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Euronext Publishes Its 2025 Universal Registration Document
Euronext today announced that it has filed its 2025 Universal Registration Document, prepared in ESEF format (European Single Electronic Format), including the 2025 Annual Financial Statements and Directors’ Report to the Stichting Autoriteit Financiële Markten (the “AFM”), on 27 March 2026, as competent authority under Regulation (EU) 2017/1129.
The 2025 Universal Registration Document has been filed in English and is available in ESEF format on Euronext’s website at:
https://www.euronext.com/en/investor-relations/financial-information/financial-reports
Printed copies of the official version filed to the AFM in ESEF format are available at the registered office of Euronext N.V.: Beursplein 5 1012 JW Amsterdam The Netherlands.
Nigerian Exchange Weekly Report For The Week Ended 27 March 2026
A total turnover of 3.950 billion shares worth ₦201.312 billion in 359,642 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 8.761 billion shares valued at ₦267.253 billion that exchanged hands last week in 193,473 deals.
Click here for full details.
ESMA: Postponement Of The Rollout For Commodity Derivatives Weekly Position Reporting
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is postponing the rollout of the new solution for Commodity Derivatives Weekly Position Reporting, originally scheduled for 1 April 2026.
The decision follows the identification of issues during the final testing phase, which require further corrective actions to ensure system stability and data quality.
A revised go live date will be communicated once the necessary fixes have been fully implemented and validated. Until then, stakeholders should continue using the current version.
ESMA appreciates the cooperation and understanding of all reporting entities during this process.
ESAs Spring Risk Update Highlights Geopolitical Pressures And Rising Private Finance Risks
The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published their spring 2026 Joint Committee update on risks and vulnerabilities in the EU financial system. The update focuses on the challenges arising from ongoing geopolitical tensions and developments in private finance.
Geopolitical tensions continue to pose significant risks
The ESAs warn that ongoing geopolitical tensions, namely the war in the Middle East, pose significant risks to the global financial landscape through higher energy prices, potential inflationary pressures and weaker economic growth. The ESAs had previously warned about the risks of sudden repricing and liquidity reductions at times of elevated equity market valuations and compressed spreads in bond markets. Such developments can exacerbate market vulnerabilities, triggering volatility and revaluations.
Higher interest rates may further tighten funding conditions and affect asset quality. Tensions around the Strait of Hormuz and airspace closures raise multi-line risk, although war exclusions are expected to limit net losses for insurers. More broadly, geopolitical events and cyber-attacks could generate shocks and disruptions to critical infrastructures. -
Risks linked to private finance
The update also highlights emerging risks in private finance driven by limited data, low transparency, prolonged growth and complex, opaque interconnections with the broader financial system. These factors increase the potential for sudden market shifts in investor liquidity and spillovers to other parts of the financial system.
Recent developments in certain US private credit funds, linked to AI replacing more traditional software businesses, illustrate potential vulnerabilities related to changes in investor sentiment.
EU financial sector remains resilient overall
Despite the challenging geopolitical environment, European financial markets have continued to demonstrate resilience. The insurance and Institutions for Occupational Retirement Provision (IORP) sectors maintain robust capital and funding positions. In the banking sector, capital ratios remain high, while liquidity positions and asset quality are solid. Direct exposures to countries most affected by the war remain limited.
Supervisors and market participants to maintain vigilance
Given the ongoing geopolitical tensions, the Joint Committee of the ESAs calls on supervisors and market participants to maintain a high level of readiness. This includes proactive risk assessments with appropriate tools, the prudent management of sovereign exposures and the inclusion of geopolitical context in risk management. Possible indirect effects stemming from energy prices and exposures to highly affected sectors should also be closely monitored.
Financial institutions, authorities and investors are also encouraged to closely monitor and manage risks associated with private markets, considering limited transparency, rising exposures, and potential shifts in risk profiles, linked to the upcoming Solvency II 2027 changes.
Related Documents
DateReferenceTitleDownloadSelect
27/03/2026
JC 2026 06
Joint Committee Update on Risks and Vulnerabilities in the EU Financial System – Spring 2026
London Metal Exchange: Information Barriers Between Warehouse Companies And Trading Companies
This notice informs the market that the LME has carried out a review (the “Review”) of the third-party assurance reports (the “Reports”) of information barriers between Warehouse Companies and Trading Companies for the period 1 January 2024 to 31 December 2024 (the “Relevant Period”). The Review did not identify any issues of general concern for the market.
