News Centre

NZX Employee Share Offer - Issue Of Shares To Employees

Date 14/06/2018

NZX Limited advises that it has issued $1,000 worth of ordinary shares (gross) in the company to each of its current New Zealand employees in accordance with NZX Main Board Listing Rule 7.3.6.

Financial Services Committee Unanimously Passes Hultgren’s Options Markets Stability Act - Will Lower Costs For Investors Managing Risk

Date 14/06/2018

Today, the House Committee on Financial Services unanimously passed H.R. 5749, the Options Markets Stability Act. The legislation authored by U.S. Rep. Randy Hultgren (IL-14) would facilitate liquidity in options markets by calling on bank regulators to provide targeted capital relief.

Comptroller Of The Currency Discusses Priorities For The Federal Banking System

Date 14/06/2018

Comptroller of the Currency Joseph M. Otting today discussed his priorities for the agency and the federal banking system during testimony before the Senate Committee on Banking, Housing, and Urban Affairs.

Federal Reserve Board Approves Rule To Prevent Concentrations Of Risk Between Large Banking Organizations And Their Counterparties From Undermining Financial Stability

Date 14/06/2018

The Federal Reserve Board on Thursday approved a rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability. As demonstrated during the financial crisis, excessive exposure between the largest financial institutions spread contagion and eroded confidence in these institutions.

New York State Department Of Financial Services Continues To Advance Responsible Growth In New York’s Fintech Industry With New Virtual Currency Approvals - Department Grants New Virtual Currency License To Xapo Inc. - Paxos Trust Company LLC, An Existing DFS Licensee, Is Now Authorized To Offer Additional Products And Services

Date 14/06/2018

Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services has granted a virtual currency license to Xapo, Inc. DFS has also authorized Paxos Trust Company LLC, formerly known as itBit Trust Company, to offer exchange and custody services for Ether, Litecoin, Stellar Lumens and Bitcoin Cash, emerging cryptocurrencies, on its virtual currency exchange.

FINRA Announces Initiative To Transform CRD, Other Registration Systems - New Technology Will Lead To Enhanced Efficiencies And Reduced Compliance Costs For Firms

Date 14/06/2018

FINRA today announced details of a multi-phased effort to overhaul its registration and disclosure programs, including the Central Registration Depository (CRD)—the central licensing and registration system that FINRA operates for the U.S. securities industry and its regulators and that provides the backbone of BrokerCheck. The first phase of the transformation—a new WebCRD interface that highlights important information or activities requiring immediate attention of firms, branches and individuals—goes into effect June 30.

Ontario Securities Commission Announces Roundtable On Derivatives Registration And Business Conduct Rules

Date 14/06/2018

The Ontario Securities Commission (OSC) today announced that it will hold a roundtable to discuss stakeholder input on the CSA notices Proposed National Instrument 93-102 Derivatives: Registration and Proposed Companion Policy 93-102 Derivatives: Registration and Proposed National Instrument 93-101 Derivatives: Business Conduct and Proposed Companion Policy 93-101 CP Derivatives: Business Conduct.

SIFMA Comments On Regulation: Best Interest - Regulation Strengthens Investor Protections While Preserving Investor Choice

Date 14/06/2018

In an Investor Advisory Committee meeting on “Regulation: Best Interest” hosted today by the SEC, SIFMA executive vice president and general counsel Ira Hammerman emphasized SIFMA’s longstanding support of the creation of a heightened best interest standard for broker-dealers that builds upon the existing, robust, regulatory regime under the federal securities laws.

Canadian Securities Regulators Seek Second Round Of Input On Proposed Business Conduct Rules For Derivatives Dealers And Advisers

Date 14/06/2018

The Canadian Securities Administrators (CSA) today published a notice and second request for comment (the Notice) on Proposed National Instrument 93-101 Derivatives: Business Conduct and Proposed Companion Policy 93-101 CP Derivatives: Business Conduct (collectively, the Proposed Instrument). The Proposed Instrument establishes a business conduct regime for regulating dealers and advisers in over-the-counter (OTC) derivatives in Canada.

Nigerian Stock Exchange Weekly Stock Market Report For June 14th 2018

Date 14/06/2018

It was a four-day trading session this week as the Federal Government of Nigeria declared Friday June 15th and Monday June 18th 2018  public holidays to mark the end of the Holy Month of Ramadan and commemorate the Eid-al-Fitr celebrations.  

Meanwhile, a total turnover of 1.738 billion shares worth N18.462 billion in 14,790 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.749 billion shares valued at N31.183 billion that exchanged hands last week in 24,604 deals.