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ASIC Publishes Updated IDR Data Reporting Handbook
ASIC has today released an update to the Internal Dispute Resolution (IDR) data reporting handbook to reflect recent legislative and regulatory changes in the Buy now, pay later (BNPL) and digital asset sectors.
The updated handbook also includes a new product category for mutual risk products (MRPs), enhancing accuracy for firms reporting complaints about these products.
ASIC is releasing this new handbook early, to allow firms sufficient time to make necessary changes to their reporting systems and processes.
Financial firms should familiarise themselves with the changes now to ensure they are recording complaints in accordance with the updated product and issue numbers.
IDR reporting is unchanged for the upcoming January to February 2026 submission window, which covers complaints open or received between 1 July and 31 December 2025.
Firms will first report complaints using the updated handbook in the July to August 2026 submission window, which covers complaints open or received between 1 January and 30 June 2026.
The updated handbook and an overview of changes is available from ASIC’s IDR data reporting page.
To give legal effect to the updated handbook, ASIC will amend ASIC Corporations (Internal Dispute Resolution Data Reporting) Instrument 2022/205 prior to the commencement of the July to August 2026 submission window.
Bouali Sina Petrochemical Celebrates IPO Anniversary At Tehran Securities Exchange
Bouali Sina Petrochemical Company (BSPC)’s executives joined Tehran Securities Exchange (TSE)’s opening bell ceremony on Sunday 30 November 2025.
The ceremony, held in the presence of senior TSE officials and a group of market participants, provided an opportunity to review the company’s key achievements and outline its future strategic plans.
Delivering the keynote address, Mr. Mohammad Javad Badri, BSPC’s Chief Executive Officer praised the TSE for the initiative and highlighted the company’s performance since its listing.
“Since BSPC’s listing at the capital market, the company has placed transparency and accountability at the heart of its operations,” he added.
The CEO identified frequent regulatory changes and administrative interventions as major challenges facing capital market participants. He also emphasized: “Regulatory certainty is essential for long-term industrial planning and for removing barriers to development.”
Reaffirming the company’s dedication to shareholder engagement, he stressed the importance of harnessing capital market instruments to drive future growth and operational expansion.
Notably, BSPC was listed at TSE in November 2020 under the ticker symbol “BONA” and currently holds the eighth position by market capitalization among the 35 companies in the Chemical Products Industry, with a market value exceeding IRR 680 trillion.
The company plays a significant role in Iran’s non-oil exports and is integrated into the broader value chain of the National Petrochemical Company, contributing to the country’s industrial and economic development. With an area of 36 hectares, BSPC is located in the Special Economic Zone of Bandar-e Emam, Khuzestan Province, northwest of the Persian Gulf. This complex is the third aromatic project in Iran’s petrochemical industry, the commissioning of which began in April 2001, and its production units were launched in 2004.
Tehran Securities Exchange Weekly Market Snapshot, Week Ended 26 November 2025
Click here to download Tehran Securities Exchange's weekly market snapshot.
MIAX Exchange Group - Options Markets - December 1, 2025 Fee Updates
Effective December 1, 2025, pending filing with the SEC, MIAX Options, MIAX Pearl Options, MIAX Emerald Options, and MIAX Sapphire Options will amend the fee schedules as follows:
MIAX Options, MIAX Pearl Options, MIAX Emerald Options, and MIAX Sapphire Options Exchanges
On each Exchange, under ‘Fees for Customer Orders Routed to Other Options Exchanges’, MEMX will be in the following category – ‘Routed, Public Customer that is not a Priority Customer in Non-Penny Program’ with a $1.40 fee
MIAX Options, MIAX Emerald Options, and MIAX Sapphire Options Exchanges
On each Exchange, Members and non-Members will not be assessed Network Connectivity Fees for up to two (2) 1 Gb connections as long as the 1 Gb connection is used solely to route the stock portion of a Stock-Option Order to an away Trading Center for execution on behalf of the Exchanges
MIAX Emerald Options Exchange
For Members in Priority Customer Tier 4 and who has achieved at least 0.90% of Total Market Maker sides volume and at least 0.60% of Priority Customer, Maker sides volume, both thresholds as a percentage of OCC Customer volume (CTCV), Priority Customer Simple Orders that are providing liquidity and trading against an affiliated Market Maker, the rebates will be ($0.49) for Penny classes and ($0.95) for non-Penny classes
Attached are highlighted summaries of the December 2025 fee changes for the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options, and MIAX Sapphire Options Exchange.
