News Centre

ECB Pushes For EU Capital Markets Integration And Development

Date 03/03/2020

• Euro area financial structure moves away from bank dominance as non-bank intermediaries assume greater role
• No broad increase observed in marketable financial instruments
• ECB sees scope for equity to play greater role in firms’ funding
• Development of equity markets could help decarbonise EU economies

SGX RegCo’s Statement On Tee International Limited’s External Investigator’s Report

Date 03/03/2020

Singapore Exchange Regulation (“SGX RegCo”) refers to Tee International Ltd’s 3 March 2020 announcement of findings by external investigator, PricewaterhouseCoopers Risk Services Pte Ltd (“PwC”).

Japan’s Financial Services Agency: Exchange Of Letters On Cooperation In The Area Of Supervision With The Banco Central Do Brasil

Date 03/03/2020

On February 28, 2020, the Financial Services Agency and the Banco Central do Brasil exchanged letters on cooperation in the area of supervision of financial institutions to enhance communication and cooperation in this area through the sharing of information between the two authorities.

Shenzhen Stock Exchange Revises The Guidelines For The Standard Operation Of Listed Companies: “Seamlessly Alignment” With The New Securities Law And Building A “Streamlined And Efficient” System Of Rules

Date 03/03/2020

The new Securities Law officially becomes effective since 1 March 2020, marking the beginning of a new historical development phase of the Chinese securities market. The new Securities Law has provided rule-of-law guarantee for the high-quality development of listed companies and presented new tasks and requirements on the standard operation of listed companies. To do well in aligning with systems and adapting to new regulatory requirements after the New Securities is implemented, further refine the regulatory system of rules for listed companies and consolidate and enhance the institutional foundation for improving the quality of listed companies, SZSE recently revised and issued the Guidelines for the Standard Operation of Listed Companies (the “Guidelines”), which was effective since March 1.

Dubai Financial Services Authority Strengthens Relationship With Isle Of Man Financial Services Authority

Date 03/03/2020

The Dubai Financial Services Authority (DFSA) has signed a new Memorandum of Understanding (MoU) with the Isle of Man Financial Services Authority (IOMFSA). The MoU replaces two previous agreements signed in February 2005. The new MoU was signed by the Chief Executive of DFSA, Bryan Stirewalt and the Chief Executive of IOMFSA, Karen Badgerow, on 2 March 202

Shenzhen Stock Exchange Weekly Bulletin 2 March, 2020 (Isssue 2)

Date 03/03/2020

We are happy to offer SZSE Market Bulletin service to friends from overseas markets who are taking a deep look at capital market’s development in China. The weekly information feed focuses on reforms and opening-up events in China’s capital market. The SZSE International Services Team will as always stand ready to respond to inquiries about market cooperation and access by international investors. We hope to have your continuous support to help us improve our services.   

US Department Of Justice: Two Chinese Nationals Charged With Laundering Over $100 Million In Cryptocurrency From Exchange Hack - Forfeiture Complaint Details Over $250 Million Stolen By North Korean Actors

Date 02/03/2020

Two Chinese nationals were charged with laundering over $100 million worth of cryptocurrency from a hack of a cryptocurrency exchange.  The funds were stolen by North Korean actors in 2018, as detailed in the civil forfeiture complaint also unsealed today.

SEC Amends Rules To Improve Disclosure And Encourage Issuers To Conduct Debt Offerings On A Registered Basis

Date 02/03/2020

The Securities and Exchange Commission adopted amendments to the financial disclosure requirements applicable to registered debt offerings that include credit enhancements, such as subsidiary guarantees. These changes are intended to both improve the quality of disclosure and increase the likelihood that issuers will conduct debt offerings on a registered basis.

Lagarde: Statement On Coronavirus

Date 02/03/2020

The coronavirus outbreak is a fast developing situation, which creates risks for the economic outlook and the functioning of financial markets. The ECB is closely monitoring developments and their implications for the economy, medium-term inflation and the transmission of our monetary policy. We stand ready to take appropriate and targeted measures, as necessary and commensurate with the underlying risks.

OCC February Total Volume Up 60.7 Percent From A Year Ago - Highest Volume Month Ever For U.S. Equity Options Industry

Date 02/03/2020

OCC, the world's largest equity derivatives clearing organization, announced today that February 2020 total cleared contract volume was 568,899,108 contracts, the U.S. equity options industry's highest month ever – up 60.7 percent from February 2019 volume and beating the previous record of 567,833,544 cleared contracts set in October 2018 by 0.19 percent. The last six trading days comprised 43 percent of total volume for February 2020, with Friday, February 28 clearing 48,963,585 contracts – the highest cleared contract volume day on record.