DOCSLIB.ORG

Myupdates Sector Guidelines

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

ASSET MANAGEMENT (Wholesale) ASSET MANAGEMENT (Retail) US BROKER DEALER PROFILE COMMERCIAL BANKING INVESTMENT BANKING INVESTMENT FIRM RETAIL BANKING THOMSON REUTERS REGULATORY SECURITIES I INTELLIGENCE MYUPDATES SECTOR GUIDELINES SECURITIES (Derivatives) ASSET MANAGEMENT (Wholesale) ASSET MANAGEMENT (Retail) The following document provides several template MyUpdates sectors for the Thomson Reuters Regulatory Intelligence solution. In order to use this guide, please select a profile of interest listed down the right hand side of the page. Using the information provided you will be able to generate a MyUpdate profile by selecting the Sectors and Themes listed and then selecting the organisations which are relevant to your subscription. US BROKER DEALER PROFILE For more information on MyUpdates and how to configure them, please consult theThomson Reuters Regulatory Intelligence User Guide. COMMERCIAL BANKING INVESTMENT BANKING INVESTMENT FIRM RETAIL BANKING SECURITIES I SECURITIES (Derivatives) ASSET MANAGEMENT (Wholesale) ASSET MANAGEMENT (WHOLESALE) ASSET MANAGEMENT (Retail) SECTOR • Belgian Financial Services and Markets Authority • Securities and commodities: wholesale / institutional – • Central Bank of Ireland • Comision Nacional del Mercado de Valores (CNMV) investment management US BROKER DEALER PROFILE • Comité consultative du secteur financier (CCSF) THEMES • Commission de Surveillance du Secteur Financier • Corporate governance (Luxembourg) • Internal controls • Commissione Nazionale per le Società e la Borsa COMMERCIAL BANKING • AML, CFT and international sanctions (CONSOB) • Conflicts of interest and anti-bribery • Council of the European Union • Recordkeeping • Cyprus Securities and Exchange Commission INVESTMENT BANKING • Collective investment schemes / funds • Danish Financial Supervisory Authority (Finanstilsynet) • Client assets / accounts • De Nederlandsche Bank (DNB) • Supervision • European Banking Authority (formerly CEBS) • Enforcement • European Commission (DG Internal Market) INVESTMENT FIRM • European Securities and Markets Authority (formerly EUROPE PROFILE CESR) The following organisations – select all documents • Federal Authorities of the Swiss Confederation RETAIL BANKING • Association for Financial Markets in Europe (AFME) • Financial Action Task Force (FATF) • Austrian Financial Market Authority • Financial Conduct Authority • Austrian Takeover Commission • Financial Reporting Council (UK) SECURITIES I • Autorité de contrôle prudentiel et de résolution (ACPR) • Financial Stability Board • Autorité des Marchés Financiers • Finland Financial Supervisory Authority (FIN-FSA) • BaFin (German Federal Financial Supervisory Authority) • Gibraltar Financial Services Commission SECURITIES (Derivatives) ASSET MANAGEMENT (Wholesale) • Greek Capital Market Commission ASIA PROFILE ASSET MANAGEMENT (Retail) • Guernsey Financial Services Commission The following organisations – select all documents • HM Treasury • Securities and Exchange Commission (Philippines) • Hedge Fund Standards Board • Asia Securities Industry & Financial Markets Association • Hungarian Financial Supervisory Authority US BROKER DEALER PROFILE • Asset Management Association of China (AMAC) • International Capital Markets Association • Association of Mutual Funds in India • Isle of Man Financial Supervision Commission • Bank Negara Malaysia • Jersey Financial Services Commission • China Banking Regulatory Commission COMMERCIAL BANKING • Malta Financial Services Authority • Fixed Income and Money Market And Derivatives • Ministry of Economics and Finance (France) Association of India (FIMMDA) • Netherlands Authority for Financial Markets (AFM) • Hong Kong Monetary Authority (HKMA) INVESTMENT BANKING • Norway Financial Supervisory Authority (Finanstilsynet) • Hong Kong Securities and Investment Institute • Portuguese Securities Market Commission (CMVM) • Indonesian Financial Services Authority (OJK) • Prudential Regulation Authority • Indonesian Financial Transaction Reports and Analysis • State Secretariat for Economic Affairs (SECO) Centre (Pusat Pelaporan dan Analisis Transaksi INVESTMENT FIRM Keuangan) • Swedish Financial Supervisory Authority (Finansinspektionen) • Islamic Financial Services Board • Swiss Federal Banking Commission • Japan Financial Services Agency RETAIL BANKING • Swiss Financial Market Supervisory Authority (FINMA) • Korea Financial Investment Association • Swiss Funds & Asset Management Association • Korea Financial Services Commission • Swiss Takeover Board • Korea Financial Supervisory Service • The Takeover Panel • Labuan Financial Services Authority SECURITIES I • UK Serious Fraud Office • Ministry of Finance (Singapore) • Monetary Authority of Singapore (MAS) SECURITIES (Derivatives) ASSET MANAGEMENT (Wholesale) • National