News Centre

Shenzhen Stock Exchange Solicits Public Comments On The Implementing Rules For The Share Reduction Through Inquiry Transfer Or Placement By Shareholders Of ChiNext Companies

Date 08/08/2023

SZSE drafted the Self-regulation Guidelines for Listed Companies No.16 - Sale of Stocks through Inquiry Transfer or Placement by Shareholders of the Companies Listed on the ChiNext Board (Exposure Draft) (hereinafter referred to as the “Guidelines”). This is aimed to guide the shareholders of ChiNext companies to transfer their shares in an orderly manner according to the law, introduce more professional institutional investors, better balance the demands of shareholders and the protection of the interests of small and medium-sized investors, thus maintaining the healthy and stable development of the ChiNext market. The Guidelines clarifies the mechanism arrangements for ChiNext company shareholders’ share reduction via inquiry to specific institutional investors and placement to original shareholders having preemptive rights. It is now open to public comments.

ASIC Extends Transitional Relief For Foreign Financial Services Providers

Date 08/08/2023

ASIC is extending for a further 12 months the transitional relief for foreign financial services providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing financial services to Australian wholesale clients.

Shenzhen Stock Exchange Amends The Information Disclosure Evaluation Guidelines To Reinforce The Institutional Foundation For Cultivating High-Quality Listed Companies

Date 08/08/2023

In order to further improve the quality of information disclosure of listed companies, implement the work requirements of the three-year action plan for improvement of the quality of listed companies, SZSE released the Self-regulation Guidelines for Listed Companies No. 11 - Information Disclosure Evaluation (Amended in 2023) (the “Evaluation Guidelines”) on August 4 based on the unified arrangements of the China Securities Regulatory Commission (CSRC).

ISDA Responds To UK HMT On Removing Restrictions On Uncovered Sovereign CDS

Date 07/08/2023

On August 7, ISDA submitted a response to HM Treasury’s (HMT) consultation on removing the restrictions on uncovered sovereign credit default swaps (CDS).

Coinbase Commences Cash Tender Offer For Up To $150.0 Million Aggregate Purchase Price Of Its Outstanding 3.625% Senior Notes Due 2031

Date 07/08/2023

Coinbase Global, Inc. (the “Company” or “Coinbase”) today announced that it is commencing an offer to purchase for cash (the “Tender Offer”) up to $150.0 million in aggregate purchase price, excluding accrued and unpaid interest, of its 3.625% Senior Notes due 2031 (the “Notes”).

CFTC: Federal Court Orders Florida Commodity Pool Operator To Pay Nearly $9 Million In Restitution - Relief Defendant Ordered To Disgorge More Than $2.3 Million

Date 07/08/2023

The Commodity Futures Trading Commission today announced U.S. Magistrate Judge William Matthewman of the U.S. District Court for the Southern District of Florida entered consent orders resolving charges against defendant Bluprint LLC and relief defendant Kalpana Patel. 

Euronext Announces Volumes For July 2023

Date 07/08/2023

Euronext, the leading pan-European market infrastructure, today announced trading volumes for July 2023.

SEC: Fund Administrator Charged For Missing Red Flags

Date 07/08/2023

The Securities and Exchange Commission today announced settled charges against Theorem Fund Services LLC (TFS), a fund administrator based in Boca Raton, Florida, for failing to respond to red flags relating to a fraud against a private fund and its investors.

Federal Reserve Board Announces It Is Seeking Individuals With A Diverse Set Of Expert Insurance Perspectives In Life, Property And Casualty, And Reinsurance Issues To Serve On Its Insurance Policy Advisory Committee (IPAC)

Date 07/08/2023

The Federal Reserve Board on Monday announced that it is seeking individuals with a diverse set of expert insurance perspectives in life, property and casualty, and reinsurance issues to serve on its Insurance Policy Advisory Committee, or IPAC.

Masdar Marks Roadmap To US$3 Billion Green Bond Offering At London Stock Exchange

Date 07/08/2023

• Historic market opening attended by COP28 President-Designate Dr Sultan Al Jaber, the founding CEO and now Chairman of Masdar, the UAE's flagship renewable energy company
• Green bond is the first part of Masdar's program to raise debt capital to fund new clean energy projects
• In lead-up to UAE hosting COP28, milestone showcases the UAE's commitment to advancing decarbonization and unlocking climate finance around the world