NSE Indices Limited a subsidiary of the National Stock Exchange of India (NSE) has launched a new index ā follows a target maturity structure with a maturity date of April 30th, 2027. The index portfolio has 50 percent allocation to AAA rated bonds issued by Government of India owned entities and the other 50 percent…
On 28thĀ September 2021, Turquoise, LSEGās (London Stock Exchange Group) global securities trading platform, hasĀ announced an expansion of its service with a newly enlarged US segment, with US shares now settling into DTC. This expansion will allow global investors to trade in a greater number of US stocks through one connection, alongside UK, Swiss and European…
On 27thĀ 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 way to trade derivatives on fixed income indices that embed ESG criteria. Eurex offers members and market participants the possibility to trade futures on two…
The Stock Exchange of Hong Kong Limited (HKEX) announced that the successful completion of a series of market rehearsals to ascertain Exchange Participantsā (EPs) readiness, Orion Central Gateway āSecurities Market (OCG-C), previously known as Cash Market Gateway (CMG), rolled out on 27thĀ September 2021. To ensure a smooth rollout of OCG-C and system stability, all EPs…
Montreal Exchange (MX) announcedĀ 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 at the latest on October 21st, 2021. Click on the above link for further information
On 24thĀ September 2021, Moscow Exchange (MOEX) announced that it will admit 80 foreign stocks to trading on 1stĀ October 2021 As a result, the number of shares and depositary receipts of foreign issuers available for trading on Moscow Exchange will reach 361. MOEX plans to make more international securities available for trading in future based on…
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 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 open to the public. Additionally, if a market does not fall withing either of the above, it can be established as eligible if the authorised…
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.
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.