Association of Financial Market Institutional US/ CANADA PROFILE Investors (NAFMII) ASSET MANAGEMENT (Retail) The following organisations – select all documents • Office of the Privacy Commissioner (Hong Kong) • Personal Data Protection Commission (Singapore) • Securities and Exchange Commission • Philippines Securities and Exchange Commission • Investment Industry Regulatory Organisation of Canada US BROKER DEALER PROFILE • Securities Commission (Malaysia) • Canadian Securities Administrators • Securities and Exchange Commission (Thailand) • Financial Transaction and Reports Analysis Centre of Canada • Securities and Futures Commission (Hong Kong) • Investment Funds Institute of Canada • Taiwan Financial Supervisory Commission COMMERCIAL BANKING • Investment Industry Association of Canada • Taiwan Securities Association MIDDLE EAST PROFILE AUSTALASIA PROFILE The following organisations – select all documents INVESTMENT BANKING The following organisations – select all documents • Central Bank of Bahrain • Australian Government - The Treasury • Central Bank of Kuwait • Australian Prudential Regulation Authority • Capital Market Authority INVESTMENT FIRM • Australian Securities and Investments Commission • Qatar Financial Centre Authority • Financial Markets Authority (formerly Securities Commission New Zealand) • Qatar Financial Centre Regulatory Authority • Banking Regulation and Supervisory Agency • Financial Planning Association of Australia RETAIL BANKING • Financial System Inquiry • Dubai Financial Services Authority • Ministry of Economic Development (New Zealand) SECURITIES I SECURITIES (Derivatives) ASSET MANAGEMENT (Wholesale) ASSET MANAGEMENT (RETAIL) ASSET MANAGEMENT (Retail) SECTOR • Autorité des Marchés Financiers • Securities and commodities: retail – investment • BaFin (German Federal Financial Supervisory Authority) management • Belgian Financial Services and Markets Authority US BROKER DEALER PROFILE THEMES • Central Bank of Ireland • Internal controls • Comision Nacional del Mercado de Valores (CNMV) • AML, CFT and international sanctions • Comité consultative du secteur financier (CCSF) COMMERCIAL BANKING • Conflicts of interest and anti-bribery • Commission de Surveillance du Secteur Financier (Luxembourg) • Employees and associated persons • Commissione Nazionale per le Società e la Borsa • Recordkeeping (CONSOB) INVESTMENT BANKING • Collective investment schemes / funds • Council of the European Union • Conduct of business • Cyprus Securities and Exchange Commission • Communications • Danish Financial Supervisory Authority (Finanstilsynet) INVESTMENT FIRM • Client assets / accounts • De Nederlandsche Bank (DNB) • Dispute resolution and redress • European Banking Authority (formerly CEBS) • Supervision • European Commission (DG Internal Market) • Enforcement • European Securities and Markets Authority (formerly RETAIL BANKING CESR) EUROPE PROFILE • Financial Action Task Force (FATF) The following organisations – select all documents • Financial Conduct Authority • Association for Financial Markets in Europe (AFME) SECURITIES I • Financial Ombudsman Service (UK) • Austrian Financial Market Authority • Financial Reporting Council (UK) • Austrian Takeover Commission • Financial Services Compensation Scheme • Autorité de contrôle prudentiel et de résolution (ACPR) SECURITIES (Derivatives) ASSET MANAGEMENT (Wholesale) • Financial Services Consumer Panel • Swiss Takeover Board • Financial Stability Board • The Law Commission ASSET MANAGEMENT (Retail) • Finland Financial Supervisory Authority (FIN-FSA) • The Takeover Panel • Gibraltar Financial Services Commission • UK Serious Fraud Office • Greek Capital Market Commission • Wealth Management Association (formerly the US BROKER DEALER PROFILE Association of Private Client Investment Managers and • Guernsey Financial Services Commission Stockbrokers) • HM Treasury • Hedge Fund Standards Board ASIA PROFILE COMMERCIAL BANKING The following organisations – select all documents • Hungarian Financial Supervisory Authority • Securities and Exchange Commission (Philippines) • International Capital Markets Association • Asia Securities Industry & Financial Markets Association • Isle of Man Financial Supervision Commission • Asset Management Association of China (AMAC) INVESTMENT BANKING • Jersey Financial Services Commission • Association of Mutual Funds in India • Malta Financial Services Authority • Bank Negara Malaysia • Ministry of Economics and Finance (France) • China Banking Regulatory Commission • Netherlands Authority for Financial Markets (AFM) INVESTMENT FIRM • Fixed Income and Money Market And Derivatives • Norway Financial Supervisory Authority (Finanstilsynet) Association of India (FIMMDA) • Portuguese Securities Market
Recommended publications
  • Mirae Asset NYSE FANG+ ETF an Open Ended Scheme Replicating/Tracking NYSE FANG+ Total Return Index

