News Centre

2016 Represents A ‘Year Of Firsts’ For Dubai International Financial Centre

Date 20/02/2017

• Ranked number one financial centre in the Middle East, Africa and South Asia region
• Double digit growth in registered firms since 2015
• 1,648 active registered companies, including 447 financial firms
• 305 new companies joined the Centre’s dynamic ecosystem in 2016
• Significant growth from Middle East and European companies looking to access MEASA
• DIFC received a record high of 100 applications for licenses from financial firms
• Continued infrastructure development including launch of Gate Avenue at DIFC

ESAs Warn On Money Laundering And Terrorist Financing Risks Affecting The EU Financial Sector

Date 20/02/2017

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union's financial sector. This Opinion will contribute to the European Commission's risk assessment work as well as that of the ESAs of fostering supervisory convergence and a level playing field in the area of anti-money laundering (AML) and countering the financing of terrorism (CFT).

Mandatory Notification Of Trades - Oslo Børs VPS Holding ASA

Date 20/02/2017

Oslo Børs VPS Holding has today bought 15000 of its own shares at NOK 91.9245. Oslo Børs VPS Holding has simultaneously sold 4890 of its own shares at NOK 91.9245 to employees in the group. New holding is 18022 shares.

ESM Managing Director Klaus Regling Reappointed By Board Of Governors

Date 20/02/2017

The Board of Governors of the European Stability Mechanism (ESM) today reappointed Klaus Regling as Managing Director of the ESM. The second and final five-year term of office will start on 8 October 2017.

ADX Is A Partner In Adopting Innovation To Serve A Sustainable Knowledge Based Economy – Al Blooshi

Date 20/02/2017

Abu Dhabi Securities Exchange (ADX) Chief Executive Rashed Al Blooshi said that ADX managed to implement a solid strategy that is a roadmap to highlight the path of ADX projects for the coming years in order to achieve the Exchange’s goals through relying on solid foundations and strong pillars. 

Tadawul To List 7 Companies On Nomu - Parallel Market By End Of February

Date 20/02/2017

The Saudi Stock Exchange “Tadawul” is preparing to list 7 companies on Nomu - Parallel Market on 26 of February, after gaining approval from the CMA and completing all required listing procedures.
Nomu - Parallel Market is an alternative trading platform with lighter listing requirements compared to the Main Market, requiring a market value of at least 10 million SAR, minimum shareholder size of 35-50 shareholders, and an offering percentage of at least 20%. 

UK Government Proposes New Approach To Boost Banking Competition And Resolve RBS’ State Aid Commitments

Date 20/02/2017

The UK Government has proposed a radical new plan that would see RBS fund and deliver a series of initiatives, worth around £750 million, to boost competition in today’s UK business banking market.

IOSCO Issues Report On Loan Funds – Important Niche Products To Fund The Real Economy

Date 20/02/2017

The Board of the International Organization of Securities Commissions (IOSCO) today published the report Findings of the Survey on Loan Funds, which describes how the market for Loan Funds has evolved in different jurisdictions and explains how regulators are addressing the risks associated with these funds.

Bruce Carnegie-Brown Confirmed As Next Chairman Of Lloyd's

Date 20/02/2017

The Council today confirmed that Mr Carnegie-Brown, Chairman of Moneysupermarket.com Group and vice-Chairman of Banco Santander S.A., will take up the position in June of this year. This appointment is subject to formal approval and consent from the Prudential Regulation Authority and the Financial Conduct Authority.

Hong Kong's Securities And Futures Commission Obtains Disqualification And $84 Million Compensation Orders Against Former Chairman Of First Natural Foods Holdings Limited

Date 20/02/2017

The Securities and Futures Commission (SFC) has obtained disqualification and compensation orders in the Court of First Instance against Mr Yeung Chung Lung, former chairman and executive director of First Natural Foods Holdings Limited (First Natural Foods) over embezzlement of $84 million and provision of false bank statements to auditors (Notes 1, 2 & 3).