News Centre

Q: What Is The Shanghai Stock Exchange's Opinion On Approval Of Huatai Securities’ GDR Issuance?

Date 14/06/2019

Q: Huatai Securities Co., Ltd. (Huatai Securities) releases an announcement today that its issuance of GDR (Global Depositary Receipt) has been approved by the U.K. Financial Conduct Authority (FCA). Besides, Huatai Securities discloses the prospectus of the GDR issuance. What is the opinion of the Shanghai Stock Exchange (SSE) on the approval of Huatai Securities’ GDR Issuance in the U.K.?

A: Huatai Securities is a listed company on the SSE. After getting the approval document issued by the FCA, if the issuance is completed smoothly, Huatai Securities will become the first A-shares company that lands on the London Stock Exchange (LSE) according to the business rules of Shanghai-London Stock Connect. It means that the westward business of Shanghai-London Stock Connect has made a substantial step. The SSE, where Huatai Securities is listed in the A-share market,holds that the successful issuance of Huatai's GDR in London will help Chinese institutions better integrate into the international capital market and strengthen cooperation between the two financial hubs of London and Shanghai.

ASX: High Stakes - AFR Boss Article

Date 14/06/2019

The entire Australian equities market is sitting inside three 2½-metre-high racks of servers in a secure room in the ASX’s data centre in Artarmon, Sydney. You could almost wrap your arms around it but for the black metal cages.

Nadex Amends Listing Hours For Week Of July 1, 2019

Date 13/06/2019

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 June 13, 2019 amendments to its contract listing schedule during the week of July 1, 2019 to accommodate the July 4th Independence Day holiday.

Canadian Securities Regulators Release Report On 2016-2019 Achievements And 2019-2022 Business Plan

Date 13/06/2019

The Canadian Securities Administrators (CSA) today released two publications: the CSA Business Plan 2016-2019 Achievement Highlights and the CSA Business Plan 2019-2022. Both documents demonstrate the CSA’s commitment to investor protection, fostering fair and efficient capital markets, reducing risks to market integrity, streamlining regulation and effective enforcement.

Executive Pay Needs A Transparent Scorecard, SEC Commissioner Robert J. Jackson Jr., April 10, 2019, Shareholders Need To Know When CEO Comp Is Tied To Disappointing Results That Have Been ‘Adjusted’ Upward, By Robert J. Jackson Jr. And Robert C. Pozen, Op-Ed In Wall Street Journal, April 10, 2019

Date 13/06/2019

It’s proxy season, and shareholders will soon cast votes on executive pay at America’s public companies. To vote intelligently, investors need transparency on how pay is tied to performance. Historically, corporate performance has been measured using generally accepted accounting principles—the standard for all statements filed with the Securities and Exchange Commission. But pay practices are changing: Executives today are often paid to hit “adjusted,” non-GAAP targets. These adjustments can be significant, and their effects on executive pay are poorly understood by shareholders—raising the risk that non-GAAP numbers will be used to justify outsize compensation for disappointing results.

Nadex Amends Holiday Product Schedule Guidelines

Date 13/06/2019

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 June 13, 2019 amendments to its Holiday Product Schedule Guidelines.  Pursuant to the 10-day filing period under Regulation 40.6(a)(3), this filing will become effective July 1, 2019.

Exchanging Views On Exchange-Traded Funds, SEC Commissioner Hester M. Peirce, June 10, 2019, Remarks At FSB/IOSCO Joint Workshop On ETFs And Market Liquidity

Date 13/06/2019

Welcome to all of you. We are so delighted to be able to host you at the Securities and Exchange Commission for today’s workshop on exchange-traded funds (ETFs). The discussion today is sure to be fascinating. Aside from my greeting, everything I say reflects my own views and not necessarily those of the Commission or my fellow Commissioners.

CFTC Relaunches “CFTC Talks” As A Videocast

Date 13/06/2019

The Commodity Futures Trading Commission (CFTC) is relaunching its “CFTC Talks” podcast as a videocast. This new series will focus on providing market insights, information, and analysis, leveraging the agency’s extensive data, while also featuring discussions and opinions from derivatives market experts and participants. In addition, these videocasts will focus on analyzing rapid changes to market structure and conditions affecting the broad spectrum of U.S. derivatives markets, including both swaps and futures. New episodes of the videocast will be released monthly.

Federal Reserve Board Publishes Summary Of Feedback From Roundtable Discussions On The Current State Of, And Potential Revisions To, The Community Reinvestment Act

Date 13/06/2019

The Federal Reserve Board on Thursday published, "Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act," a summary of feedback received from bankers and community groups during a series of 29 roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act (CRA).

OCC Announces Four New Senior Leaders

Date 13/06/2019

OCC, the world's largest equity derivatives clearing organization, today announced the appointment of four new senior leaders, including a new General Counsel.