News Centre

FESE: Updated Input On MIFIR “Non-Discriminatory” Access: How To Incentivise ETDs Trading

Date 14/05/2021

The EU’s current political reflections on key initiatives, such as the future of the Capital Markets Union (CMU) or the international role of the Euro, are a symbol of the need to have fully operational, stable and independent market infrastructures to support through their capital-raising and risk-management functions the financing of EU economies.

Shenzhen Stock Exchange Holds A Forum On Bond Regulation: Improving Information Disclosure Quality And Guarding against Risks

Date 14/05/2021

Improving basic systems and ensuring risk control are the basic guarantee for the high-quality development of the bond market. To facilitate the high-quality implementation of the registration-based corporate bond issuance system reform as well as strengthen risk control throughout the whole chain, SZSE organized and held the Forum on Bond Regulation on May 13. Relevant securities companies attended the forum. With the theme of “Improving Information Disclosure Quality and Guarding against Risks”, SZSE reported the progress it made in refining basic systems and pushing for improvement in the quality and efficiency of review and duration management. In-depth discussions were conducted centering on improving information disclosure quality in the links of issuance review, continuous regulation, risk resolution, etc. Work plans were laid out to further strengthen the capability of the exchange’s bond market in serving the real economy.

Moscow Exchange: REPO Risk Parameters Change For The Security MOEX - Updates

Date 14/05/2021

Please follow the links below to access the information:

REPO risk parameters change for the security MOEX
REPO risk parameters change for the security MOEX
REPO risk parameters change for the security MOEX
REPO risk parameters change for the security MOEX

WebMaster Solutions GmbH: BaFin Issues Cease And Desist Order To Immediately Stop And Wind Up Unauthorized Money Remittance Business

Date 14/05/2021

As of 8 April 2021, BaFin issued a cease and desist order to WebMaster Solutions GmbH to stop and wind up the unauthorized money remittance business immediately.

UK Financial Conduct Authority Proposes Stronger Protection For Consumers In Financial Markets

Date 14/05/2021

The FCA has today set out plans for a new Consumer Duty, which will set a higher level of consumer protection in retail financial markets for firms to adhere to.

Compliance Leaders See Digital Transformation As Critical Over Next 12 Months

Date 14/05/2021

More than half of compliance professionals say digital transformation of the customer due diligence process will have the biggest impact on their risk organisation over the next 12 months, according to a new poll from digital compliance specialist NorthRow.

Moscow Exchange: REPO Risk Parameters Change For The Security MOEX

Date 14/05/2021

As per the Securities market risk parameters methodology, on 14.05.2021, 10-34 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -87.22 %), penalty rate and IR Risk Rate (up to -1.413 rub) for the security MOEX were changed. New values are available here

New Zealand Financial Markets Authority: New Default KiwiSaver Settings Designed To Benefit Members

Date 14/05/2021

The Financial Markets Authority - Te Mana Tātai Hokohoko (FMA) notes the Government’s announcement today regarding new KiwiSaver default provider arrangements, these include new settings that offer a package of benefits for default KiwiSaver members.

ASIC Warns Against Fake News Articles Promoting Investment Scams

Date 14/05/2021

• ASIC has received an increased number of reports from consumers who have lost money after responding to advertisements disguised as fake news articles
• These advertisements are mostly promoting crypto-assets (or crypto-currency) and contracts for difference (CFD) trading
• ASIC has also seen advertisements and websites falsely using ASIC logos or misleadingly saying the investment is ‘approved’ by ASIC

Shenzhen Stock Exchange: Fintech Center Holds 2020 Closing Report And 2021 Opening Report Meeting

Date 14/05/2021

On May 12, the Securities and Futures Fintech Research and Development Center (Shenzhen) (the “Fintech Center”) established and run by SZSE successfully held the 2020 Closing Report and 2021 Opening Report Meeting. The meeting strictly implemented the requirements of regular pandemic prevention and control and was held in the combined form of on-the-spot and video conferencing. Over 400 people attended the meeting, including relevant leaders of the Technology Regulation Bureau under the China Securities Regulatory Commission (“CSRC”) and SZSE, as well as consultants of the Fintech Center, leaders of research teams and technicians from industry institutions.