News Centre

Monetary Authority Of Singapore Bans Six Individuals For Fraud And Dishonest Conduct

Date 19/03/2020

The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against four former insurance agents and two former bank employees for fraud and dishonest conduct. 

SGX RegCo Provides Guidance On Holding Of General Meetings Amid COVID-19

Date 19/03/2020

Singapore Exchange Regulation (SGX RegCo) in consultation with the Accounting and Corporate Regulatory Authority and the Monetary Authority of Singapore is providing guidance on the holding of general meetings amid the COVID-19 situation. 

Monetary Authority Of Singapore Imposes Composition Penalty Of $400,000 On TMF Trustees Singapore Limited For AML/CFT Failures

Date 19/03/2020

The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $400,000 on TMF Trustees Singapore Limited (TTSL) for failure to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. These failures were identified following an inspection by MAS. TTSL has paid the composition penalty in full and taken prompt remedial actions.

Dalian Commodity Exchange Launches New Online Investment Education Mode In The Fight Against COVID-19

Date 19/03/2020

Dalian Commodity Exchange (DCE) has made full survey on the market training demand since the market opening on February 3 and joined hands with the futures associations in Jiangsu, Zhejiang and Shanghai to launch the “Futures Institute Lecture” online business training activity, which makes online lectures on DCE products, instruments and market innovation to the market in the form of public classes. Up till now, it has offered trainings to 2,000 person times including futures staff, institutions and industrial clients, providing new service guarantee for the futures industry to efficiently tackle the impact by the novel coronavirus pneumonia outbreak.

Lift In Capital-Raising Capacity To Help Buffer COVID-19 - NZX Announces Lift In Capital-Raising Capacity To Help Buffer COVID-19 - Immediate Support Measures For NZ Issuers Designed To Address “Unprecedented Impacts”

Date 19/03/2020

NZX today announced a lift in equity capital raising capacity to help NZX listed companies weather the impacts of COVID-19, along with measures to allow greater flexibility in the timeframes for financial reporting.

New Zealand Financial Markets Authority To Extend Deadline For Financial Reporting

Date 19/03/2020

The Financial Markets Authority (FMA) is providing regulatory relief to market participants to give them an additional two months to provide their audited financial statements. Due to the disruption caused by COVID-19, the FMA is taking appropriate steps to support the industry. Firms that need to provide these financial statements include listed issuers on the NZX.

Federal Reserve Board Broadens Program Of Support For The Flow Of Credit To Households And Businesses By Establishing A Money Market Mutual Fund Liquidity Facility (MMLF)

Date 19/03/2020

The Federal Reserve Board on Wednesday broadened its program of support for the flow of credit to households and businesses by taking steps to enhance the liquidity and functioning of crucial money markets. Through the establishment of a Money Market Mutual Fund Liquidity Facility, or MMLF, the Federal Reserve Bank of Boston will make loans available to eligible financial institutions secured by high-quality assets purchased by the financial institution from money market mutual funds.

Nadex Temporarily Refrains rom Listing Contracts

Date 19/03/2020

On trade date March 18, 2020, North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”), due to the activity in the underlying markets upon which the Nadex contracts are based, and pursuant to the authority granted in Rule 12.1(h) and (i), Nadex took the following actions:

• At 2:13am ET all US Indices Daily and Weekly Call Spread and Binary contracts were closed for trading due to the limit down in the underlying markets upon which the contracts are based, and reopened at 9:35am ET.

ECB Announces €750 Billion Pandemic Emergency Purchase Programme (PEPP)

Date 18/03/2020

The Governing Council decided the following:

(1) To launch a new temporary asset purchase programme of private and public sector securities to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the outbreak and escalating diffusion of the coronavirus, COVID-19.

Canadian Securities Regulators To Provide Blanket Relief For Market Participants Due To Covid-19

Date 18/03/2020

In light of recent COVID-19 developments and their impact on market participants, the Canadian Securities Administrators (CSA) will provide temporary relief from some regulatory filings required to be made on or before June 1, 2020.