Regulation Archive

The Committee of European Securities Regulators (CESR) has clarified its role in the regulation of dark pools and has acknowledged the need for a European best bid and offer (EBBO) benchmark for the first time. read more>

The Financial Services Authority (FSA) has banned and fined a senior trader employed on Morgan Stanley’s London trading floor for “deliberately disadvantaging his customers by 'pre-hedging' trades without their consent”. read more>

The Australian Securities and Investment Commission (ASIC), the country’s securities regulator, lifted its short-selling restrictions for financial securities on Monday, but said it would not hesitate to reintroduce the ban if market conditions required. read more>

NYSE Euronext chief executive Duncan Niederauer recently dismissed March’s 8.5% rise in the S&P 500 index, its best monthly performance since October 2002, asserting that the “real money investors are still waiting”. read more>

Commission sharing agreements (CSAs) are not sufficient to achieve full unbundling of payments for brokers’ services, despite a recent Financial Services Authority report praising their effectiveness, according to some market observers. read more>

The UK regime governing dealing commissions has helped cut commission rates, limited use of commissions to the purchase of execution and research services and encouraged greater separation in how these services are bought, the Financial Services Authority (FSA) said. read more>

A more prescriptive approach to investment firms’ compliance with MiFID is expected by an increasing number of European market participants who draw parallels with the rules-based regime in the US equity markets overseen by the Securities and Exchange Commission. read more>

Two new proposals have been published aimed at creating a safe framework for conducting short-selling in the equity markets. read more>

Some of Europe’s largest multilateral trading facilities (MTFs) have called for a quick resolution to the regulatory confusion surrounding non-displayed trading functionality and criticised the restrictions imposed by the current regime. read more>

The Australian Securities and Investment Commission (ASIC), Australia’s financial regulator, has further extended its short selling ban for financial stocks due to continued volatility. read more>