News Centre

ASIC Amends Financial Advice And Capital Raisings COVID 19 Instruments

Date 12/06/2020

ASIC has today registered an amending instrument to specify an end date for three COVID-19 related instruments.

Seventh Asian Monetary Policy Forum To Discuss Impact Of COVID-19 On Global Economy

Date 12/06/2020

The Asian Monetary Policy Forum (AMPF) is taking place for the seventh year today. The Forum will focus on the COVID-19 global pandemic, as well as the role of global safe assets in promoting macroeconomic and financial stability. Due to the COVID-19 outbreak, the Forum will be hosted online. Distinguished speakers from the International Monetary Fund (IMF), Peterson Institute for International Economics (PIIE) and Princeton University will share their views and insights via pre-recorded video presentations.

Industry Funding: ASIC Publishes Cost Recovery Implementation Statement 2019-20 For Feedback

Date 12/06/2020

ASIC today published its draft Cost Recovery Implementation Statement (CRIS) 2019-20. The CRIS details ASIC’s actual regulatory costs for 2018-19 and provides an estimate of costs for 2019-20. The estimated costs are published to give industry an indication of what levy costs to expect. They are a guide only.

New Zealand Financial Markets Authority: Rodney McCall (aka Rodney Crichton) Pleads Guilty To Crimes Act And FMA Act Charges

Date 12/06/2020

Rodney McCall, also known as Rodney Crichton, has today plead guilty to charges brought by the Financial Markets Authority (FMA).

ASIC Info Sheet 245: Board Oversight And Discretion In Executive Variable Pay Schemes

Date 12/06/2020

In 2019, ASIC conducted a targeted review of board oversight of variable remuneration schemes. The review covered 21 ASX listed companies across seven industry sectors and collectively representing $738 billion in market capitalisation (as at 10 June 2020).

WOOTRADE Announces Strategic Partnership With Injective Protocol - DeFi Futures Exchange Injective Protocol Works Together With WOOTRADE To Increase DeFi Adoption

Date 12/06/2020

Injective Protocol officially announces a strategic partnership with WOOTRADE, a leading digital asset dark pool, to combine resources to focus on increasing user adoption in the Decentralized Exchanges (DEX) space. The collaboration will bring together a series of initiatives such as implementing liquidity management, designing crypto asset derivative products and markets, and establishing an international corporate brand.

Bermuda Stock Exchange Will Be Closed For Bermuda National Heroes Day Holiday

Date 11/06/2020

The Bermuda Stock Exchange (“BSX”) advises that although the Exchange iscontinuing to work remotely, we will observe the Bermuda National Heroes Day Holiday on Monday 15 June 2020, with operations resuming on Tuesday 16 June 2020.

SEC Charges Microcap Fraud Scheme Participants Attempting To Capitalize On The COVID-19 Pandemic

Date 11/06/2020

The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against five individuals and six offshore entities for an alleged fraudulent scheme that generated more than $25 million from illegal sales of multiple microcap companies’ stock, including four that were the subject of recent SEC trading suspension orders: Sandy Steele Unlimited Inc., WOD Retail Solutions Inc., Bioscience Neutraceuticals, Inc., and Rivex Technology Corp.

CFTC: Federal Court Orders Trading Advisor To Pay $890,000 For Defrauding Church And Community Members In Forex Scheme

Date 11/06/2020

The Commodity Futures Trading Commission today announced that the U.S. District Court for the Southern District of New York entered a consent order for permanent injunction and other equitable relief against defendant Brett G. Hartshorn of Sarasota, Florida, finding, among other things, that he fraudulently solicited at least 13 individuals to trade off-exchange foreign currency derivatives (“forex”) and misappropriated funds of at least two of those clients. 

IMF Executive Board Approves An Additional US$111.06 Million Disbursement To Rwanda To Address The COVID-19 Pandemic

Date 11/06/2020

• The IMF approved US$111.06 million (SDR80.1 million), a second disbursement under the Rapid Credit Facility (RCF) bringing the total IMF COVID-19 emergency support to Rwanda to US$ 220.46 million to help urgent balance of payment needs stemming from the pandemic.
• Rwanda’s economy has been severely impacted by the COVID-19 pandemic with weaker domestic demand losses of revenue, and a sharp decline in exports and remittances.
• The additional resources under the RCF will help alleviate pressing financing needs, including for health, social protection, and supporting the most impacted sectors and vulnerable groups.