INDIA: NSE Indices Launches New Index
NSE Indices Limited a subsidiary of the National Stock Exchange of India (NSE) has launched a new index – follows a target maturity structure with a maturity date of April…
UNITED KINGDOM: Turquoise Expands Offering and Provide Investors to Access US Trade Shares
On 28th September 2021, Turquoise, LSEG’s (London Stock Exchange Group) global securities trading platform, has announced an expansion of its service with a newly enlarged US segment, with US shares now settling…
GERMANY: EUREX Launches Futures on Bloomberg MSCI Fixed Income Indexes
On 27th September 2021, Eurex Exchange announced that its pioneering role in both the Fixed Income and ESG spaces, becoming the first exchange to offer a standardized, listed and centrally cleared…
HONG KONG: HKEX Announces Rollout of Orion Central Gateway
The Stock Exchange of Hong Kong Limited (HKEX) announced that the successful completion of a series of market rehearsals to ascertain Exchange Participants’ (EPs) readiness, Orion Central Gateway –Securities Market…
CANADA: MX Announces Amendments to Minimum Price Fluctuation
Montreal Exchange (MX) announced amendments to the Rules of the Bourse to modify the minimum price fluctuation of the Three-Month CORRA Futures (CRA). Comments on the proposed amendments must be submitted…
RUSSIA: MOEX to Add New International Stocks for Trading
On 24th September 2021, Moscow Exchange (MOEX) announced that it will admit 80 foreign stocks to trading on 1st October 2021 As a result, the number of shares and depositary receipts of…
Central Bank of Ireland UCITS Permitted Markets
The Central Bank UCITS Regulations provide that the investments of a UCITS shall comprise inter alia transferable securities and money market instruments admitted to official listing on a stock exchange in a third country or dealt in on another regulated market in a third country which operates regularly and is recognised and open to the public provided that the choice of stock exchange or market is provided for in the fund rules or the instruments of incorporation of the investment company.
COLL 5.2.10 Eligible Markets
COLL 5.2.10 provides that a market is eligible if it is: A regulated market; Amarket in the United Kingdom or an EEA State which is regulated, operates regularly and is…
Collective Investment Schemes Control Act
Chapter VI of Board Notice 90 of 2012 provides that when considering if a foreign security is appropriate for inclusion in a portfolio in accordance with section 45 of the Collective Investment Schemes Control Act, a manager must conduct a due diligence investigation into the Exchange the security is listed and traded on.
U.S. SEC Investment Company Act Rule 17f-7
Rule 17f-7 requires US mutual fund managers, whenever they make an investment decision, to take into consideration the local market depositories and the safety of underlying assets during the settlement process and in ongoing safe custody.
