Category: Financial Services

July 31, 2017 BY Valentina Kirilova

Securities Commission reprimands Telent Outdoor, bans two HK citizens for life

Securities Commission Malaysia (SC) has reprimanded a China-based sports equipment company, Telent Outdoor (Hong Kong) Technology Co. Ltd (Telent), and imposed a permanent moratorium on two of its directors for submitting false information. Hui Tang Tat and his father, Hui Chi Keung, are the Executive Director and Managing Director of Telent respectively. The individuals, both…

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July 31, 2017 BY Valentina Kirilova

CBOE Holdings declares increased Q3 2017 dividend

CBOE Holdings, Inc. (NASDAQ: CBOE) has announced its Board of Directors declared an increased quarterly cash dividend of $0.27 per share of common stock for the third quarter of 2017, representing an 8 percent increase compared with the prior quarter’s dividend of $0.25 per share. The third-quarter dividend is payable on September 15, 2017, to…

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Euronext reports strong results in 2018
July 28, 2017 BY Valentina Kirilova

Euronext publishes strong second quarter 2017

Along with the announcement of  the launch of the Morningstar Eurozone 50 IndexSM and Morningstar Developed Markets Europe 100 IndexSM, Euronext has today released its results for the second quarter of 2017. Strong quarter, with improved cash and derivatives volumes: Revenues up +3.8% compared to Q2 2016, to €137.3 million (Q2 2016: €132.3 million) Cash…

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July 28, 2017 BY Valentina Kirilova

FTSE Russell confirms compliance with IOSCO Principles

FTSE Russell announced that it has published its latest annual Statement of Compliance with the recommendations made by the International Organization of Securities Commissions (IOSCO), as laid out in the Principles for Financial Benchmarks published in July 2013 (the IOSCO Principles). The IOSCO Principles aim to promote the reliability of benchmarks addressing issues surrounding governance;…

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July 28, 2017 BY Valentina Kirilova

Canadian securities regulators publish guidance on conflict of interest transactions

The securities regulatory authorities in Ontario, Québec, Alberta, Manitoba and New Brunswick (the participating jurisdictions) today published CSA Multilateral Staff Notice 61-302 Staff Review and Commentary on Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. The notice outlines the approach used to review material conflict of interest transactions, including insider bids, issuer…

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DFSA
July 28, 2017 BY Valentina Kirilova

Insider dealer ordered to pay $15.6 million to investors

The Court of First Instance has ordered Ms Sun Min to pay the restoration amount of $15,629,341 to 51 investors affected by her insider dealing in China Huiyuan Juice Group Limited (Huiyuan) shares, Hong Kong Securities and Futures Commission (SFC) just announced. The Court order granted on 17 July 2017 was made under section 213(2)(b)…

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Regulation
July 28, 2017 BY Valentina Kirilova

Richmond Club corrects revenue recognition

ASIC has noted the decision by Richmond Club Limited, operating in the Hawkesbury region NSW, to reissue its 30 June 2016 financial reports to: recognise revenue of $1.1 million over the period of a contract for the use of assets, which runs from May 2015 to April 2016. Revenue had previously been recognised on the…

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July 28, 2017 BY Valentina Kirilova

New tradable indices go live at Euronext

Euronext has announced the launch of the Morningstar Eurozone 50 IndexSM and Morningstar Developed Markets Europe 100 IndexSM on Euronext. The launch of the new European indices for blue chips follows the signing of a strategic agreement with Morningstar announced in March 2017 to develop a series of derivative products based on Morningstar indices. The…

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