Category: Financial Services

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
July 28, 2017 BY Valentina Kirilova

Halliburton paying $29.2 million to settle FCPA violations

The Securities and Exchange Commission (SEC) charged Halliburton Company with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA) while selecting and making payments to a local company in Angola in the course of winning lucrative oilfield services contracts. Halliburton, which profited by approximately $14 million from…

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ASIC office
July 28, 2017 BY Valentina Kirilova

ASIC accepts enforceable undertaking from NSX market participant

ASIC announced that has accepted an enforceable undertaking from Avalon Pacific Capital Pty Ltd in relation to its dealing in securities of five overseas registered companies listed on the National Stock Exchange of Australia (NSX). ASIC is concerned that Avalon Pacific ought reasonably to have suspected that the orders were placed with the intention of…

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July 27, 2017 BY Valentina Kirilova

SGX reports fiscal year 2017 net profit of S$340 million, down 2% YoY

Singapore Exchange (SGX) today reported FY2017 net profit of S$339.7 million (S$349.0 million), against revenues of S$800.8 million (S$818.1 million). Excluding a one-off loss of S$4.0 million from the disposal of its investment in the Bombay Stock Exchange and one-off acquisition costs of S$3.7 million for the Baltic Exchange, underlying net profit in FY2017 would…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
July 27, 2017 BY Valentina Kirilova

IOSCO publishes thematic review of client asset protection

The Board of the International Organization of Securities Commissions (IOSCO) has published its Assessment Committee’s Thematic Review of the Adoption of the Principles set forth in IOSCO’s Report: Recommendations Regarding the Protection of Client Assets (the Principles). The thematic review identifies the implementation progress of 38 IOSCO members from 36 jurisdictions in adopting legislation, regulation…

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July 27, 2017 BY Valentina Kirilova

Bursa Malaysia DC Berhad implements settlement via RENTAS

Bursa Malaysia Berhad just announced it has started using the Real-time Electronic Transfer of Funds and Securities System (RENTAS) for settlements of payments on Bursa Malaysia Derivatives Clearing Berhad (BMDC). The change to RENTAS will ensure greater efficiency and resilience of the settlements payments mechanism. With the adoption of RENTAS, BMDC can now use the…

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DFSA
July 27, 2017 BY Valentina Kirilova

Licence applicant convicted for providing SFC with false information

The Eastern Magistrates’ Court today convicted Ms Yan Ching Ching after she pleaded guilty to three counts of making false or misleading representations in support of her licence application to the Hong Kong Securities and Futures Commission (SFC). Yan, among other things, failed to disclose her previous criminal convictions in her SFC licence application in…

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July 27, 2017 BY Valentina Kirilova

Nasdaq Stockholm fines XBT provider AB SEK 1,000,000

The Disciplinary Committee of Nasdaq Stockholm has found that XBT Provider AB has breached Nasdaq Stockholm’s Rule Book for Issuers of warrants and certificates and other regulations in several respects and, accordingly, has imposed a fine on XBT amounting to SEK 1,000,000. XBT has not complied with the internal routines and procedures (Internal Rule Book)…

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Deutsche Börse revenues
July 27, 2017 BY Valentina Kirilova

Deutsche Börse increases revenue and earnings in Q2 2017

Deutsche Börse AG has published its results for the second quarter of 2017 on Wednesday. Here are some of the highlights: Q2/2017: net revenue amounted to €623.6 million (+4%), adjusted EBITDA to €379.5 million (+7%), and adjusted net income to €232.8 million (+7%) H1/2017: net revenue of €1,247.0 million (+3%); adjusted EBITDA of €759.7 million…

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