News Centre

Global X Expanding Thematic ETF Range With China Biotech Innovation ETF (CHB) Tracking A Solactive Index

Date 25/09/2020

Solactive is proud to present the launch of a thematic index providing targeted exposure towards the rapidly growing Chinese biotechnology sector. The Solactive China Biotech Innovation Index aims to track the individual performance of twenty-seven of the largest and most liquid Chinese companies active in the field of Biotechnology. Global X in the USA utilizes this index for the issuance of an ETF delivering efficient access to a theme and industry characterized by high growth potential at the forefront of technological progress, biological advancement, and applied product development.

CFTC And 30 States Charge Los Angeles Precious Metals Dealers In Ongoing $185 Million Fraud Targeting The Elderly - Largest Joint Filing Between CFTC And State Regulators In History

Date 25/09/2020

The Commodity Futures Trading Commission and 30 state regulators that are members of the North American Securities Administrators Association (NASAA) announced the filing of a joint civil enforcement action in the U.S. District Court for the Northern District of Texas against two precious metals dealers and their companies for perpetrating a $185 million fraudulent scheme targeting elderly persons nationwide.

ESMA Reports Decrease In Prospectus Activity For 2019

Date 25/09/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator reports, in its Annual Report on prospectus activity, that in 2019 the number of prospectus approvals across the European Economic Area (EEA) decreased to 3,113 from 3,390 a fall of 8% compared to 2018. This decrease continues the downward trend observed since the 2008 

FSB Holds Virtual Roundtable On External Audit

Date 25/09/2020

The Financial Stability Board (FSB) held the 2020 Roundtable on External Audit on 23 September. Jeremy Rudin, Superintendent of Canada’s Office of the Superintendent of Financial Institutions, chaired the virtual meeting. Participants comprised senior representatives from FSB member authorities, audit oversight bodies, the International Forum of Independent Audit Regulators (IFIAR), the Committee of European Auditing Oversight Bodies, the International Auditing and Assurance Standards Board and its oversight body the Public Interest Oversight Board, and the six largest global audit networks (“the global networks”).

ESMA Consults On Fees For Benchmarks Administrators

Date 25/09/2020

LEI ROC To Become Governance Body For OTC Derivatives Identifiers

Date 25/09/2020

The Financial Stability Board (FSB) today confirmed the Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System as the International Governance Body (IGB) for the globally harmonised identifiers used to track over-the-counter (OTC) derivatives transactions.

Trafigura's Proposal For An IMO-Led Global Shipping Industry Decarbonisation Programme

Date 25/09/2020

Trafigura, one of the world’s largest ship charterers, proposes that the International Maritime Organisation introduces a carbon levy of between USD250 and USD300 per metric tonne of CO2 equivalent on shipping fuels, in order to make zero- and low-carbon fuels more economically viable and more competitive.

ESMA Consults On OTF Regime

Date 25/09/2020

Chief Executive Of City Hive Calls Out Investment Management Industry Leadership For Greenwashing Diversity And Inclusion

Date 25/09/2020

Today, Bev Shah, Chief Executive of City Hive, the independent organisation dedicated to creating a more diverse, equitable and inclusive corporate culture, sent a letter to Chief Executives across the investment management industry highlighting the lack of real, genuine action by the sector and its leadership to prioritise diversity and inclusion.

TMX Group Announces Agreement To Acquire AST Trust Company (Canada) - Canada's Premier Exchange Group To Expand Its Presence In The Transfer Agency And Corporate Trust Business

Date 25/09/2020

TMX Group Limited (TMX Group) today announced it has entered into an agreement to acquire AST Investor Services Inc. (Canada), and its subsidiary AST Trust Company (Canada), a leading provider of transfer agency, corporate trust and related services to Canadian public and private companies from a subsidiary of Armor Holdco, Inc. (Armor), a portfolio company of Pacific Equity Partners (PEP), for $165 million in total consideration, which includes $30 million of cash for regulatory and non-regulatory purposes, subject to customary closing conditions and working capital adjustments.