BCS Global Markets, the Russian independent financial house, today announced that it has conducted the firm’s initial public offering (IPO) on the Moscow Exchange. BCS Global Markets acted as Joint Global Coordinators and Joint Bookrunners on the IPO of OR PJSC (the “Company” and, together with its subsidiaries, “Obuv Rossii” or the “Group”). The total…
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The Vienna Stock Exchange announced that it is further expanding its range of offerings for domestic investors with the new "ETF segment" launching today. Passive investment funds offer investors a simple, effective and inexpensive way of investing in the most diverse markets and regions. ETFs track stock indices as precisely as possible – one of…
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ASX-listed company Adairs Limited (Adairs) has paid a penalty of $66,000 after ASIC issued an infringement notice alleging it had not complied with the continuous disclosure obligations. ASIC announced that it has found there are reasonable grounds to believe that Adairs was in breach of its continuous disclosure obligations between 23 September and 2 November…
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The International Central Securities Depository (ICSD) Clearstream, which is part of Deutsche Börse Group, will continue to offer stable custody services no matter how the Brexit negotiations will evolve, Deutsche Börse just announced. This commitment is founded in Clearstream‘s core task, which is to absorb differences in regulatory frameworks. The company was established in 1970…
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ASIC has announced the latest enforcement outcomes from its Published Notices Website and Lodgement project, an industry-wide project to improve publicly available information about failed companies through testing all registered liquidators’ compliance with the requirement to lodge forms with ASIC and publish notices on our published notices website. In each of the below cases, the…
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The trading volume of stocks totalled RUB 767 bln in September. The average daily trading volume was RUB 36.5 bln, up 4% MoM. The T+2 sector made up 98% of the total secondary market trading volume and the T0 sector accounted for 2%. The MICEX Index was up 2.7% MoM to 2,077.19 at the end…
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The French Autorité des Marchés Financiers (AMF) and the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, have signed a cooperation agreement to promote innovation in financial services in France and the United Arab Emirates (UAE). The agreement was signed between Mr Robert Ophèle, Chairman of…
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Varta AG (ISIN: DE000A0TGJ55) was listed in the Prime Standard of the Frankfurt Stock Exchange, Deutsche Börse announced earlier today. 8.6 million new shares were placed during the IPO. The initial listing price was €24.25, the issue price €17.50. The issue's lead manager was Berenberg, UniCredit Bank acted as Joint Bookrunner. Berenberg also has the role…
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The Cyprus Securities and Exchange Commission (CySEC) has informed the Cyprus Investment Firms about the following: 1. The European Banking Authority (EBA) issued on the 29th of September 2017, its Opinion on the design and calibration of a new prudential framework for investment firms (the ‘Opinion’), which is specifically tailored to the needs of investment…
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The Financial Markets Authority (FMA) and the Australian Securities and Investments Commission (ASIC) have re-affirmed their commitment to collaboration and cooperation on the expanding opportunities in fintech and innovation. The FMA and ASIC entered a wide-ranging Memorandum of Understanding (MoU) in 2012. Today in Sydney, senior executives from both regulators discussed the opportunities and challenges…
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