December 1, 2025 Fee Updates
MIAX Options Exchange
MIAX Pearl Options Exchange
MIAX Emerald Exchange
MIAX Sapphire Exchange
Nigerian Exchange Weekly Market Report For Th0e Week Ended 28 November 2025
A total turnover of 4.140 billion shares worth N115.889 billion in 102,351 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.668 billion shares valued at N106.264 billion that exchanged hands last week in 107,998 deals.
Click here for full details.
Basel Committee Publishes More Details On The 2025 Assessment Of Global Systemically Important Banks
Basel Committee provides additional information regarding the 2025 G-SIB assessment.
Further details include global denominators and individual bank indicators.
The release accompanies the Financial Stability Board's updated G-SIB list.
The Basel Committee on Banking Supervision today published further information related to its 2025 assessment of global systemically important banks (G-SIBs), with additional details to improve understanding of the scoring methodology.
The publication accompanies the Financial Stability Board's release of the updated list of G-SIBs and includes:
The denominators of the high-level indicators used to calculate banks' scores.
The high-level indicators for each bank in the sample used to calculate these denominators.
The cut-off score used to identify the G-SIBs in the updated list and the thresholds used to allocate G-SIBs to buckets for calculating the higher loss-absorbency requirements.
The Committee's methodology assesses the systemic importance of global banks using indicators calculated from data for the previous fiscal year-end (2024) supplied by banks and validated by national authorities. The final scores are mapped to corresponding buckets that determine the higher loss-absorbency requirement for each G-SIB.
The Basel Committee's G-SIB interactive dashboard has been updated to reflect the latest results.
Ontario Securities Commission Seeks Comment On Priorities For 2026-2027
The Ontario Securities Commission (OSC) is seeking feedback from stakeholders on its proposed Statement of Priorities for 2026-2027 (SoP), which includes initiatives we will undertake in support of the OSC’s 2024-2030 Strategic Plan (Strategic Plan), published in May 2024.
The Strategic Plan sets the long-term direction for our work, while the Statement of Priorities highlights the key areas the OSC will focus on in the coming year.
“The rapidly evolving global political and economic environment underscores the need for the OSC to demonstrate agility, timely and strategic responsiveness, and a sharpened focus on competitiveness,” said Grant Vingoe, CEO of the OSC. “The OSC has already undertaken measures to support businesses at all stages across the capital markets continuum. We will continue to identify opportunities to further support capital formation and enhance competitiveness, while maintaining investor protections.”
Please visit the OSC website to review the proposed OSC Statement of Priorities for 2026-2027. Written comments can be submitted until January 12, 2026. Following a review of the comments, any necessary revisions will be incorporated into the final priorities which will be published as part of the OSC Business Plan in Spring 2026.
The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.ca.
Wiener Börse Punsch 2025: Financial Community Signals Support For Inclusive Education And Against Waste
Last evening, the Austrian financial community gathered once again for the traditional Wiener Börse Punsch. In the atmospheric courtyard of Palais Caprara-Geymüller, around 600 guests from the financial sector, business and politics came together. This year marked the 23rd edition of the event.
As in previous years, the evening also reflected commitment to social responsibility: For a good cause, jams produced by the Vienna-based company “Unverschwendet” (Unwasted) were sold. What makes these products special is that they are made from surplus yet perfectly edible ingredients that would otherwise have gone to waste. All proceeds from the sales at the Wiener Börse Punsch will benefit the integrative START education programme. In addition, CEO Christoph Boschan and CFO Andrea Herrmann presented a donation cheque of EUR 10,000 to the initiative on behalf of Wiener Börse AG.
