ExchangeNews: Canada's Regulators Join the OTC Attack

ICE: NYSE waived the first partial year of annual listing fees for companies that transfer their stock to the Big Board from another exchange. Reported by Reuters. CTIP3 announced that JGP Gestao de Recursos e JGP Gestao Patrimonial reached in aggregate 13.4m common shares, or 5.1% of CTIP3 capital. Shanghai International Energy Exchange canceled the launch of a Chinese crude-futures contract meant to compete with global pricing benchmarks due to market resistance. Reported by Reuters. HKEX: SFC and SEHK issue joint statement regarding the price volatility of stocks listed on Growth Enterprise Market (GEM). SFC also issued a guideline in order to improve market practices and an efficient development of GEM IPO placements. LMRKTS, a start-up offering technology for FX swaps compression, is having its first round of fundraising. Canadian Securities Regulators (CSA) adopt  new rules for OTC derivatives clearing regarding to the provision of safeguards in the Canadian market for counterparties transacting in OTC derivatives and the enhancement of clearing agencies’ resilience to default by a clearing intermediary. SEC approved the MSRB proposed modifications to the current complaint processes for dealers and municipal advisors as they clarify what to do if they have a complaint about their municipal finance professional and they are more align with other regulator schemes. Reported by the Bond buyer. SEC: Thesys has been chosen to build the Consolidated Audit Trail equity market surveillance system Treasury Secretary, Steven Mnuchin, said he support the Volcker Rule, but would make changes to Dodd-Frank regulatory framework as he wants to examine its effects on market liquidity, according to the Morning Consult.

 

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