News Centre

High Risks Persist For European Securities Markets And Investors, ESMA Says

Date 20/03/2018

European securities markets, infrastructures and investors remain at risk, the European Securities and Markets Authority (ESMA) said today in its latest Trends, Risks, and Vulnerabilities (TRV) Report (No 1, 2018). ESMA also re-iterated its concerns about retail investors investing in speculative and risky products, such as virtual currencies and Initial Coin Offerings (ICOs).

RegTek.Solutions Appoints Heads Of Sales For North America And Europe

Date 20/03/2018

Shanghai Stock Exchange - ANT: 1st Domestic Internet E-commerce Supply Chain Asset-backed Securities Product Approved

Date 20/03/2018

The Deppon Ant Supply Chain Finance Receivables Asset-backed Securities Product of RMB2 billion received a no-objection letter from the Shanghai Stock Exchange (SSE) on March 16, making it the 1st internet e-commerce supply chain asset-backed securities product in China. Issued by Shangrong (Shanghai) Commercial Factoring Co., Ltd. ("Shangrong" for short), a wholly-owned subsidiary of Ant Financial Services, the product represents an effective combination of internet technology, supply chain and asset securitization, and it is a helpful attempt of serving small and medium-sized enterprises (SMEs).

Shenzhen Innovation And Entrepreneurship Bonds Boosting Development Of Innovative Companies And Start-ups

Date 20/03/2018

Recently, Shenzhen Capital Group Co., Ltd ("SCGC") issued the second tranche of Innovation and Entrepreneurship Corporate Bonds via Shenzhen Stock Exchange (“SZSE”), which also issued a Letter of No Objection as regards the 680 million yuan private placement of Innovation and Entrepreneurship Bonds by Shenzhen Co-Stone Asset Management Co., Ltd. ("Co-Stone Asset") and 800 million yuan private placement of corporate bonds of the same nature by ChinaEquity Group ("CEG" for short). Since the release of the Guidance of China Securities Regulatory Commission on Lauching the Pilot Program of Innovation and Entrepreneurship Bonds, the Innovation and Entrepreneurship Bond pilot programs for venture capital firms have been ever expanding.

Shanghai Stock Exchange: New Housing Rental Corporate Bonds Added

Date 20/03/2018

Recently, the publicly offered and non-publicly offered housing rental corporate bonds simultaneously applied for by Greentown Real Estate Group Co., Ltd. have been preliminarily approved by the Shanghai Stock Exchange (SSE) and received no-objection letters. It is another import measure of the SSE to keep practicing national policy and boosting the development of housing rental market under the leadership of the China Securities Regulatory Commission (CSRC) after the 1st publicly offered housing rental corporate bond of Longfor Properties Co., Ltd. in China and the 1st rental housing REITs of Poly Real Estate Group Co., Ltd. in China.

Kyber Network Opens Its Decentralized Crypto-Exchange To The Public - At A Time When There Is Increasing Scrutiny About The Security And Transparency Of Centralized Exchanges, The Highly Anticipated, Fully Decentralized Cryptocurrency Exchange Is Opening Its Door To Public With Their Beta Launch On The Ethereum Mainnet.

Date 19/03/2018

Kyber Network, a highly anticipated decentralized cryptocurrency exchange who conducted one of the most successful crowdfunding events of 2017, has today announced that their public beta is open to the public. The company hopes to provide a trustless, fully decentralized exchange that provides a high level of liquidity for users, an industry first.

SEC: Keynote Address, ICI 2018 Mutual Funds And Investment Management Conference - Dalia Blass, Director, Division of Investment Management

Date 19/03/2018

Introduction

Good morning. Thank you, Susan [Olson], for that kind introduction. I want to thank everyone here for the opportunity to speak with you today. It is not every day that I can talk with so many of the professionals in the field at one gathering. And I have the privilege of speaking on the same day as Commissioner Hester Peirce. Commissioner Peirce and Commissioner Rob Jackson joined the Commission together earlier this year, and they have brought with them incredibly valuable perspectives on asset management. I would recommend taking any opportunity you can to hear them speak. I look forward to joining you to hear Commissioner Peirce’s remarks later.

IIROC, Prosper Canada And CARP Congratulate Manitoba Government For Strengthening Investor Protection - Legislative Changes Aimed At More-Effective Regulation

Date 19/03/2018

The Investment Industry Regulatory Organization of Canada (IIROC), Prosper Canada and CARP today praised the Government of Manitoba for introducing legislation to give IIROC more effective tools to protect Manitoba investors.

The European Central Bank And The South African Reserve Bank Sign A Memorandum Of Understanding On Cooperation

Date 19/03/2018

The European Central Bank (ECB) and the South African Reserve Bank (SARB) on Monday in Buenos Aires signed a Memorandum of Understanding on cooperation in the field of central banking. The Memorandum of Understanding provides a framework for a regular exchange of information, policy dialogue and technical cooperation between the two institutions. Technical cooperation may inter alia take the form of joint seminars and workshops in areas of mutual interest in the field of central banking.

SMSG Advice - Response To ESMA’s Consultation Paper On Draft Regulatory Technical Standards Under The New Prospectus Regulation

Date 19/03/2018

Executive summary

The SMSG welcomes the proposed RTS under the new Prospectus Regulation. We strongly believe that a successful review of the Prospectus rules should result in an increased level of investor protection and a true reduction of costs for issuers, without additional burdens imposed.

We believe that issuers should be given flexibility with regard to the number and format of the KFI to be included in the summary, e.g. flexibility to decide to include KFI extracted from the cash flow statement or not. The limit on the number of pages will already prevent unnecessary information being included in the summary.

Lastly, we recommend finding a balance between the technological evolution and state of the art solutions that could ease disclosure of information for investors and potential related issues in terms of security and liability for issuers.