Download notice
Moscow Exchange: Maintenance On T0 Securities And FX Test Environment
From March 30 to 31, 2026, we will be updating the Securities (UAT_GATEWAY) and FX (UATCUR_GATEWAY) markets T0 dedicated test environment. Test trading system could be temporarily unavailable during that period. All trades concluded on that day in the test trading system will be reset. Please note that we do not guarantee the regular delivery of the end-of-day trading and clearing reports during the first days after the scheduled server maintenance.
Additionally, please be aware that due to the maintenance, the following services will be unavailable in the test environment:
Creation of new IDs, opening of new accounts and client codes, depositing funds and taking positions.
Read more on the Moscow Exchange: https://www.moex.com/n98812
Avelacom Expands Across LATAM Through Direct Connection To nuam - Ultra-Low Latency Connectivity And Colocation Infrastructure For Chile, Colombia, And Peru Complements Avelacom’s Existing Footprint In Argentina And Brazil
Avelacom, the global provider of low latency network and infrastructure solutions, has expanded its Latin American footprint through a direct connection to the infrastructure of nuam, the regional holding company that integrates the stock exchanges of Chile, Colombia, and Peru.
Avelacom has deployed a physical point of presence (PoP) at Equinix ST1 data center in Santiago, Chile. This enables global institutional clients to access real-time market data and order routing via ultra-low latency connectivity paths with built-in redundancy. The infrastructure supports both single-market access to Chile, Colombia or Peru, as well as unified access across all three nuam markets.
This connection builds on Avelacom’s established presence in Latin America. The company has operated in the region since 2020, initially supporting institutional trading on the Brazilian Exchange (B3). More recently, Avelacom expanded into Argentina through a dedicated partnership with Bolsas y Mercados Argentinos S.A. (BYMA) and the launch of a new PoP in Buenos Aires.
Together, these deployments create a growing regional infrastructure layer connecting Brazil, Argentina, Chile, Colombia, and Peru, enabling efficient cross-market trading between Latin America and major global financial hubs in North America, Europe and Asia.
“Latin America is moving from fragmented local markets to a region where cross-border trading strategies increasingly matter,” said Lorenz Voss, Managing Director of Avelacom. “This new connection to nuam’s infrastructure extends Avelacom’s low latency infrastructure across Chile, Colombia, and Peru, complementing our established presence in Brazil and Argentina. We see nuam as a key platform for institutional clients that require predictable performance, control, and reliability to operate effectively across the region.”
Avelacom’s infrastructure is designed for latency-sensitive trading strategies, including algorithmic and proprietary trading, as well as resilience-critical use cases such as global and regional banking operations. This enables more efficient market making, arbitrage, cross-market strategies, and market access in Chile, Colombia, and Peru - at the performance standards expected by global institutional clients.
“This expansion of connectivity enables us to continue expanding the range of opportunities available to investors seeking exposure to Latin American markets said Andrés Araya Falcone, Chief Technology Officer at nuam. “It also reflects our firm commitment to developing a modern and efficient regional infrastructure, fully connected to the world’s major financial centers. The availability of ultra-low latency connectivity across Chile, Colombia, and Peru represents another meaningful step in strengthening an ecosystem capable of attracting a broader and more diverse set of market participants. For nuam, having this type of direct connection reinforces our long-term vision of a more competitive, deeper, and globally integrated Andean market.”
Intercontinental Exchange Announces New $600 Million Investment In Polymarket
Intercontinental Exchange, Inc. (NYSE: ICE), one of the world's leading providers of financial market technology and data powering global capital markets, today announced that, as part of its previously announced investment arrangement with Polymarket, ICE has completed a new $600 million direct cash investment in Polymarket, which is part of an equity capital fundraising by Polymarket. ICE also expects to make purchases of up to $40 million of Polymarket securities from certain existing holders.
In October 2025, ICE made an initial direct investment in Polymarket of $1 billion, and with today’s additional direct investment and the anticipated additional purchases of Polymarket securities, ICE will have completed its obligations under its investment arrangement with Polymarket.
ICE’s investments in Polymarket are not expected to have a material impact on ICE’s financial results or expected capital return plans. Certain terms of ICE’s investment in Polymarket, including the valuation of today’s investment, are expected to be disclosed following the completion of Polymarket’s fundraising.
