Wednesday 6th May 2015
NEWS TICKER: FRIDAY, MAY 5th: Zurich Insurance Group will release its results for the three months to March 31st this year on May 7th - According to the Luxembourg Stock Exchange, National Bank of Greece Funding Limited says that in accordance with the terms of its Series B CMS-Linked non-cumulative guaranteed preference securities (ISIN: XS0203171755) which has the benefit of a subordinated guarantee from the National Bank of Greece, the non-cumulative preferential cash dividend on the preferred securities which would otherwise have been payable on today (May 5th) will not be declared and will not be paid - Randgold Resources confirms that at the Company's Annual General Meeting held earlier today the shareholders approved a final dividend for the year ended December 31st 2014 of $0.60 per share. The dividend payment will be made on Friday May 29th to shareholders on the register as at Friday March 13th The ex-dividend date was Thursday March 12th. The exchange rate for payment to those shareholders who have elected to receive the final dividend for the year in Pounds Sterling is: £1/$1.5134. The company also announces that at its Annual General Meeting all of the resolutions were passed on a poll. Copies of all the resolutions passed have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do - Intercontinental Exchange today reports April 2015 futures and options average daily volume (ADV) declined 11% compared to April 2014. Commodity ADV increased 11% led by Brent, Other Oil and Sugar contracts up 21%, 37%, and 30% respectively, from the prior April. Meantime, financials ADV declined 28% from the previous April primarily due to continued low volatility in Continental European short-term interest rate and single stock equity contracts. ADV for NYSE’s US cash equities increased 3%, while US equity options ADV declined 30% from the prior April. NYSE’s U.S. cash equities market share was 23.8% and NYSE’s U.S. options market share was 18.4% - McDonald’s Corporation’s new chief executive today laid out initial plans for luring back customers, boosting sales and transforming the world’s biggest restaurant chain by revenue into a “modern, progressive burger company.” The plans include organising McDonald’s business around four new operating divisions, selling restaurants to franchisees, cutting corporate costs, improving food quality and taking layers out of its “cumbersome” management structure - The Central Electricity Authority (CEA) is reported to be planning an exhaustive basin-wise study of the hydropower potential in the country after a gap of 28 years. The study will also assess the environmental and social impact of river basin development. The last survey was undertaken between 1978 and 1987. The plans come against a backdrop of widespread protests against hydropower projects in India from people who are at risk of being displaced by the projects. Most of India’s hydropower potential falls in seismic zone 5, they charge, a region classified as highly vulnerable to high-intensity quakes. The exercise will also consider issues such as site geology, submergence and impact on environment and forests - Optical network infrastructure specialist has announced it has entered a definitive agreement to acquire Cyan Inc, a rival optical provider and software platform specialist. The agreement puts an approximate $400m on Cyan; no other terms have been released yet - Spain’s Cirsa Funding Luxembourg SA has announced the results of its tender offer to repurchase for cash up to €450,000,000 aggregate principal amount of its outstanding 8.75% senior notes due 2018. Deutsche Bank, London Branch is acting as tender agent and dealer manager - Trading turnover since the start of 2015 touched CHF534.3bn (+33.1% versus the same period in the prior year of 2014), while the number of trades since the start of 2015: 18,297,635 (+39.9% versus the prior year period) and average trading turnover per day was valued at CHF6.5bn over the first four months of this year says SIX Swill Exchange and SIX Structured Products Exchange - CME Clearing says it is aware that PAI was not included in the end-of-day (EOD) reporting or cash movements from Monday 5/4 for CDS in Production. IRS was not affected says the CCP. To correct, CME Clearing will enter cash adjustments tonight for each open position and will contact each firm with their expected adjustment figures. The CCP also apologies for the inconvenience caused – The Federal Reserve Bank of New York says its daily effective Fed Funds rate is 0.13% (Low 0.060% and High ).3125%) with four basis points of standard deviation - UK operator O2 has acquired the interest held in mobile commerce outfit Weve from its joint venture partners EE and Vodafone. Weve will now operate as a wholly owned subsidiary of O2 UK -

DFSA delegated new powers by DIFC Registrar of Companies

Wednesday, 15 February 2012
DFSA delegated new powers by DIFC Registrar of Companies The Dubai Financial Services Authority (DFSA) has been devolved new powers by the DIFC Registrar of Companies. http://www.ftseglobalmarkets.com/

The Dubai Financial Services Authority (DFSA) has been devolved new powers by the DIFC Registrar of Companies.

The delegated powers include the power to appoint inspectors to investigate the affairs of companies and partnerships, and to pursue enforcement remedies available to the Registrar under the following Dubai International Financial Centre (DIFC) Laws and their associated Regulations (together, the Registrar of Companies Laws (ROC Laws)):

• Companies Law, DIFC Law No 2 of 2009;
• Limited Partnership Law, DIFC Law No 4 of 2006;
• Limited Liability Partnership Law, DIFC Law No 5 of 2004;
• Insolvency Law, DIFC Law No 3 of 2009; and
• General Partnership Law, DIFC Law No 11 of 2004.



The Registrar continues to have the right to exercise the delegated powers in relation to any matter, whether independent of, or concurrently with, the DFSA. However, the Registrar and the DFSA have agreed that the DFSA will investigate contraventions of the ROC Laws for which penalties of AED 36,700 (US $10,000) or more may be imposed. Contraventions, for which lesser penalties may be imposed, will remain the responsibility of the Registrar (though the DFSA may investigate such contraventions if they are ancillary to any DFSA investigation).

The Registrar will continue to administer the registry functions within the DIFC.

 Khalid Al Zarouni, The Registrar explains the move is “in line with our on-going commitment to develop the DIFC’s legal and regulatory framework while leveraging the expertise and best practices of other DIFC bodies. Both the DIFC Registrar of Companies and the DFSA agree that the delegation will result in a more efficient and effective regulation of the ROC Laws.”

Under the delegation, the DFSA will exercise the delegated powers and functions as it deems necessary or desirable in order to carry out inspections and investigations, make directions, procure court orders, impose penalties or take any other regulatory or enforcement action in relation to the ROC Laws.

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