Ontario Securities Commission的动态

The OSC has a new intake form for investors, issuers, registrants, and other stakeholders to submit inquiries, complaints, and tips to the OSC. This new form will help the OSC Contact Centre collect information and more effectively assess inquiries and complaints, improve response times, and enable the OSC to act more decisively on the information provided. Initially developed with the investor experience in mind, the new form will benefit all stakeholders, by creating a clear process to help them provide relevant details that will help the OSC in verifying the purpose and legitimacy of the contact and prevent delays in processing the inquiry. For more information on the Contact Centre and to access the intake form, visit the OSC website: https://ow.ly/1gIN50UAtg7

The Financial Stability Board (FSB) examined the structure?and functioning of commercial paper (CP) markets in EU, Japan, UK, and US, with a focus on illiquidity in times of stress. We speak with Katie Kelly, senior director for Market Practice and Regulatory Policy at ICMA - International Capital Market Association, about the traction towards a variety of recommendations and hurdles to implementation in Europe. Anna Reitman More on #finadium: https://lnkd.in/enW_5GiV

The Financial Stability Board (FSB) examined the structure?and functioning of commercial paper (CP) markets in EU, Japan, UK, and US, with a focus on illiquidity in times of stress. We speak with Katie Kelly, senior director for Market Practice and Regulatory Policy at ICMA - International Capital Market Association, about the traction towards a variety of recommendations and hurdles to implementation in Europe. Anna Reitman More on #finadium: https://lnkd.in/eK3AtKZq

Make sure you don’t miss this webinar, learn why and how bonds have an important role in your portfolio!

Electronic trading of securities is building momentum. But rather than make investors wary of the faster speed with which errors could occur, the opposite is true. In a new #ESMBlog authors Marko Mravlak and Ioannis Vazouras debunk that fast trading is bad for financial stability. They explain how ESM bonds have benefited from electronic trading in the market by enhancing transparency and improving liquidity. These benefits contribute to the effective operation and regulation of financial markets, supporting greater financial stability. Read the blog here https://lnkd.in/eM29vYFu

Great insights from our colleagues Marko Mravlak and Ioannis Vazouras on the transformative role of electronic trading in ESM and EFSF bond markets! Their analysis highlights how electronic trading not only enhances market liquidity and transparency but also strengthens financial stability by improving price discovery and primary market efficiency—even in challenging conditions. A fascinating read for anyone interested in the evolving dynamics of capital markets and the benefits of embracing innovation in trading practices. Don’t miss their #ESMBlog ?? https://lnkd.in/eM29vYFu!

Great piece from my colleagues Marko Mravlak and Ioannis Vazouras on the increase ?? in electronic trading in our bonds! “Electronic trading plays a crucial role in ESM and EFSF bond markets, accounting for a majority of the traded volumes and enhancing liquidity in the secondary markets by improving price discovery and making primary market transactions more efficient, especially in challenging market conditions. These advantages allow the ESM to issue bonds more effectively, benefitting its mission to support euro area financial stability.” Check it out below ?? Francis Dassyras | Sarah Carrick | Stephane Vincent

The Capital Markets Tribunal judgement on Appeal No.1/2012 (Kunal Kamlesh Bid vs Capital Markets Authority) elicits two interesting findings on the subject of insider trading. For context, this relates to the web of insider trading that dominated the 2019 Kes 36.0 billion sale of Kenol Kobil to Rubis Energie. Some take away points: · The Capital Markets Authority (CMA) will have to be cautious in enforcement action going forward based on whether one is deemed to have been a primary or secondary insider to a transaction · The Tribunal holds that "penalties to be netted out against those found culpable for insider trading ought to be adjusted so that the secondary insider is only penalized in a minibar commensurate to one's lesser degree of responsibility" · As a result, the Tribunal has directed CMA to refund Kunal Bid 50.0% of the disgorged amount within 45 days following the Judgement · On July 5th, 2019, CMA ordered the disgorgement of Kes 23,413,700 worth of gains earned by the trading accounts as well as disgorgement of Kes 333,747.0 being the amount received by Bid Securities by Kestrel Capital EA Ltd & Kes 14, 569.50 being the amount received by Bid Management Consultancy Ltd from AIB Capital Ltd as commission earned on the respective trades · What's the threshold for use of circumstantial evidence in investigating insider trading & taking enforcement action against it? · The Tribunal holds that "use of circumstantial evidence is permitted in proving insider trading as long as it is persuasive & taken in conjunction with other evidence"

In case you missed it, NFA will hold a World Investor Week (WIW) webinar for investors entitled "Protecting Yourself: NFA and U.S. Commodity Futures Trading Commission Investor Resources" on October 9th. There is no charge to attend the webinar, however, registration is required. Register below.? The webinar will cover key messages of WIW including checking investment professional's licenses and conducting due diligence when considering investments, among other topics. WIW is a global campaign organized by International Organization of Securities Commissions - IOSCO to raise awareness about the importance of investor education and protection.? https://lnkd.in/g2tES-af

Our Capital Markets team, including Managing Partner George Bersis, Senior Associate Elena Theocharakou and Junior Associate Katerina Pappa, has put together a summary of the key changes brought by Regulation (EU) 2024/2809 (Listing Act Regulation) to Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (Prospectus Regulation/ PR). The changes aim at reinforcing the attractiveness of EU public markets, by tackling certain obstacles stemming from the length, complexity and costs of the prospectus documentation. ? Check out the link for all the details https://lnkd.in/dWcUVDmY #POTAMITISVEKRIS #capitalmarkets