News Centre

Hong Kong Securities And Futures Commission: Securities Fraud And Illegal Short Selling Case Transferred To District Court

Date 18/08/2023

The Eastern Magistracy today transferred to the District Court for trial the case against four defendants charged with offences of fraud and alternative offences of illegal short selling.

Shanghai Stock Exchange Cuts Stock Transaction Handling Fee By 30%

Date 18/08/2023

Today, the Shanghai Stock Exchange (SSE) issued the Notice on Adjusting the Standard for Stock Transaction Handling Fee. Starting from August 28, 2023, the handling fee for A-share and B-share transactions will be reduced from 0.00487% of the turnover on both sides to 0.00341% on both sides, a reduction of 30%.

CFFEX: Notice On Delivery Of China Government Bond Futures Contracts

Date 18/08/2023

This notice is hereby given on matters related to the delivery of the 5-year, 10-year, 2-year, and 30-year China government bond (CGB) futures contracts due for settlement in September 2023:

ASIC Announces Executive Appointments

Date 18/08/2023

The Australian Securities and Investments Commission (ASIC) today confirms several executive changes within its senior leadership team.

Taiwan Futures Exchange Newsletter - August 2023

Date 18/08/2023

This year, TAIFEX is commemorating the 25th anniversary of operation on August 31. In 1988, TAIFEX opened up for business and launched the first product – TAIEX Futures (TX). Since then, the product offerings have now covered equity indices, equities, FX and commodity. Looking ahead, we will continue to drive the expansion of the Taiwan derivatives market, while meeting the ever-changing needs of our participants, and build an even more robust and resilient futures market.

US Federal And State Financial Regulatory Agencies Issue Interagency Statement On Supervisory Practices Regarding Financial Institutions Affected By The Hawaii Wildfires

Date 17/08/2023

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Hawaii Department of Commerce and Consumer Affairs' Division of Financial Institutions, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, recognize the serious impact of the recent Hawaii wildfires on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision. The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities.

ISDA The Swap - Episode 33: Building Local Markets

Date 17/08/2023

The development of local derivatives markets can help boost economic growth and financial market liquidity in emerging market and developing economies, but how can jurisdictions ensure these markets are efficient and resilient? The EBRD’s Axel van Nederveen and Frontclear’s Romina Lopez Martinez give their views.

B.C. Securities Commission Releases 2022 Capital Market Report

Date 17/08/2023

The B.C. Securities Commission (BCSC) has issued its annual BC Capital Market Report 2022, which shows that capital-raising in the province declined for the first time six years. Even with the decline, 2022 was B.C.’s third-most active year ever for capital-raising.

UnRulemaking: Statement Regarding DST Asset Manager Solutions, Inc. - SEC Commissioner Hester M. Peirce, SEC Commissioner Mark T. Uyeda, Aug. 17, 2023

Date 17/08/2023

The Commission once again uses an enforcement action as a substitute for notice and comment rulemaking.  It does so today in a case that finds a registered transfer agent, DST Asset Manager Solutions, Inc. (“DST”), failed to act reasonably in its efforts to locate lost securityholders.  Specifically, the Order finds that DST “failed to take reasonable steps to find lost securityholders as prescribed by [Rule 17Ad-17 under the Securities Exchange Act of 1934], putting those securityholders’ assets at risk of being handed over to state governments – escheated – as unclaimed assets.” Tucked into the Commission’s Order is an undertaking that effectively imposes a substantive new disclosure requirement on mutual funds.  Accordingly, we dissent. 

MIAX Options Exchange - Updated Interface Specifications For FOI, FXD, CTD, MEI And ToM (New message Types For BBO Messages)

Date 17/08/2023

The MIAX Options Exchange Interface specifications have been updated for the following changes:

• MIAX Options – Added MIAX Sapphire Support
  • FIX Order Interface (FOI) v2.6c and
    FIX Drop Copy (FXD) v2.6b:
    • Execution Report (MsgType=8) – Tag #207(SecurityExchange): Added “SPHR” value