News Centre

Securities Commission Malaysia To Implement Anti-Corruption Action Plan

Date 22/07/2019

The Securities Commission Malaysia (SC) will be implementing an action plan with the main objectives of supporting the National Anti-Corruption Plan (2019-2023) (NACP) and with the view to improve Malaysia’s ranking in the biennial Corporate Governance Watch survey by the Asian Corporate Governance Association.

Tehran Stock Exchange Holds Annual Meeting

Date 21/07/2019

TSE held its annual meetings for the fiscal year ended 20 March 2019.

DFM Company Posts Net Profit Of AED 65.1 Million During The First Half Of 2019

Date 21/07/2019

H.E. Essa Kazim underlining DFM’s performance indicators of the first half:

• Net purchases of foreign investors reached AED 1 billion
• The DFM attracted 904 new investors, including 90 institutions, lifting its investor base to 844 thousand investors
• Institutions’ ownership reached 83.6% of the Market Capitalization with 52.3% share of trading
• Foreign investors maintain their active presence with 50% of trading and 17.5% ownership of the Market Capitalization
• DFM’s International Investors Roadshow in New York attracts 21 new institutions
• The DFM General Index advanced 5% against the prevailing down trend globally delivering a positive note on the course of the market
• The DFM received the Dubai Quality Award and the EFQM’s “Recognized for Excellence” Award

Ontario Securities Commission: Caldwell Investment Management Ltd. To Pay $1.8M For Violating Trade Execution Rules

Date 19/07/2019

A Panel of the Ontario Securities Commission (OSC) today approved a settlement agreement with Caldwell Investment Management Ltd. (CIM) in connection with failures to comply with its best execution obligation, which requires dealers and advisers to execute trades for clients on the most advantageous terms reasonably available under the circumstances.

US Justice Department Announces Addendum To Swiss Bank Program Category 2 Non-Prosecution Agreement With Banque Bonhôte & Cie SA - Bank To Pay Additional $1.2 Million To U.S. For Non-Disclosed Accounts

Date 19/07/2019

The Department of Justice announced today that it has signed an Addendum to a non-prosecution agreement with Banque Bonhôte & Cie SA, Ltd. (Bonhôte) of Neuchâtel Switzerland.  The original non-prosecution agreement was signed on Nov. 3, 2015.  At that time, Bonhôte reported that it held and managed 63 U.S. Related Accounts, with assets under management exceeding $88 million, and paid a penalty of $624,000. In reaching today’s agreement, Bonhôte acknowledges it should have disclosed additional U.S.-related accounts to the Department at the time of the signing of the non-prosecution agreement.

CFTC Commitments Of Traders Reports Update

Date 19/07/2019

The current reports for the week of July 16, 2019 are now available.

Statement At The SEC Staff Roundtable On Short-Term / Long-Term Management Of Public Companies, Our Periodic Reporting System And Regulatory Requirements, SEC Chairman Jay Clayton, July 18, 2019

Date 19/07/2019

Bill [Hinman] thanks a lot. I'm going to highlight three items to try and kick us off here. First, a thank you to Bill, Coy, Shelley and the other staff from the Division of Corporation Finance for the work you did in hosting today's roundtable and on a day to day basis. This event demonstrates the commitment of the Division to important issues that have a direct impact on our Main Street Investors and your commitment to fair and transparent markets.

Nigerian Stock Exchange Weekly Market Report For July 19th 2019

Date 19/07/2019

A total turnover of  1.086 billion shares worth N13.390 billion in 15,774 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 988.491 million shares valued at N13.839 billion that exchanged hands last week in 16,414 deals

SEC Charges Engine Manufacturing Company Executives With Accounting Fraud

Date 19/07/2019

The Securities and Exchange Commission today charged the former chief executive officer of a Chicago-area engine manufacturing company and two former senior sales executives for their roles in an accounting fraud that allegedly overstated the publicly-traded company’s revenues by almost $25 million.

EBA Publishes Report On Regulatory Perimeter, Regulatory Status And Authorisation Approaches In Relation To FinTech Activities

Date 19/07/2019

The European Banking Authority (EBA) published today the findings of its analysis on the regulatory framework applicable to FinTech firms when accessing the market. The Report illustrates the developments on the regulatory perimeter across the EU, the regulatory status of FinTech firms, and the approaches followed by competent authorities when granting authorisation for banking and payment services.