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IOSCO Requests Public Comment On Implementation Of PRA Principles

Date 18/12/2013

On 5 October 2012, the Board of the International Organization of Securities Commissions published its final report on Principles for Oil Price Reporting Agencies (PRA Principles), which set out principles intended to enhance the reliability of oil price assessments that are referenced in derivative contracts subject to regulation by IOSCO members. These principles were prepared in response to the G20 Leaders’ request in November 2011 in relation to PRAs, that IOSCO, in collaboration with the IEF, the IEA and OPEC, [to] prepare recommendations to improve their functioning and oversight… and followed by the G20 Leaders’Los Cabos Declaration.
Osaka Securities Exchange: Partial Revisions To Articles Of Incorporations, etc. In Connection With The Integration Of Derivatives Markets With Tokyo Stock Exchange, etc.

Date 18/12/2013

Osaka Securities Exchange Co., Ltd. (“OSE”) will partially revise the Articles of Incorporations, etc. in connection with the integration of derivatives markets with Tokyo Stock Exchange, Inc. (“TSE”) and the introduction of CNX Nifty Futures, etc. An outline of the revisions is as follows. In relation to this matter, OSE sought public comments on “Developing Rules in Connection with the Integration of Derivatives Markets”, “Partial Revision to the Daily Price Limit for JGB Futures and Options in conjunction with the Derivatives Markets Integration”, “Developing Fee Schedule in Connection with the Integration of Derivatives Markets” and “Outline of Specifications for CNX Nifty Futures”. Please refer to each page in the public comment for the main comments received and OSE’s responses to these comments.
India's Forward Markets Commission Deems Financial Technologies (India), Jignesh Shah, Joseph Massey And Shreekant Javalgekar To Be Not A ‘Fit And Proper Person’

Date 18/12/2013

Late on Tuesday, India's Forward Markets Commission barred Financial Technologies (India) Ltd.from running Multi Commodity Exchange of India in the wake of alleged trading irregularities at another exchange.
Financial Stability Board: Annual Update On Global Adherence To Regulatory And Supervisory Standards On International Cooperation And Information Exchange

Date 18/12/2013

The Financial Stability Board (FSB) today published a statement providing an update of information on the jurisdictions evaluated to date under its initiative to encourage the adherence of all countries and jurisdictions to regulatory and supervisory standards on international cooperation and information exchange.
Clearstream Extends The ICSD Settlement Day And Improves US Market Coverage

Date 18/12/2013

Clearstream, the post-trade services provider of Deutsche Börse Group, is extending the settlement day of its international central securities depository (ICSD). This results in improved cash and securities deadlines for internal settlement activity as well as for domestic settlement with local counterparties in the US, Canada and Latin American markets such as Argentina, Brazil, Mexico, Uruguay and Peru. The step will also facilitate the free flow of collateral within the extended deadlines.

Lahore Stock Exchange On The Forefront In Boosting Institutional Investors Particiaption In Developing The Domestic Capital Market

Date 18/12/2013

In efforts to inject more investment and create variety of funds in the Lahore’s capital market, The Lahore Stock Exchange has been consistent in building an investor friendly environment, both in terms of law and function. In flourishing this objective, The Lahore Stock Exchange invited the institutional investors across the nation to hold a table talk and discuss measures required to enhance the institutional investors’ participation in the domestic capital market.
City Financial Selects SunGard’s APT For Holistic Risk Management

Date 18/12/2013

City Financial, a growing London based independent fund manager with experienced teams investing across a range of strategies for retail and institutional clients, has chosen SunGard’s APT for its investment risk reporting. Delivered as a hosted reporting solution, APT will help City Financial to better measure and monitor risks associated with market positions and portfolios across multiple asset classes. APT will also provide the firm with a holistic view of risk information to management, clients and regulators.
Commissioner Barnier Welcomes Agreement Between The European Parliament And Member States On Deposit Guarantee Schemes

Date 18/12/2013

I welcome the political agreement reached today between the European Parliament and EU Member States on the new rules on Deposit Guarantee Schemes (DGS). Just a few days after the agreement on bank recovery and resolution (BRRD), we are taking another important step towards completing the single rulebook on crisis management for credit institutions in the EU.
Securities Commission Malaysia Revises Equity Guidelines To Simplify Transfer Of Listing And Clarify Regulatory Principles For SPACs

Date 18/12/2013

Securities Commission Malaysia (SC) today revised its Equity Guidelines to enhance investor protection and market efficiency. The key changes include additional investor safeguards and a practice note to clarify the regulatory principles and requirements of Special Purpose Acquisition Companies (SPACs), as well as introducing an easier transfer process for ACE Market counters to move to the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities).
NWE Price Coupling To Launch 4 February 2014

Date 18/12/2013

The project partners of the North-Western Europe (NWE) day-ahead price coupling project are pleased to confirm the project’s go live on 4 February 2014, for delivery on 5 February 2014. NWE will be the first implementation of the Price Coupling of Regions (PCR) solution, developed by European Power Exchanges, and will run in a common synchronised mode with South-Western Europe (SWE). This launch will be a significant step towards an integrated European power market.