News Centre

Japan Financial Services Agency: Report Of Working Group On Capital Market Regulations And Asset Management Task Force

Date 13/12/2023

The FSA published a report of the "Working Group on Capital Market Regulations" and the "Asset Management Task Force", which presents the results of discussions of four meetings held from October 2023 to November 2023, focusing on the reform of asset management business.

Commonwealth Launches e-Learning Course To Help Countries Access Billions In Climate Finance

Date 13/12/2023

A new Commonwealth e-learning course launched today will improve the ability of small and other vulnerable states to access billions of dollars in climate finance.

Tokyo Stock Exchange: Use Of Letters In Securities Codes To Start

Date 13/12/2023

To address the decrease in available specific name codes for stocks assigned to general companies (4- digit numbers from [1300] to [9999]), the Securities Identification Code Committee (SICC) has announced that it will begin to use letters in the codes. We would like to once again notify you that, as originally planned, letters will be used in the codes for new listings approved on and after January 1, 2024.

SGX Group Appoints New Head Of Equities Effective Mid-2024

Date 13/12/2023

Singapore Exchange (SGX Group) announces that Chief Financial Officer (CFO) Ng Yao Loong will transition to the position of Head of Equities by mid-2024 to provide dedicated leadership in the development of our securities market. 

Update: Annual Changes To The Nasdaq-100® Index

Date 12/12/2023

Nasdaq (Nasdaq: NDAQ) today announced an update to the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX). Per the announcement by Pfizer Inc. (NYSE: PFE), the pending acquisition of Seagen, Inc. (Nasdaq: SGEN) is expected to close on December 14, 2023. As a result, Take-Two Interactive Software, Inc. (Nasdaq: TTWO), will be added to the Nasdaq-100 Index® and Seagen, Inc. will be removed as part of the annual reconstitution, which will become effective prior to market open on Monday, December 18, 2023.

Robert W. Cook, President And Chief Executive Officer, FINRA, Statement Before the Subcommittee On Capital Markets Of The U.S. House Of Representatives’ Financial Services Committee

Date 12/12/2023

Chairman Wagner, Ranking Member Sherman and Members of the Subcommittee:

Thank you for the opportunity to appear today to discuss the important work that the Financial Industry Regulatory Authority, or FINRA, is doing to fulfill our mission under the federal securities laws to protect investors and safeguard market integrity while facilitating vibrant capital markets.

SIFMA Testimony On The Department Of Labor Rule On Retirement Savings Advice

Date 12/12/2023

Today, SIFMA’s Lisa Bleier, Head of Wealth Management, Retirement and State Government Relations delivered testimony at a virtual hearing before the Department of Labor (DOL) regarding the Notice of Proposed Rulemaking, “Retirement Security Rule: Definition of an Investment Advice Fiduciary,” and related proposed prohibited transaction exemption amendments, expressing strong concern with the proposal and the resulting possible negative impacts on retirement savers.

New York Attorney General James Secures More Than $22 Million From Cryptocurrency Platform For Operating Illegally - KuCoin Required To Refund New York Users, Cease New York Operations, And Pay $5.3 Million Penalty

Date 12/12/2023

New York Attorney General Letitia James today secured more than $22 million from KuCoin, one of the largest cryptocurrency trading platforms, for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange. Today’s consent order resolves Attorney General James’ lawsuit against KuCoin and requires the company to refund over 150,000 New York investors more than $16.7 million and pay more than $5.3 million to the state. KuCoin is also banned from trading securities and commodities in New York and is prohibited from making its platform available to New Yorkers. This consent order continues Attorney General James’ work to increase oversight and regulation of cryptocurrency companies and protect New York investors, which has recovered more than $500 million from predatory cryptocurrency platforms to date.

U.S. Department Of Justice: Two Men Charged For Operating $25M Cryptocurrency Ponzi Scheme

Date 12/12/2023

A superseding indictment was unsealed yesterday charging an Australian national and a California man with operating a cryptocurrency Ponzi scheme that defrauded victims of more than $25 million.

Canadian Joint Forum Of Financial Market Regulators’ Continue To Enhance Collaborative Infrastructure

Date 12/12/2023

The Joint Forum of Financial Market Regulators (Joint Forum) held its annual meeting on November 20th, 2023, virtually, bringing together members of the Canadian Securities Administrators (CSA), the Canadian Council of Insurance Regulators (CCIR), the Canadian Association of Pension Supervisory Authorities (CAPSA) and representatives from the Canadian Insurance Services Regulatory Organizations (CISRO), as well as the Mortgage Broker Regulators’ Council of Canada (MBRCC).