The European Securities and Markets Authority (ESMA) announced that it has decided to delay the publication of the data on the double volume cap (DVC) mechanism for January 2018. The current quality and completeness of the data does not allow for a sufficiently meaningful and comprehensive publication of double volume cap calculations, as required under…
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The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published a position paper summarising the WFE’s current views on FinTech and the regulatory environment surrounding it. The purpose of the paper - entitled FinTech in the Market Infrastructure Space - is to support ongoing compliance…
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On January 8th, a high-level conference was held in Beijing between Shenzhen Stock Exchange (SZSE) and China Railway Corporation, where both parties entered into a strategic cooperation agreement. Wu Lijun, Secretary of the Party Committee and Chairman of the Administrative Committee of SZSE, and Lu Dongfu, Secretary of the Party Committee and General Manager of…
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The Nova Scotia Securities Commission (NSSC) announced that it has issued a cease trade order against West Nova Agro Commodities Ltd. According to NSSC, the company, a Nova Scotia community economic development corporation, violated securities laws by failing to file continuous disclosure documents. The director of corporate finance ordered West Nova Agro Commodities Ltd. to…
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The European Securities and Markets Authority (ESMA) has issued today a first badge of position management controls under the Markets in Financial Instruments Directive (MiFID II). MiFID II requires Member States to ensure that an investment firm or a market operator operating a trading venue which trades commodity derivatives apply position management controls. Investment firms or…
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Hong Kong’s securities and derivatives markets informed that it has set several new records in 2017 after an active and busy year, according to full year market statistics released today (Tuesday) by Hong Kong Exchanges and Clearing Limited (HKEX). The market capitalisation of the securities market reached $33,998.8 billion on the last trading day of…
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The Hong Kong Securities and Futures Commission (SFC) informed that it has reprimanded Mr Wu Hon Cheung, a former account executive of Sun Hung Kai Investment Services Limited (Sun Hung Kai), and fined him $50,000 for failing to keep proper records of a client’s order instructions, in breach of the Code of Conduct. The SFC…
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Recently, China Securities Regulatory Commission (CSRC) announced that it has granted permission to the public issuance of the Belt and Road Cooperate Bond of Puluosi Luohua China Overseas Holdings (Hong Kong) Co., Ltd. (Puluosi Belt and Road Bond) following the pre-approval of the issuance by Shenzhen Stock Exchange (SZSE), marking the launch of the first…
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The Financial Industry Regulatory Authority (FINRA) today released its 2018 Regulatory and Examination Priorities Letter, highlighting topics that FINRA will focus on in the coming year, including new and ongoing areas of focus. The Priorities Letter – alongside FINRA’s 2017 Examination Findings Report – serves as a resource for broker-dealers to enhance their compliance, supervisory…
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The Financial Conduct Authority (FCA) announced that it has imposed a financial penalty of £250,000 on former Royal Bank of Scotland (RBS) interest rate derivatives trader, Neil Danziger, and prohibited him from performing any function in relation to any regulated financial activity. Mr Danziger formerly worked at RBS trading products referenced to Japanese Yen (JPY)…
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