Photo gallery of the event including press photo of the donation handover
Finansinspektionen: Amendments In The Periodic Reporting On AML/CFT
Every year, FI requests information from undertakings that are subject to the money laundering regulations. The information is used as a basis for FI's risk-based supervision. A number of new questions have been added to next year's periodic reporting on money laundering.
The new questions covers mainly the organization of companies, the freedom to provide services and frozen assets. We have also updated our FAQ:s in Swedish and English. The English FAQ includes an overview and a translation of the questions.
Read about the new questions in the link below.
Reporting to FI
CME Globex Platform Is Restored, Bursa Malaysia Derivatives Trading Expected To Resume On Monday
Bursa Malaysia Berhad is preparing for the resumption of all derivatives trading on 1 December 2025 (Monday) as per normal market trading hours.
This follows the restoration of the Chicago Mercantile Exchange (“CME”) Group’s Globex electronic trading platform by CME by 9:00 p.m. Malaysian time.
HKEX: Report On Initial Public Offering Applications, Delisting And Suspensions (November 2025)
This monthly report provides key statistics relating to the various stages in discharging our regulatory oversight duties during the reporting period. The information for the reporting period covers, among others, the number of applications processed and their current status, the number of comment letters and guidance issued to new/ potential new listing applicants and their advisers with the corresponding processing time, the number of rejection and return of listing applications, as well as the number of delisted and suspended companies.
Overview of listed companies
Main Board GEM Total
Number of listed companies
1. As at 1 January 2025
2,308
323
2,631
2. Newly listed companies
92
1
93
3. Delisted companies
48
12
60
4. As at 28 November 2025
2,352
312
2,664
Initial Public Offering Applications (As at 28 November 2025)
Main Board GEM Others (1) Total
A. Applications Processed (2025 Year-to-date)(2) (3) (4)
496
_____
11
_____
51
_____
558
_____
1. Applications brought forward from 31 December 2024 and renewal applications
94
0
2
96
2. New applications acknowledged in 2025 (5)
402
_____
11
_____
49
_____
462
_____
Total
496
11
51
558
The application status of which as at 28 November 2025(2)
1. Listed (6)
92
1
45
138
2. Approved by the Listing Committee pending listing
25
0
1
26
3. Under processing
331
7
3
341
4. Others (i.e. lapsed (7), rejected (8) , returned (8) (9) or withdrawn)
48
_____
3
_____
2
_____
53
_____
Total
496
11
51
558
Below are the respective processing time taken by the Exchange in respect of different types of submissions. In this table, the data covers the letters/ responses made by the Exchange within the relevant reporting month, and the processing time taken by the Exchange refers to business days taken between the acknowledgement date of the relevant application/ submission and the date of issue of the letter/ response by the Exchange.
The Exchange treats all applicants fairly and equally in accordance with relevant Listing Rules, and the length of the processing time depends on various factors including quality and timeliness of the applicants’ responses and time required for obtaining clearance by the applicant from other relevant authorities and regulators. The Exchange generally does not impose any deadline for response to its comment letters/ guidance.
B. Processing Time
Guidance Issued in November 2025 on Potential New Applications on Matters Relating to the Listing Rules
24
Median of business days taken by the Exchange for issuing written response
10
First Comment Letters Issued in November 2025 on New Applications
34
Median of business days taken by the Exchange for issuing first comment letter
13
Second Comment Letters Issued in November 2025 on Applications
21
Median of business days taken by the Exchange for issuing second comment letter
15
Hearing Bundle Letters Issued in November 2025 on Applications (10)(11)
44
Median of business days taken by the Exchange for issuing hearing bundle letter
10
Applications with Incomplete Response/ Major Concerns Letters/ Comment Letters on New Material Developments Issued in November 2025 (12)
7
Applications presented to the Listing Committee hearing for the 12 months ended 28 November 2025 (13)
113
1. Median of total business days taken by the Exchange to issue comments from the listing application acknowledgement date to the date of hearing bundle letter (13) (14)
31
2. Median of total business days taken by parties other than the Exchange (e.g. sponsors) from the listing application acknowledgement date to the date of hearing bundle letter (14)
55
3. Median of total business days taken from the listing application acknowledgement date to the date of hearing bundle letter (14)
89
New Listings for the 12 months ended 28 November 2025 (15)
103
Median of total business days from the Listing Committee hearing to listing
20
(1)
Including application by investment vehicle pursuant to Chapters 20 and 21 of the Main Board Listing Rules.
