News Centre

Shanghai Stock Exchange: Strengthening Regulatory Requirements For Key Monitored Accounts, Implementing Members' Responsibility For Transaction Management Of Clients

Date 27/04/2018

Today, the Shanghai Stock Exchange (SSE) officially issued the "Notice on Strengthening the Management of Key Monitored Accounts" (the "Notice" for short). According to the "Notice", the SSE will regularly or irregularly send to all members of the SSE market a list of the "Key Monitored Accounts", mainly those involving frequent unusual transactions, severely unusual transactions, apparently suspected manipulations and other violations that harm the fair trading order in the market, and urge the members to specifically intensify the transaction compliance management of the listed accounts. According to the sources, it is an important move taken by the SSE to effectively fulfill the statutory responsibilities for the front-line regulation and accelerate the transformation to the "member-regulation-centered" mode of trading regulation, on the basis of the unified work arrangement of the China Securities Regulatory Commission (CSRC). In addition, it is also a basic institutional arrangement for urging the members to vigorously assume the responsibility for management of the clients' transactions and directing the members to effectively coordinate the regulation of the unusual transactions.

Japan Exchange Group, Inc. And Consolidated Subsidiaries Consolidated Financial Results For The Fiscal Year Ended March 31, 2018（Based On IFRS, Unaudited

Date 27/04/2018

In the fiscal year ended March 31, 2018 （from April １, 2017 to March 31, 2018）, the Group recorded operating revenue of ¥120,711 million （11.9% increase from the same period of the previous fiscal year （i.e. year on year）） due to factors such as increases in trading services revenue and clearing services revenue compared with the previous year, and operating expenses were ¥50,902 million （1.4% year-on-year increase）. As a result, the Group recorded operating income of ¥71,791 million （20.9% year-on-year increase） and income before income tax of ¥72,990 million （20.4% year-on-year increase).

ASX Outlines New Features And Timetable For DLT System To Replace CHESS

Date 27/04/2018

ASX has today released a consultation paper outlining the planned new features and timetable for replacing CHESS with a distributed ledger technology (DLT) solution as the post-trade infrastructure for Australia’s equity market.

Senior Management Changes At Monetary Authority Of Singapore

Date 27/04/2018

The Monetary Authority of Singapore (MAS) today announced the following changes to its senior management team:

Hong Kong’s Securities And Futures Commission: Codes On Takeovers And Mergers And Share Buy-Backs Align With New Listing Regime

Date 27/04/2018

The SFC announces amendments to the Codes on Takeovers and Mergers and Share Buy-backs (the Codes) to bring them in line with the new listing regime for companies from emerging and innovative sectors.

Tokyo Commodity Exchange: Orders Placed At Price Levels Significantly Diverging From Market Conditions

Date 27/04/2018

Orders, placed at the maximum upper or lower SCB (Static Circuit Breaker) levels or close to those levels, or at price levels significantly divergent from the market condition at the time, in a continuously repeated way and/or on an almost constant basis, will be subject to investigation by the exchange. The exchange may interview, etc. the Member, etc. (including orders taken from customers; hereinafter the same) who placed such orders.

Shenzhen Stock Exchange Launches “Safeguarding Rational Investment” Series Investor Education Event

Date 27/04/2018

To implement the CSRC deployment of special activities on investor education named “Upholding Rational Investment”, on April 26, SZSE held the “Safeguarding Rational Investment with You” Series Investor Education Event and Listed Companies’ Investor Exchange Meeting, together with Guangdong Securities Regulatory Bureau, Shenzhen Securities Regulatory Bureau, and the Investor Service Center. Over 200 investor representatives and representatives from member companies, listed companies, and the media attended the meeting. The exchanges themed “smart manufacturing” for SZSE-listed companies and investors were also included in the event, being the first of its kind. The activities presented a favorable image of the capital market in serving the real economy and boosting quality economic development.

Shanghai Stock Exchange, China Securities Depository And Clearing Co. Issue Interim Measures For Transactions, Settlement Of Bonds In Collateralized Tri-party Repo

Date 27/04/2018

In order to improve the multi-level repo market system, better serve the institutional investors, and promote the healthy development of the bond market on the Shanghai Stock Exchange (SSE), recently the SSE and China Securities Depository and Clearing Co. Ltd. (CSDC) issued and implemented the "Interim Measures of SSE and CSDC for Transactions and Settlement of Bonds in Collateralized Tri-party Repo" (the "Interim Measures" for short) based on learning from the mature experience gained by the overseas repo markets and extensively soliciting and absorbing the opinions in the market.

Statement On Motions To Intervene Regarding 5th Circuit Decision Vacating The DOL Fiduciary Rule

Date 27/04/2018

The U.S. Chamber of Commerce, Financial Services Institute, Financial Services Roundtable, Insured Retirement Institute, and Securities Industry and Financial Markets Association released the following statement today on motions to intervene in order to petition the full Fifth Circuit Court of Appeals to rehear the recent decision vacating the Department of Labor’s fiduciary rule in its entirety:

“The 5th Circuit got it right in its March 15, 2018 opinion striking the DOL fiduciary rule in toto.  We will oppose any motion to intervene in this case at this late stage.”

SIFMA And Partners Make Recommendations For Reversing Decline In IPOs, Expanding America’s Public Capital Markets

Date 27/04/2018

SIFMA, along with a host of partner organizations, issued a new report today offering recommendations for strengthening U.S. public capital markets by helping more companies go and stay public.