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  • Barbican Insurance Group Partners With FICO To Enhance Cyber Underwriting - Barbican Will Use The FICO Enterprise Security Score In Underwriting Decisions, And Provide Subscriptions To Policy Holders To Promote Ongoing Cyber Risk Reduction

    Date 17/01/2018

    • Barbican Insurance Group has selected the FICO® Enterprise Security Score as its predictive analytic measure of cybersecurity risk for breach insurance underwriting.
    • The partnership will also provide Barbican's insureds with access to the FICO® Enterprise Security Score Portrait product, enabling continual cyber risk mitigation.
    • In addition, Barbican will offer premium credit to all of its cyber policy holders that subscribe to the Enterprise Security Score.

  • Abu Dhabi Securities Exchange (ADX) Signs Memorandum To Support Adoption Of Distributed Ledger Technology

    Date 17/01/2018

    • ADX will collaborate with key global stakeholders to determine the common standards and principle for implementation of and advancing Blockchain enabled use cases such as proxy voting and digital assets
    • Collaboration will yield greater efficiency in clearing and settlement operations, enhance capital market transactions processing, and protect investors and financial markets
    • ADX is the first market in MENA region to sign an agreement of this kind
    • ADX continues track record of securities innovation, which enabled ADX to become member of the World Federation of Exchanges (WFE) and the International Securities Services Association(ISSA)

  • Shanghai Stock Exchange, CSDC Revise Rules For Trading Business Of Collateralized Repo Of Stocks

    Date 17/01/2018

    With the approval of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE) and China Securities Depository and Clearing Co., Ltd. (CSDC) have revised the “Measures for Trading, Depository and Clearing Businesses of Collateralized Repo of Stocks (for Trial Implementation)” (the “Trial Measures” for short), and issued the “Measures for Trading, Depository and Clearing Businesses of Collateralized Repo of Stocks (Revised in 2018)” (the “Business Measures” for short) on January 12, 2018, which shall come into effect starting on March 12, 2018.

  • Dalian Commodity Exchange Officially Investigated 16 Violations In 2017

    Date 17/01/2018

    In the fourth quarter of 2017, Dalian Commodity Exchange (DCE) continued to crack down on all kinds of violations, including 92 cases of unusual transactions, of which 41 were self-trade, 47 were frequently placing and cancelling orders and 4 were violating position limit by related accounts under common control, and 15 cases of violating position limit for hedging during trading session, banning 17 clients from opening positions temporarily, and disqualifying 1 client for hedging exemption. A total of 36 violation clues were treated, including 14 cases of transferring funds through matched orders, and 22 cases of self-trade or wash trade affecting the prices of the inactive contracts, with 1 case reported to the China Securities Regulatory Commission (CSRC) for investigation. In addition, DCE intensified the inspection of the related accounts under common control by including 381 accounts in 144 groups in the list of special monitoring, issuing 176 inquiry letters of market inspection, and identifying and urging 280 clients in 108 groups to declare the relationship of common control.

  • Shanghai Stock Exchange Issues Q & A On Detailed Rules For Shareholding Lessening By Shareholders, Directors, Supervisors, Senior Executives Of Listed Companies

    Date 17/01/2018

    On May 27, 2017, the China Securities Regulatory Commission (CSRC) released the "Some Provisions on Shareholding Lessening by Shareholders, Directors, Supervisors and Senior Executives of Listed Companies" (CSRC Announcement [2017] No. 9 Document, hereinafter referred to as "Announcement No. 9"), and the Shanghai Stock Exchange (SSE) issued the supportive "Detailed Implementation Rules of SSE for Shareholding Lessening by Shareholders, Directors, Supervisors and Senior Executives of Listed Companies" (the "Detailed Rules" for short). As an important part of the construction of the fundamental system for the securities market and an essential measure for the "law-based, all-around and strict" regulation, the Detailed Rules is of great and far-reaching significance in guiding rational investment, protecting investors' rights and interests and maintaining the market order. Since the implementation of the Detailed Rules, the shareholders, directors, supervisors and senior executives have reduced their shareholding in an orderly and transparent way, and the shareholding lessening has been stable in the market on the whole; The loophole in the "bridge-crossing" shareholding lessening (Some major shareholders transfer shares by way of block trading, and then relevant receivers sell the shares on the secondary market) has been mended in the block trade, with the average daily shareholding lessening in the block trade at RMB220 million on the SSE, down by 41% from the daily average of RMB370 million before the implementation of the Detailed Rules; the "reckless" shareholding lessening by the directors, supervisors and senior executives has been alleviated, with the average daily shareholding reduction by directors, supervisors and senior executives at RMB12 million after the implementation of the Detailed Rules, shrinking by 31.42% compared with the daily average of RMB17 million before the implementation.