News Centre

New Zealand Financial Markets Authority Cancels Stockfox Limited’s FAP licence

Date 31/05/2024

The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has cancelled Stockfox Limited’s (Stockfox) Financial Advice Provider (FAP) licence with effect from 30 May 2024.  

Zhengzhou Commodity Exchange: Announcement On The Listing Of PK2505

Date 31/05/2024

PK2505 is decided to be listed for trading on June 3, 2024. The listing benchmark price is the settlement price of the preceding trading day of PK2504. Subsequent new contracts will be listed following the termination of old contracts.

CFTC Commissioner Pham Announces Agenda For Global Markets Advisory Committee Meeting On June 4

Date 30/05/2024

CFTC Commissioner Caroline D. Pham, sponsor of the Global Markets Advisory Committee (GMAC), announced the agenda for the upcoming GMAC public meeting on Tuesday, June 4, from 10:00 a.m. to 1:00 p.m. EDT at the CFTC’s New York Regional Office.

Canadian Investment Regulatory Organization Appoints Two Members To The Investor Advisory Panel

Date 30/05/2024

The Canadian Investment Regulatory Organization (CIRO) has appointed two members, to their Investor Advisory Panel (IAP), which advises CIRO in the development of regulatory policy, annual priorities, strategic plans and other regulatory initiatives.

DTCC Comments On Industry’s T+1 Progress

Date 30/05/2024

Today, May 30, 2024, DTCC issued the following statement:

T+1 was introduced in the U.S. on Tuesday, May 28, and the industry has been operating on an accelerated settlement cycle since that time.

Affirmation Rates

Our analysis shows that as of yesterday, May 29, 94.55% of transactions were affirmed by the Depository Trust Company (DTC) cutoff time of 9:00PM ET on trade date. This represents a significant change from the affirmation rate observed at the end of January (73%).

CFMR 2024 Keynote - Finance And The Unexpected, Jessica Wachter, SEC Chief Economist And Director, Division Of Economics And Risk Analysis, MacroFinance Society Spring Meeting 2024

Date 30/05/2024

This speech is provided in the author’s official capacity as the Commission’s Chief Economist and Director of the Division of Economic and Risk Analysis but does not necessarily reflect the views of the Commission, the Commissioners, or other members of the staff.

Fiserv to Present At Upcoming Investor Conferences

Date 30/05/2024

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, announced its participation in the following investor conferences.

New York State Department Of Financial Services Superintendent Adrienne A. Harris Issues New Guidance Regarding Virtual Currency Customer Service Requirements - New Complaint Handling And Customer Service Standards Strengthen The Department’s Nation-Leading Consumer Protections For Virtual Currencies

Date 30/05/2024

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today issued guidance requiring DFS-regulated virtual currency entities to maintain and implement effective policies and procedures to promptly address customer service requests and complaints. The guidance requires VCEs to collect relevant data so that the Department can assess whether they are resolving customer service requests and complaints in a timely and fair manner. 

Comment On Digital Securities Sandbox Joint Bank Of England And Financial Conduct Authority Consultation Paper, SEC Commissioner Hester M. Peirce, May 29, 2024

Date 30/05/2024

Re: Digital Securities Sandbox joint Bank of England and Financial Conduct Authority consultation paper[1]

To Whom It May Concern:

This joint proposal from the Bank of England and the Financial Conduct Authority (together, “the UK regulators”) for a digital securities sandbox (“DSS”) reflects a commendable commitment to incorporating innovation into the financial system. The sandbox is designed to generate real-world insights about whether distributed ledger technology (“DLT”) could streamline the issuance, trading, and settlement of securities without undermining investor protection, market integrity, or financial stability. As the consultation aptly notes, “use of developing technology, such as DLT, has the potential to change settlement by offering increased speed and efficiency, while potentially removing the need for intermediaries,” but opportunities for testing the technology have been limited.[2] I write to make the case for a cross-border sandbox between our respective jurisdictions, which would build on the promise of the DSS and serve our investors, market participants, and regulators. This letter outlines one simple approach that our jurisdictions could take to implementing a cross-border sandbox. It reflects my sole views as a Commissioner of the United States Securities and Exchange Commission (“Commission”) and does not necessarily reflect the views of my fellow Commissioners, the Commission, or any other department of the United States government.

Canadian Securities Regulators Propose Changes To Assurance Report Requirements For Designated Benchmarks

Date 30/05/2024

The securities regulatory authorities of British Columbia, Alberta, Saskatchewan, Ontario, Québec, New Brunswick, Nova Scotia, Yukon and Northwest Territories today published proposed changes to assurance report requirements for designated benchmarks to address certain technical issues encountered by accounting firms when preparing these reports.