News Centre

Hong Kong's Securities And Futures Commission: Court Dismisses Appeal By Unlicensed Securities Advisor

Date 29/08/2012

The Court of Final Appeal has dismissed the application lodged by Mr Lo Kam Chung for leave to appeal against the judgment handed down by the Court of First Instance on the sentence imposed on him for carrying on an unlicensed securities business.

NASDAQ Dubai Appoints Hamed Ali As Acting Chief Executive Officer To Lead New Phase Of Growth And Development

Date 29/08/2012

NASDAQ Dubai today announced that it has appointed Hamed Ali as Acting Chief Executive Officer, to lead the next phase of expansion at the region’s international exchange.

HKFE Announces Revised Margins For Futures Contracts

Date 29/08/2012

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Monday, 3 September 2012, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below.  The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

ESMA: Publication Of Responses To The Consultation On Delegated Acts Under The Prospectus Directive

Date 29/08/2012

To view the responses received to this consultation, please click here.

Tokyo Stock Exchange Imposes Disciplinary Action Against Livestar Securities Co., Ltd.

Date 29/08/2012

Tokyo Stock Exchange, Inc. (TSE) has imposed disciplinary action on livestar Securities Co., Ltd. (3 mil. yen fine) pursuant to the provisions of Rule 34, Paragraph 1, Item 8 of the Trading Participant Regulations.

ASX Board Renewal

Date 29/08/2012

The Board of ASX Limited (ASX) today announces the appointment of Ms Heather Ridout as a non-executive
director of the company. Her appointment is part of ASX’s continuing Board renewal process, as outlined by the
Chairman in the 2012 Annual Report.

Thailand Focus 2012 Shows Record Participants

Date 29/08/2012

Thailand Focus 2012, organized by The Stock Exchange of Thailand (SET), Phatra Securities pcl and Bank of America Merrill Lynch, has brought an unprecedented numbers of foreign investors from around globe plus analysts, brokers, and executives from government agencies and the private sector to join in the event, under the theme “Positioning Thailand for the Next Growth Phase” during August 29-31 at the Four Seasons Hotel, Bangkok.

Osaka Securities Exchange: Disciplinary Action On Transaction Participant: Livestar Securities Co., Ltd.

Date 29/08/2012

Today, Osaka Securities Exchange (hereinafter "OSE") imposed disciplinary action on Livestar Securities Co., Ltd. (hereinafter the "firm") pursuant to Rule 42(1)(ⅷ) of the Regulations for Transaction Participants as follows.

Additionally, OSE requested the submission of a business improvement report pursuant to Rule 17 of said Regulations.

SIX Exchange Regulation Reaches An Agreement With Orascom Development Holding Ltd

Date 29/08/2012

SIX Exchange Regulation has reached an agreement with Orascom Development Holding Ltd in connection with a breach of International Financial Reporting Standards (IFRS) in the 2011 annual financial statements. The identified deficiency relates to losses of two financial investments which were not recognised in profit or loss. The company will correct the error in the 2012 half-year financial statements and will make a payment of CHF 15,000 to the IFRS Foundation as part of the agreement.

Statement On The Regulation Of Money Market Funds By SEC Commissioner Daniel M. Gallagher And SEC Commissioner Troy A. Paredes

Date 28/08/2012

We were dismayed by the Chairman’s August 22, 2012, statement on the proposal she advanced to restructure money market funds. The current discourse about the Commission’s regulation of money market funds is rife with misunderstandings and misconceptions. This joint statement is intended as one step in setting the record straight. Our colleague, Commissioner Luis Aguilar, has already responded separately, and we respect the views presented in his response. We also commend Commissioner Aguilar for his efforts to engage in a constructive dialogue on money market fund reform.