This press release does not constitute a solicitation of an offer to purchase any securities.
ACER Will Consult On Amendments To The Gas Network Code On Interoperability And Data Exchange
On 20 April 2026, ACER will open a public consultation on amendments to the gas network code on interoperability and data exchange. The aim is to assess the need to amend the network code to reflect recent regulatory and market developments.
Why is this relevant?
The Interoperability and Data Exchange Network Code establishes the framework for operating the EU gas network and exchanging information between network users.
Since its adoption in 2015, European gas markets have changed, driven by:
an evolving regulatory framework (2024 Gas and Hydrogen Regulation);
the EU’s decarbonisation ambitions; and
the introduction of a new European standard on gas quality (CEN EN 16726).
The European Commission invited ACER to assess whether the network code remains fit for purpose in light of these developments or if amendments are needed.
This consultation will support ACER in its assessment, ensuring that any amendment proposals are practical and aligned with market needs.
Have your say!
The public consultation will run from 20 April to 20 May 2026.
ACER will analyse the feedback received and evaluate the next steps for the network code review.
Read more and get ready to share your views.
HKEX, Bursa Malaysia Launch Co-Branded Index, Sign MOU To Enhance Market Connectivity
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Friday) it has signed a Memorandum of Understanding (MOU) with Bursa Malaysia Berhad (Bursa Malaysia) to strengthen collaboration and enhance capital market connectivity between Hong Kong and Malaysia, including cooperation on dual listings, ETFs, joint development of indices and investment products, Shariah-compliant securities, and carbon markets.As part of the collaboration, the two exchanges announced the launch of the HKEX Bursa Malaysia Large Cap Index, a new co branded benchmark designed to enhance cross market access for investors. It measures the performance of the 60 largest companies listed in Hong Kong and Malaysia by market capitalisation, with 30 constituents drawn from each market and index weightings of approximately 60 per cent for Hong Kong-listed companies, and 40 per cent for Malaysian-listed companies.HKEX Chief Executive Officer, Bonnie Y Chan, said: “We are delighted to be partnering with Bursa Malaysia to drive enhanced connectivity between our capital markets. Malaysia sits at the heart of Southeast Asia -- one of the world’s fastest growing regions -- known for exciting opportunities in sectors such as innovation, consumer and resources, while HKEX is home to Asia’s most vibrant international marketplace, offering exclusive connectivity to opportunities on the Chinese Mainland.“Expanding our engagement with the region is a key strategic priority as we continue our work to build a multi-asset product ecosystem, drawing global liquidity to Asia at a time of heightened macro uncertainties. The launch of the HKEX Bursa Malaysia Large Cap Index, together with the signing of this MOU, marks the latest step in our journey to advance regional connectivity through tangible outcomes that benefit our markets,” Ms Chan added.Bursa Malaysia Chief Executive Officer, Dato’ Fad’l Mohamed, said: “As global markets become more volatile and capital flows rotate dynamically across geographies, internationalisation is a vital growth enabler for exchanges. This collaboration with HKEX aligns with our efforts to boost market vibrancy, expand opportunities for PLCs and investors, and enhance Malaysia’s connectivity and visibility within the global investment landscape.“Malaysia’s market is underpinned by a strong base of domestic institutional investors alongside our leadership in Islamic capital market. These strengths position Bursa Malaysia as a platform that connects corporates and Shariah‑compliant investments with regional and global capital, while serving as a gateway for companies seeking access to ASEAN’s growth markets. The launch of the HKEX Bursa Malaysia Large Cap Index marks an important early milestone under this MOU, elevating the market presence of Malaysian PLCs among investors in the region and highlighting the diversity of our sectors,” he added.The launch of the HKEX Bursa Malaysia Large Cap Index is part of HKEX's commitment to building an exchange-led index ecosystem that will add vibrancy across the primary and secondary markets, whilst meeting growing demand for diversified regional investment opportunities.HKEX also hosts 30 Malaysian companies listed on its Exchange, part of a total of 103 issuers from Southeast Asia in Hong Kong.HKEX will continue to work closely with exchanges and partners across Asia to strengthen regional connectivity, broaden access to its products and support the long term development of global capital markets.
