News Centre

SGX Reports FY2018 Net Profit Of S$363 Million

Date 27/07/2018

FY2018 Financial Summary

• Revenue: S$845 million, up 5% from a year earlier
• Operating profit: S$425 million, up 6%
• Net profit: S$363 million, up 7%
• Earnings per share: 33.9 cents, up 7%
• Proposed final dividend: 15 cents per share, and total dividend of 30 cents per share for the year, up by 2 cents

Hong Kong’s Securities And Futures Commission Implements Open-Ended Fund Companies Regime

Date 27/07/2018

The Securities and Futures Commission (SFC) today announced the implementation of the new open-ended fund companies (OFC) regime with effect from 30 July 2018. This will enable investment funds to be established in corporate form in Hong Kong, in addition to the current unit trust form. 

Japan's Financial Services Agency Hosted Interim Nominating Committee

Date 27/07/2018

On July 24 and 25, FSA hosted the Interim Nominating Committee for the next Chair of the International Auditing and Assurance Standards Board (IAASB).

Ryozo Himino, Vice Minister for International Affairs, seved as a chairman.

ACER: The Agency Publishes Its First Analysis On Tariff Code Implementation For Gas

Date 27/07/2018

The Agency published today its first Report on the implementation of the Network Code on Harmonised Transmission Tariff Structures for Gas. The code requires the NRA or TSO to consult stakeholders on the proposed tariff structure and forward the consultation document to the Agency, which has to analyse all these consultation documents for completeness and compliance. This Report presents the analysis of the Agency for the transmission system of the Netherlands.

Thomson Reuters Financial & Risk Business Announces New Company Name: Refinitiv

Date 27/07/2018

Thomson Reuters Financial & Risk business today announced that following the closing of the strategic partnership transaction between Thomson Reuters and private equity funds managed by Blackstone, the Financial & Risk business will be known as Refinitiv.

HKFE Announces Revised Margins For Futures Contracts

Date 27/07/2018

Please be advised that pursuant to Exchange Rule 617(d) and HKCC Rule 402, the Exchange and the Clearing House have determined that with effect from the commencement of trading on Wednesday, 1 August 2018, the margin levels of the following Futures Contracts shall be as follows: 

Nordic Credit Rating AS Registered As Credit Rating Agency

Date 27/07/2018

The EFTA Surveillance Authority (EFTA SA) has registered today the Nordic Credit Rating AS (NCR) as a credit rating agency under Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on Credit Rating Agencies (the CRA Regulation), as incorporated into the Agreement on the European Economic Area (EEA Agreement). This decision comes into effect on 3 August 2018.  NCR is based in Oslo, Norway, with a branch in Stockholm, Sweden. NRC intends to issue corporate ratings.

Shanghai Stock Exchange Releases, Implements "SSE Bylaws (Amended In 2018)"

Date 27/07/2018

In order to carry out the "Management Measures on Stock Exchanges" amended and promulgated by the China Securities Regulatory Commission (CSRC) in November 2017, the Shanghai Stock Exchange (SSE) has amended the "SSE Bylaws". Upon discussion and approval by the 4th Board of Governors of the SSE and the 8th SSE General Assembly and approval by the CSRC, the amended version comes into force on July 20.

UK's Financial Conduct Authority Proposes Changes To Rules For Crowdfunding Platforms

Date 27/07/2018

Following a post-implementation review of its crowdfunding rules, the Financial Conduct Authority (FCA) is opening a consultation on new rules for loan-based crowdfunding platforms.

HKEX: Exchange Publishes CG Code Consultation Conclusions And Guidance For Boards And Directors

Date 27/07/2018

• Proposed changes to CG Code and related Listing Rules receive strong support
• Amendments to CG Code and related Listing Rules to take effect 1 January 2019
• Exchange publishes “Guidance for Boards and Directors” to help directors to be more effective