    Mirae Asset NYSE FANG+ ETF an Open Ended Scheme Replicating/Tracking NYSE FANG+ Total Return Index

    SCHEME INFORMATION DOCUMENT Mirae Asset NYSE FANG+ ETF An open ended scheme replicating/tracking NYSE FANG+ Total Return Index Offer for Sale of Units at 1/10,000th value of the NYSE FANG+ closing Index (Converted to INR) as on the date of allotment for applications received during the New Fund Offer (“NFO”) period and at order execution based prices (along with applicable charges and execution variations) during the Ongoing Offer for applications directly received at AMC. New Fund Offer opens on :19/04/2021 New Fund Offer closes on : 30/04/2021 Scheme re-opens for continuous Sale and Repurchase from 07/05/2021 The subscription list may be closed earlier by giving at least one day’s notice in one daily newspaper. The Trustee reserves the right to extend the closing date of the New Fund Offer Period, subject to the condition that the subscription list of the New Fund Offer Period shall not be kept open for more than 15 days. The units of the Scheme are listed on the National Stock Exchange of India Ltd. (NSE) and BSE Limited (BSE). All investors including Authorized Participants and Large Investors can subscribe (buy) / redeem (sell) units on a continuous basis on the NSE/BSE on which the Units are listed during the trading hours on all the trading days. In addition, Authorized Participants and Large Investors can directly subscribe to / redeem units of the Scheme on all Business Days with the Fund in ‘Creation Unit Size’ at order execution based prices (along with applicable charges and execution variations).
  • LIBOR Transition Faqs ‘Big Bang’ CCP Switch Over

    LIBOR Transition Faqs ‘Big Bang’ CCP Switch Over

    RED = Final File Size/Bleed Line BLACK = Page Size/Trim Line MAGENTA = Margin/Safe Art Boundary NOT A PRODUCT OF BARCLAYS RESEARCH LIBOR Transition FAQs ‘Big bang’ CCP switch over 1. When will CCPs switch their rates for discounting 2. €STR Switch Over to new risk-free rates (RFRs)? What is the ‘big bang’ 2a. What are the mechanics for the cash adjustment switch over? exchange? Why is this necessary? As part of global industry efforts around benchmark reform, Each CCP will perform a valuation using EONIA and then run most systemic Central Clearing Counterparties (CCPs) are the same valuation by switching to €STR. The switch to €STR expected to switch Price Aligned Interest (PAI) and discounting discounting will lead to a change in the net present value of EUR on all cleared EUR-denominated products to €STR in July 2020, denominated trades across all CCPs. As a result, a mandatory and for USD-denominated derivatives to SOFR in October 2020. cash compensation mechanism will be used by the CCPs to 1a. €STR switch over: weekend of 25/26 July 2020 counter this change in value so that individual participants will experience almost no ‘net’ changes, implemented through a one As the momentum of benchmark interest rate reform continues off payment. This requirement is due to the fact portfolios are in Europe, while EURIBOR has no clear end date, the publishing switching from EONIA to €STR flat (no spread), however there of EONIA will be discontinued from 3 January 2022. Its is a fixed spread between EONIA and €STR (i.e.
  • Margin Requirements Across Equity-Related Instruments: How Level Is the Playing Field?