(Left to right) Bursa Malaysia Chief Executive Officer Dato’ Fad’l Mohamed and HKEX Chief Executive Officer Bonnie Y Chan sign a Memorandum of Understanding at Bursa Malaysia in Kuala Lumpur.
(Left to right) Bursa Malaysia Chief Executive Officer Dato’ Fad’l Mohamed and HKEX Chief Executive Officer Bonnie Y Chan exchange Tokens of Appreciation.
UK Financial Conduct Authority Fines Dinosaur Merchant Bank Limited For Market Abuse Surveillance Failures
The FCA has fined Dinosaur Merchant Bank Limited (DMBL) £338,000 for failing to put in place effective systems and controls to detect and report suspicious trading in its contracts for difference (CFD) business.
CFDs are sophisticated financial products that are used to speculate on various assets going up or down in value. Given their high-risk nature, firms must have strong and reliable surveillance arrangements to prevent insider dealing and market manipulation.
In June 2024, DMBL introduced a new order system that led to a sharp increase in CFD trading by its clients. Between June and October 2024, trades with a corresponding asset value of approximately $3.05 billion were executed via the platform. However, these orders and trades were not captured and reviewed by the automated surveillance system which meant that potential market abuse could have gone undetected.
Although DMBL identified this issue in October 2024, the firm failed to properly address the deficiencies until May 2025. The delay limited the firm’s ability to identify and report potentially suspicious trading.
Steve Smart, joint executive director of enforcement and market oversight, said:
‘DMBL’s failures had the potential to undermine the integrity of the market. Firms must ensure they have effective surveillance arrangements in place. We will continue to take action where this is not the case.’
DMBL fully cooperated with the FCA investigation and qualified for a 30% discount. Without this discount, the fine would have been £482,900. The firm stopped selling CFDs in May 2025. This case, taking just 9 months from opening to achieving a public outcome, demonstrates the FCA’s continued work to improve the pace of its enforcement investigations.
Background
Final Notice: Dinosaur Merchant Bank Limited (PDF).
DMBL breached Article 16(2) of the UK Market Abuse Regulations (UK MAR), SYSC 6.1.1R of the Senior Management Arrangements, Systems and Controls chapter of the FCA’s Handbook and Principle 3 of the FCA’s Principles for Businesses.
Market abuse surveillance systems serve to protect the integrity of financial markets, foster investor confidence and ensure fair trading by detecting, preventing and reporting illegal activities like insider dealing and market manipulation. They enable firms to comply with regulations (eg, UK MAR and the Market Abuse Directive on Criminal Sanctions) by analysing trade data for suspicious behaviour, such as spoofing or front-running, to identify misconduct at an early stage.
For further information on market abuse surveillance, read the FCA’s newsletter on market abuse surveillance and market abuse peer review into firms that offer CFDs.
Find out more about the FCA.
ICE Reports Record Market Activity As Customers Respond To Middle East Impacts
Open interest across Commodities & Energy, including Oil, Natural Gas and ICE Brent at all-time highs
Record 3.57 billion shares traded at NYSE Closing Auction, with record notional of $230.5 billion traded
Intercontinental Exchange, Inc. (NYSE: ICE), one of the world’s leading providers of financial market technology and data powering global capital markets, today reported on the trading activity across its global derivatives markets, as well as in equities trading at the New York Stock Exchange, as customers respond to events in the Middle East beginning February 28, 2026.
ICE’s Brent, Gasoil, Murban, Dubai, and TTF markets have continued to serve as the global benchmarks for crude, refined products, and natural gas, providing real time price transparency as customers hedge risk and respond to heightened geopolitical uncertainty.
Record Open Interest Across Key Benchmarks
ICE’s commodity markets have hit consistent open interest records throughout March 2026. Most recently on March 25, 2026, open interest reached new all time highs across commodity futures and options, underscoring the depth and liquidity of ICE’s benchmark portfolio and the continued adoption of ICE’s markets as global risk management tools. The open interest records include:
Record 76.8 million contracts in commodity futures and options
Record 72.7 million in energy futures and options
Record 46.6 million in natural gas futures and options, including a record 40.1 million in North American natural gas futures and options
Record 19.8 million in total oil futures and options, including a record 8.3 million in ICE Brent futures and options – the highest level in the global benchmark’s history
ICE’s options markets have been heavily utilized by participants with ICE’s commodity, energy, oil, and ICE Brent options markets at record open interest of 32.5 million, 30.8 million, 8.4 million and 5.1 million respectively.
