News Centre

HKEX: Risk Management Arrangements In Respect Of The Christmas Holidays And New Year Holiday – Reminder

Date 19/12/2018

Reference is made to the circular (CD/CDCRM/235/2018) dated 11 December 2018 regarding the risk management measures to be adopted by SEOCH in respect of the forth-coming Christmas Holidays. Participants are kindly reminded to take note of the following arrangements:

Monetary Authority Of Singapore Bans Tim Leissner For Life

Date 19/12/2018

The Monetary Authority of Singapore (MAS) announced today that it has increased the ban against Mr Tim Leissner to a lifetime Prohibition Order (PO). This follows Mr Leissner’s admission to criminal charges brought against him by the United States Department of Justice (US DOJ).

HKEX Temporary Holiday Risk Management Arrangements

Date 19/12/2018

Reference is made to the circular dated 11 December 2018 (Ref No.: CD/CDCRM/234/2018) regarding the risk management arrangements in respect of the forth-coming Christmas Holidays. Participants are kindly reminded to take note of the following:

SEC Adopts Final Rules For Disclosure Of Hedging Policies

Date 18/12/2018

The Securities and Exchange Commission today approved final rules to require companies to disclose in proxy or information statements for the election of directors any practices or policies regarding the ability of employees or directors to engage in certain hedging transactions with respect to company equity securities.

Office Of The Comptroller Of The Currency Issues Notice Of Proposed Rulemaking Amending Stress Testing Rules For National Banks And Federal Savings Associations

Date 18/12/2018

The Office of the Comptroller of the Currency (OCC) today issued a notice of proposed rulemaking to amend the OCC’s stress testing rule at 12 CFR 46 (which implements the stress testing requirements of section 165(i)(2) of the Dodd–Frank Wall Street Reform and Consumer Protection Act), consistent with requirements imposed by section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act.

SEC Charges Former Panasonic Executives

Date 18/12/2018

The Securities and Exchange Commission today charged two former senior executives of the U.S. subsidiary of Panasonic Corp. with knowingly violating the books and records and internal accounting controls provisions of the federal securities laws and causing similar violations by the parent company.   

Canadian Securities Regulators Publish Trading Fee Rebate Pilot Study For Comment

Date 18/12/2018

The Canadian Securities Administrators (CSA) today published for comment a noticeoutlining a proposed Trading Fee Rebate Pilot Study to examine the effects of a prohibition of rebate payments by Canadian marketplaces (Proposed Pilot). The predominant trading fee models that have emerged in the Canadian equities market are the “maker-taker” trading fee model and the “inverted maker-taker” fee model. Under both of these models, a marketplace charges a fee to one party of the trade and pays a rebate to the other party.

Blythe Masters Steps Down As CEO Of Digital Asset

Date 18/12/2018

• Blythe Masters, Digital Asset’s CEO since 2015, has requested to step down for personal reasons and will remain a board member, strategic advisor and shareholder 
• AG Gangadhar, a Digital Asset Board member and tech industry veteran, has been appointed Chairman of the Board and acting CEO

SEC Publishes Two Reports On Credit Rating Agencies Showing Continued Focus On Compliance And Competition

Date 18/12/2018

Credit rating agencies registered with the SEC continue to promote compliance by enhancing their policies, procedures, and internal controls in response to Commission rules and staff examinations. SEC staff reports released today on nationally recognized statistical rating organizations (NRSROs) show that some firms are self-reporting instances of noncompliance and some smaller firms are continuing to compete with the larger firms in certain rating categories. 

European Insurance And Occupational Pensions Authority: Change Of Financial Market Data Provider For The Calculation Of Solvency II Risk-Free Interest Rate Term Structures

Date 18/12/2018

The European Insurance and Occupational Pensions Authority (EIOPA) in compliance with its Financial Regulation conducted a public procurement procedure for the provision of financial market data for the calculation of the technical information relating to the risk-free interest (RFR) term structures, namely of the following rates:

• Swap rates, i.e. the rates of the floating leg of the swaps - usually interbank offered rates
• Overnight indexed swap rates
• Government bond interest rates