On 8 January 2019 the Australian watchdog suspended the Halifax AFS licence until 10 January 2020. The suspension followed the appointment of Morgan Kelly, Stewart McCallum and Phil Quinlan of Ferrier Hodgson as joint voluntary administrators of Halifax on 23 November 2018. On 20 March 2019 at the second creditors meeting it was decided to…
Read more
The four new electricity contracts are: Japanese power (Day-Ahead) Tokyo base-load futures Japanese power (Day-Ahead) Tokyo peak-load futures Japanese power (Day-Ahead) Kansai base-load futures Japanese power (Day-Ahead) Kansai peak-load futures. The contracts are denominated in Japanese yen using the arithmetic average of the 30-minute Spot Market (Day-Ahead) prices published by the Japan Wholesale Power Exchange…
Read more
The new amendments also allow MAS to impose measures on DPT service providers to ensure better consumer protection and to maintain financial stability and safeguard the efficacy of monetary policy. MAS stated: We have seen recent development of new forms of DPTs which values are pegged to stable assets to gain users’ confidence. It is…
Read more
From 1 January, Calvin Tai has been appointed as Interim Chief Executive of HKEX and an ex-officio member of the Board. He will also continue his role in the company e as Co-President and Chief Operating Officer of HKEX. He started his career starting at various positions in general banking and treasury at The Hongkong…
Read more
Equity Index Daily Futures contracts (Click kabu 365) The total trading volume of Equity Index Daily Futures contracts (Click kabu 365) was 1,926,433 (-21.0% MoM / +169.6% YoY) and its average daily trading volume was 86,087. Items Dec 2020 Trading Volume Daily Average Change on Previous Month Year on Year Change Click kabu 365 1,926,433…
Read more
The broker will make the new offerings available through its MetaTrader 4. The maximum leverage for stocks will be 10x and 20x for commodity stocks. The new addition to Rakuten Securities’ offering follows the addition of 41 new stocks in October, including brands like American Well Corp and Yalla Group Ltd. The company stated: Going…
Read more
The regulator also found that Fulbright failed to report these incidents to the SFC immediately upon discovering them. In deciding the disciplinary sanction, the SFC took into account that adequate and effective internal control systems are fundamental to the fitness and properness of a licensed corporation and that Fulbright’s short selling failures lasted for at…
Read more
Nick Kynoch, FMA General Counsel, said the FMA recognised many victims of Robertson and McCall had suffered significant losses and distress. The New Zealand regulator was pleased these investors would soon start to receive some of their money back. Kynoch commented: Victims of Robertson and McCall had their trust abused and many were plunged into…
Read more
The former Syndey financial advisor pleaded guilty to a charge that, between June 2011 and April 2012, he used his position as a director dishonestly, with the intention of gaining advantage for either himself or Flowers Financial Management, by causing the transfer/withdrawal of $179,500 of seed capital. Flowers also pleaded guilty to a charge that,…
Read more
The new online features include web-based licensing forms with auto-fill and skip logic features and pre-set validation rules to reduce errors. The features also support electronic. Upgraded administration functions will allow separate accounts for licensees and their professional advisory firms, giving them more flexibility in how they handle licensing matters and manage submissions. Ashley Alder,…
Read more