On March 12, 2026, ICE’s markets reached record open interest of 125.4 million, including a record 51.2 million financial futures and options as customers manage changing expectations for inflation and interest rates.
Largest Trading Days in ICE History
On March 3, 2026, ICE recorded the highest daily volume in its history, with 35 million futures and options contracts traded. This included the highest volume trading days in:
Energy & Commodities
15 million commodity related contracts traded
14.5 million energy contracts traded
9.3 million oil contracts traded, including 1.4 million ICE Gasoil futures and options - the global price benchmark and most liquid middle distillate contract in the world
4.9 million natural gas futures and options
2.4 million ICE TTF futures and options — reinforcing TTF’s role as the global price benchmark for natural gas
Financial Futures & Options
19.9 million financial futures and options traded
Record volumes in ICE’s European short term interest rate benchmarks, including 11.5 million Euribor futures and options. SONIA has hit several record volume days including most recently on March 19, 2026, with 6.7 SONIA futures and options traded.
“Trust and liquidity of markets are paramount as customers manage risk to hedge against a rapidly changing pricing environment for commodities, and manage the implications across equities valuation and interest rate expectations,” said Ben Jackson, President of ICE. “In periods like this, more than ever, the resilience of exchange and clearing infrastructure is critical. Over the last 25 years, ICE’s relentless focus on investing in its technology and the breadth of its markets means our customers come to ICE to seek reliable liquidity and trusted pricing in all market conditions.”
“ICE’s energy complex gives customers precise tools to manage exposure across grades, regional flows, and the spread relationships between them,” continued Jackson. “In crude oil, ICE operates the most liquid benchmarks across every major producing region in the world. Surrounding these benchmarks is a deep set of differential contracts allowing customers to price dislocations across grades and locations globally, a critical ability in today’s landscape as customers manage supply risk, arbitrage flows, and price volatility.”
Meanwhile on March 20, 2026, ICE reached new records for equities trading at the New York Stock Exchange as well as in credit default swaps (CDS) clearing. A record 3.57 billion shares were traded at the NYSE’s Closing Auction, with a record notional of $230.5 billion traded, while a record $2.678 trillion in notional CDS cleared at ICE Clear Credit that day. The NYSE is the world’s largest equities exchange and the gold standard for trading technology, while ICE operates the largest clearing house in the world for clearing credit default swaps.
The NYSE Closing Auction remains the single largest daily liquidity event in U.S. cash equities trading, combining the NYSE's state-of-the-art Pillar trading technology with direct market maker facilitation to produce key anchor prices for listed companies. The previous record NYSE Closing Auction by volume was set on March 21, 2025.
LuxSE Announces Strategic Changes In Its Top Leadership Team - In A Move To Further Strengthen Its Commercial Footprint And Ensure Resilient Operations, The Luxembourg Stock Exchange (LuxSE) Appoints Two New Members To Its Executive Committee
The Luxembourg Stock Exchange (LuxSE) today announced strategic changes in its top leadership team. Subject to approval by Luxembourg’s financial supervisory authority the CSSF, Maxime Aerts and Laetitia Hamon have been appointed as new Members of LuxSE’s Executive Committee (ExCo), while Pierre Schoonbroodt has been appointed Deputy CEO.
“These senior appointments mark a natural next step in the ongoing implementation of our 2026 strategy, focusing on integrating our commercial activities and enhancing the resilience and efficiency of our operations. With this new leadership team, we are well positioned to connect traditional markets with digital finance, embrace AI, seize emerging opportunities in a rapidly evolving regulatory and geopolitical landscape, and ensure that LuxSE continues to contribute to sustainable economic development for years to come,“ stated Julie Becker, Chief Executive Officer (CEO) of LuxSE.
In recent years, LuxSE has considerably strengthened its commercial activities and increased its commercial teams to grow its market share and leadership position in international capital markets. With a view to further develop and diversify LuxSE’s commercial activities, all LuxSE’s commercial teams will now be brought together under the leadership of Arnaud Delestienne, Chief Commercial Officer (CCO).
