News Centre

New Zealand Commerce Commission And New Zealand Financial Markets Authority: Supporting Customers In Financial Difficulty

Date 18/09/2023

The Commerce Commission and the Financial Markets Authority have collaborated on a joint message that outlines ways that financial service providers (including consumer lenders) can support customers who are experiencing financial difficulty. It outlines ways providers can be proactive about dealing with customers in financial difficulty, including complying with their regulatory obligations, assigning sufficient resources, and always providing customers with fair treatment. 

Marconi’s Illusion: What A 120-Year-Old Magician’s Trick Can Teach Us About Cyber Preparedness - Address By ASIC Chair Joe Longo At The Australian Financial Review Cyber Summit, 18 September 2023

Date 18/09/2023

KEY POINTS

• Organisations must take an active approach to evaluating and managing third-party cyber risk.
• For all boards, cyber security and cyber resilience must be top priorities. ASIC also expects this to include oversight of cyber security risk throughout the organisation’s supply chain. Failure to ensure adequate measures are in place exposes directors to potential enforcement action by ASIC based on the directors not acting with reasonable care and diligence.
• There is a need to go beyond security alone and build up resilience – meaning the ability to respond to and recover from an incident. It’s not enough to have plans in place. They must be tested regularly – alongside ongoing reassessment of cyber security risks, including within the supply chain.

New Zealand Financial Markets Authority: Yuen Pok (Paul) Loo Pleads Guilty To Forgery And Financial Markets Legislation Offences

Date 18/09/2023

The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – can confirm that Yuen Pok (Paul) Loo has pleaded guilty to several criminal charges at the Manukau District Court on Friday 15 September. 

President, Federal Republic Of Nigeria, H.E. Bola Ahmed Tinub To Ring NASDAQ Closing Bell As NGX Group Partners U.S Chamber Of Commerce, Nigerian Investment Promotion Council

Date 17/09/2023

The President of the Federal Republic of Nigeria, H.E. Bola Ahmed Tinubu will ring the Closing Bell of NASDAQ in New York, United States as part of proceedings at the Executive Business Dialogue organized by United States Chamber of Commerce, Nigerian Exchange Group Plc (NGX Group) and Nigerian Investment Promotion Council (NIPC).

Saudi Exchange Launches Four New Indices

Date 17/09/2023

The Saudi Exchange has launched four new indices, marking a significant step forward in the development of the Saudi capital market. These indices, based on company size and IPO performance, provide investors with a broad range of investment benchmarks while enabling institutions to offer new products to meet growing investor strategies.

US Financial Stability Oversight Council Meeting - Friday, September 22

Date 15/09/2023

On Friday, September 22, Secretary of the Treasury Janet L. Yellen will preside over a meeting of the Financial Stability Oversight Council (Council) at the Treasury Department. The meeting will consist only of an executive session. The preliminary agenda for the meeting includes international market developments; the Council’s proposed analytic framework for financial stability risk identification, assessment, and response and the Council’s proposed guidance on nonbank financial company determinations; the Council’s 2023 annual report; and the Council’s fiscal year 2024 budget. 

CFTC Commitments Of Traders Reports Update

Date 15/09/2023

The current reports for the week of September 12, 2023 are now available. Report data is also available in the CFTC Public Reporting Environment (PRE), which allows users to search, filter, customize and download report data.

BOX Exchange Update: Bid-Ask Differentials For Various Symbols Through December 15, 2023

Date 15/09/2023

BOX Exchange LLC (“BOX”), by its authority under the provisions of BOX Rule 8040, has temporarily established modified bid-ask differentials for the following option classes. The below Market Maker quote width requirements will be effective through December 15, 2023 unless withdrawn by BOX prior to that time.

MIAX Exchange Group - Options Markets - Market For Underlying Security Used For Openings On MIAX Options, MIAX Pearl Options And MIAX Emerald Options For Newly Listed Symbol ARM Effective Monday, September 18, 2023

Date 15/09/2023

Arm Holdings plc American Depository Shares (ARM) will start trading on MIAX Options, MIAX Pearl Options and MIAX Emerald Options beginning Monday, September 18, 2023 and shall use NASDAQ as the “market for the underlying security” for the purpose of Openings on the Exchange.

MIAX Exchange Group - Options Markets - New Listing Effective For September 18, 2023 - Arm Holdings plc (ARM)

Date 15/09/2023

The following option class will begin trading on the MIAX Options Exchange, the MIAX Pearl Options Exchange, and the MIAX Emerald Options Exchange on Monday, September 18, 2023: