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Statement On Adoption Of Rule On Reporting And Dissemination Of Security-Based Swap Information, SEC Commissioner Kara M. Stein, July 13, 2016

Date 13/07/2016

I would like to thank the staff for their hard work in bringing this recommendation to the Commission, including John Roeser, Michael Gaw, Sara Albertson, Yvonne Fraticelli, Kathleen Gross, David Michehl, Geoffrey Pemble, Hari Phatak, Y.C. Loon, Lori Price, Robert Teply, Maureen Johansen, and Mykalia DeLesDernier.

Getting Culture And Conduct Right - The Role Of The Regulator - Speech By Jonathan Davidson, Director Of Supervision – Retail And Authorisations At The FCA, Delivered At The 2nd Annual Culture And Conduct Forum For The Financial Services Industry In London

Date 13/07/2016

Key points

• Our ambition is for the conduct element of culture: that mindsets and incentives will shift to make doing the right thing for consumers and the markets the objective that is always considered.
• The role of all leaders is to encourage a culture of personal responsibility and impress upon all staff the value of good culture to the health of the firm and the financial services industry more widely.
• More firms are forming the view that a strong conduct culture which builds consumer trust in firms and markets and inspires employees is in the economic self-interest of the firms and their shareholders.

SEC Proposes Amendments To Update And Simplify Disclosure Requirements As Part Of Overall Disclosure Effectiveness Review - Comments On Amendments Along With S-K Concept Release Input Will Further Inform Commission’s Actions To Enhance Disclosure

Date 13/07/2016

The Securities and Exchange Commission today voted to propose amendments to eliminate redundant, overlapping, outdated, or superseded provisions, in light of subsequent changes to Commission disclosure requirements, U.S. Generally Accepted Accounting Principles (U.S. GAAP), International Financial Reporting Standards (IFRS), and technology.

Recommended All-Share Merger Between London Stock Exchange Group Plc And Deutsche Börse AG - Exchange Offer Acceptance Update

Date 13/07/2016

Further to the announcement on 11 July 2016 in connection with the recommended all-share merger between London Stock Exchange Group plc ("LSEG") and Deutsche Börse AG ("Deutsche Börse"), HLDCO123 PLC ("HoldCo") lowered the threshold required for acceptances under the Exchange Offer from 75% to 60% of the Deutsche Börse Shares (less treasury shares) at the time of expiration of the Acceptance Period in respect of the relevant conditions to the LSEG Acquisition and the Deutsche Börse Acquisition. By way of update, based on the declarations of acceptance received and booked so far by the custodian banks for the Exchange Offer by HoldCo to the shareholders of Deutsche Börse AG, as at 14:00 hours (CEST) on 13 July 2016, HoldCo had received acceptances amounting to approximately 53.00% of the of the Deutsche Börse Shares (less treasury shares).

SEC Adopts Additional Rules Related To Security-Based Swap Transaction Reporting - Rules Increase Transparency In The Securities-Based Swap Market

Date 13/07/2016

The Securities and Exchange Commission today announced that it has adopted amendments and guidance related to rules regarding the regulatory reporting and public dissemination of security-based swap transactions, known as Regulation SBSR.  The new rules and guidance are designed to increase transparency in the security-based swap market.

ISC Fresh Water Investment Socimi To Start Trading On MAB On 15 July - The Twentieth REIT To Start Trading On MAB

Date 13/07/2016

The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on ISC FRESH WATER INVESTMENT SOCIMI,stating that the company is eligible for admission to the SOCIMIs (REITs) segment of this market, following a review of all the information presented by the company.

SEC Proposes Rules To Enhance Order Handling Information Available To Investors

Date 13/07/2016

The Securities and Exchange Commission today voted to propose rules that for the first time would require broker-dealers to disclose the handling of institutional orders to customers.  The proposed rules also would expand the information included in existing retail order disclosures. 

Dr Paul Fisher To Be The New LBMA Chairman

Date 13/07/2016

The LBMA is delighted to announce the appointment of Dr Paul Fisher as the new Chairman of the Association, effective from 5 September, 2016. Paul is due to retire from the Bank of England at the end of July.

SEC Adopts Amendments To Rules Of Practice For Administrative Proceedings

Date 13/07/2016

The Securities and Exchange Commission today adopted amendments updating its rules of practice governing its administrative proceedings.

The Spanish Stock Exchange To Trade The First Stock Index Warrants - With 3 And 5 Grade Short And Leveraged Strategy - They Add To The 4,000 Products Already Listed On The Warrants Platform

Date 13/07/2016

Tomorrow the Spanish Stock Exchange will admit to trading the first exchange-traded products based on the daily performance of 16 grade 3 and 5 short and leveraged equity indices, linked to the following listed securities: BBVA, Inditex, Santander and Telefonica.