News Centre

Hong Kong's Securities And Futures Commission And China Securities Regulatory Commission Hold Working Meeting On Enforcement Cooperation And Joint Training

Date 15/12/2017

The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) recently held the fifth regular high-level meeting on enforcement cooperation since the establishment of the enforcement cooperation mechanism under Stock Connect.  

MiFID II: ESMA Updates On Commodity Derivatives

Date 15/12/2017

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding commodity derivatives under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). This update relates to position limits and position reporting.

ACER Publishes A No-Action Letter To Further Extend The Relief Reporting Contacts Upon The Request Of The Agency

Date 15/12/2017

The Agency published yesterday a No-action Letter, thus extending the relief on the requirement to report, upon the Agency’s reasoned request, the contracts and details of transactions in relation to the contracts listed in the European Commission Implementing Regulation on data reporting on wholesale energy market integrity and transparency:

• Intragroup contracts.
• Contracts for physical delivery of electricity produced by a single production unit with a capacity equal to or less than 10 MW or by production units with a combined capacity equal to or less than 10 MW.
• Contracts for the physical delivery of natural gas produced by a single natural gas production facility with a production capacity equal to or less than 20 MW.
• Contracts for balancing services in electricity and natural gas.

Latest Charles Li Direct: Shaping The Future Of Our IPO Market - HKEX Chief Executive Charles Li

Date 15/12/2017

HKEX Chief Executive Charles Li has published his latest blog on listing reform in Hong Kong, where he makes the case for changes to the Main Board to welcome new economy companies with weighted voting rights structures and pre-revenue firms from the biotech and life sciences sectors. Li says the changes are necessary to make the Hong Kong capital market more reflective of the drivers of the new global economy, and ensure Hong Kong’s relevance and competitiveness.

SIX: Legal Certainty For "Terravis" Electronic Land Information System

Date 15/12/2017

In their concluding vote on 15 December 2017, Swiss legislators approved the planned amendment to the Swiss Civil Code (ZGB) on the modernisation and digitalisation of the Swiss civil registry and the land registry. SIX welcomes this decision as it creates legal certainty for the existing "Terravis" electronic land information system operated by SIX to which 14 Swiss cantons are already linked up. From the perspective of SIX, this decision also sends out a positive signal for Switzerland's eGovernment strategy and for entrepreneurs in the private sector wishing to offer self-funded solutions at the interface between the public and private sectors.

Trading Charity At Börse Frankfurt Brings In 135,000 Euros For Two Frankfurt Organisations - Deutsche Börse And Specialists Donate Their Saint Nicholas Day Exchange Fees To “Hilfe für krebskranke Kinder Frankfurt e.V.” (Children's Cancer Society) And “Frankfurter Förderverein zur Bekämpfung von Tumorerkrankungen (FFBT)” (Tumour Patient Support Society)

Date 15/12/2017

Deutsche Börse and the specialists active on the Frankfurt trading floor today announced the proceeds raised from the “Trading Charity – Handeln und Helfen” (Trade and Help) event on the Frankfurt stock exchange floor – a grand total of €135,000. Deutsche Börse will donate €75,000 of this amount to the “Hilfe für krebskranke Kinder Frankfurt e.V.” and the specialists €60,000 to “Frankfurter Förderverein zur Bekämpfung von Tumorerkrankungen”. After accepting the funds, representatives from the two organisations opened trading on the Frankfurt stock exchange trading floor by ringing the traditional bell.

HKEX Proposes Way Forward To Expand Hong Kong’s Listing Regime

Date 15/12/2017

• Clear consensus on expanding listing regime to ensure Hong Kong remains competitive
• Strong support for measures to help attract more listings by innovative companies
• Exchange to consult market on rule changes to facilitate listings from three key groups
• HKEX Chief Executive Charles Li blogs about the proposed changes to the listing regime, why they’re important, and how they will make Hong Kong more relevant and more competitive.  (Includes video)

UK's Financial Conduct Authority Publishes Feedback Statement On Distributed Ledger Technology

Date 15/12/2017

The Financial Conduct Authority (FCA) has today published feedback on its Discussion Paper on Distributed Ledger Technology (DLT).

Bank Of England: Minutes Of The Working Group On Sterling Risk-Free Reference Rates - November 2017

Date 15/12/2017

HKEX: Exchange Publishes GEM Consultation Conclusions And Changes To GEM And Main Board Listing Rules

Date 15/12/2017

• GEM and Main Board listing requirements will be aligned more closely
• GEM will become a standalone market for small and mid-sized companies instead of a stepping stone to the Main Board