News Centre

Federal Court In Florida Orders K.B. Concepts Group, LLC And Kelvin Burgos To Pay More Than $486,300 In Disgorgement And A Civil Monetary Penalty For Engaging In Illegal, Off-Exchange Precious Metals Transactions

Date 30/05/2017

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Cecilia M. Altonaga of the U.S. District Court for the Southern District of Florida entered a final Order of Default Judgment (Order) against Defendants Kelvin Burgos and his company K.B. Concepts Group, LLC d/b/a Apex Asset Advisors, LLC (K.B. Concepts) for engaging in illegal, off-exchange precious metals transactions. Burgos, a resident of Florida, was the owner and principal of K.B. Concepts, which operated its metals business under the name Apex Asset Advisors, LLC. The Court’s Order stems from a CFTC civil enforcement action filed against the Defendants on September 20, 2016 (see CFTC Complaint and Press Release 7448-16).

European Council - Council Of The European Union - Capital Markets Union: Agreement Reached On Securitisation

Date 30/05/2017

On 30 May 2017, the presidency reached agreement with European Parliament representatives on proposals aimed at facilitating the development of a securitisation market in Europe. 

CFTC Extends No-Action Relief To SEFs And DCMs from Certain CFTC Regulations For Correction Of Errors

Date 30/05/2017

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight and Division of Clearing and Risk (Divisions) today issued a no-action letter extending the relief provided in CFTC Letter No. 16-58, which expires on June 15, 2017. That no-action letter provides relief from certain CFTC regulations to permit swap execution facilities (SEFs) and designated contract markets (DCMs) to correct clerical or operational errors that caused a swap to be rejected for clearing and thus become void. The no-action letter also permits SEFs and DCMs to correct clerical or operational errors discovered after a swap has been cleared.

European Council - Council Of The European Union - Capital Markets Union: Agreement On Venture Capital Rules

Date 30/05/2017

EU rules on venture capital and social enterprises are to be adjusted with the aim of boosting investment in start-ups and innovation.

On 30 May 2017, representatives of the Council and the European Parliament agreed on amendments to rules governing investment funds in this sector.

MIAX Options: Rule Change Notice - FINRA Arbitration Rules 12402, 12403 And 13403

Date 30/05/2017

FINRA is proposing to amend FINRA Rules 12402 and 12403 of the Code of Arbitration Procedure for Customer Disputes and FINRA Rule 13403 of the Code of Arbitration Procedure for Industry Disputes to provide that the Director of FINRA’s Office of Dispute Resolution will send the list or lists generated by the Neutral List Selection System 3 to all parties at the same time, within approximately 30 days after the last answer is due, regardless of the parties’ agreement to extend any answer due date.

Navigating The Different Signals From Inflation And Unemployment - Speech By Federal Reserve Governor Lael Brainard, At The New York Association For Business Economics, New York, New York

Date 30/05/2017

For the first time in many years, we are seeing signs of synchronized economic expansions at home and abroad, and the balance of risks globally has become more positive. Recent data suggest that the underlying momentum of the domestic expansion remains solid. While U.S. consumption was weak in the first quarter of 2017, the data so far are consistent with a rebound in the current quarter. Moreover, financial conditions remain supportive of continued economic expansion despite some recent volatility.

Moscow Exchange: Risk Parameters Change

Date 30/05/2017

Securities market

NCC Bank is changing risk parameters on Securities market starting from June 06, 2017 according to the list attached:

London Stock Exchange Group Plc Transaction In Own Shares

Date 30/05/2017

London Stock Exchange Group plc (the "Company") announces that it has purchased through Barclays Capital Securities Limited, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 26 April 2017, the following number of its ordinary shares of 6 79/86 pence each ("Shares") on the London Stock Exchange as part of the buyback programme announced on 29 March 2017:

‘FinTech Hive At DIFC’ Receives Over 100 Applications From More Than 32 Countries

Date 30/05/2017

FinTech Hive at DIFC, the region’s first FinTech accelerator launched by Dubai International Financial Centre (DIFC) earlier this year, has received over 100 applications from more than 32 countries for its inaugural programme. The majority of applications have come from the UAE, UK, US, India, Nigeria and Singapore, and cover a range of concepts including big data and analytics, the blockchain, payments, P2P and crowdfunding, roboadvisors, and mobility.

ESMA Updates Its MAR Q&As

Date 30/05/2017

The European Securities and Markets Authority (ESMA) has updated today its Q&A on practical questions regarding the implementation of the Market Abuse Regulation (MAR).