News Centre

Statement On The Importance Of Clarity In Commission Orders, Commissioner Luis A. Aguilar, U.S. Securities And Exchange Commission[*]

Date 11/08/2015

This statement is about the critical importance of clarity in Commission Orders for enforcement actions. One of the Commission’s most effective deterrents against future misconduct is what it says about the enforcement actions it takes. As a result, the Commission must use its position as a regulatory authority to carefully and effectively send clear messages to securities industry participants regarding what is, and what is not, acceptable behavior. For this reason, Commission Orders need to contain sufficiently detailed facts so that there is no doubt as to why the Commission brought an enforcement action, why the respondent deserved to be sanctioned, and why the Commission imposed the sanctions it did.

DTCC’S Producer Management Portal (PMP) Adds New Insurance Carriers To Platform

Date 10/08/2015

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Transamerica, New York Life, Great American and Prudential have adopted DTCC’s Insurance & Retirement Services’ (I&RS) Producer Management Portal (PMP) solution, and Nationwide is targeting a go-live date in September. PMP is a centralized online platform that helps the insurance industry manage and demonstrate compliance with agent training as required by the various states in accordance with the National Association of Insurance Commissioners’ (NAIC) 2010 Model Regulation.

Federal Reserve Board Clarifies Regulation II Regarding The Inclusion Of Transaction-Monitoring Costs

Date 10/08/2015

The Federal Reserve Board on Monday clarified Regulation II (Debit Card Interchange Fees and Routing) regarding the inclusion of transaction-monitoring costs in the interchange fee standard.

Saudi Arabia's Capital Market Authority: Imposition Of A Fine On Altayyar Travel Group And Referral Of A Suspicion Of Violating Article (49) Of The Capital Market Law And Article (7) Of The Market Conduct Regulations To The Bureau Of Investigation And Public Prosecution

Date 10/08/2015

The Capital Market Authority announces the issuance of a CMA Board resolution to impose two fines in total of SR 200,000 (Two Hundred Thousand Saudi Riyals) on Altayyar Travel Group due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (A) of Article (41) of the Listing Rules. The company failed to inform CMA and the public about extending its contract with the Ministry of Education which was later announced on 15/03/2015. 

Guggenheim Partners Investment Management LLC Settles Charges It Failed To Disclose Conflict To Clients

Date 10/08/2015

The Securities and Exchange Commission today announced that Guggenheim Partners Investment Management LLC has agreed to settle charges it breached its fiduciary duty by failing to disclose a $50 million loan that one of its senior executives received from an advisory client.   

SIFMA’s Bentsen Raises Concerns With Proposed Retirement Regulation At DOL Hearing

Date 10/08/2015

SIFMA president and CEO Kenneth E. Bentsen, Jr., today testified at the U.S. Department of Labor Hearing on Fiduciary Rule Proposal outlining SIFMA’s concerns with the proposed rule and its potentially harmful impact on investors. Bentsen’s full written testimony can be found here: http://www.sifma.org/issues/item.aspx?id=8589955932

TASE To Consider All-New Equity Indices Methodology

Date 10/08/2015

Irish Stock Exchange: Dufry, The Swiss Travel Retailer, Lists €700m Bond On GEM

Date 10/08/2015

Dufry has listed a €700m bond on the Irish Stock Exchange (ISE). The senior notes, due 2023, have an interest rate of 4.5% and are listed on the ISE’s Global Exchange Market (GEM). The €700m debt security will be used to partially finance the acquisition of World Duty Free Group (WDFG).

Nigerian Stock Exchange Wins Award For Promoting Best Practice Reporting And Corporate Disclosure

Date 10/08/2015

The Nigerian Stock Exchange (NSE or The Exchange) today announced that it has received the 2015 Award for Promoting Best Practice Reporting and Corporate Disclosure from the Lagos Chamber of Commerce & Industry. The award was presented to NSE by the President of the Lagos Chamber of Commerce & Industry Alhaji Remi Belo at the Lagos Chamber of Commerce & Industry Award ceremony which took place at the Shell Hall, MUSON Centre, Onikan, Lagos State on Saturday, August 8, 2015. This is the third award received by The Exchange in barely a month. The Exchange was first presented with the African Regulator of the year at the 6th African Business Leadership Awards in London on July 25, 2015 and received then clinched the Financial Institution of the year award on August 5, 2015 at The Oil & Gas Year Nigeria Award

ESMA Vacancy Notice - Coordination Officer

Date 10/08/2015

Deadline : 13 September 2015. Please refer to our vacancy page for the details on this position (Ref. 2015/VAC22/FGIV) and how to apply.