To ensure efficient and resilient operations, LuxSE has created a new role and appointed Laetitia Hamon as Chief Operating Officer (COO). An internationally renowned sustainable finance expert, Laetitia Hamon joined LuxSE in 2020 as Head of Sustainable Finance and has led the Luxembourg Green Exchange (LGX) team and activities since then. In June 2025, she was promoted to Head of Operations and Sustainable Finance and took on the responsibility of LuxSE’s International Primary Markets operations. In her new role, Laetitia Hamon will gather all LuxSE’s business operations under her leadership.
Maxime Aerts, LuxSE’s Chief Information Officer (CIO) since 1 November 2025, has been appointed as Member of the ExCo after acting as Observer since his interim CIO appointment in June, 2025. Maxime Aerts previously spent 10 years at Fundsquare, a former LuxSE subsidiary, building in-depth expertise of the Exchange’s infrastructure and operations. He leads 70+ experts in LuxSE’s IT department, ensuring a solid infrastructure for LuxSE’s markets. As a Member of the ExCo, the CIO helps make technological developments and opportunities an integral part of all strategic discussions.
Pierre Schoonbroodt, Chief Financial Officer (CFO) of LuxSE since 2013 and member of the ExCo since 2016, has been appointed as Deputy CEO of LuxSE. He is responsible for LuxSE’s financial strategy, investment portfolio and leads the Exchange’s corporate and strategic developments, including Mergers & Acquisitions. Over the past years, Pierre Schoonbroodt has also been responsible for LuxSE’s markets & surveillance activities. In his new role as Deputy CEO, Pierre Schoonbroodt will help strengthen LuxSE’s international presence and visibility and will represent LuxSE alongside CEO Julie Becker.
“On behalf of the Board of Directors of the Luxembourg Stock Exchange, I would like to congratulate Pierre Schoonbroodt, Maxime Aerts and Laetitia Hamon on their new appointments. Over the years, LuxSE has demonstrated a remarkable ability to pioneer developments in international capital markets and gain market share in new regions and sectors. By strengthening its commercial footprint and expanding the Executive Committee, I am confident the Exchange will continue to advance on its growth path through innovation, operational efficiency and commercial dynamism,” commented Alain Kinsch, President of the Board of Directors of LuxSE.
Once the official regulatory approvals have been obtained, the composition of LuxSE’s Executive Committee will be as follows:
Julie Becker, CEO and Chair of the ExCo
Pierre Schoonbroodt, Deputy CEO and CFO
Arnaud Delestienne, CCO
Maxime Aerts, CIO
Laetitia Hamon, COO
London Stock Exchange Group PLC Transaction In Own Shares
London Stock Exchange Group plc (LSEG) announces today that it has purchased the following number of its ordinary shares of 679/86 pence each on the London Stock Exchange from Morgan Stanley & Co. International Plc (Morgan Stanley) as part of its share buyback programme, as announced on 26 February 2026:
Ordinary Shares
Date of purchase:
26 March 2026
Number of ordinary shares purchased:
359,769
Highest price paid per share:
8,476.00p
Lowest price paid per share:
8,236.00p
Volume weighted average price per share:
8,338.68p
LSEG intends to cancel all of the purchased shares.
Following the cancellation of the repurchased shares, LSEG has 498,618,950 ordinary shares of 679/86 pence each in issue (excluding treasury shares) and holds 21,451,599 of its ordinary shares of 679/86 pence each in treasury. Therefore, the total voting rights in the Company will be 498,618,950. This figure for the total number of voting rights may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of Market Abuse Regulation (EU) No 596/2014 (as it forms part of the law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter) a full breakdown of the individual trades made by the Morgan Stanley on behalf of the Company as part of the buyback programme can be found at:
http://www.rns-pdf.londonstockexchange.com/rns/3438Y_1-2026-3-26.pdf
This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
Schedule of Purchases
Shares purchased:
359,769
Date of purchases:
26 March 2026
Investment firm:
Morgan Stanley & Co. International Plc
Aggregate Information:
Venue
Volume weighted average price
Aggregated Volume
Lowest price per share
Highest price per share
XLON
8,337.19p
334,681
8,236.00p
8,470.00p
TRQX
8,358.53p
25,088
8,252.00p
8,476.00p
ASIC Updates Financial Reporting Relief Instruments
ASIC has remade three legislative instruments that provide financial reporting relief following consultation with industry.
