News Centre

Closure Of Bursa Malaysia In Conjunction With National Day 2023

Date 28/08/2023

Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) and its subsidiaries will be closed on Thursday, 31 August 2023, in conjunction with Malaysia’s Independence Day (National Day).

UAE Securities And Commodities Authority: “Mulim” Announces One Million Riyals For The Awards Of The Second Edition Of Its “GCC Smart Investor” Competition

Date 28/08/2023

The Gulf Investment Awareness Program “Mulim” announced the launch of the second edition of its competition for the “GCC Smart Investor” Award, after increasing the value of its awards to more than one million Saudi riyals.

ASIC Focuses On Protecting Vulnerable Consumers And Small Businesses In 23-24

Date 28/08/2023

ASIC will take further enforcement action to protect Australian consumers and small businesses in an environment where scams, digitally-enabled misconduct and predatory lending practices are increasingly prevalent.

Tehran Stock Exchange Weekly Market Review Ended On 23 Aug. 2023

Date 27/08/2023

Click here to download Tehran Stock Exchange's weekly market review.

Qatar Stock Exchange: FTSE Global Equity Index Series September 2023 Semi Annual Review Changes

Date 27/08/2023

Further to the FTSE Global Equity Index Series September 2023 Semi-Annual Review notice released on 18 August 2023, amended on August 24 the status of Ooredoo:

Shanghai Stock Exchange: Notice On Reduction Of Securities Transaction Stamp Duty By Half

Date 27/08/2023

In order to invigorate the capital market and boost investor confidence, the Ministry of Finance and the State Taxation Administration announced that starting from August 28, 2023, the stamp duty for securities transactions will be reduced by half.

Shanghai Stock Exchange Moderately Reduces Margin Ratio To Promote Effective Functioning Of Securities Margin Trading Business

Date 27/08/2023

On August 27, 2023, the Shanghai Stock Exchange (SSE), with approval from the China Securities Regulatory Commission, revised Article 39 of the Implementation Rules of Shanghai Stock Exchange on Securities Margin Trading (Revised in 2023), reducing the financing margin ratio from 100% to 80%. This adjustment will be officially implemented after the market close on September 8, 2023.

The Economic Costs Of Restricting Trade: The Experience Of The UK - Speech By Ben Broadbent, Bank Of England, Deputy Governor, Monetary Policy - Given At The Federal Reserve Bank Of Kansas City 46th Economic Symposium, Jackson Hole, Wyoming

Date 26/08/2023

Ben Broadbent discusses the economic costs of restricting trade. The pandemic and the war in Ukraine provide a stark illustration of the impact of a sudden contraction in the supply of imported goods for an open economy like the UK. He argues that in 2021 and 2022 these shocks reduced real national income significantly and contributed to the rise in domestic inflation. He explains that although import costs have been declining in recent months, it is likely that monetary policy will have to remain in restrictive territory for some time.

Intercontinental Exchange And Black Knight Announce Entry Into Agreement Containing Consent Orders With FTC’s Bureau Of Competition

Date 26/08/2023

• ICE’s acquisition of Black Knight is expected to close on September 5, 2023.
• The deadline for Black Knight stockholders to elect their preferred form of merger consideration is September 1, 2023.

The Importance Of A Comprehensive Risk Assessment By Auditors And Management, Paul Munter, SEC Chief Accountant, Aug. 25, 2023

Date 25/08/2023

Introduction

Management’s and auditors’ risk assessment processes are critical to the decisions regarding financial reporting and the effectiveness of internal control over financial reporting (ICFR). Accordingly, we are troubled by instances in which management and auditors appear too narrowly focused on information and risks that directly impact financial reporting, while disregarding broader, entity-level issues that may also impact financial reporting and internal controls. Such a narrow focus is detrimental to investors as it can result in material risks to the business going unaddressed and undisclosed, thereby diminishing the quality of financial information.