News Centre

IIROC COVID-19 FAQs (As Of April 8, 2020)

Date 08/04/2020

To support transparency and help IIROC Dealer Members with compliance and the protection of their clients, this document answers questions we have received relating to issues associated with the coronavirus (COVID-19) pandemic.

Nadex Refrains From Listing Certain Contracts

Date 08/04/2020

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(h), Nadex took the following actions:  

• No Daily, Weekly or Intraday Natural Gas Binary contracts will be listed for the week of April 6, 2020;

• No Weekly FTSE 100 or Germany 30 Binary contracts will be listed for the week of April 6, 2020;

• No 5-Minute Intraday GBP/JPY Binary contracts were listed for expirations occurring from 6:05pm through 6:15pm ET on trade date April 7, 2020.All 5-Minute Intraday Currency Binary contracts were listed beginning with the 6:20pm ET expiration time.

The Importance Of Disclosure – For Investors, Markets And Our Fight Against COVID-19, SEC Chairman Jay Clayton And William Hinman, SEC Director, Division Of Corporation Finance, April 8, 2020

Date 08/04/2020

The SEC’s three part mission—maintain market integrity, facilitate capital formation and protect investors—takes on particular importance in times of economic uncertainty.  Disclosure—providing the public with the information necessary to make informed investment decisions—is fundamental to furthering each aspect of our mission.

FTSE Mondo Visione Exchanges Index Down By 11.5 % In March, Down 13.9% In Q1 2020

Date 08/04/2020

The FTSE Mondo Visione Exchanges Index was down by 13.9% this quarter as fears of the economic fallout from the coronavirus pandemic sent global markets plummeting. All equity indices declined sharply in the quarter with the FTSE All World Index falling by 20.0%, the MSCI World was down 20.1% and the S&P 500 closing out its worst quarter since 2008 with a 20 percent loss. No market was spared in the contagion rout.

In Response To Self-Executing Congressional Mandates, SEC Adopts Offering Reforms For Business Development Companies And Registered Closed-End Funds - Rule Amendments Allow Eligible Funds To Use Offering Methods That Have Long Been Available To Operating Companies

Date 08/04/2020

The Securities and Exchange Commission today voted to adopt rule amendments to implement certain provisions of the Small Business Credit Availability Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act relating to business development companies and other closed-end funds.

Nasdaq March 2020 Volumes, 1Q20 Estimated Revenue Capture And Listings Statistics

Date 08/04/2020

Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for March 2020, as well as quarterly volumes, number of listings and estimated revenue capture for the quarter ending March 31, 2020 on its investor relations website. 

Rulemaking In The Time Of COVID-19, SEC Commissioner Elad L. Roisman, April 8, 2020

Date 08/04/2020

Introduction

Good afternoon.  I am proud to be part of today’s open meeting—the first that the Commission has held during this unique national crisis.  First and foremost, I hope everyone is healthy and your families are well.  I send my best wishes to all who are facing difficult situations that seemed unthinkable only weeks ago.

BOX Exchange: Establishment Of The Cross-Market Regulation Working Group

Date 08/04/2020

BOX Exchange LLC (“BOX”) is issuing this regulatory circular to inform Participants of the existence and role of the Cross-Market Regulation Working Group (“CMRWG”), which was established under the U.S. Subgroup of the Intermarket Surveillance Group (“ISG”) to focus on ways to reduce unnecessary regulatory duplication.

Statement On The Adoption of Changes To The Offering Rules For Closed-End Funds And Business Development Companies, SEC Commissioner Allison Herren Lee, April 8, 2020

Date 08/04/2020

I want to start by recognizing the hard work of the staff in the Division of Investment Management, the Division of Corporation Finance, and the Division of Economic and Risk Analysis. The current circumstances present new and significant challenges to the staff every day, and you have continually done all that is asked of you and more. It would be an understatement to say that the Commission has been busy these past few weeks, and your diligence, professionalism, and commitment to the agency’s mission is an inspiration.

MIAX Exchange Group: Establishment Of The Cross Market Regulation Working Group

Date 08/04/2020

The MIAX Exchange Group is issuing this regulatory alert to inform MIAX Exchange Group Members of the existence and role of the Cross Market Regulation Working Group (“CMRWG”), which was established under the U.S. Subgroup of the Intermarket Surveillance Group (“ISG”) to focus on ways to reduce unnecessary regulatory duplication.