News Centre

UK’s Financial Conduct Authority: Customers To Be Shown How Much They Could Gain From Shopping Around For An Annuity

Date 25/11/2016

Annuity providers will be required to inform their customers how much they could gain from shopping around and switching provider before they purchase an annuity under plans announced today by the Financial Conduct Authority (FCA).

CESC Index Report For October

Date 25/11/2016

Highlights

• In October, the manufacturing PMI in China hit its highest level since July 2014. CES A80 surged 2.7 per cent.
• Hong Kong stocks lagged behind Mainland A shares. CES SCHK100 plunged 1.5 per cent.
• CES G10 had a cumulative surge of 20 per cent in the first 10 months of this year, reflecting the fact that non-gaming activities of Macau casinos have performed well.
• The connectivity test for Shenzhen Connect has been completed.
• Hong Kong-registered mutual funds marketed on the Mainland beat Mainland funds aimed at Hong Kong investors in attracting capital.
• RMB liquidity in Hong Kong, the leading offshore centre for the currency, increased from September
• Open interest in the offshore Mainland A-share index futures traded in Singapore rose 41 per cent year-on-year

Singapore Attorney-Genera, Singapore Commercial Affairs Department, Singapore Police Force, Monetary Authority of Singapore: Masterminds Behind the Manipulation of Blumont, Asiasons and LionGold Shares Charged

Date 25/11/2016

Soh Chee Wen, also known as John Soh (Soh), and Quah Su-Ling (Quah) have today been charged for orchestrating a massive fraud to manipulate the market for the shares of Blumont Group Ltd (Blumont), Asiasons Capital Limited (Asiasons) (now known as Attilan Group Ltd) and LionGold Corp Ltd (LionGold) between August 2012 and October 2013. Charges have also been tendered against Goh Hin Calm (Goh), a key accomplice of Soh and Quah. 

Towards A New Economic Union A Twenty First Century Hanseatic League? - Presentation By Alderman Professor Michael Mainelli FCCA FCSI FBCS, Executive Chairman, Z/Yen Group At The Mondo Visione Exchange Forum 2016

Date 25/11/2016

Click here to download Professor Michael Mainelli's presentation at the Mondo Visione Exchange Forum 2016.

Moscow Exchange Index Calculation Methodology Registered By The Regulator

Date 25/11/2016

The Central Bank of Russia (CBR) has registered an updated version of the Methodology of the Moscow Exchange Indices Calculation adopted by the Executive Board of Moscow Exchange on 7 October 2016.

Towards A New Economic Union - A Twenty First Century Hanseatic League? - Presentation By Judith Hardt, Managing Director, Swiss Finance Council At The Mondo Visione Exchange Forum 2016

Date 25/11/2016

Click here to download Judith Hardt's presentation at the Mondo Visione Exchange Forum 2016.

SyndicateRoom: Up To £7 Billion Of UK Wealth To Be Created Next Year From Investment In Early-Stage Companies

Date 25/11/2016

• SyndicateRoom research finds 33% CAGR (compound annual growth rate) for early-stage businesses, compared to 5% for London Stock Exchange Main Market companies 
• £25 billion available for investment into early-stage businesses next year, with investors undeterred by Brexit
• Research uncovers potential selective disclosure to the ‘Million Pound Club’
• Study also predicts that one in thirty early-stage companies will close down in 2017

Mandatory Notification Of Trades - Oslo Børs VPS Holding ASA

Date 25/11/2016

In connection with a monthly share savings plan for employees of subsidiaries, Oslo Børs VPS Holding has sold a total of 2035 shares. New holding is 13396 shares. Employees paid a share price of NOK 86,06 per share, but were allowed a discount of 20% on purchases up to NOK 625.

Canadian Securities Regulators Seek Comment On Proposed Adoption Of Multilateral Instrument 61-101 Protection Of Minority Security Holders In Special Transactions

Date 24/11/2016

The securities regulators of Alberta, Manitoba and New Brunswick (the participating jurisdictions) today published for comment proposed Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101).

EBA Launches Second Impact Assessment Of IFRS 9 On EU Banks

Date 24/11/2016

The European Banking Authority (EBA) launched today a second impact assessment of IFRS 9, which builds on the results of its first exercise published on 10 November 2016.  The EBA expects that institutions will be able to provide more detailed and accurate insights into their implementation of IFRS 9 as the information provided by the respondents in the first exercise reflected the early stage of implementation.