News Centre

Dubai Financial Services Authority: Notice Of Consultation Paper Release

Date 24/05/2018

The DFSA and DIFCA have jointly released the following for consultation:

Consultation Paper No. 119 – Changes to the Protected Cell Company (PCC) & Investment Company (IC) Regulations

Saudi Stock Exchange (Tadawul): Reminder Announcement Regarding Implementing A New Mechanism For Opening And Closing Price Calculation In The Main Market And Nomu Parallel Market Next Sunday

Date 24/05/2018

Reference to the Saudi Stock Exchange (Tadawul) announcement published on 21/5/2018 regarding implementing the auction mechanism to calculate the closing price instead of the current Volume Weighted Average Price (VWAP), and enhancing the current mechanism to calculate the opening price, Tadawul would like to remind all market participants that implementing the new opening and closing price calculation mechanisms for both the Main Market and Nomu – Parallel Market shall start next Sunday 27/5/2018.

ESMA Updates Benchmarks Regulation Q&As (May 2018)

Date 24/05/2018

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on the Benchmarks Regulation (BMR).

United Kingdom Parliament Treasury Committee Update: Re-Appointment Of Dr Gertjan Vlieghe To The Bank Of England Monetary Policy Committee

Date 24/05/2018

The Treasury Committee has published its report on the re-appointment of Dr Gertjan Vlieghe to the Bank of England Monetary Policy Committee (MPC).

Technology And Global Ties: Turning The Tide On Financial Crime - Speech By Christopher Woolard, Executive Director Of Strategy And Competition At The FCA, Delivered At Delivered At The Anti-Money Laundering Techsprint, London

Date 24/05/2018

Highlights:

• The financial system is the gateway through which criminals must pass to make crime pay.
• New technologies have huge potential to monitor, analyse and prevent financial crime.
• A clean, competitive financial system cannot be achieved in isolation – only by working together can we make a real impact.

Kati Eriksson Appointed As A New Member On EDHEC-Risk Institute International Advisory Board

Date 24/05/2018

EDHEC-Risk Institute is pleased to announce that Kati Eriksson, Head of Investments, Aalto University Endowment have joined its international advisory board, which brings together distinguished scholars, representatives of regulatory bodies as well as senior executives from business partners and other leading institutions.

Quincy Data Named Best Low Latency Data/Technology Partner - Recognized For Delivering The Most Wireless Data At The Lowest Known Latency

Date 24/05/2018

Quincy Data, the industry-leading distributor of extremely low latency market data, delivered across the McKay Brothers’ microwave networks, was awarded “Best Low Latency Data/Technology Partner” at the 2018 Inside Market Data/Inside Reference Data Awards ceremony last night in New York.

Shanghai Stock Exchange Regulates Behaviors Of Listed Companies' Controlling Shareholders, Actual Controllers

Date 24/05/2018

Lately, a listed company in the Shanghai market planed to purchase assets of its controlling shareholder at the cost of nearly RMB2.7 billion cash. The release of this scheme immediately attracted widespread market attention. The market generally queried the abnormally high valuation for the underlying asset, and the major shareholder's motive of short-term cash extraction was obvious. With regard to this, the Shanghai Stock Exchange (SSE) carried out an inquisitive enquiry at once and made site inspection together with the securities regulatory bureau. And the company finally terminated the trading on its own initiative due to the great pressure imposed by the regulatory inquiry. It represents a typical case of the SSE to strengthen the regulation on behaviors of controlling shareholders and actual controllers recently.

Anneli Tuominen Reappointed Vice Chair Of ESMA

Date 24/05/2018

The Board of Supervisors of the European Securities and Markets Authority (ESMA) has reappointed Anneli Tuominen as its Vice Chair. Ms. Tuominen, who is the Director-General of the Finnish Finanssivalvonta (FIN-FSA), will serve a further 2½ year term effective immediately.  

National Settlement Depository And Sberbank Test ICO Technology At Bank Of Russia’s Regulatory Platform

Date 24/05/2018

Sberbank CIB, Sberbank’s corporate and investment banking business, and National Settlement Depository (NSD), Russia’s central securities depository, announce the intention to test an Initial Coin Offering (ICO) technology at the Bank of Russia’s regulatory platform. Level One, a company that manages Moscow’s biggest commercial lecture hall, will be the issuer.