News Centre

The 20th African Securities Exchanges Association (ASEA) General Meeting (AGM) And Conference

Date 29/11/2016

The African Securities Exchanges Association (ASEA or the Association) held its 20th Annual General Meeting (AGM) on Sunday 27, November where the election of officers took place. Mr. Oscar N. Onyema, OON Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NGX) and Mr. Karim Hajji CEO Casablanca Stock Exchange were re-elected as the President and Deputy President of ASEA respectively. The re-election of the President and his Deputy follows a term of two (2) years since their first appointment in 2014 in those capacities. The AGM was attended by 16 Member Exchanges and two (2) Associate Members.

Mark Skilton, Professor Of Practice At Warwick Business School Comments On BT Being Ordered To Legally Split From Openreach By Ofcom

Date 29/11/2016

Commenting on the news BT has been ordered to legally split from its Openreach division, Mark Skilton, a Professor of Practice at Warwick Business School and an expert on telecoms and the Internet of Things, has made the following statement:

"The BT Group argue they are investing in this critical national infrastructure powering the digital economy for all industries, yet questions over how to build this faster and with more coverage across the nation have been part of a constant battle."

HKFE Announces Revised Margins For Futures Contracts

Date 29/11/2016

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 Thursday, 1 December 2016, the margin levels of the following Futures Contracts shall be as follows: 

The Royal Mint And CME Group To Launch Royal Mint Gold - Partnership To Build Digital Gold Product On Blockchain To Be Available In 2017

Date 29/11/2016

The Royal Mint, the world's leading export mint, and CME Group, the world's leading and most diverse derivatives marketplace, today announced a collaboration to transform the way that market participants can trade gold.

Notice On Issuing “Shanghai Stock Exchange Guidance For Business Management On Split-capital Funds”

Date 29/11/2016

To strengthen the business management on split-capital funds and protect the legitimate rights and interests of investors, the Shanghai Stock Exchange (SSE) formulated the “SSE Guidance for Business Management on Split-capital Funds” (the “Guidance” for short). Approved by the China Securities Regulatory Commission (CSRC), the “Guidance” is hereby issued and the related matters are notified as follows:

1. The “Guidance” shall come into effect as of May 1, 2017. After the enforcement of the “Guidance”, the investors without permissions for split-capital funds will not be able to buy split units of split-capital funds and partition basic units of split-capital funds. Investors who have split units of split-capital funds but without the related permissions may continue to hold or sell the units of split-capital funds currently held by them at their discretion.

UK Communications Regulator Ofcom Update On Plans To Reform Openreach (Division Of BT Group)

Date 29/11/2016

Ofcom has today announced that it is proceeding with a formal notification to require the legal separation of Openreach from BT, after BT failed to offer voluntary proposals that address our competition concerns.

UK Financial Conduct Authority Launches Call For Input On High-Cost Credit And Overdrafts

Date 29/11/2016

The Financial Conduct Authority (FCA) has today announced that it is seeking evidence and feedback to further inform its work on high-cost credit, including a review of the payday loan price cap.

Shanghai Stock Exchange Guidance For Business Management On Split-Capital Funds Released

Date 29/11/2016

Upon approval by the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE) has recently released the “SSE Guidance for Business Management on Split-capital Funds” (the “Guidance” for short). As a major system arrangement for ensuring sound operation of the fund market, the “Guidance”, with the ideas of “let the buyers beware” and “let the sellers perform their duties”, specifies the investor suitability arrangement of the split-capital funds’ secondary market, the requirements for investors to sign “Risk Disclosure Statement of Investment in Split-capital Funds”, and the risk alert arrangement for fund mangers and securities companies.

Shenzhen Stock Exchange Market Bulletin 28 November, 2016, Issue 40

Date 29/11/2016

China's Ministry of Finance will support treasury bond market makers by buying or selling bonds when there is a glut or short supply in the market. The move will ensure the continuous operation of the secondary market, promote coordinated development of the primary and secondary market and further raise liquidity. After consulting the central bank, the MOF decided to conduct the support once in a month at most with a fixed quota in the initial stage.

Intercontinental Exchange Announces Appointment Of Lee Yi Shyan As Chairman Of ICE Futures Singapore And ICE Clear Singapore

Date 29/11/2016

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced the appointment of Lee Yi Shyan as Chairman of ICE Futures Singapore (IFSG) and ICE Clear Singapore (ICSG) effective as of November 24 2016.