(2)
The number of applications processed also includes application by investment vehicle pursuant to Chapters 20 and 21 of the Main Board Listing Rules, application for transfer of listing from GEM to the Main Board, application for listing of a successor company which satisfies the new listing requirements under Chapter 8 of Main Board Listing Rule as a result of an acquisition of, or a business combination with, a De-SPAC target by a SPAC, and deemed new applicant pursuant to Main Board Listing Rules 8.21C or 14.84/ GEM Listing Rule 19.84, and very substantial acquisition treated as reverse takeover pursuant to Main Board Listing Rule 14.06(6)/ GEM Listing Rule 19.06(6). Renewal applications refer to applications acknowledged within three months following a lapsed application by the same applicant. In this context, the Exchange considers such renewal application as a continuance of its original application. New applications include (i) applications filed with the Exchange for the first time; and (ii) applications filed after a returned, rejected or withdrawn application, or more than three months after a lapsed application by the same applicant.
(3)
For the applications processed in a relevant reporting year, they include applications that were approved by the Listing Committee prior to, or during, the relevant reporting year. As at the date of this report, 101 Main Board applications and 1 GEM application were approved by the Listing Committee during 2025.
(4)
The applications processed in 2025 include 439 applications under the Enhanced Application Timeframe (as defined in the Joint Statement on Enhanced Timeframe for New Listing Application Process issued by the Exchange and Securities and Futures Commission on 18 October 2024 (the Joint Statement)), of which there were 90 eligible A-share listed companies for Accelerated Timeframe (as defined in the Joint Statement).
(5)
New Applications acknowledged in November 2025 include 45 Main Board applications, 0 GEM application, and 6 applications pursuant to Chapter 20 of the Main Board Listing Rules.
(6)
Including 1 transfer of listing from GEM to the Main Board, 1 listing of a successor company which satisfies the new listing requirements under Main Board Chapter 8 as a result of an acquisition of, or a business combination with, a De-SPAC target by a SPAC, and nil listing of a deemed new applicant pursuant to Main Board Listing Rules 8.21C or 14.84/ GEM Listing Rule 19.84, and very substantial acquisition treated as reverse takeover pursuant to Main Board Listing Rule 14.06(6)/ GEM Listing Rule 19.06(6).
(7)
An application shall lapse when six months have elapsed since the submission of an application form pursuant to Main Board Listing Rule 9.03/ GEM Listing Rule 12.07.
(8)
There have been nil rejection and 1 return of listing application for the year to date. If an application is rejected or returned, the same applicant may resubmit a new listing application once it has subsequently satisfied all applicable Listing Rules.
(9)
Applications returned on the ground that the information in the listing application proof or related documents is not substantially complete.
(10)
Subsequent to the issuance of the hearing bundle letter, when the applicants and their sponsors have a listing document that is ready for hearing, and having obtained all requisite approvals from other authorities or regulators, the application will proceed to the hearing.
(11)
Including 9 hearing bundle letters issued for applications under the Accelerated Timeframe for eligible A-share listed company.
(12)
Including 7 incomplete response/ nil major concerns letters/ nil comment letters on new material developments were issued. Generally, the reasons for issuing the above letters are related to material legal/ regulatory development/ material complaint/ material changes in financial information/ pending update of financial information (including, for example, applications relying on early filing).
(13)
The applications presented to the Listing Committee hearing for the 12 months ended 28 November 2025 include 71 applications under the Enhanced Application Timeframe since 18 October 2024 of which 15 applications were under the Accelerated Timeframe for eligible A-share listed company. Pursuant to the Joint Statement, the business days taken for each round of comments may be subject to slight adjustments, but overall it is expected that the time taken by the Exchange will be no more than 40 business days.
(14)
For applications acknowledged prior to the adoption of the Enhanced Application Timeframe, the latest round of comment letter issued by the Exchange immediately prior to the hearing is treated as the hearing bundle letter for computation purpose.