    Margin Requirements Across Equity-Related Instruments: How Level Is the Playing Field?

    Fortune pgs 31-50 1/6/04 8:21 PM Page 31 Margin Requirements Across Equity-Related Instruments: How Level Is the Playing Field? hen interest rates rose sharply in 1994, a number of derivatives- related failures occurred, prominent among them the bankrupt- cy of Orange County, California, which had invested heavily in W 1 structured notes called “inverse floaters.” These events led to vigorous public discussion about the links between derivative securities and finan- cial stability, as well as about the potential role of new regulation. In an effort to clarify the issues, the Federal Reserve Bank of Boston sponsored an educational forum in which the risks and risk management of deriva- tive securities were discussed by a range of interested parties: academics; lawmakers and regulators; experts from nonfinancial corporations, investment and commercial banks, and pension funds; and issuers of securities. The Bank published a summary of the presentations in Minehan and Simons (1995). In the keynote address, Harvard Business School Professor Jay Light noted that there are at least 11 ways that investors can participate in the returns on the Standard and Poor’s 500 composite index (see Box 1). Professor Light pointed out that these alternatives exist because they dif- Peter Fortune fer in a variety of important respects: Some carry higher transaction costs; others might have higher margin requirements; still others might differ in tax treatment or in regulatory restraints. The author is Senior Economist and The purpose of the present study is to assess one dimension of those Advisor to the Director of Research at differences—margin requirements.
  • Execution Venues List

    Execution Venues List

    Execution Venues List This list should be read in conjunction with the Best Execution policy for Credit Suisse AG (excluding branches and subsidiaries), Credit Suisse (Switzerland) Ltd, Credit Suisse (Luxembourg) S.A, Credit Suisse (Luxembourg) S.A. Zweigniederlassung Österreichand, Neue Aargauer Bank AG published at www.credit-suisse.com/MiFID and https://www.credit-suisse.com/lu/en/private-banking/best-execution.html The Execution Venues1) shown enable the in scope legal entities to obtain on a consistent basis the best possible result for the execution of client orders. Accordingly, where the in scope legal entities may place significant reliance on these Execution Venues. Equity Cash & Exchange Traded Funds Country/Liquidity Pool Execution Venue1) Name MIC Code2) Regulated Markets & 3rd party exchanges Europe Austria Wiener Börse – Official Market WBAH Austria Wiener Börse – Securities Exchange XVIE Austria Wiener Börse XWBO Austria Wiener Börse Dritter Markt WBDM Belgium Euronext Brussels XBRU Belgium Euronext Growth Brussels ALXB Czech Republic Prague Stock Exchange XPRA Cyprus Cyprus Stock Exchange XCYS Denmark NASDAQ Copenhagen XCSE Estonia NASDAQ Tallinn XTAL Finland NASDAQ Helsinki XHEL France EURONEXT Paris XPAR France EURONEXT Growth Paris ALXP Germany Börse Berlin XBER Germany Börse Berlin – Equiduct Trading XEQT Germany Deutsche Börse XFRA Germany Börse Frankfurt Warrants XSCO Germany Börse Hamburg XHAM Germany Börse Düsseldorf XDUS Germany Börse München XMUN Germany Börse Stuttgart XSTU Germany Hannover Stock Exchange XHAN
  • Euronext Makes Irrevocable Cash Offer to Acquire Lch.Clearnet Sa

