News Centre

Thomson Reuters Launches Russian Sanctions Tracking Service - New Service To Help Financial Institutions And Their Investment And Trading Intermediaries Comply With OFAC & EU Sectoral Sanctions

Date 18/05/2015

Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the launch of its Russian Sanctions Tracking Service. In July 2014, the European Union (EU) and the Office of Foreign Assets Control (OFAC) issued a number of executive orders and sectoral sanctions against Russia in retaliation for the Russian government’s annexation of Crimea and its activities to destabilize Ukraine. The result of these sanctions has imposed an additional burden on investment and trade compliance as financial institutions and infrastructure providers must ensure they do not trade or settle new debt or equity issued by sanctioned entities.

South32 Debuts On The JSE

Date 18/05/2015

Today, the JSE welcomed diversified resources Group South32 to the exchange’s Main Board.  South32, the fifth listing on the JSE this year, is a secondary listing with its primary listing being on the Australian Stock Exchange. 

Chang Hwa Commercial Bank And Misys Win Asian Banker’s Market Risk Technology Implementation Of The Year Award 2015

Date 18/05/2015

Chang Hwa Commercial Bank and its technology partner Misys have been named as winner for The Market Risk Technology Implementation of the Year Award 2015 during The Asian Banker Risk Management Awards Programme. The programme has been administered by The Asian Banker under its prestigious annual Business Achievement Awards programme.

Ahmad Hamad Algosaibi & Brothers (AHAB): Al Gosaibi Announces Details Of Proposed Settlement Terms

Date 18/05/2015

After extensive negotiations between Ahmad Hamad Algosaibi & Brothers ("AHAB" or "the Company") and the Steering Committee "SteerCo", the Company is pleased to present an enhanced settlement proposal at a Claimants' meeting to be held in Dubai on June 2nd (the "June 2015 Proposal").  Details of the meeting will be circulated to all Claimants who have signed an NDA and submitted a notice of claim.  Those Claimants wishing to attend the meeting should contact AHABADMIN@Deloitte.com.

Orc Obtains CBOE Certification For Next-Generation Trading Platform

Date 18/05/2015

Orc, a global leader in trading technology, today announced that its next-generation Orc Tbricks trading platform now offers a certified interface to the Chicago Board Options Exchange (CBOE), including the CBOE Futures Exchange (CFE). The new high-speed interface enables quoting and trading a broad range of products, including equity options and index options such as CBOE Volatility Indexâ (VIX Index) options.

Cairo Amman Bank Weekly Economic Monitor And Amman Stock Exchange Report

Date 18/05/2015

Cairo Amman Bank has issued their Weekly Economic Monitor and Amman Stock Exchange Report.

Japan Exchange Group: The 14th Annual General Shareholders Meeting

Date 18/05/2015

Notice of the 14th Annual General Shareholders Meeting

Cleartrade Exchange Announces First Trade Of New Mini Fertilizer Futures

Date 18/05/2015

Cleartrade Exchange (CLTX), the Singapore regulated futures exchange for commodity derivatives, announces the first trade for its new mini fertilizer futures contracts. The contracts launched on Thursday May 14th with the first trades observed on CLTX later that day.

China Securities Regulatory Commission: FAQ On Beneficial Ownership Under SH-HK Stock Connect

Date 18/05/2015

1. Do overseas investors enjoy proprietary rights in the SSE Securities acquired through the Northbound Trading Link as shareholders? Are the concepts of "nominee holder" and "beneficial owner" recognized under Mainland  law?

Article 18 of the Administrative Measures for Registration and Settlement of Securities (the “Settlement Measures”) states that “securities shall be recorded in the accounts of the securities holders, unless laws, administrative regulations or CSRC rules prescribe that the securities shall be recorded in accounts opened in the name of nominee holders”. Hence, the Settlement Measuresexpressly provides for the concept of nominee shareholding. Article 13 of the Certain Provisions on Shanghai-Hong Kong Stock Connect Pilot Program (the “CSRC Stock Connect Rules”) states that shares acquired by investors through the Northbound Trading Link shall be registered in the name of HKSCC and that “investors are legally entitled to the rights and benefits of shares acquired through the Northbound Trading Link”. Accordingly, the CSRC Stock Connect Rules have expressly stipulated that, in Northbound trading, overseas investors shall hold SSE Securities through HKSCC and are entitled to proprietary interests in such securities as shareholders.

Dubai International Financial Centre Welcomes Kazakhstan's Prime Minister, Seeks To Boost Bilateral Synergies Between The UAE And Republic Of Kazakhstan Across Key Sectors

Date 18/05/2015

His Excellency Essa Kazim, Governor of Dubai International Financial Centre, welcomed Prime Minister of Kazakhstan Karim Massimov and a high-profile business delegation to the centre in a bid to boost bilateral trade between the UAE and the Republic of Kazakhstan.