen (FI) will hold a press conference on Thursday, 19 March, following the decision by FI’s Board of Directors regarding the investigation into Swedbank’s measures to combat money laundering.

Statement Of CFTC Commissioner Brian Quintenz On Current Market Dynamics And Commission Actions Related To COVID-19

Date 18/03/2020

The CFTC is closely monitoring markets, participants, intermediaries, and infrastructure in response to the COVID-19 pandemic.  The U.S. financial markets remain the deepest and most liquid in the world, and the U.S. derivatives markets have provided enormous opportunities for businesses and industries to manage and hedge many of their commercial, economic, and financial exposures during this critical time.  It is absolutely imperative that these markets continue to be open and function as normal as possible to perform their imperative risk transfer function.  In the past few weeks, we have witnessed the resiliency of the cleared futures and swaps markets, with record volumes and tens of billions of dollars in margin payments, dwarfing what was exchanged immediately after Brexit, completed without default or delay.

In Line With ‘Securities And Commodities Authority’ (SCA) Decision, Abu Dhabi Securities Exchange (ADX) Reduces The Daily Maximum Decline Of Shares To 5%

Date 18/03/2020

The Abu Dhabi Securities Exchange (ADX) decided to reduce the maximum daily decline percentage for the shares of companies listed on ADX from 10% to 5%, from the previous closing price per session. This decision is effective as of Wednesday 18/3/2020 or until further notice from SCA.

Concurring Statement Of CFTC Commissioner Dan M. Berkovitz On Final Rule Extending Uncleared Swap Margin Deadline For Financial Entities With Small Swap Portfolios

Date 18/03/2020

I concur with issuing the final rule to extend by one year the initial swap margin compliance deadline for financial entities with smaller swap portfolios.

DIFC Confirms DEWS Supervisory Board Appointments To Oversee The DIFC Employee Workplace Savings Scheme

Date 18/03/2020

• Supervisory Board members will provide oversight of the governance and commercial aspects of DEWS
• Employer and employee interests are protected as part of DEWS through the newly appointed DEWS Supervisory Board
• Region-first employee workplace savings scheme highlights DIFC being at the forefront of driving the future of finance in the region and attracting world-class talent in line with UAE’s National Agenda and Dubai Plan 2021

Statement Of CFTC Commissioner Rostin Behnam On Margin Requirements For Uncleared Swaps For Swap Dealers And Major Swap Participants

Date 18/03/2020

I vote to approve the Commodity Futures Trading Commission’s (the “Commission” or “CFTC”) decision today to extend the compliance schedule for the posting and collection of initial margin (“IM”) by swap dealers (“SDs”) and major swap participants (“MSPs”) for which there is no prudential regulator (collectively, “covered swap entities”) under the CFTC Margin Rule, 17 CFR 23.160, which implements section 4s(e) of the Commodity Exchange Act (“CEA”).[1]  As a seminal part of the policy response following the 2008 financial crisis, Section 731 of the Dodd-Frank Wall Street Reform and Consumer Protection Act[2] added section 4s(e) requiring the adoption of rules establishing minimum initial and variation margin requirements for all uncleared swaps entered by covered swaps entities.   

Report From FINRA Board Of Governors Meeting – March 2020: Board Approves Allocations Of 2019 Fines And Proposed Trade-Reporting Fees Related To Treasury Securities

Date 18/03/2020

FINRA’s Board of Governors met on March 11 for the first time in 2020. During the meeting, held remotely in light of the coronavirus outbreak, the Board discussed a variety of topics, including FINRA’s long-term planning and financial sustainability. As is now customary for the first meeting of the year, the Board also approved the allocation of prior-year fine monies to various capital initiatives in accordance with FINRA’s Financial Guiding Principles, which the Board reaffirmed in December. FINRA plans to release details about the allocations in a forthcoming Report on the Use of 2019 Fine Monies.