News Centre

Dubai Financial Services Authority Signs FinTech Agreement With Japan’s Financial Services Agency

Date 27/09/2018

With its continued efforts to encourage the adoption of technological advancements in the market, the Dubai Financial Services Authority (DFSA) entered yesterday into an Exchange Of Letters with the Financial Services Agency of Japan (FSA) to cooperate in the development of financial technology (FinTech). The cooperation framework reflects efforts by both authorities to foster innovation in the Dubai International Financial Centre (DIFC) as well as in Japan.

HKFE Announces Revised Margins For Futures Contract

Date 27/09/2018

Please be advised that pursuant to Exchange Rule 617(d) and HKCC Rule 402, the Exchange and the Clearing House have determined that with effect from the commencement of trading on Tuesday, 2 October 2018, the margin levels of the following Futures Contracts shall be as follows.

Nasdaq Dubai Welcomes USD 1.3 Billion Sukuk Listing By Islamic Development Bank

Date 27/09/2018

Nasdaq Dubai has welcomed the listing of a 1.3 billion US dollar Sukuk by Islamic Development Bank (IDB), which is now the largest Sukuk issuer by value on the exchange at 11.8 billion US dollars in total.

Japan's Financial Services Agency: Exchange Of Letters For Cooperation Framework On FinTech With The Dubai Financial Financial Services Authority (DFSA)

Date 27/09/2018

1. The Financial Services Agency (FSA) exchanged the Letters for Cooperation Framework on FinTech with the Dubai Financial Services Authority (DFSA) on September 26, 2018.
2. This Cooperation Framework recognises the global nature of innovation in financial services and intends to enhance the relationship with DFSA on FinTech.

FTSE Annual Country Classification Review

Date 27/09/2018

Headlines

• China A to be assigned Secondary Emerging market status commencing June 2019 •
• Iceland to be assigned Frontier market status in September 2019 
• Romania to be retained on the Watch List as a Frontier market 
• New additions to the Watch List: Argentina, Tanzania, Vietnam

STOXX Licenses The EURO STOXX® Multi Premia® Index To Credit Suisse Asset Management (Switzerland) Ltd. - Equity Risk Premia Methodology With An Academic Foundation

Date 27/09/2018

STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, has licensed the EURO STOXX Multi Premia Index to Credit Suisse Asset Management as an underlying for an index fund. The index integrates the academic, research-based Multi Premia® methodology developed by Finreon, a spin-off from the University of St. Gallen in Switzerland.

ESMA To Publish New Data Completeness Indicators For Trading Venues

Date 27/09/2018

The European Securities and Markets Authority (ESMA) has today announced details of two new data completeness indicators for trading venues detailing the delivery of double volume cap (DVC) and bond liquidity data. The two indicators – the Completeness Ratio and the Completeness Shortfall – will assist trading venues in delivering complete and accurate data on a timely basis, by providing performance information on the timeliness and completeness of their data provision. The indicators will be published for the first time on 8 October for DVC data and by 1 November for bond liquidity.

Securities Commission Malaysia Revokes Licences Of Two Individuals

Date 27/09/2018

The Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licences (CMSRLs) of two individuals, namely Ewe Lay Peng (Ewe) and Tan Yee Chee (Tan).

Japan Financial Services Agency Official Is Appointed As The Chair Of The IOSCO Committee On Issuer Accounting, Audit And Disclosure (Committee 1)

Date 27/09/2018

The International Organization of Securities Commissions (IOSCO), the international body that brings together the world's securities regulators, appointed Mr. Makoto Sonoda, Director for International Accounting and Director for International Capital Market Regulation of the Financial Services Agency (FSA), as the next Chair of the IOSCO Committee on Issuer Accounting, Audit and Disclosure (a.k.a. Committee 1) (*) for a 2-year term from October 2018 (eligible for reappointment) .

FTSE Russell Promotes China A Shares To Emerging Market Status

Date 27/09/2018

• Reflects ongoing progress by China toward market reforms and increased access for global investors
• China A Shares to be included in phased timeline, starting from June 2019
• Eligible large, mid and small cap designated stocks from the FTSE China A Stock Connect All Cap Index
• China A Shares will represent c. 5.5%* of FTSE Emerging Index once fully implemented in Phase 1
• FTSE Russell has consulted on a new country classification framework for global fixed income benchmarks; China government bonds to be added to the Watch List