News Centre

JPX Published An English Version Of JPX Working Papers, Vol.17 “Investigation Of Frequent Batch Auctions Using Agent Based Model”

Date 20/12/2016

JPX Working Papers highlight research and studies on changes in the market and regulatory environment with the aim of raising competitiveness. Conducted by officers and employees of JPX, its subsidiaries, and affiliates, as well as outside researchers, JPX Working Papers are intended to draw comments widely from academia, research institutions, and other market participants and observers.

Shanghai Stock Exchange: Notice Of Releasing “Format Instruction On Information Disclosure For Temporary Reports Of Corporate Bonds”

Date 20/12/2016

In order to further standardize the information disclosure of corporate bonds and protect investors’ legitimate rights and interest, the Shanghai Stock Exchange (SSE) has formulated the “Format Instruction on Information Disclosure for Temporary Reports of Corporate Bonds” (see attachment) according to the “Securities Law of the P.R.C.”, the “Management Measures on Issuance and Trading of Corporate Bonds”, the "SSE Corporate Bonds Listing Rules", the “SSE Provisional Measures on Business of Non-public Issuance of Corporate Bonds” and other regulations. The format instruction is hereby released and implemented.

Japan Exchange Group: JGB Futures Deliverable Bonds/Conversion Factors

Date 20/12/2016

Statement On Legal Proceedings In France Relating To The Managing Director

Date 19/12/2016

Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), made the following statement today relating to Managing Director’s legal proceedings in France:

“The Executive Board has met on previous occasions to consider developments related to the legal proceedings in France. It is expected that the Board will meet again shortly to consider the most recent developments.”

CFTC Staff Issues Time-Limited No-Action Relief For Derivatives Clearing Organizations And Other Reporting Entities From Certain Obligations On Cleared Swap Reporting

Date 19/12/2016

The U.S. Commodity Futures Trading Commission’s (CFTC ) Division of Market Oversight (Division) today announced time-limited no-action relief to derivatives clearing organizations (DCOs) and reporting entities for certain swaps reporting obligations amended by a CFTC Final Rule published June 27, 2016 (Cleared Swap Rule Final Rule). Today’s action relieves DCOs of their obligations to report original swap terminations as required by the Cleared Swap Rule for up to six months or until DCOs can sufficiently test required changes to their reporting systems. This action also relieves all swaps reporting entities of obligations to report new primary economic terms (PET) data fields added by the Cleared Swap Rule for up to three months or upon the acceptance of such PET data fields by swap data repositories (SDRs).

CFTC Staff Issues Time-Limited No-Action Relief For Entities Submitting Swaps For Clearing With Derivatives Clearing Organizations Acting Under Exemptive Orders Or No-Action Relief

Date 19/12/2016

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today announced time-limited no-action relief to entities submitting swaps for clearing by derivatives clearing organizations (DCOs) operating under CFTC exemptive orders or no-action relief that CFTC staff provided (Relief DCOs). Today’s action relieves entities submitting such swaps for clearing (Relief DCO Counterparties) of obligations to terminate the original “alpha” swap and to report any swaps between the Relief DCO Counterparties and the Relief DCO. Relief DCOs are required to report such resulting swap data by the terms of their exemptive or no-action relief. This action also provides relief for counterparties to report certain primary economic terms (PET) data fields for swaps intended to be cleared by a Relief DCO (Relief ITBC Swaps) as a cleared swap.

Office Of The Comptroller Of The Currency: Andrew M. Pugh Named Deputy Comptroller For Administrative Operations

Date 19/12/2016

The Office of the Comptroller of the Currency (OCC) today announced the selection of Andrew M. Pugh to be the agency’s Deputy Comptroller for Administrative Operations.

SEC: Company Violated Rule Aimed At Protecting Potential Whistleblowers

Date 19/12/2016

The Securities and Exchange Commission today announced that a technology company has agreed to pay a penalty of $180,000 to settle charges involving its severance agreements that impeded at least one former employee from communicating information to the SEC.

CFTC Orders Convergent Wealth Advisors LLC To Pay An $800,000 Civil Monetary Penalty For Fraudulent Omissions And False Statements In Connection With An Employee’s Commodity Pool - David Zier Made Fraudulent Representations And Issued False Statements To Clients In Connection With A Commodity Pool He Operated As An Outside Business Activity, While Acting As An Agent Of Convergent

Date 19/12/2016

The U.S. Commodity Futures Trading Commission (CFTC) today filed an Order instituting proceedings and settling charges against Convergent Wealth Advisors LLC (Convergence), an investment advisory firm located in Potomac, Maryland. The CFTC Order requires Convergent to pay an $800,000 civil monetary penalty and prohibits Convergent from violating the provisions of the Commodity Exchange Act and CFTC Regulations, as charged.

ESMA Prepares For MiFID II Commodity Derivatives Regime

Date 19/12/2016

The European Securities and Markets Authority (ESMA) has published a new questions and answers (Q&A) document on commodity derivatives topics under the revised Markets in Financial Instruments Directive and Regulation (MiFID II/ MiFIR).