The new instruments, which replace instruments due to sunset on 1 April 2026, are:
ASIC Corporations (Rounding in Financial/Directors' Reports) Instrument 2026/183
ASIC Corporations (Electronic Lodgment of Financial and Sustainability Reports) Instrument 2026/59, and
ASIC Corporations (Disregarding Technical Relief) Instrument 2026/180.
These instruments will expire on 1 April 2031.
ASIC consulted on our proposal to:
remake the three instruments
withdraw Regulatory Guide 28 Relief from dual lodgment of financial reports (RG 28) because it provides redundant guidance, and
repeal ASIC Corporations (Offer Information Statements) Instrument 2016/76 in CS 45 Proposed remake and sunset of financial reporting-related legislative instruments.
As a result, in addition to remaking the three instruments, ASIC will:
withdraw RG 28
repeal ASIC Instrument 2016/76 consistent with the proposal to allow the instrument to expire
amend ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 to reflect the remade ASIC Instrument 2026/180, and
make minor amendments to RG 125, RG 173, RG 189, RG 254 and INFO 31 in April 2026.
Background
ASIC Instrument 2026/183 allows entities to round amounts presented in financial reports and directors’ reports to the nearest thousand dollars. The remade instrument replaces ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2016/191.ASIC Instrument 2026/59 allows entities listed on the securities exchanges operated by ASX Limited, Cboe Australia (Cboe), National Stock Exchange of Australia Limited and Sydney Stock Exchange Limited to lodge financial, sustainability and directors’ reports electronically with the market operator without having to lodge the reports with ASIC. The remade instrument replaces ASIC Corporations (Electronic Lodgment of Financial and Sustainability Reports) Instrument 2016/181 and extends the relief to entities listed on Cboe.
ASIC Instrument 2026/180 allows entities to prepare a disclosure document or product disclosure statement for ‘continuously quoted securities’ under sections 713 and 1013FA of the Corporations Act 2001(Corporations Act) and to lodge ‘cleansing notices’ under sections 708A and 1012DA of the Corporations Act. The remade instrument replaces ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73.
Related links
ASIC proposes updates to legislative instruments about financial reporting
Singapore Sets Out Key Focus Areas To Develop Singapore As A Gold Trading Centre
The Monetary Authority of Singapore (MAS) and the Singapore Bullion Market Association (SBMA) today set out key focus areas to strengthen Singapore’s position as a trusted gold trading centre serving the Asia-Pacific region. This will meet the growing interest among investors to vault and trade gold in Singapore. The key focus areas were developed by a Gold Market Development Working Group that MAS and SBMA established in January 2026, building on detailed discussions and studies with industry participants in 2025.
2 The working group has identified several focus areas where measures aimed at strengthening Singapore’s gold ecosystem will be developed. These include developing gold-related capital market products to facilitate price discovery and build liquidity, putting in place robust and internationally-aligned standards for vaulting and logistics, and building a clearing system to support secure and efficient over-the-counter settlement for trading large bar and kilobar gold[1] in Singapore. MAS will also look to provide vaulting services for foreign central banks and sovereign entities to meet potential demand.
3 Taken together, these efforts will foster greater market confidence and position Singapore as a trusted and vibrant regional gold centre, complementing other major gold centres. Our goal is to anchor high-value activities here, create good jobs for Singaporeans, enhance the resilience and diversity of Singapore’s financial sector, and benefit market participants in Singapore and the region.
4 The working group comprises key private sector stakeholders that are integral to growing Singapore’s gold market and attracting more investor interest. The working group is co-chaired by MAS and SBMA, and comprises members from DBS Bank, ICBC Standard Bank, JPMorgan Chase Bank, UBS AG, United Overseas Bank, SGX Group, and the World Gold Council. The working group is supported by technical workstreams with a broader group of stakeholders including banks, vault operators, a precious metals refinery, and trading houses.
5 The composition of the working group and participating institutions in the technical workstreams is set out in Annex A. Over the next few months, the working group will flesh out details for the different measures under each of the key focus areas set out above and provide periodic updates on implementation over the course of 2026.
***
[1] Large bars refer to 400 troy ounce (about 12.4kg) gold bars, which is the preferred standard in the London market for institutional trading and settlement. The kilobar (1kg) is the preferred standard in Asian markets, and is also an accepted delivery option for COMEX gold futures contracts in the United States.