    Euronext Makes Irrevocable Cash Offer to Acquire Lch.Clearnet Sa

    CONTACT - Media: CONTACT - Investor Relations: Amsterdam +31.20.721.4488 Brussels +32.2.620.15.50 +33.1.70.48.24.17 Lisbon +351.210.600.614 Paris +33.1.70.48.24.45 EURONEXT MAKES IRREVOCABLE CASH OFFER TO ACQUIRE LCH.CLEARNET SA Euronext has made an irrevocable all-cash offer to LCH.Clearnet Group Limited (“LCH.Clearnet Group”) and London Stock Exchange Group plc (“LSEG”) to acquire LCH.Clearnet SA (“Clearnet”), in relation to which terms and conditions have been agreed. Clearnet has commenced a period of consultation with its works council during which LSEG and LCH.Clearnet Group have granted exclusivity to Euronext Strategic combination to strengthen Euronext at the heart of the Eurozone capital markets: • Strengthening long-term control of clearing activities for Euronext’s markets, while enhancing our ability to innovate • Improving Euronext’s business diversification (post-trade revenue to represent approximately 30% of Euronext’s pro forma revenue) • Providing substantial growth opportunities in Fixed Income and CDS • Acquisition price of €510m (subject to a closing adjustment and including excess capital1) for 100% of Clearnet • Expected pre-tax operating cost synergies of €13m and additional opportunities for revenue synergies Completion of the contemplated transaction is subject to various conditions including: • Closing of the merger between Deutsche Börse AG (“DB”) and LSEG • Euronext shareholder approval • Customary regulatory and anti-trust approvals and other consents • Completion of the works council consultation process of Clearnet Irrespective of the completion of the contemplated transaction, Euronext remains committed to delivering the best long-term solution for its post-trade activities, in the interests of its clients and shareholders Amsterdam, Brussels, Lisbon, London and Paris – 3 January 2017 – Euronext, the leading pan-European exchange in the Eurozone, has signed a binding offer and been granted exclusivity to acquire 100% of the share capital and voting rights of Clearnet.
  • For Additional Information the Information on the Attached Approvals Chart Is Subject to Change at Any Time

    For Additional Information the Information on the Attached Approvals Chart Is Subject to Change at Any Time

    April 15, 2020 Attached please find the updated Foreign Listed Stock Index Futures and Options Approvals Chart, current as of April 15, 2020. All prior versions are superseded and should be discarded. Please note the following developments since we last distributed the Approvals Chart: 1. B3 S.A. has certified the Nikkei 225 index futures contract for trading by U.S. persons. 2. Eurex Exchange has certified the following futures contracts for trading by U.S. persons: (i) MSCI Europe ex UK (EUR, NTR) index futures; (ii) MSCI Japan (JPY, NTR) index futures; (iii) MSCI Saudi Arabia (USD, NTR) index futures; (iv) MSCI South Africa (USD, NTR) index futures; (v) MSCI World (GBP, NTR) index futures; (vi) MSCI World Communication Services (USD, NTR) index futures; (vii) MSCI World Consumer Discretionary (USD, NTR) index futures; (viii) MSCI World Consumer Staples (USD, NTR) index futures; (ix) MSCI World Energy (USD, NTR) index futures; (x) MSCI World Financials (USD, NTR) index futures; (xi) MSCI World Health Care (USD, NTR) index futures; (xii) MSCI World Industrials (USD, NTR) index futures; (xiii) MSCI World IT (USD, NTR) index futures; (xiv) MSCI World Materials (USD, NTR) index futures; (xv) MSCI World Real Estate (USD, NTR) index futures; (xvi) MSCI World Utilities (USD, NTR) index futures; and (xvii) STOXX USA 500 ESG-X (USD, price) index futures. 3. Korea Exchange has notified market participants that, as of April 1, 2020, the KOSPI 200 index is deemed a narrow-based security index, and as such, futures on the KOSPI 200 index are now available for trading by U.S.
  • Clearing House Procedures Clearing Member and Dealer Status 1

    Clearing House Procedures Clearing Member and Dealer Status 1

    Clearing House Procedures Clearing Member and Dealer Status SECTION 1 CONTENTS 1.1 APPLICATION PROCEDURE ................................................................ 2 1.2 CRITERIA FOR CLEARING MEMBER STATUS .................................... 4 1.3 DEALER STATUS CRITERIA ................................................................. 9 1.4 EQUITYCLEAR NON-CLEARING MEMBER STATUS ......................... 11 1.5 TURQUOISE DERIVATIVES NON-CLEARING MEMBER STATUS .... 12 1.6 PARTICIPATION IN CROSS-MARGINING AGREEMENTS ................. 12 1.7 EXTENSION OF CLEARING ACTIVITIES............................................ 12 1.8 TERMINATION OF CLEARING MEMBER STATUS ............................ 14 1.9 NET CAPITAL REQUIREMENTS ......................................................... 14 1.10 CALCULATION OF NET CAPITAL ....................................................... 18 1.11 FINANCIAL REPORTING ..................................................................... 19 1.12 ADDITIONAL REQUIREMENTS .......................................................... 21 1.13 OTHER CONDITIONS.......................................................................... 21 LCH.Clearnet Limited © 2012 1 MarchApril 2012 Clearing House Procedures Clearing Member and Dealer Status 1. CLEARING MEMBER, DEALER, EQUITYCLEAR AND TURQUOISE DERIVATIVES NCMs (NON-CLEARING MEMBERS) 1.1 APPLICATION PROCEDURE An application for Clearing Member status of the Clearing House, or for Dealer status (whether as a ForexClear Dealer, RepoClear Dealer or SwapClear Dealer, each
  • Liquidityframeworkandinterbank

