News Centre

ASIC Clarifies Record-Keeping Obligations For Financial Services Licensees

Date 27/10/2016

ASIC has clarified financial advisers’ record-keeping obligations by way of an amendment to Class Order [CO 14/923] Record-keeping obligations for Australian financial services licensees when giving personal advice.

Statement At Open Meeting On Adoption Of Updated Rules regarding Intrastate Offerings And Small Business Capital Formation, SEC Commissioner Michael S. Piwowar, Oct. 26, 2016

Date 26/10/2016

Thank you, Chair White.  Today’s adopting release is a well-crafted and thoughtful adoption of the Commission’s proposal to modernize and improve our rules related to intrastate offerings and Rule 504 offerings.  I echo the thanks of my fellow commissioners for the efforts by our staff, including a number whose experiences as former state securities regulators were quite helpful. 

Dissenting Statement At Open Meeting On Universal Proxy, SEC Commissioner Michael S. Piwowar, Oct. 26, 2016

Date 26/10/2016

Thank you, Chair White. 

Several months ago, Chairman Scott Garrett of the House Subcommittee on Capital Markets and Government Sponsored Enterprises raised questions about how the Commission has been prioritizing its resources. As he noted, the universal proxy initiative has been pushed for years by special interest groups and it would increase the likelihood of proxy fights at public companies, thereby distracting management and employees from carrying out their core mission.

CBOE Holdings Declares Fourth-Quarter 2016 Dividend

Date 26/10/2016

CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per share of common stock for the fourth quarter of 2016.  The fourth-quarter dividend is payable on December 16, 2016, to common stockholders of record as of December 2, 2016.

Statement On The Proposed Rule To Require The Use Of Universal Proxies, SEC Commissioner Kara M. Stein, Oct. 26, 2016

Date 26/10/2016

Good morning.  I would like to thank the staff for all of their hard work leading up to this proposal.  The team spent a lot of time listening to and considering a variety of views regarding the issue of universal proxy.  In particular, I would like to thank Tiffany Posil, Tina Chalk and Michele Anderson in the Office of Mergers & Acquisitions and Tara Bhandari of DERA. 

Office Of The Comptroller Of The Currency Issues Responsible Innovation Framework

Date 26/10/2016

The Office of the Comptroller of the Currency (OCC) today announced it will establish an office dedicated to responsible innovation and implement a formal framework to improve the agency’s ability to identify, understand, and respond to financial innovation affecting the federal banking system.

Statement On Exemptions To Facilitate Intrastate And Regional Securities Offerings, SEC Commissioner Kara M. Stein, Oct. 26, 2016

Date 26/10/2016

Good morning.  I want to thank the staff for their hard work on these rules.  Specifically, I would like to thank Anthony Barone, Jenny Reigel, Ivan Griswold and Sebastian Gomez in the Office of Small Business Policy.  I also would like to thank Timothy White in the Division of Trading & Markets, Rachita Gullapalli in the Division of Economic Risk and Analysis, and Bryant Morris in the Office of General Counsel. 

CFTC Swaps Report Update

Date 26/10/2016

CFTC's Weekly Swaps Report has been updated, and is now available.

CME Group Announces First Trades Of Alumina FOB Australia (Platts) Futures

Date 26/10/2016

CME Group, the world's leading and most diverse derivatives marketplace, today announced that the first Alumina FOB Australia (Platts) Futures contracts were traded on Tuesday, Oct. 25, 2016. A total of 60 futures contracts, equivalent to 6,000 metric tons, were traded across the January through June 2017 contract months.

SEC Proposes Amendments To Require Use Of Universal Proxy Cards - Proposal Facilitates Shareholders’ Ability To Vote For Their Preferred Combination Of Board Candidates In Contested Elections

Date 26/10/2016

The Securities and Exchange Commission today voted to propose amendments to the proxy rules to require parties in a contested election to use universal proxy cards that would include the names of all board of director nominees.  The proposal gives shareholders the ability to vote by proxy for their preferred combination of board candidates, similar to voting in person.