(15)
Not including listings by investment vehicle(s) (including Exchange Traded Funds (ETFs) and Real Estate Investment Trust (REITs)) and investment companies pursuant to Chapters 20 and 21 of the Main Board Listing Rules.
Delisting and Suspension Information (As at 28 November 2025)
Main Board GEM Total
A. Number of delisted companies (since 1 January 2025)
1. Cancellation of listing pursuant to delisting procedures under the Listing Rules
22
7
29
2. Voluntary withdrawal of listing (16)
25
3
28
3. Transfer of listing from GEM to Main Board
N/A
2
2
4. De-SPAC transaction (17)
1
_____
N/A
_____
1
_____
Total
48
12
60
B. Number of companies in suspension for three months or more (as at 28 November 2025)
1. Delisting approval by the Listing Committee
9
1
10 (18)
2. Other suspended companies (19)
61 (20)
_____
13 (21)
_____
74
_____
Total
70
14
84
(16)
Either under (a) a compulsory acquisition under Main Board Rule 6.15(1) or GEM Rule 9.23(1) or (b) a privatisation by way of a scheme of arrangement or capital reorganisation under Main Board Rule 6.15(2) or GEM Rule 9.23(2).
(17)
An acquisition of, or a business combination with, a De-SPAC target by a SPAC that results in the listing of a successor company which satisfies the new listing requirements under Chapter 8 of Main Board Listing Rule.
(18)
8 Main Board companies and 1 GEM company have applied to the Exchange to review the delisting decisions of the Listing Committee. The review procedures are in progress.
(19)
The Exchange may cancel the listing of companies if trading in their securities has remained suspended for 18 continuous months under Main Board Rule 6.01A or 12 continuous months under GEM Rule 9.14A. Depending on the specific facts and circumstances of a suspended company, the Exchange may at any time publish a delisting notice stating its right to delist the company if it fails to resume trading within a shorter period specified in the notice.
(20)
Please refer to the Monthly Prolonged Suspension Status Report (Main Board) for the status of companies suspended for three months or more.
(21)
Please refer to the Monthly Prolonged Suspension Status Report (GEM) for the status of companies suspended for three months or more.
ACER And ESMA: Algorithmic Trading Tops The Agenda Of The Financial And Energy Regulators’ Forum
The Energy Trading Enforcement Forum (ETEF) is the forum where energy and financial regulators and the two EU Agencies (ESMA and ACER) meet annually.
At its 8th forum in Paris on November 6, the main topics discussed included trends in manipulative behaviour based on algorithmic trading and the first referrals from National Competent Authorities to prosecutors for market abuse involving energy products classed as financial instruments.
The forum also covered the importance of data sharing and the continued cooperation between authorities, as the regulatory oversight of potential market abuse in the trading of energy and financial products falls under two EU regulatory frameworks: the Wholesale Energy Market Integrity and Transparency (REMIT) and the Market Abuse Regulation (MAR).
For more information on the work of ACER and ESMA to protect energy and financial markets from abuse, visit the dedicated pages on the ACER and ESMA websites.
See the joint press release.
Malawi Stock Exchange Weekly Summary Report, 28 November 2025
Click here to download Malawi Stock Exchange's weekly summary report.
LME To Recalibrate Fee Schedule To Support Its Drive For Greater Transparency And Enhanced Electronic Liquidity
Changes will reflect the LME’s strategic goal of enhancing liquidity on the LMEselect electronic platform.
Client electronic trading and clearing fees to drop by between 7.4% and 8.5%.
Inflationary increase of between 3.4% and 3.7% for member electronic transaction fees.
“All-in” transaction cost for a client outright trade on LMEselect falling by 4.5%.
Key physical market transactions (Ring and short-dated carries) limited to inflationary fee increases.
Larger increases for all other inter-office transaction fees (between 20.0% and 20.3%), except for options which will only see an inflationary increase.
No change to financial OTC booking fee given recent changes, with future intention to reflect inter-office fee increase.
Most fee changes introduced from 1 January 2026; venue-differentiated client transaction fees to apply from 1 March 2026.
