News Centre

BETTER FINANCE Calls On EU Legislators To Stop Helping The Expansion Of Large (Mostly Non-EU) Dark Traders And To Protect Retail Investors Instead

Date 10/02/2023

As EU policymakers continue their negotiations on the MiFIR review, BETTER FINANCE is increasingly alarmed that the regulation could severely hurt retail investors, by putting in place a market structure further benefitting dark systematic Internalisers (SIs).

DIFC Announces Enactment Of New DIFC Family Arrangements Regulations

Date 10/02/2023

• The Family Arrangements Regulations provide guidelines for family businesses and entities controlled by families holding assets and operating in or from DIFC.
• The regulations replace the previous Single-Family Office regime with a new simplified Family Office regime that can serve one or more families, and eliminates the need to register with the DFSA, DIFC’s independent regulator.
• The regulations were drafted to take advantage of the recognition of family business structures in free zones, such as DIFC, and the authority provided in the newly enacted UAE Decree-Law No. 37 of 2022 (UAE Family Business Law) to keep a special family business register to opt into the requirements and benefits that will be provided for family businesses under the UAE Family Business Law.
• The regulations also establish certification and accreditation programmes for family businesses and their advisors in DIFC to support benefits and incentives planned for family businesses in the UAE under the UAE Family Business Law. The new DIFC Family Wealth Centre will act as a central hub from an advisory and accreditation perspective for family businesses.

SGX RegCo Directs Lorenzo International Limited To Be Delisted

Date 10/02/2023

Singapore Exchange Regulation (“SGX RegCo”) refers to Lorenzo International Limited’s (“the Company”) announcements of 13 August 2019 and 11 December 2020 on the proposed disposal of its wholly-owned subsidiary, Lorenzo Furniture (Kunshan) Co., Ltd (“Lorenzo Kunshan”).  

London Stock Exchange Group PLC Transaction In Own Shares

Date 10/02/2023

London Stock Exchange Group plc (LSEG) announces that it has purchased the following number of its voting ordinary shares of 6^79/86 pence each on the London Stock Exchange from Morgan Stanley & Co. International Plc (Morgan Stanley) as part of the second tranche of its share buyback programme, as announced on 7 October 2022:

CFFEX: Notice On Issues Related To The Delivery Of Equity Index Futures And Options Contracts

Date 10/02/2023

Pursuant to the Trading Rules of China Financial Futures Exchange and relevant detailed implementation rules, the last trading day of a CSI 300 Index futures, SSE 50 Index futures, CSI 500 Index futures, CSI 300 Index options, CSI 1000 Index futures, CSI 1000 Index options, and SSE 50 Index options contract is the third Friday of the expiry month. Where the last trading day is a public holiday or trading of that contract is suspended on that day for extraordinary situations or other reasons, the last trading day shall be postponed to the following trading day. Accordingly, the last trading day of IF2302, IH2302, IC2302, IO2302(CSI 300 Index options contracts expiring in February 2023), IM2302,MO2302(CSI 1000 Index options contracts expiring in February 2023),and HO2302(SSE 50 Index options contracts expiring in February 2023) is February 17, 2023.

Japan Financial Services Agency - Stewardship Code: 323 Institutional Investors Have Signed Up To The Principles For Responsible Institutional Investors As Of January 31, 2023

Date 10/02/2023

The Council of Experts Concerning the Japanese Version of the Stewardship Code (Chairman: Professor Hiroyuki Kansaku, University of Tokyo Graduate Schools for Law and Politics) published the Principles for Institutional Investors (Japan’s Stewardship Code, hereinafter referred to as "the Code") on February 26, 2014.

ASIC Calls For Improved Material Business Risk Disclosure In Annual Reports

Date 10/02/2023

ASIC reminds company directors to ensure material business risks are adequately disclosed in annual reports, to better inform shareholders and prospective investors.

Japan Financial Services Agency: Cooperation Framework In The Area Of Insurance Supervision With The European Insurance And Occupational Pensions Authority

Date 10/02/2023

On January 30, 2023, the Financial Services Agency (FSA) signed a cooperation framework with the European Insurance and Occupational Pensions Authority (EIOPA) on co-operation in the area of insurance supervision. The cooperation framework promotes mutual understanding, exchange of information and technical assistance between the two authorities.

Federal Reserve Board Releases Hypothetical Scenarios For Its 2023 Bank Stress Tests

Date 09/02/2023

The Federal Reserve Board on Thursday released the hypothetical scenarios for its annual stress test, which helps ensure that large banks are able to lend to households and businesses even in a severe recession. This year, 23 banks will be tested against a severe global recession with heightened stress in both commercial and residential real estate markets, as well as in corporate debt markets.

Kraken Down: Statement On SEC v. Payward Ventures, Inc., et al., SEC Commissioner Hester M. Peirce, Feb. 9, 2023

Date 09/02/2023

Today, the SEC shut down Kraken’s staking program and counted it as a win for investors. I disagree and therefore dissent.