News Centre

SEC: Second Commission Statement Relating to Certain Administrative Adjudications

Date 02/06/2023

June 2, 2023

On April 5, 2022, the Commission issued a Statement Relating to Certain Administrative Adjudications (the “April 5 Statement”) describing a control deficiency related to the separation of enforcement and adjudicatory functions within the agency’s system for administrative adjudication.  As the April 5 Statement explained, for a period of time, certain databases maintained by our Office of the Secretary (“OS”) were not configured to restrict access by staff from our Division of Enforcement (“Enforcement”) to memoranda drafted by staff from the Adjudication Group (“Adjudication”) in our Office of the General Counsel (“OGC”).  As a result, in a number of adjudicatory matters, administrative support staff from Enforcement responsible for maintaining Enforcement’s case files accessed Adjudication memoranda via OS’s databases.  In many instances, those administrative staff also emailed Adjudication memoranda to other administrative staff for potential upload to Enforcement databases; once uploaded, the memoranda became accessible more broadly to Enforcement staff.

BOX Options Market: Additional Trading Slices And Symbol Redistribution – Reminder

Date 02/06/2023

This notice is being issued by BOX Options Market LLC (“BOX”) to provide a final reminder regarding the introduction of four additional Trading Slices and associated symbol redistribution previously detailed in IC-2022-34, IC-2023-02, IC-2023-68, and IC-2023-113.

Nigerian Exchange Market Report For June 2nd, 2023

Date 02/06/2023

The market opened for four trading days this week as the Federal Government of Nigeria declared Monday 29th May 2023 as Public Holidays to commemorate the inauguration of the newly elected President of the Federal Republic of Nigeria.

SIFMA Statement On Congressional Passage Of The Debt Ceiling Deal

Date 02/06/2023

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on Congressional passage of the debt ceiling deal:

NGX RegCo, ISSB, FRCN To Host Webinar On Sustainability Disclosure Standards

Date 02/06/2023

NGX Regulation Limited (NGX RegCo), in collaboration with the International Sustainability Standards Board (ISSB) and Financial Reporting Council (FRC) of Nigeria, is set to host a 3-day workshop/webinar on sustainability disclosure standards for companies as well as investors in the capital market.

BIS Privacy Regulation And FinTech Lending

Date 02/06/2023

Summary

Focus

When designing privacy protection regulation, regulators face a challenging trade-off. On one hand, individuals are reluctant to share their personal data due to concerns about potential abuse or misuse. To protect consumers' privacy, regulators may consider limiting or even prohibiting the collection of personal data. On the other hand, data play a vital role for data-intensive firms like fintechs, which rely heavily on personal information to screen and price borrowers. Privacy regulation could thus potentially hinder the growth of fintechs and weaken competition in the financial sector.

Moscow Exchange Trading Volumes In May 2023

Date 02/06/2023

In May 2023, total trading volumes across Moscow Exchange's markets grew by 20.5% to RUB 94.2 trln (RUB 78.2 in May 2022). All comparisons below are with May 2022.

On Saturday, 10 June, Until Sunday, 11 June, TRS 2 Will Be Closed For Maintenance

Date 02/06/2023

It will be possible to submit TR files, but feedback will not be sent until after 12 pm on Monday 12 June.

Nigerian Stocks Post Best Return In Sub-Saharan Africa …As Investors Gain N1.83trn In May

Date 02/06/2023

Despite the soaring inflation and weak indices in the economy, Nigerian stocks posted an impressive performance by out-shining its peers in Sub-Saharan Africa, registering a month-to-date gain of 6.4 per cent at the end of May 2023.

OCC Clears 949.1M Contracts In May 2023, Third Highest Month On Record

Date 02/06/2023

OCC, the world's largest equity derivatives clearing organization, announced today that year-to-date average daily volume through May 2023 was 44.5 million contracts, up 6.6 percent compared to year-to-date average daily volume through May 2022. Total volume was 949.1 million contracts, up 9.5 percent compared to May 2022 and the third highest month in OCC’s history.