    Liquidityframeworkandinterbank

    Central Bank of Oman Occasional Paper: 2019-1 Liquidity Management Framework and Interbank Overnight Interest Rate in Oman: An Empirical Investigation Amal Al Raisi, Sunil Kumar and Razan Al Humaidi* Abstract Oman’s overnight inter-bank rate generally follows the trends in federal fund rate due to currency peg with the US dollar and open capital account, albeit with some intermittent deviations. In our ARDL model, we find federal fund rate along with domestic liquidity conditions as drivers of the overnight inter-bank rate in Oman. Accordingly, intermittent deviations of Oman’s overnight inter-bank rate from the federal fund rate appears to have been caused by evolving domestic liquidity conditions and less than perfect arbitrage due to various prudential limits. Keywords: Overnight inter-bank rate, federal fund rate, monetary policy, liquidity conditions JEL Classification: E43, E52, E58 *Amal Al Raisi is a Manager, Sunil Kumar is an Economist, and Razan Al Humaidi is an Associate Research Analyst in Economic Research & Statistics Department of the Central Bank of Oman. The authors would like to express their sincere thanks to Dr. Mazin Al Ryami for his valuable comments/inputs on the paper. The views expressed in this paper and errors, if any, are strictly of the authors and do not belong the organization they work for. All the usual disclaimers apply. CONFIDENTIAL Central Bank of Oman Occasional Paper: 2019-1 Introduction The Central Banks across a large number of countries have shifted from monetary targeting to interest rate targeting as the main instrument of monetary policy. This shift was mainly necessitated by the weakening of relationship between the monetary aggregates and final objective(s) i.e.
  • Asia Innovative Growth Fund Matthews Asia Funds

    Asia Innovative Growth Fund Matthews Asia Funds

    Asia Innovative Growth Fund Matthews Asia Funds Class I Shares 31 August 2021 FUND FACTS (USD) Investment Objective Long -term capital appreciation. Total Fund Assets $22.9 million Total # of Positions 43 Weighted Average Market Available Share Classes Cap $124.1 billion MSCI All Country Asia ex Share Class ISIN SEDOL CUSIP Benchmark Japan Index I Acc (USD) LU2298459939 BLR7817 L6258V195 Management Fee 0.75% I Acc (GBP) LU2298460192 BLR7828 L6258V203 Minimum Initial Investment $100,000/£50,000* Minimum Subsequent Performance as of 31 August 2021 † Investment $100/£50* Fund Domicile Luxembourg Asia Innovative Since Available Share Classes I Aug '21 3 MO YTD 1 YR 3 YR 5 YR Inception Growth Fund Inception Base Currency USD Additional Dealing I Acc (USD) n.a n.a n.a n.a n.a n.a n.a 23 Mar 2021 Currencies GBP I Acc (GBP) n.a n.a n.a n.a n.a n.a n.a 23 Mar 2021 Net Asset Value MSCI AC Asia ex I Acc (USD) $9.60 Japan Index (USD) n.a n.a n.a n.a n.a n.a n.a n.a. I Acc (GBP) £9.61 Asia Innovative Growth Fund has commenced operations from 23 March 2021 and performance will not be shown until the fund has reached one year since inception. PORTFOLIO MANAGEMENT Michael J. Oh, CFA Asia Innovators Strategy Performance as of 31 August 2021 † Lead Manager Since RISKS Aug '21 3 MO YTD 1 YR 3 YR 5 YR Inception Inception The value of an investment in the Fund can go down as well as up and possible loss of principal is a risk of Asia Innovators investing.
  • Taiwan Futures Exchange Principles for Financial Market Infrastructure Disclosure Report (CCP)

    Taiwan Futures Exchange Principles for Financial Market Infrastructure Disclosure Report (CCP)

