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The FCA’s Approach To Brexit: Our Preparations And Our Vision For The Future - Speech Delivered By Nausicaa Delfas, Executive Director Of International At The FCA, At Bloomberg/TheCityUK

Date 19/07/2018

Introduction

It has been a remarkable year in international affairs – dominated by change. So, I would like to take a step back today and offer a few reflections on an area which I know matters to many of you, and where we aim to give you some consistency: the FCA’s preparations for the UK’s withdrawal from the EU.

Since my appointment earlier this year, I have been meeting many of you, regulated firms in the UK, and your advisers, business groups and corporate treasurers, as well as my regulatory counterparts in Europe, US and Asia, and consumer representatives. I have valued hearing directly from you about the impacts and issues for you, in the withdrawal of the UK from the EU, and using these insights to shape FCA’s approach and preparations. I have also been building up the International Division at the FCA, to ensure we can drive forward the policy and delivery work that is required.  And as a member of the FCA’s Executive Committee, I have been working with my colleagues to balance this work against the FCA’s other priorities, of regulating 58,000 firms. It is certainly a most interesting time to be in this role.

Albar Capital Deploys FlexNOW - Out-Of-The-Box, Multi-Asset Execution Management System

Date 19/07/2018

FlexTrade (@FlexTrade) today announced that Albar Capital Ltd., a new hedge fund led by Javier Velazquez (formerly of Millennium Capital Partners LLP), is now trading equities and futures using FlexNOW, FlexTrade’s new execution management system.

Six Months After MIFID II Go-Live, TABB Research Examines Systematic Internaliser (SI) Growth

Date 19/07/2018

With MIFID II implementation now six months behind us and its impact on European equity market structure eagerly awaited, TABB Group says new execution forms are already gaining a foothold, including ELP SIs. Currently ELP SIs account for a small but growing proportion of equity trading, as much as 2% of order book trading and €1billion on a daily basis as of end of June.

SGX Proposes To Enhance Default Management Capabilities Of Derivatives And Securities Clearing Houses

Date 19/07/2018

Singapore Exchange (“SGX”) is seeking public feedback on proposed amendments to the clearing rules of Singapore Exchange Derivatives Clearing Limited (“SGX-DC”) and the Central Depository (Pte) Limited (“CDP”) (the “SGX-DC Clearing Rules” and the “CDP Clearing Rules” respectively) to enhance both clearing houses’ default management capabilities.

Singapore's Securities Industry Council Consults On Amendments To Singapore Code On Take-Overs And Mergers To Clarify Its Application To Companies With A Dual Class Share Structure

Date 19/07/2018

The Securities Industry Council (the Council) has proposed amendments to the Singapore Code on Take-overs and Mergers (the Code) to clarify the application of the Code provisions to companies with a dual class share structure (DCS companies) that have a primary listing on the Singapore Exchange.

Strictly Work Out The Entities’ Responsibility For Delisting - Shenzhen Stock Exchange Delists Ene-Carbon Stock

Date 19/07/2018

On May 28, 2018, SZSE decided to terminate the listing of the shares of Ingenious Ene-Carbon New Materials Group Co., Ltd. (hereinafter as “Ene-Carbon Delisting” or “the Company”). The company’s shares entered the delisting transitional period on June 5, 2018. As of the Closing Time on July 17, 2018, the 30-trading-day delisting transitional period for the company’s stocks has been ended. According to SZSE’s Rules Governing Share Listing, on the next trading day right after the delisting transitional period, i.e. July 18, SZSE delists the company’s shares.

US Justice Department Announces Resolution With NPB Neue Privat Bank AG

Date 18/07/2018

The Department of Justice announced today that NPB Neue Privat Bank (NPB) reached a resolution with the Tax Division.  NPB will pay a penalty of $5 million.

Statement Of SEC Commissioner Robert J. Jackson, Jr. Final Rules Regarding Regulation ATS (Alternative Trading Systems)

Date 18/07/2018

Thank you, Chairman Clayton, and I want to begin by expressing my deep gratitude and congratulations to Director Redfearn and his colleagues in the Division in Trading and Markets, especially John Roeser and Tyler Raimo, for all they’ve done to get this important rule over the line. Today we take an important step toward shining light on dark pools, and for the reasons Commissioner Stein has emphasized, that transparency is crucial for the future of equity markets—and long overdue.

Statement At Open Meeting On NMS Stock Alternative Trading Systems, SEC Commissioner Hester M. Peirce

Date 18/07/2018

Thank you, Mr. Chairman. I know it has been a long road to get to this meeting. I thank the staff, particularly Tyler [Raimo], for your persistence, even to the point of skipping a vacation.

CFTC Swaps Report Update

Date 18/07/2018

CFTC's Weekly Swaps Report has been updated, and is now available.