News Centre

Hong Kong's Securities And Futures Commission Fully Implements Manager-In-Charge Regime

Date 17/10/2017

The Securities and Futures Commission (SFC) today announced the full implementation of the Manager-In-Charge (MIC) regime (Note 1) following a six-month transition period which ended on 16 October 2017.

Statement By IMF Managing Director Christine Lagarde On Meeting With Greece Prime Minister Alexis Tsipras

Date 17/10/2017

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, met today in Washington with the Prime Minister of Greece, Alexis Tsipras, to discuss recent developments in Greece and key issues ahead. At the conclusion of the meeting, the Managing Director made the following statement:

“I was very pleased to welcome Prime Minister Tsipras to the IMF today. I complimented him and the Greek people on the notable progress Greece has achieved in the implementation of difficult policies, including recent pension and income tax reforms. We had an excellent and productive meeting."

FINRA Orders Wells Fargo Broker-Dealers To Pay $3.4 Million In Restitution And Reminds Firms Of Sales Practice Obligations For Volatility-Linked Products

Date 16/10/2017

The Financial Industry Regulatory Authority (FINRA) announced today that it has ordered Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC to pay more than $3.4 million in restitution to affected customers for unsuitable recommendations of volatility-linked exchange-traded products (ETPs) and related supervisory failures. FINRA found that between July 1, 2010, and May 1, 2012, certain Wells Fargo registered representatives recommended volatility-linked ETPs without fully understanding their risks and features.

The MiG Report - TSX - TSX Venture Exchange

Date 16/10/2017

Canadian Securities Regulators Outline Disclosure Expectations And Certain Risks For Issuers With U.S. Marijuana-Related Activities

Date 16/10/2017

The Canadian Securities Administrators (CSA) today published CSA Staff Notice 51-352 Issuers with U.S. Marijuana-Related Activities, which among other things, outlines CSA staff’s specific disclosure expectations for issuers that have, or are in the process of developing, marijuana-related activities in the U.S.

TMX Group And Shenzhen Stock Exchange Sign Memorandum Of Understanding

Date 16/10/2017

TMX Group Limited [TSX:X] (TMX Group) and the Shenzhen Stock Exchange (SZSE) are pleased to announce the execution of a non-binding Memorandum of Understanding (MoU) pursuant to which TMX Group and SZSE agree to explore opportunities for economic cooperation with a specific focus on the technology and innovation sectors, areas that are experiencing rapid growth in both Canada and China.

SEC Proposes Rules To Implement FAST Act Mandate To Modernize And Simplify Disclosure

Date 16/10/2017

The Securities and Exchange Commission today voted to propose amendments to modernize and simplify disclosure requirements for public companies, investment advisers, and investment companies and to implement a mandate under the Fixing America's Surface Transportation (FAST) Act. The proposed amendments would make adjustments to update, streamline or otherwise improve the Commission's disclosure framework.

CFTC Announces Clearinghouse Liquidity Stress Test Results

Date 16/10/2017

Staff of the U.S. Commodity Futures Trading Commission (CFTC) today issued a report detailing the results of an evaluation of settlement liquidity at clearinghouses. The purpose of the analysis was to assess the impact of a hypothetical extreme but plausible market scenario on the ability of three clearinghouses to meet their settlement obligations on time. It is the second systemic stress testing report issued by CFTC, following its Supervisory Stress Test of Clearinghouses published in November 2016.

SEC Announces Whistleblower Award Of More Than A Million Dollars

Date 16/10/2017

The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers.  

DTCC Unveils Framework For Assessing Fintech's Impact On Financial Stability In New White Paper - Fintech Could Materially Change The Risk Landscape In The Years To Come In Either Positive Or Negative Ways

Date 16/10/2017

As experimentation and development of new fintech applications continues to grow, The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today unveiled a new framework of nine key factors to assess when considering its impact on financial stability.