News Centre

UK Financial Conduct Authority Fines The TJM Partnership Limited (In Liquidation) £2 Million For Serious Financial Crime Control Failings In Relation To cum-ex trading

Date 15/07/2022

The FCA has fined The TJM Partnership Limited (in liquidation) £2,038,700 for failing to ensure it had effective systems and controls to identify and reduce the risk of financial crime and money laundering in its business. This is the third case brought by the FCA in relation to cum-ex trading and the largest fine so far. This reflects the multiple examples of serious misconduct over a lengthy period.

ACER: Gas Wholesale Market Monitoring Report Points To Market Expectations Of High Gas Prices Until 2024

Date 15/07/2022

The EU Agency for the Cooperation of Energy Regulators (ACER) and the Council of European Energy Regulators (CEER) publish today the Gas Wholesale Volume of the Market Monitoring Report (MMR).

FCA Chief Outlines Tech As Key To Tackling Financial Fraud: Encompass Corporation Comment

Date 15/07/2022

Nikhil Rathi, Chief Executive of the Financial Conduct Authority (FCA), outlined technology and data as key to tackling financial fraud in the UK in a speech delivered at the Peterson Institute of International Economics this week.

ADTRAN Holdings, Inc. New In The Frankfurt Stock Exchange's Prime Standard

Date 15/07/2022

The ADTRAN Holdings, Inc. (ISIN: US00486H1059) has been listed in the Prime Standard on the Frankfurt Stock Exchange since today. The shares had an initial listing price of €19,56.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With Indonesian Finance Minister Sri Mulyani Indrawati

Date 15/07/2022

Secretary of the Treasury Janet L. Yellen met with Indonesian Finance Minister Sri Mulyani Indrawati on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting. Secretary Yellen expressed her appreciation for the difficult circumstances under which Indonesia has held the G20 Presidency, as Russia’s unprovoked war against Ukraine has created significant spillovers that the G20 must address. The Secretary raised the importance of a price cap on Russian oil to limit revenue for Russia’s military while at the same time dampening the impact of the war on gas and energy prices in America, Indonesia, and globally.

SSE Issues Business Rules And Supporting Business Guidelines For Market-making Trading Of Stocks On The STAR Market

Date 15/07/2022

In order to implement the Implementation Opinions on Establishing STAR Market and Piloting Registration System in Shanghai Stock Exchange (hereinafter referred to as the Implementation Opinions), further promote the development of the STAR Market, pilot the registration system reform, and improve the trading system of the STAR Market, under the guidance of China Securities Regulatory Commission (CSRC), Shanghai Stock Exchange (SSE) today issued and implemented the SSE Detailed Rules for Implementation of Market-making Trading of Stocks on the STAR Market (hereinafter referred to as the Detailed Rules for Implementation) and SSE Guidelines for Securities Trading No. 8: Market-making of Stocks on the STAR Market, which makes more specific and detailed trading and supervision arrangements for the market-making trading of the STAR Market.

Spectrum Markets: Q2 2022 Trading Volumes Grew 96% On Previous Year

Date 15/07/2022

• 357 million securitised derivatives traded in Q2 2022 compared to 182 million in Q2 2021
• Strong momentum on turnover, with an increase of 250% on the previous year
• Retail investors continue to opt for out-of-hour trading, accounting for 40.2% of all trades in Q2 2022 compared to 34.2% in Q2 2021

CFFEX: Notice On Listing Of New Equity Index Futures And Equity Index Options Contracts

Date 15/07/2022

• The IF2303 CSI 300 equity index futures contract is scheduled to be listed on July 18, 2022 at the base price of 4205.
• The IC2303 CSI 500 equity index futures contract is scheduled to be listed on July 18, 2022 at the base price of 6059.6.
• The IH2303 SSE 50 equity index futures contract is scheduled to be listed on July 18, 2022 at the base price of 2843.8.
• The IO2210 series CSI 300 equity index options contracts are scheduled to be listed on July 18, 2022.

Monetary Authority Of Singapore: Court Convicts Ms Lee Ying Hui For Carrying On Fund Management Without A Capital Markets Services Licence

Date 15/07/2022

Ms Lee Ying Hui (Lee) was today convicted and fined $20,000 for carrying out fund management business without a capital markets services licence.

Shanghai Stock Exchange Issues The Guidelines On Government-Subsidized Rental Housing REITs To Promote The Market's Healthy Development

Date 15/07/2022

In order to implement the decisions and plans of the CPC Central Committee and the State Council on accelerating the development of government-subsidized rental housing and in accordance with the requirements of the China Securities Regulatory Commission and the National Development and Reform Commission on relevant work, the SSE issued and implemented the Guidelines of Shanghai Stock Exchange on the Application of the Rules for Publicly Offered Infrastructure Real Estate Investment Trusts (REITs) No. 4 - Government-subsidized Rental Housing (for Trial Implementation) (hereinafter referred to as the Guidelines) on July 15, 2022, to standardize and guide the pilot issuance of Infrastructure REITs for government-subsidized rental housing.