Moscow Exchange (MOEX) today announced further collaboration with the Shanghai Stock Exchange (SSE) as the two exchanges signed a strategic cooperation agreement during a meeting in Moscow on Monday of this week, May 22nd 2017. The strategic cooperation agreement focuses on a number of areas of shared interest to MOEX and SSE that can support…
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UK financial regulator The FCA has announced that the Central Criminal Court has made confiscation orders against the two final defendants who were convicted of offences following one of the FCA’s largest investigations into unauthorised activity. The FCA’s investigation, known as Operation Cotton, led to eight convictions and this week’s orders mean a total of £2,195,496…
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Australia financial regulator ASIC has published a new information sheet to explain the common issues we identify in the content of managed investment scheme (scheme) constitutions during the registration process, and how we address these issues. Since 1 October 2013, ASIC has considered the contents of over 700 constitutions as part of assessing whether to…
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The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Kenneth A. Marra of the U.S. District Court for the Southern District of Florida entered a Consent Order against Guardian Asset Group, LLC (Guardian) of West Palm Beach, Florida, and its owner and principal, Andrew Kurzbard, with a last-known address in Hacksneck, Virginia, finding…
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Justice McKerracher of the Federal Court of Australia has lifted an earlier stay on the appointment of David Hodgson and Andrew Hewitt, of Grant Thornton, as provisional liquidators to ASX-listed Diploma Group Limited (Receivers and Managers Appointed) (Administrators Appointed) and its subsidiaries following an application by ASIC, the Australian regulator announced earlier today. The subsidiaries…
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Moscow Exchange (MOEX) announced that from 1 June 2017, a new market making program will be launched on the Exchange's Spot FX Market to support the USD/RUB instrument with next day settlement. This is the first ever market making initiative on USDRUB_TOM, the most popular instrument of the spot FX market. It aims to further…
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Deutsche Börse announced that is now financial centre partner of national league football club Eintracht Frankfurt, having signed an agreement with Eintracht Frankfurt Fußball AG. This step marks the start of a premium partnership between Eintracht Frankfurt and Deutsche Börse focussing on commitment to a region that both firms have been instrumental in shaping –…
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The Court of Appeal today allowed Securities Commission Malaysia (SC)’s appeal to enhance sentences meted out against former executive directors of Welli Multi Corporation Bhd (Welli Multi), Ang Sun Beng and Ang Soon An, for furnishing misleading financial information to SC in 2005. The court imposed a sentence of six months jail and a fine…
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Moscow Exchange (MOEX) just announced that as of 23 May 2017, clients of China's top four financial information vendors, Great Wisdom, Wind, East Money and Emoney, have started to receive MOEX's real-time market data. The clients now receive online information on MOEX's main benchmarks (MICEX and RTS Indexes). The data range will be extended to…
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Hong Kong Exchanges and Clearing Limited (HKEX) announced today that it will introduce its revised stock option position limit (SOPL) model on 1 June 2017 and new limits will take effect on the same day. HKEX's revised SOPL model is designed to align Hong Kong's SOPL regime more closely with international practices and ensure the…
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