News Centre

ASIC Grants Relief To Industry To Provide Affordable And Timely Financial Advice During The COVID-19 Pandemic

Date 14/04/2020

ASIC has today announced three temporary relief measures that will assist industry in providing consumers with affordable and timely advice during the COVID-19 pandemic.

Q&A On Shanghai Stock Exchange Releasing “SSE Detailed Implementation Rules For Shareholding Lessening By Shareholders Of Companies Listed On SSE STAR Market Through Non-Public Transfer And Allotment (Draft)”

Date 14/04/2020

Recently, the Shanghai Stock Exchange (SSE) has completed the drafting of the "SSE Detailed Implementation Rules for Shareholding Lessening by Shareholders of Companies Listed on SSE STAR Market through Non-public Transfer and Allotment (Draft)" (the "Detailed Implementation Rules" for short), and made them public to solicit opinions in the market. An SSE official has answered questions about the drafting background, logic and main institutional arrangements for the “Detailed Implementation Rules".

SEC Charges Former Financial Services Executive With FCPA Violations

Date 13/04/2020

The Securities and Exchange Commission today charged a former executive of a financial services company with orchestrating a bribery scheme to help a client to win a government contract to build and operate an electrical power plant in the Republic of Ghana in violation of the Foreign Corrupt Practices Act (FCPA). 

IMF Executive Board Approves Immediate Debt Relief For 25 Countries

Date 13/04/2020

Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) issued the following statement:

“Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic."

MIAX Options Exchange - SPIKES Special Settlement Auction Settlement Reference Price Opening Width And Valid And Priority Quote Width Tables Used In The April 15, 2020 SPIKES Special Settlement Auction

Date 13/04/2020

Due to sustained market volatility, MIAX Options will continue to use the Settlement Reference Price Opening Width and Valid and Priority Quote Width tables detailed in MIAX Regulatory Circular 2020-11 for opening the SPY May 15, 2020 options used in the April 15, 2020 SPIKES Special Settlement Auction.

Nodal Exchange Successfully Migrates Natural Gas Open Interest From Nasdaq Futures, Inc.

Date 13/04/2020

Nodal Exchange announced today that it successfully migrated natural gas futures and options contracts open interest from Nasdaq Futures, Inc. (NFX) to Nodal Clear, Nodal Exchange’s clearing house, pursuant to the agreement announced in November 2019 whereby Nodal purchased core assets of NFX’s futures and options exchange business. 818,737,500 million British Thermal Units (MMBtu) were migrated this morning to Nodal Exchange.  This is the energy equivalent of 240 million MWh and represented about 94,000 lots.  Nodal Exchange previously migrated 91 million MWh of power futures and options on February 6, 2020 which represented all of the NFX North American power open interest (except for current month expiries by design).

Nadex Refrains From Listing Certain Contracts And Delays Listing Initial Jobless Claims Binary Contracts

Date 13/04/2020

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(i), Nadex took the following actions:  

• No Daily, Weekly or Intraday Natural Gas Binary contracts will be listed for the week of April 13, 2020;

• No Weekly FTSE 100 or Germany 30 Binary contracts will be listed for the week of April 13, 2020.

Natasha Guinan Named Chief Counsel, SEC Office Of The Chief Accountant

Date 13/04/2020

The Securities and Exchange Commission today announced that Natasha Guinan has been named Chief Counsel, Office of the Chief Accountant (OCA).

New York State Department Of Financial Services Superintendent Linda A. Lacewell Announces Athene Holding Ltd. To Pay $45 Million To New York State For Unlicensed Pension Risk Transfer Business - Athene’s Pension Risk Transfer Business Solicited Business In New York And Placed Group Annuity Contracts With An Unlicensed Athene Subsidiary - Settlement Is DFS’ First Enforcement Action In The Pension Risk Transfer Market, Part Of Ongoing, Industry-Wide Investigation

Date 13/04/2020

Superintendent of Financial Services Linda A. Lacewell announced today that Athene Holding Ltd. will pay a $45 million penalty to New York State for New York Insurance Law violations related to its subsidiary Athene Annuity & Life Company (“Athene”) and its pension risk transfer business. The New York State Department of Financial Services (DFS) uncovered that Athene solicited and did insurance business in New York without a license.

Simplifile Processes Its 100 Millionth Document For E-recording - Adds Over 2,400 New Submitters In March 2020

Date 13/04/2020

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that Simplifile processed its 100 millionth document on April 1 and added more than 2,400 new submitters in March 2020. Simplifile is part of ICE Mortgage Services, which applies technology and high-capacity infrastructure to make the mortgage process electronic and more efficient.