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UAE Securities And Commodities Authority Discusses With The Capital Markets Advisory Committee Initiatives To Regulate The OTC Market And Its Precautionary Measures To Contain The Consequences Of COVID-19 - “SCA Is Working To Develop Requirements For The Licensing Of Forex Dealers,” Dr. Obaid Al Zaabi

Date 18/05/2020

As part of the efforts of the UAE government to counter the consequences caused by the coronavirus outbreak and support the national economy, the Capital Markets Advisory Committee had convened, on an invitation from the Securities and Commodities Authority (SCA), with all its members present, including representatives from the Abu Dhabi Securities Exchange (ADX), the Dubai Financial Market (DFM), the Dubai Gold and Commodities Exchange (DGCX), free zone counterparts, listed public joint stock companies, and brokerage and financial services companies.

EGX Chairman Of Talks On The Exchange's Role In Economy And Its Relationship To People's Daily Life & The Basics Of Investment

Date 17/05/2020

EGX Chairman of Talks on the Exchange's Role in Economy and Its Relationship to People's Daily Life & the Basics of Investment

Securities Commission Malaysia Sues Former Directors & Remisiers For Market Manipulation Of Reliance Pacific Berhad Shares

Date 16/05/2020

The Securities Commission Malaysia (SC) had on 8 May 2020 filed a civil suit at the Kuala Lumpur High Court against five individuals, including former directors and remisiers for market manipulation offences involving Reliance Pacific Berhad (RPB).

Nadex Refrains From Listing Certain Contracts

Date 15/05/2020

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions:  

• No GBP/JPY or GBP/USD 5-Minute Intraday Currency Binary contracts were listed from the 6:05pm expiration time through the 6:40pm ET on trade date May 14, 2020. Both contracts were listed beginning with the 6:45pm expiration time.

Bahamas International Securities Exchange Marks Its 20 Year Anniversary

Date 15/05/2020

The Bahamas International Securities Exchange (BISX) celebrated the 20th anniversary of it beginning trading on 12 May 2020. BISX was incorporated on September 23rd, 1999 with the aim of bringing a regulated and internationally recognized Securities Exchange to The Bahamas. Within a year after its incorporation BISX realized this goal and began its first day of trading on 12 May 2000. Beginning trading on this day also lead to BISX adopting the title “the First Stock Exchange of the 21st Century”.

Statement Of SEC Commissioner Hester M. Peirce In Response To Release No. 34-88890; File No. S7-13-19

Date 15/05/2020

I write to dissent from the financial incentive amendments to the National Market System plan governing the Consolidated Audit Trail (CAT) that the Commission is adopting today. These amendments use financial penalties to encourage plan participants to get the CAT up and running quickly after years of implementation problems. Rather than encourage the CAT’s expeditious completion, we should reconsider the project in light of the clear threat it poses to Americans’ liberty and privacy.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 15/05/2020

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) 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”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of May 11, 2020 as indicated in the Weekly Notice. 

US Federal Bank Regulators Temporarily Change The Supplementary Leverage Ratio To Increase Banking Organizations' Ability To Support Credit To Households And Businesses In Light Of The Coronavirus Response

Date 15/05/2020

The federal bank regulatory agencies today announced temporary changes to their supplementary leverage ratio rule. The temporary modifications will provide flexibility to certain depository institutions to expand their balance sheets in order to provide credit to households and businesses in light of the challenges arising from the coronavirus response.

SEC Adopts Amendments To The CAT NMS Plan To Improve Transparency And Financial Accountability

Date 15/05/2020

The Securities and Exchange Commission today voted to adopt amendments to the national market system plan governing the consolidated audit trail (the “CAT NMS Plan”) to bring additional transparency, governance, oversight, and financial accountability to its implementation. 

US Financial Stability Report

Date 15/05/2020

This report summarizes the Federal Reserve Board’s framework for assessing the resilience of the U.S. financial system and presents the Board’s current assessment. By publishing this report, the Board intends to promote public understanding and increase transparency and accountability for the Federal Reserve’s views on this topic.