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  • Saudi Arabia's Capital Market Authority: The Issuance Of CMA Board Resolution Approving The Corporate Governance Regulations

    Date 15/02/2017

    As part of the CMA efforts to develop the  capital market in Saudi Arabia as well as regulate and monitor the businesses and activities of entities subject to its supervision through issuing implementing regulations and rules governing the capital market in Saudi Arabia, and pursuant to the Capital Market Law issued by Royal Decree (M/30) dated 2/06/1424H., and based on the Companies Law issued by Royal Decree (M/3) dated 28/1/1437H., the CMA board has issued its Resolution stating the following:

  • Bank Of England Statement On The Next Steps Following The Discovery Of Traces Of Animal-Derived Products In £5 Polymer Banknotes

    Date 15/02/2017

    • The Bank recognises the concerns raised about the discovery of traces of tallow used in the production of its £5 polymer notes. Following detailed analysis and further work we are now able to provide an update to the public.
    • As stated on 30 November 2016, the Bank was not aware of the presence of animal-derived products when it signed the contract with its supplier for the £5 and £10 banknote polymer.  When the Bank discovered the presence of these products, its first step was to alert the public and subsequently has been treating the concerns raised by members of the public with the utmost seriousness.  It has spoken to a number of groups to understand their concerns more fully.
    • An extremely small amount of tallow is used in an early stage of the production process of polymer pellets, which are then used to create the base substrate for the £5 note. The Bank is continuing to work closely with banknote polymer suppliers to determine what alternatives might be available.
    • Weighing the considerations below, the Bank has now concluded that it would be appropriate to keep the £5 polymer note in circulation and to issue the £10 polymer note as planned, in September. In reaching its decision, the Bank has given careful consideration to the possible alternative options for the current £5 note and the Jane Austen £10 polymer note.  In doing so, the Bank has considered: its responsibility to issue and maintain the supply of high quality and secure banknotes, its obligations under the Equality Act 2010, the concerns raised about the use of animal-derived products, the impact of any changes on firms that process and handle cash, the potential impact on our suppliers, and value for money for the taxpayer.
    • Further information on the current status and plans for the Bank’s assessment is presented in the accompanying paper.  

  • FTI Consulting’s Global Shareholder Activism Map Illustrates The Growth Of Activist Investing Across The World - Nearly 350 Activist Campaigns Occurred Outside The United States In 2016, Compared To 70 In 2010

    Date 15/02/2017

    FTI Consulting, Inc. (NYSE:FCN) published an update to its interactive Global Shareholder Activism Map, which shows that shareholder activism gained momentum and geographic breadth in 2016.

  • China Securities Regulatory Commission: 2017 National Securities And Futures Regulation Work Conference Held In Beijing

    Date 15/02/2017

    The 2017 National Securities and Futures Regulation Work Conference, held on February 10 at the organ of the China Securities Regulatory Commission (CSRC), summed up the work of 2016, analyzed the current market situation and deployed the major tasks in 2017. Liu Shiyu, CSRC Party Chief and Chair delivered at the conference a speech entitled “consistently strengthening political awareness, awareness of overall situation, awareness of core leadership and awareness of uniformity (four-awarenesses), moving forward while maintaining stability, and rationally fueling the capital market’s reform, stability and development”

  • Euronext Partners With AX Trading To Launch Pan-European Block Trading MTF

    Date 15/02/2017

    • New approach to block trading with fairness, trust and user control at its core
    • Strategic partnership with AX Trading, a US-based FinTech company and ECN
    • Service will help market participants execute blocks safely in a broad range of securities, creating value for end users and corporates across Europe
    • Europe’s first ‘proactive’ liquidity seeking venue scheduled for launch in mid-2017