News Centre

European Commission - Read-Out Of The College Meeting And Press Conference By Vice-President Valdis Dombrovskis On The Commission's Proposal To Amend The European Market Infrastructure Regulation (EMIR)

Date 13/06/2017

Good afternoon everyone,

We had a productive College today. You already had a press conference on the migration package, so I will focus on the remaining issues.

Let me start on a positive note. Vice-President Ansip informed the College that the end date for roaming charges is in two days. As of 15 June, Europeans, when travelling abroad, will be able to consume mobile voice, SMS and data services for the same price as at home. This is good news ahead of the vacation season. We are convinced that this will also benefit, for example, current and future ERASMUS students and mobile workers.

Federal Court Orders Florida-Based North American Asset Management, LLC, Alexi Bethel, And Steven Labadie To Pay More Than $1.6 Million In Restitution And A Civil Monetary Penalty For Engaging In Illegal, Off-Exchange Precious Metals Transactions - Court Also Imposes Permanent Trading And Registration Bans Against Them

Date 13/06/2017

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Jose E. Martinez of the U.S. District Court for the Southern District of Florida entered a Consent Order against North American Asset Management, LLC (NAAM) of Fort Lauderdale, Florida, its owner and president Alexi Bethel of Miami, Florida, and its owner and managing director Steven Labadie of Lake Worth, Florida. The Order finds that NAAM, Bethel, and Labadie engaged in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis and requires them, jointly and severally, to pay restitution of $648,759.60 and a $977,430.47 civil monetary penalty.

CFTC’s Market Risk Advisory Committee Announces Agenda For June 20 Public Meeting

Date 13/06/2017

The U.S. Commodity Futures Trading Commission’s (Commission) Market Risk Advisory Committee (MRAC) will hold a public meeting on June 20, 2017 at the CFTC's Washington, DC, headquarters.

FIA Response To EC Proposal On Clearing In Europe

Date 13/06/2017

In response to a legislative proposal on further amendments to the European Market Infrastructure Regulation (EMIR) regarding clearing in Europe, FIA president and CEO Walt Lukken released the following statement:

FINRA Launches Innovation Outreach Initiative - Blockchain Symposium To Take Place In NYC On July 13

Date 13/06/2017

The Financial Industry Regulatory Authority (FINRA) announced today that it has established an Innovation Outreach Initiative to foster an ongoing dialogue with the securities industry that will help FINRA better understand financial technology (fintech) innovations and their impact on the industry.

European Commission - Fact Sheet: Questions And Answers On The Proposal To Amend The European Market Infrastructure Regulation (EMIR)

Date 13/06/2017

What is EMIR and why is the Commission proposing to amend it?

The European Market Infrastructure Regulation (EMIR) is a centrepiece of the legislation introduced in the wake of the financial crisis to make financial markets safer and more transparent. A key pillar of EMIR is the requirement for standardised OTC derivatives contracts to be cleared through a Central Counterparty (CCP), which entered into force in December 2015 (for more information see here). EMIR also introduced strict prudential, organisational and business conduct requirements for CCPs and established arrangements for their supervision to minimise any risk to users of a CCP and underpin the financial stability of the system (for technical terms, see glossary at the end of the MEMO).

Renewal Of Euronext Reference Shareholders Agreement

Date 13/06/2017

• Renewal of the Euronext Reference Shareholders Agreement expiring on 20 June 2017 for a further period of two years
• New reference shareholders group accounting for 23.86% of Euronext’s share capital
• Supervisory Board representation maintained with one third of the Supervisory Board seats

London Stock Exchange Group Plc Transaction In Own Shares

Date 13/06/2017

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:

CFTC Acting Chairman Giancarlo Appoints Erica Elliott Richardson As Director Of The Office Of Public Affairs - Steven W. Adamske Departs After Six Years As Office Of Public Affairs Director

Date 13/06/2017

U.S. Commodity Futures Trading Commission (CFTC) Acting Chairman J. Christopher Giancarlo today announced the appointment of Erica Elliott Richardson to serve as Director of the Office of Public Affairs (OPA), effective immediately. Richardson served as the Communications Director to Majority Leader Kevin McCarthy on Capitol Hill during his tenure as Whip.

EBA To Hold Public Hearing To Update On Progress Over Investment Firms New Prudential Regime

Date 13/06/2017