The LME Group has today set out its combined trading and clearing fee schedule for 2026. The changes reflect a recalibration of the schedule to align with the LME’s strategy to enhance electronic liquidity and price transparency while supporting physical market trading practices.
Matthew Chamberlain, LME Chief Executive Officer, said: “As we continue to advance our market structure modernisation work, we will be aligning our fee schedule more closely to our strategic aspirations. As such, we are pleased to be reducing client electronic fees, underscoring the confidence we have in our vision to enhance electronic liquidity through greater transparency and price competition.
“While we believe that higher fees are appropriate for more bespoke inter-office trading, we remain committed to maintaining lower fees for trades that are key to physical market trading practices, such as Ring trades and short-dated carry trades on all venues – which ultimately benefit the whole market.”
Client fee reductions for electronic trading
Client transaction fees for trades executed on LMEselect will see significant reductions of between 7.4% and 8.5% (across outrights and carries). This is intended to incentivise centralised electronic trading that contributes to transparent price formation.
This means that for a client “all-in” LMEselect trade for an outright date (which includes the combined member and client fees), there is an overall reduction of 4.5%. This will be of value to the LME’s growing electronic trading community, which has been a key contributor to recent LME volume growth.
More broadly, as part of its market modernisation measures, the LME is introducing a new crossing order type in 2026, which will allow any exchange trade to be made visible on the electronic order book. This means such trades would qualify for the discounted electronic fees and facilitate lower-cost execution for any type of client, including trades subject to the LME’s forthcoming block thresholds.
Additionally, give-up and client trade-at-settlement (TAS) fees will be held flat, reflecting their important role in the enablement of electronic liquidity.
Larger inter-office trading and clearing fee increases
Larger increases to both member and client inter-office fees (between 20.0% and 20.3%, across outrights and long- and medium-dated carries) will also be introduced, which again reflect the LME’s desire to direct as much trading as possible to the transparent electronic orderbook. Subject to block threshold rules, members and clients will still be free to execute in the inter-office market, with more bespoke inter-office trades attracting a higher fee.
As an exception, options trading and clearing fees will rise only by inflation, acknowledging the forthcoming electronic options market launch as outlined in the recently published options roadmap.
Key physical market activities
Short-dated carries, used by those wishing to align hedges with physical contracts or shipments, will see no fee change when executed on the Ring and will see an inflationary fee increase when executed in the inter-office market. This will support the LME’s date structure and physical market sector.
Additionally, the LME intends to expand the definition of a short-dated carry to coincide with the introduction of block thresholds. This means all users will benefit from a lower fee for a wider set of carry trades, irrespective of the trading venue.
Financial OTC booking fee held at current levels
As previously stated, the LME’s intention is that the “non-lookalike” financial OTC booking fee should be aligned with inter-office fees, and that the “lookalike” financial OTC booking fee should be charged at a premium. However, given the recent introduction of the differentiated OTC booking fee, the LME will not reflect the inter-office fee increase in either booking fee at this time.
Other inflationary fee increases
All other transaction fees will increase in line with inflation (between 2.6% and 3.7%). This includes member electronic fees and all Ring fees, given the significance of the Ring for the physical market. All other ancillary fees will generally be subject to an inflationary increase of approximately 3%.
The new fee schedule will go live from 1 January 2026, with the exception of client transaction fees, which will apply from 1 March 2026, allowing members time to implement any process changes required specifically in relation to client order types. In the interim period, from 1 January to 28 February 2026, the LME will apply inflationary increases to the existing client transaction fees.
Trading Of Bursa Malaysia Derivatives’ Products On CME Group’s Globex System Remains Halted For The Day
Trading of Bursa Malaysia Derivatives’ products on the Globex system1 will not resume today following an outage on Globex, which is Chicago Mercantile Exchange (“CME”) Group’s electronic trading platform that facilitates global derivatives trading. Settlement of Bursa Malaysia Derivatives’ contracts continued as normal throughout the day.
Bursa Malaysia is in close contact with CME Group to restore trading and will continue to monitor the situation. We appreciate market participants’ patience during this disruption and will notify stakeholders as soon as the issue is resolved.