    Taiwan Futures Exchange Principles for Financial Market Infrastructure Disclosure Report (CCP) Responding institution: Taiwan Futures Exchange Corporation Jurisdiction(s) in which the FMI operates: Taiwan Authority(ies) regulating, supervising or overseeing the FMI: the Securities and Futures Bureau of the Financial Supervisory Committee The date of this disclosure is 2020.12.16 This disclosure can also be found at http://www.taifex.com.tw/ For further information, please contact [email protected] TABLE OF CONTENTS I. EXECUTIVE SUMMARY ........................................................................................................... 2 II. SUMMARY OF MAJOR CHANGES SINCE THE LAST UPDATE OF THE DISCLOSURE ........................................................................................................................................ 2 III. GENERAL BACKGROUND OF TAIFEX ................................................................................ 3 IV. PRINCIPLE-BY-PRINCIPLE SUMMARY NARRATIVE DISCLOSURE........................... 8 PRINCIPLE 1：LEGAL BASIS ............................................................................................................... 8 PRINCIPLE 2：GOVERNANCE ........................................................................................................... 11 PRINCIPLE 3：FRAMEWORK FOR THE COMPREHENSIVE MANAGEMENT OF RISKS ....................... 20 PRINCIPLE 4：CREDIT RISK ............................................................................................................
  • Advent of Islamic Banks and the Emerging Banking Landscape in Sultanate of Oman

    Advent of Islamic Banks and the Emerging Banking Landscape in Sultanate of Oman

    International Journal of Humanities and Social Sciences (IJHSS) ISSN(P): 2319-393X; ISSN(E): 2319-3948 Conference Edition, July 2014, 85-90 © IASET ADVENT OF ISLAMIC BANKS AND THE EMERGING BANKING LANDSCAPE IN SULTANATE OF OMAN VIBHA BHANDARI Assistant Professor, Department of International Business Administration, College of Applied Sciences, Nizwa, Oman ABSTRACT Islamic banking can be defined as a banking system which is in consonance with the sprit, ethos and value system of Islam and its operations are governed by the rules and principles laid down by Shari'a which means ‘the way to the source of life’. Islamic banks do business just like their counterparts on the conventional side, with the difference that all their operations and businesses are conducted in accordance with the rules and principles prescribed by the Shari'a and the code of behavior called for, by the Holy Quran. Islamic banking has been gaining tremendous popularity over the years, and not just in the Middle East and South East Asia, but even in the UK. Nearly non-existent 30 years ago, the global Islamic finance industry had assets forecast to cross $1.8 trillion in 2013, up from $1.3 trillion in 2011, according to Ernst & Young’s World Islamic Banking Competitiveness Report 2013. Though a late entrant in the field of Islamic banking, the Sultanate’s banking sector is poised to grow. Since, the announcement to open the Islamic Banks in 2011, the banking sphere in Oman has witnessed positive activity with the launch of separate full-fledged Islamic banks as well as new Islamic outlets of the conventional - reputed banks.
  • Recent Acquisitions and Other Transactions NYSE Bluetm On

    Recent Acquisitions and Other Transactions NYSE Bluetm On

    Recent Acquisitions and Other Transactions NYSE BlueTM On September 7, 2010 NYSE Euronext announced plans to create NYSE BlueTM (which is referred to in this section as “NYSE Blue”), a joint venture focusing on environmental and sustainable energy markets. NYSE Blue includes NYSE Euronext’s existing investment in BlueNext, the spot market in carbon credits, and APX, Inc. (which is referred to in this section as “APX”), a provider of regulatory infrastructure and services for the environmental and sustainable energy markets. NYSE Euronext is majority owner of NYSE Blue. Shareholders of APX, which include Goldman Sachs, Mission Point Capital Partners, and ONSET Ventures, received a minority equity interest in NYSE Blue in return for their shares in APX. The NYSE Blue joint venture formation closed on February 18, 2011. National Stock Exchange of India On May 3, 2010, NYSE Euronext completed the sale of its 5% equity interest in the National Stock Exchange of India for gross proceeds of $175 million. A $56 million gain was included in “Other income” in its consolidated statement of operations for year ended December 31, 2010 as a result of this transaction. NYFIX, Inc. On November 30, 2009, NYSE Euronext acquired NYFIX, Inc. which is a leading provider of innovative solutions that optimize trading efficiency. The total value of this acquisition was approximately $144 million. Infix’s FIX business and FIX Software business were added to the Information Services and Technology Solutions segment. The NYFIX Transaction Services U.S. electronic agency execution business, comprised of its direct market access and algorithmic products, and the Millennium Alternative Trading System was sold to BNY ConvergEX subsequent to the NYFIX acquisition.