Resources
Annex A - Composition of the Gold Market Development Working Group (145.6 KB)
US Treasury Announces President Donald J. Trump’s Signature To Appear On Future U.S. Paper Currency
In honor of the 250th anniversary of the United States of America, President Donald J. Trump’s signature will appear on future U.S. paper currency along with the Secretary of the Treasury, marking the first time in history for a sitting president.
“Under President Trump’s leadership, we are on a path toward unprecedented economic growth, lasting dollar dominance, and fiscal strength and stability,” said Secretary of the Treasury Scott Bessent. “There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial.”
“As the 250th anniversary of our great nation approaches, American currency will continue to stand as a symbol of prosperity, strength, and the unshakable spirit of the American people under President Trump’s leadership,” said Treasurer Brandon Beach. “The President’s mark on history as the architect of America’s Golden Age economic revival is undeniable. Printing his signature on the American currency is not only appropriate, but also well deserved.”
Federal Reserve Board Announces It Has Made The Joint Findings With The Office Of The Comptroller Of The Currency Required For The OCC To Approve A Request By Morgan Stanley Bank, N.A., For An Exemption Under Section 23A Of The Federal Reserve Act
The Federal Reserve Board on Thursday announced it has made the joint findings with the Office of the Comptroller of the Currency (OCC) required for the OCC to approve a request by Morgan Stanley Bank, N.A., of Salt Lake City, Utah, for an exemption under section 23A of the Federal Reserve Act. Section 23A establishes limits and imposes requirements on a bank's transactions with its affiliates. The bank submitted the request in order to engage in an internal corporate reorganization involving its affiliate, Morgan Stanley Europe SE, Frankfurt am Main, Germany.
Order (PDF)
Statement by Vice Chair Philip N. Jefferson
Statement by Vice Chair for Supervision Michelle W. Bowman
Statement by Governor Michael S. Barr
Statement by Governor Lisa D. Cook
Changes To The Expanded Opening And Intra-Day Quote Width Requirements And Order Monitor Settings For Certain Symbols Trading On MIAX Options And MIAX Emerald Options Beginning Wednesday, April 1, 2026, Through Tuesday, June 30, 2026
MIAX Options and MIAX Emerald Options will change the maximum valid bid/ask differentials for certain symbols traded on the Exchanges. The changes to the extended quote width requirements will begin on Wednesday, April 1, 2026, and remain in effect through Tuesday, June 30, 2026, unless withdrawn by the Exchanges before that time.For additional information on the expanded bid/ask differentials, please refer to the following Regulatory Circulars:
MIAX Options RC 2026-45
MIAX Emerald Options RC 2025-34
Global Financial Centres Index 39 - Top Four Financial Centres Clear Leaders
The 39th edition of the Global Financial Centres Index (GFCI 39) was published today by Z/Yen Group in partnership with the China Development Institute (CDI).
New York continues to lead the index, in first place since GFCI 24, published in September 2018.
Only one rating point now separates each of the top four centres in the index, New York, London, Hong Kong, and Singapore.
Dubai and Tokyo enter the top 10, replacing Chicago and Los Angeles.
Overall, the rating for almost all centres fell, with the average rating across all centres down 1.82%. The largest fall in average ratings was in Latin America and The Caribbean down 2.5%, and the smallest decrease was in Eastern Europe & Central Asia, where average ratings fell by 0.56%.
There is no change among the top five FinTech rankings, with Hong Kong in top position followed by Shenzhen, New York, Singapore, and London.
Chinese and US centres continue to feature strongly in FinTech, with five US centres and six Chinese centres in the top 20. This reflects the continuing strength of their economies in the development of technology applications.
We have also researched views on the aspects of regulation that are most important to the development of financial centres. The most important factor was predictability, followed by the speed of regulatory response, flexibility, and the quality of regulation. Cost was identified as the least important aspect by those responding to the survey.
The top 20 centres in GFCI 39 are shown in the table below:
Full details of GFCI 39 can be found at www.globalfinancialcentres.net.
Professor Michael Mainelli, Chairman of Z/Yen, said:“The significant gap in ratings between the leading four centres and the rest implies there is no paradox of increasing concentration on fewer safe centres during a period of increasing deglobalisation. Still, with Dubai and Tokyo bouncing Chicago and Los Angeles out of the top 10, competition is keen. The data for this edition of the GFCI predate the current conflict in the Middle East. We anticipate that the economic shocks caused by that conflict will materially affect future editions of the index.”
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