News Centre

SEC Charges Telecommunications Expense Management Company With Accounting Fraud

Date 04/09/2018

The Securities and Exchange Commission today charged a telecommunications expense management company for its use of fraudulent accounting practices that artificially boosted company revenues between 2013 and 2015.  Four former members of the company’s senior management team were also charged for their roles in the alleged misconduct.

SEB Leverages DTCC ALERT’s Regional Custodian Workflow To Manage SSIs

Date 04/09/2018

• Firm joins over 3,000 clients around the world who now leverage ALERT

SEC: Sanofi Charged With FCPA Violations

Date 04/09/2018

The Securities and Exchange Commission today announced that Paris-based pharmaceutical company Sanofi has agreed to pay more than $25 million to resolve charges that its Kazakhstan and the Middle East subsidiaries made corrupt payments to win business.

Federal Financial Regulatory Agencies Extend Comment Period For Proposed Rule Simplifying And Tailoring The “Volcker Rule”

Date 04/09/2018

Five federal financial regulatory agencies on Tuesday extended until Oct. 17, 2018, the comment period for a proposed rule to simplify and tailor compliance requirements for the “Volcker rule.” The Volcker rule generally restricts banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity funds. 

EEX: Keeping Energy And Emissions Markets Protected From VAT Fraud

Date 04/09/2018

To protect EU energy and emissions markets from VAT fraud, 18 representative associations of the energy sector are calling on EU institutions to confirm the extension of the derogation for a domestic  reverse charge mechanism for electricity, gas and emission allowances of the VAT Directive. Should the derogation not be prolonged by the Council before the end of the year, Member States will no longer be able to use the mechanism to prevent VAT fraud in these markets

Bursa Malaysia Securities Publicly Reprimands China Automobile Parts Holdings Limited And 3 Directors And Fines 3 Directors

Date 04/09/2018

Bursa Malaysia Securities Berhad (635998-W) (“Bursa Malaysia Securities”) has publicly reprimanded China Automobile Parts Holdings Limited (“CAP” or “the Company”) and its 3 directors for breaches of the Bursa Malaysia Securities Main Market Listing Requirements (“Main LR”).  In addition, the 3 directors of CAP were also imposed total fines of RM1,523,300 as at to-date.

DO & CO To Replace PORR In Austrian Leading Index ATX

Date 04/09/2018

Today’s review of the index composition results in the following changes according to the index rules: The catering company DO & CO Aktiengesellschaft will replace the construction company PORR AG in the Austrian leading index ATX. DO & CO qualifies for inclusion in the index due to the higher order book turnover and the free float capitalization in the current period. The new index composition of the ATX will take effect as of Monday, 24 September 2018.

OCC Cleared Contract Volume Up 10 Percent In August

Date 04/09/2018

• Total cleared volume up 19 percent year-to-date
• Equity options volume up 17 percent in August and up 22 percent year-to-date
• Securities lending activity up 17 percent in August and 21 percent year-to-date

Moscow Exchange Trading Volumes In August 2018

Date 04/09/2018

Total trading volume across Moscow Exchange’s markets was RUB 79.5 trln in August 2018.

MGEX Reports August 2018 As The Fourth Best Month Of All-Time

Date 04/09/2018

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), welcomes August 2018 into the fourth position on the Total Monthly Exchange Volume record list with 275,743 contracts.