News Centre

ESMA: Opinion On Proposed Emergency Measure By CNMV Under The Short Selling Regulation

Date 17/03/2020

In accordance with Article 44(1) of Regulation (EU) No 1095/2010, the Board of Supervisors has adopted the following opinion:

I. Legal basis

1. In accordance with Article 27(2) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps1 (the Regulation), the European Securities and Markets Authority (ESMA) shall within 24 hours of the notification made by a competent authority under Article 26 of that Regulation, issue an opinion on whether it considers the measure or proposed measure is necessary to address the exceptional circumstances as further specified in Article 24 of Commission Delegated Regulation (EU) No 918/2012 of 5 July 2012. 
2. In accordance with Article 44(1) of the ESMA Regulation the Board of Supervisors has adopted this opinion.

Abu Dhabi Securities Exchange (ADX) Commences Implementation Of Remote Working - The Move Is In Line With Its Strategy Towards Digital Transformation And Efficient Operational Management To Ensure Business Continuity

Date 17/03/2020

The Abu Dhabi Stock Exchange (ADX) have announced the launch of remote working for its employees. This follows the long-term development of a new technical communication system that allows complete business continuity for employees that will meet all challenges and circumstances.

BME: Home Capital Rentals SOCIMI Receives Favourable Report From MAB

Date 17/03/2020

The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on HOME CAPITAL RENTALS SOCIMI, following a thorough review of all the information presented by the company.

Federal Reserve Board Announces Establishment Of A Commercial Paper Funding Facility (CPFF) To Support The Flow Of Credit To Households And Businesses

Date 17/03/2020

The Federal Reserve Board announced today that it will establish a Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses. Commercial paper markets directly finance a wide range of economic activity, supplying credit and funding for auto loans and mortgages as well as liquidity to meet the operational needs of a range of companies. By ensuring the smooth functioning of this market, particularly in times of strain, the Federal Reserve is providing credit that will support families, businesses, and jobs across the economy. The CPFF will provide a liquidity backstop to U.S. issuers of commercial paper through a special purpose vehicle (SPV) that will purchase unsecured and asset-backed commercial paper rated A1/P1 (as of March 17, 2020) directly from eligible companies.

Moscow Exchange: Risk Parameters Change For The Security RU000A0ZYAP9

Date 17/03/2020

As per the Securities market risk parameters methodology, on 17.03.2020, 16-39 (MSK) the lower bound of the price band (up to 90.71) and initial margins (up to 15 %) for the security RU000A0ZYAP9 were changed. New values are available here

Cboe Options Exchange Completes Electronic-Only Trading Day Without Incident

Date 17/03/2020

Yesterday’s transition of Cboe Options Exchange (C1) to an all-electronic trading mode took place as designed and without incident. C1, along with all of Cboe’s options, futures and equities markets, remained orderly throughout the day, notwithstanding the continued extreme market conditions, including a market-wide circuit breaker trading halt just seconds after yesterday morning’s open.

The AMF Announces A Temporary Short Selling Ban On Certain Shares Until The End Of The Trading Day Of March 17

Date 17/03/2020

Considering the fall in shares prices observed on financial markets in the last days, the Autorité des Marchés Financiers has decided to take a urgency measure pursuant to the European Short Selling Regulation. Consequently, short selling in 92 shares is prohibited until the end of the trading day of March 17, 2020.

UK Financial Conduct Authority: Temporary Prohibition Of Short Selling - 17 March

Date 17/03/2020

The FCA notifies that it temporarily prohibits short selling in the following instruments under Articles 23 (1) and 26 (4) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012. This follows a decision made by another EU Competent Authority.

Borsa İstanbul: About Circuit Breaker Trigger Rates Applied In Equity Market

Date 17/03/2020

Circuit breaker trigger rate had been determined as 5% upon the announcement of Borsa İstanbul numbered 2020/20 and dated 12/03/2020 effective as of 13/03/2020. Upper limit of the circuit breaker trigger rate applied in the instruments that are traded in the continuous trading method has been removed until further announcement as per Equity Market Directive Article 27 Paragraph 2. Lower limit of the trigger rate will remain as 5%. 

Moscow Exchange: REPO Risk Parameters Change For The Security SBER

Date 17/03/2020

As per the Securities market risk parameters methodology, on 17.03.2020, 15-52 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -49.54 %), penalty rate and IR Risk Rate (up to -0.295 rub) for the security SBER were changed. New values are available here