News Centre

IOSCO: Monitoring Group Reports On Progress To Implement Recommendations To Strengthen The International Audit, Assurance, Ethics, And Independence Standard-Setting System

Date 27/07/2023

The Monitoring Group (MG) is responsible for the overall governance of the international audit, assurance, ethics and independence standard-setting system, including conducting periodic effectiveness reviews. In July 2020, the MG issued its recommendations Strengthening the International Audit and Ethics Standard-Setting System (MG Recommendations). The objectives of the MG Recommendations are the implementation of an independent and inclusive multi-stakeholder standard-setting system that is responsive to the public interest in the development of timely, high-quality audit, assurance, ethics, and independence standards that respond to an accelerated pace of change. The MG, supported by strong stakeholder engagement, has made significant progress in implementing its Recommendations to strengthen the standard-setting system.

LSEG And Siglar Carbon: Emissions Insights Could Cut EU-Mandated Carbon Costs Of Shipping By 50%

Date 27/07/2023

• LSEG and Siglar Carbon will enable customers to evaluate lower carbon options for shipping via LSEG’s flagship product, Workspace
• Shipping to be included in EU Emissions Trading System (ETS) from January 2024
• Increased costs for owners, charterers and traders that fail to factor in costs of carbon emissions

BME: MARF Registers A New Commercial Paper Programme Of A&G Banco

Date 27/07/2023

The BME's fixed income market, MARF, has admitted to trading a new Commercial Paper Programme of A&G Banco, for an outstanding balance of €200 million. With this new securities issuance instrument, A&G Banco will be able to flexibly access the fixed income markets over the next year to issue promissory notes with a maximum maturity of up to 24 months.

ACER Urges Market Participants To Improve The Quality Of Reported LNG Data

Date 27/07/2023

Today, ACER publishes an Open Letter on Liquified Natural Gas (LNG) market data quality, urging market participants to improve the quality of the reported LNG market data, relating to:

Hong Kong Securities And Futures Commission Welcomes Licence And Registration Applications From Depositaries Of Public Funds

Date 27/07/2023

The Securities and Futures Commission (SFC) today began accepting applications for carrying on Type 13 regulated activity (RA 13) under a new regime which will bring depositaries of SFC-authorised collective investment schemes under the SFC’s direct supervision.

UK Financial Conduct Authority, UK Prudential Regulation Authority And Bank Of England: UK Regulators Finalise Clearer, More Transparent Complaints Scheme

Date 27/07/2023

The FCA, the Prudential Regulation Authority (PRA) and the Bank of England have finalised a revised scheme for those who have complaints about the regulators, following a consultation.

Solactive And Evaluate Launch Solactive Evaluate Global Pharma Index, Their First Co-Branded Index

Date 27/07/2023

With rapid advancements in medical research, technology, and increasing global demand for healthcare, the pharmaceutical industry is expected to experience substantial growth in the coming years. The COVID-19 pandemic has highlighted the crucial role of pharmaceutical companies in developing vaccines and therapeutics, driving investments and innovation in the sector. Additionally, the aging population and the prevalence of chronic diseases continue to drive the demand for innovative drugs and treatments. According to Evaluate Pharma, only prescription drug sales are forecast to grow at an annualized rate of 5.9% between 2023 and 2028, increasing from US$ 1.1 trillion to US$ 1.6 trillion. Envisaging this potential, Solactive leveraged its open architecture approach and partnered with Evaluate, a Norstella company, to launch the Solactive Evaluate Global Pharma Index

FSB: Deployment Of Unallocated Total Loss-Absorbing Capacity (uTLAC): Considerations For Crisis Management Groups (CMGs)

Date 27/07/2023

The purpose of unallocated Total Loss-Absorbing Capacity (uTLAC) is to provide readily available resources to the resolution entity to recapitalise any direct or indirect subsidiary as necessary to support a resolution.

Nasdaq Dubai Welcomes The Listing Of USD 600 Million Sukuk By Dar Al-Arkan

Date 27/07/2023

Nasdaq Dubai welcomed the latest listing of USD 600 million sukuk by Dar Al-Arkan Sukuk Company Ltd, the leading and largest publicly listed Saudi Arabian residential property developer. This issuance by Dar Al-Arkan will be under the USD 2.5 billion Trust Certificate Issuance Programme and is scheduled to mature in 2029.

Borsa İstanbul’s Opening Bell Rang For Çanakkale Kalebodur Seramik Sanayi A.Ş.

Date 27/07/2023

In his address at the Opening Bell Ceremony, Korkmaz Ergun, the CEO of Borsa İstanbul A.Ş., stated the following:

“Distinguished guests,

Today, I welcome you all to your home, to the Opening Bell Ceremony hosted by our Exchange as we celebrate the listing of Kale Seramik at our Exchange.