The disruption was caused by a cooling issue at CyrusOne data centres supporting the Globex system
Nasdaq Dubai Welcomes USD 500 Million Sukuk Listing By Sharjah Islamic Bank
Sharjah Islamic Bank’s second Sukuk listing of 2025 received strong demand from regional and international investors reflecting confidence in Dubai’s Islamic capital markets
Total outstanding value of Sukuk listed on Nasdaq Dubai rises to USD 103 billion
Nasdaq Dubai has welcomed the listing of a USD 500 million Sukuk by Sharjah Islamic Bank (SIB), issued under its USD 3 billion Trust Certificate Issuance Programme. The five-year Sukuk, maturing in November 2030, carries a profit rate of 4.6%.
The issuance attracted strong demand from regional and international investors, reflecting confidence in Sharjah Islamic Bank’s financial strength and strategic direction. This issuance marks the second Sukuk listed by SIB on Nasdaq Dubai in 2025, bringing the Bank’s total Sukuk listings under this programme on the exchange to USD 1.5 billion. Proceeds from the issuance will be used for the bank’s general corporate purposes.
The continued collaboration between SIB and Nasdaq Dubai highlights the Bank’s commitment to deepening its engagement with global capital markets and its pivotal role in supporting the UAE’s Islamic finance ecosystem.
To commemorate the listing, HE. Ahmed Saad, Deputy CEO of Sharjah Islamic Bank rang the market-opening bell at Nasdaq Dubai in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
HE. Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, said: "The successful listing of our USD 500 million Sukuk reflects the continued confidence that regional and global investors place in Sharjah Islamic Bank’s strategy, financial strength, and prudent growth model. We remain committed to deepening our engagement with international capital markets and diversifying our funding sources in alignment with our long-term vision. This listing is an important milestone that supports our objective of sustaining strong liquidity and financing capabilities to serve our customers and community."
Hamed Ali, CEO of Nasdaq Dubai and DFM, said: “Sharjah Islamic Bank’s new Sukuk listing reflects the continued confidence that regional issuers place in Dubai’s capital markets. Each listing contributes to the depth and credibility of the UAE’s financial infrastructure, providing efficient access to a broad international investor base. Nasdaq Dubai remains committed to supporting this momentum and strengthening the UAE’s role as a global hub for Islamic finance.”
The total outstanding value of Sukuk listed on Nasdaq Dubai has reached USD 103 billion, reaffirming its position among the world’s largest venues for Islamic fixed-income securities.
The total outstanding value of debt listings on Nasdaq Dubai now exceeds USD 144 billion, underscoring Dubai’s role as a leading centre for capital raising and cross-border investment flows.
London Stock Exchange Group plc ("LSEG") Transaction In Own Shares
LSEG announces it has purchased the following number of its ordinary shares of 679/86 pence each from Citigroup Global Markets Limited ("Citi") on the London Stock Exchange as part of its share buyback programme, as announced on 04 November 2025.
Date of purchase:
27 November 2025
Aggregate number of ordinary shares purchased:
134,476
Lowest price paid per share:
8,838.00p
Highest price paid per share:
8,972.00p
Average price paid per share:
8,904.82p
LSEG intends to cancel all of the purchased shares.
Following the cancellation of the repurchased shares, LSEG has 513,736,200 ordinary shares of 679/86 pence each in issue (excluding treasury shares) and holds 24,051,599 of its ordinary shares of 679/86 pence each in treasury. Therefore, the total voting rights in the Company will be 513,736,200. 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 Regulation (EU) No 596/2014 (the Market Abuse Regulation) (as such legislation forms part of retained EU law as defined in 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 purchases by Citi on behalf of the Company as part of the buyback programme can be found at:
http://www.rns-pdf.londonstockexchange.com/rns/3570J_1-2025-11-27.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: 134,476 (ISIN: GB00B0SWJX34)
Date of purchases: 27 November 2025
Investment firm: Citi
Aggregate information:
Venue
Volume-weighted average price
Aggregated volume
Lowest price per share
Highest price per share
London Stock Exchange
8,904.82
134,476
8,838.00
8,972.00
Turquoise
Trading On Bursa Malaysia Derivatives Market Halted Due To Globex System Outage
Trading on Bursa Malaysia’s derivatives market was halted after 10.36 a.m. today caused by Globex system outage. All Bursa Malaysia’s derivatives products traded on Globex are affected. Globex is Chicago Mercantile Exchange (“CME”) Group’s electronic trading platform that facilitates global derivatives trading.
