The law surrounding false statements is developing rapidly and expansively, the most recent example of which is the rule proposed by the Federal Energy Regulatory Commission, which would give it wide discretion in enforcing its duty of candor.
CONTINUE READINGIron ore futures listed on the Singapore Exchange are becoming one of the most important commodity futures contracts in the world. In 2022, the total number of iron ore 62% futures traded through SGX reached a record 25 million contracts. That was up 38% from the previous year and almost double the level five years ago.
CONTINUE READINGOn April 27, the key US House committees held concurrent hearings on digital asset oversight. These complementary hearings were coordinated by Republican leadership in the Committees to identify regulatory gaps related to digital assets. Next month, the committees plan to hold a joint subcommittee hearing to consider ways to close those gaps.
CONTINUE READINGThe European Energy Exchange, one of Europe’s leading markets for futures on power and gas, has contracted with Trading Technologies to provide the exchange’s trading participants with direct access via the internet.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the Financial Conduct Authority (FCA) Discussion Paper (DP) on Finance for positive sustainable change: governance, incentives and competence in regulated firms (DP23/1). FIA EPTA members believe that all parts of Financial Services should contribute to the transition towards sustainable capital markets. Because of the wide variety of financial services firms and their different objectives within the trading infrastructure; FIA EPTA members believe that not a one-off approach is feasible to be workable for all.
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the HM Treasury (HMT) Consultation and Call for Evidence on the Future financial services regulatory regime for cryptoassets. FIA EPTA members believe that the market will benefit from further clarity by regulatory bodies with a global perception. Working jointly with market participants to reduce the current void in regulation and perspective between the market and regulators and policymakers. FIA EPTA members believe that it is preferable to include cryptoassets in the existing financial services framework rather than creating a bespoke piece of legislation.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached $343.6 billion in April, down 6% over the last 12 months.
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