Apple Inc. (AAPL.O), S&P 500’s largest constituent, has been in a great struggle these days with slowing demand for its iPhones in China. Although Apple’s stock gained 1.98% on Thursday (biggest one-day rise since May), it is still down 26% from its own record high close of $133 set on February 23, 2015. On the…
Read moreThe Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has published a report summarising key findings from its review of 100 periodic financial reports released by listed issuers (issuers) between March 2015 and April 2016. David Graham, HKEX's Chief Regulatory Officer and Head of…
Read moreThe Financial Markets Authority (FMA) has elected to discontinue the proceeding against equity firm Archer Capital (Pty) Limited (Archer) and Healthcare Industry Limited (HIL). The defendants, Archer and HIL, have accepted that the FMA was justified in investigating the conduct that is the subject of this claim. The FMA has concerns about market practice in…
Read moreSingapore Exchange (SGX) has announced that its securities market will open per normal on July 15, following a market disruption yesterday. At 0938 hours on July 14, 2016, a technology issue affecting SGX’s trade confirmation processes was identified, and a cutover from the primary to secondary trade confirmation systems has been initiated at 1012 hours. Trade confirmations resumed…
Read moreThe Ontario Securities Commission (OSC) has launched the Office of the Whistleblower, the first paid whistleblower program by a securities regulator in Canada. The OSC also published OSC Policy 15-601 Whistleblower Program, which outlines the program’s eligibility criteria and reflects input received from stakeholders on the program. The OSC’s whistleblower program offers compensation of up…
Read moreHong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read moreThe former CEO of collapsed debenture issuer, Wickham Securities Ltd, has pleaded guilty to various charges brought by ASIC, including fraud. Garth Peter Robertson appeared in the Brisbane District Court and pleaded guilty to: • 10 counts of dishonestly obtaining property totalling $761,504 from Wickham Securities between December 2010 and November 2012; • one count…
Read moreThe Johannesburg Stock Exchange has settled its first T+3 settlement cycle with no failed or “rolled” trades, thus confirming a successful implementation of the T+3 project. On Monday 11 July, South Africa’s financial markets went live with a shorter three-day settlement cycle, (referred to as T+3) to align the South African market with international best practice…
Read moreThe Central Bank of Russia (CBR) has officially recognised Moscow Exchange's USD/RUB FX Fixing and Moscow Exchange's operational performance as fixing administrator as being of satisfactory quality. The CBR also the fixing`s compliance with the Bank`s requirements, which are based on the International Organization of Securities Commissions (IOSCO) principles for financial benchmarks. In March 2016,…
Read moreThe Tokyo Commodity Exchange Inc. (TOCOM) has announced today that July 25th will be the start date of new Gold Physical Transaction, pending regulatory approval. Gold is the most actively traded commodity at the Exchange with both futures and options contracts listed. Simultaneously, TOCOM will introduce a delivery at settlement option for the Gold Rolling…
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