We are actively managing the situation and are working with CME Group to restore services as quickly as possible. Our priority is to minimise impact and ensure market integrity.
We will continue to update all stakeholders.
Monetary Authority Of Singapore And Bank Of Japan Renew Bilateral Local Currency Swap Arrangement Until November 2028
The Monetary Authority of Singapore (MAS) today announced the renewal of the Bilateral Local Currency Swap Arrangement with the Bank of Japan (BOJ) for another three years.2 Under the arrangement, the two central banks can exchange local currencies with each other of up to SGD 15 billion or JPY 1.1 trillion. This allows MAS to provide Japanese Yen liquidity to eligible Singapore financial institutions to support their cross-border operations.3 The arrangement was established in November 2016 and has been renewed every three years.
BC Securities Commission Alleges Multi-Million Dollar Fraud, Illegal Distribution By B.C. Corporation
The BC Securities Commission (BCSC) is alleging that a B.C. corporation and two individuals contravened the Securities Act because of their role in an alleged $16 million fraud involving more than 100 victims.
Elixir Technology Inc. (previously known as Elixir Income Inc.) represented itself as a profitable financial technology company that was developing proprietary software and generating revenue by leasing the software and using it to trade securities. Former B.C. resident William Peter McNarland was Elixir’s founding director, and B.C. resident Mang Hei Jaclyn Wu was also a director.
Between July 2020 and October 2022, Elixir raised approximately CA$14.6 million and US$1 million from 113 investors, claiming that most of its securities would provide interest and monthly dividends between 6 and 11.5 per cent annually. It allegedly did so despite lacking a viable software leasing business and while facing severe financial distress without telling investors about its poor financial condition.
During the first quarter of 2020, Elixir suffered catastrophic trading losses, and during the first half of that year, its revenue was negative $5.5 million as a result of losses on its investments. It did not generate enough revenue to pay distributions to investors and it owed nearly twice as much to investors as it had in assets. It subsequently deferred all redemptions to investors in November 2022, and deferred all distributions effective December 2022.
By failing to disclose its true financial condition to investors, the BCSC alleges that Elixir perpetrated a fraud.
McNarland controlled Elixir, and allegedly authorized, permitted or acquiesced in its fraud. He now lives in Alberta and had been previously registered in B.C. and Alberta to work in the investment industry, though not during the time that the alleged fraud took place.
Wu, who is registered in both B.C. and Ontario as a dealing representative for exempt market securities and is also licensed with the Insurance Council of BC, recommended Elixir’s securities and referred investors to Elixir and received commissions for the referrals. She allegedly contributed to the fraud by raising money for Elixir when she knew about Elixir’s poor financial condition but failed to disclose it to investors.
The BCSC further alleges that 13 investors who purchased $2.6 million of Elixir’s securities between February 2020 and October 2022 did not qualify for any exemption from the requirement for a prospectus – a formal document providing details of an investment. Since Elixir did not file a prospectus, the BCSC alleges that its distribution of securities to these investors was illegal, even if it was not fraudulent.
McNarland and Wu, as directors and officers of Elixir, allegedly authorized, permitted or acquiesced in its illegal distributions.
In addition, Wu allegedly made false or misleading statements during interviews with BCSC investigators in November 2024. While under oath, she testified that she was a close personal friend of three investors, which would have allowed Elixir to sell its securities to the investors under an exemption for family, friends and business associates. The BCSC alleges that her statements were untrue and she was not a friend of any of the three investors.
The BCSC’s allegations have not been proven. The Commission requires the respondents or their counsel to appear at the BCSC’s offices on December 16, 2025 if they wish to be heard before a hearing is scheduled.
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