News Centre

ASIC: Macquarie Securities (Australia) Limited Pays $110,000 Infringement Notice Penalty

Date 10/12/2015

Macquarie Securities (Australia) Limited (Macquarie Securities) has paid a penalty of $110,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The penalty was for Macquarie Securities failing to prevent a non-Designated Trading Representative from submitting Trading Messages though the non-automated order processing component of its automated order processing system, into the ASX Trading Platform.

Dalian Commodity Exchange Holds Seminar On Integrity Construction In Futures Market

Date 10/12/2015

In order to further implement the requirement of China Securities Regulatory Commission (CSRC) for carrying out activities for promoting integrity construction in the capital market and consolidate the foundation of integrity for the steady development of the market, Dalian Commodity Exchange (DCE) held the “2015 Second Seminar on Integrity Construction in Futures Market” in Dalian on December 4. The seminar has been designed to further promote the work in integrity construction on the futures market, guide the futures market players in participating in the market with integrity, and push the futures market to better serve the real economy by creating an integrity-based and harmonious market environment.

DGCX To Launch Chinese Yuan Futures In December 2015

Date 10/12/2015

• Will provide an outright quote on USD/CNY FX rates
• Enables the Yuan to be easier for regional participants to access
• Mirrors the opportunities available from the growth of theChina economies

Dalian Commodity Exchange: Notice On Setting Designated Delivery Warehouse Of No. 1 Soybeans

Date 10/12/2015

CME Group Inc. Declares Annual Variable Dividend Of $2.90 Per Share

Date 09/12/2015

CME Group Inc. (NASDAQ: CME) today declared its annual variable dividend, amounting to $2.90 per share.  The dividend is payable January 12, 2016, to shareholders of record on December 28, 2015.  When CME Group adopted its annual variable dividend structure in February 2012, the intention was to determine the excess cash available at the end of each year, with the level to increase or decrease from year to year based on operating results, potential investment activity and other forms of capital return. 

SEC: Remarks Before The 2015 AICPA National Conference On Current SEC And PCAOB Developments, Michael W. Husich, Senior Associate Chief Accountant, Office Of The Chief Accountant

Date 09/12/2015

Introduction

Good morning. Today, I want to share a few thoughts about auditor independence, including our consultation process in the Office of the Chief Accountant (“OCA”) and some reminders that I hope you will find helpful.

OCA Auditor Independence Consultation Process

OCA has an experienced team available to respond to independence consultations. In many cases, the calls we receive can be resolved by directing someone to the relevant Commission or staff guidance. However, we also receive a steady stream of consults that are interpretive in nature, and some may require a much deeper analysis, if the existing guidance is not exactly on-point.

SEC: Remarks Before The 2015 AICPA Conference On Current SEC And PCAOB Developments, Christopher M. Rickli, Professional Accounting Fellow, Office Of The Chief Accountant, AICPA National Conference On Current SEC And PCAOB Developments, Washington, DC

Date 09/12/2015

Introduction

Good morning. I would like to speak with you today about two topics: the allowance for loan losses and consolidation.

Staff Accounting Bulletin No. 102 reminders

The GAAP objective of the allowance for loan losses is to capture management’s best estimate of probable incurred credit losses as of the reporting date.[1] For financial services companies, the allowance for loan losses represents one of the most significant estimates in the financial statements. For auditors, the risk of material misstatement for the allowance for loan losses often represents a significant risk due to the degree of complexity and judgment involved in the measurement of the allowance.

SEC: Remarks Before The 2015 AICPA Conference On Current SEC And PCAOB Developments, Courtney D. Sachtleben, Professional Accounting Fellow, Office Of The Chief Accountant, AICPA National Conference On Current SEC And PCAOB Developments, Washington, DC

Date 09/12/2015

Introduction

Good morning. It is a pleasure to be here. Over the past year, OCA has been working closely with the Division of Corporation Finance and others, including the PCAOB, to emphasize the objectives and principles outlined in the guidance on segment reporting. You will hear more from the Division of Corporation Finance tomorrow but today, I would like to highlight a couple of observations from these efforts, including around the identification of operating segments and aggregation into reportable segments.

SEC: Remarks Before The 2015 AICPA National Conference On Current SEC And PCAOB Developments - Kris Shirley, Professional Accounting Fellow, Office Of The Chief Accountant

Date 09/12/2015

Good morning everyone. Today I would like to provide some considerations for entities regarding fair value measurement.

Identifying Principal or Most Advantageous Market

First, I would like to discuss some considerations for a company when identifying the principal or most advantageous market. In order to provide some background, let us first revisit the fair value measurement guidance outlined in ASC Topic 820 and consider what it says about the principal or most advantageous market.

SEC: Remarks Before The 2015 AICPA National Conference On Current SEC And PCAOB Developments, Barry Kanczuker, Associate Chief Accountant, Office Of The Chief Accountant, AICPA National Conference On Current SEC And PCAOB Developments, Washington, DC

Date 09/12/2015

Introduction

Good morning. It is an honor to be here with you. Today, I would like to discuss observations regarding the presentation of discontinued operations and the impact of post-vesting restrictions on the measurement of share-based payments.

Presentation of Discontinued Operations

A high quality accounting standard results in financial statements that provide transparent financial information that accurately depicts the economics of the underlying transactions. High quality accounting standards increase the usefulness of financial statements to investors and the capital markets. The FASB issued new guidance on reporting discontinued operations with one of its objectives being to make financial statements more meaningful by addressing concerns that too many disposals were qualifying for discontinued operations presentation.