Editorial

newsfeed

We have compiled a pre-selection of editorial content for you, provided by media companies, publishers, stock exchange services and financial blogs. Here you can get a quick overview of the topics that are of public interest at the moment.
360o
Share this page
News from the economy, politics and the financial markets
In this section of our news section we provide you with editorial content from leading publishers.

TRENDING

Latest news

BMLL And Tradefeedr Partner To Build An AI-Ready Analytics Layer For Equities And Futures Trading Data

Joint pilot extends Tradefeedr’s FX pre- and post-trade analytics into new asset classes, powered by BMLL historical datasets Outputs delivered through Tradefeedr’s existing client network and distribution model Market participants will be invited to join a year-long pilot to shape what AI-ready analytics APIs look like for the industry BMLL, the leading independent provider of harmonised, historical Level 3, 2 and 1 data and analytics across global equity, ETFs, futures and US equity options, today announced a partnership with Tradefeedr, the leading network for trading analytics and collaborative data sharing. The partnership will support Tradefeedr’s expansion into equities and futures, powered by BMLL’s high-fidelity historical market datasets.   A new foundation for trading analytics in the AI eraAs institutions accelerate the automation of trading workflows and begin deploying AI applications across the front office, the need for clean, accessible, enriched trading data has never been greater. Yet for many firms, execution data remains fragmented across asset classes, brokers and platforms - making it difficult to standardise, benchmark or feed into downstream analytics and AI tools.  Tradefeedr and BMLL are partnering to address this gap.Combining best-in-class data with best-in-class API service The partnership brings together BMLL's harmonised historical order book datasets across equities and futures with Tradefeedr's analytics APIs, common data layer and connected community of more than 100 institutional clients. Together, they will deliver enriched, standardised trading data through a single unified API — creating a foundational layer to power the next wave of innovation in execution analytics across the industry. Paul Humphrey, Chief Executive Officer of BMLL, said: “Tradefeedr has built a strong distribution model for execution analytics but the sourcing of high quality market data has always been a challenge until now. This partnership brings BMLL’s harmonised historical order book datasets into that workflow to support more consistent benchmarking across futures and equities.” Balraj Bassi, Chief Executive Officer at Tradefeedr, added: “Clients want multi-asset execution analytics that are consistent, scalable and easy to operationalise. Access to harmonised historical order book datasets from BMLL gives us the foundation to expand our TCA coverage into equities and futures. We're inviting market participants to join this pilot to shape what comes next — building the analytics delivery stack for the AI era.” Call to the industry BMLL and Tradefeedr are inviting market participants to join a year-long pilot to help build and validate this new capability from the ground up. Participants will work alongside both firms to define metrics, stress-test data quality, shape AI-ready context layers and provide feedback on benchmarks and reporting outputs — all delivered through Tradefeedr's existing network and legal framework. This is an opportunity to help define what AI-ready trading analytics looks like for the industry. Enabled through Tradefeedr’s participation in the BMLL Activate: Data Credits Program The partnership is supported by Tradefeedr’s participation in the BMLL Activate: Data Credits Program. This initiative enables qualified partners to build and validate new products on BMLL data with a route to long term deployment.

Read More

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: 24 March 2026 Number of ordinary shares purchased: 353,594 Highest price paid per share: 8,570.00p Lowest price paid per share: 8,418.00p Volume weighted average price per share: 8,484.29p   LSEG intends to cancel all of the purchased shares. Following the cancellation of the repurchased shares, LSEG has 499,330,963 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 499,330,963. 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/9703X_1-2026-3-24.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: 353,594 Date of purchases: 24 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 8,481.88p 327,238 8,418.00p 8,570.00p TRQX 8,514.22p 26,356 8,456.00p 8,570.00p

Read More

CFTC Staff Amends Brexit-Related No-Action Positions For Additional UK Trading Facilities

The Commodity Futures Trading Commission’s Division of Market Oversight announced today it is amending no-action positions in connection with the withdrawal of the United Kingdom from the European Union, known as Brexit. Specifically, DMO is amending Appendix A to CFTC Staff Letter 24-11 to include OptAxe Limited and Capitolis UK Limited as additional eligible U.K. trading facilities covered by the no-action positions in that staff letter.

Read More

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date March 13, 2026

At the end of the settlement date of March 13, 2026, short interest in 3,657 Nasdaq Global MarketSM securities totaled 16,179,628,406 shares compared with 15,794,218,322 shares in 3,629 Global Market issues reported for the prior settlement date of February 27, 2026. The mid-March short interest represents 2.42 days compared with 2.64 days for the prior reporting period. Short interest in 1,649 securities on The Nasdaq Capital MarketSM totaled 3,792,945,487 shares at the end of the settlement date of March 13, 2026, compared with 3,685,699,100 shares in 1,653 securities for the previous reporting period. This represents a 1.23 day average daily volume; the previous reporting period’s figure was 1.65. In summary, short interest in all 5,306 Nasdaq® securities totaled 19,972,573,893 shares at the March 13, 2026 settlement date, compared with 5,282 issues and 19,479,917,422 shares at the end of the previous reporting period. This is 2.05 days average daily volume, compared with an average of 2.37 days for the prior reporting period. The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller. For more information on Nasdaq Short interest positions, including publication dates, visithttps://www.nasdaq.com/market-activity/quotes/short-interestor http://www.nasdaqtrader.com/asp/short_interest.asp.  

Read More

NYSE Group Consolidated Short Interest Report

NYSE today reported short interest as of the close of business on the settlement date of March 13, 2026. SETTLEMENT DATE EXCHANGE TOTAL CURRENT SHORT INTEREST TOTAL PREVIOUS SHORT INTEREST (Revised) NUMBER of SECURITIES with a SHORT POSITION NUMBER of SECURITIES with a POSITION >= 5,000 SHARES 03/13/2026 NYSE 17,370,033,675 16,960,274,257 2,878 2,602 03/13/2026 NYSE ARCA 2,464,649,623 2,323,468,564 2,568 1,748 03/13/2026 NYSE AMERICAN 862,273,062 869,085,668 306 259 03/13/2026 NYSE GROUP 20,696,956,360 20,152,828,489 5,752 4,609 *NYSE Group includes NYSE, NYSE American and NYSE Arca           Reports will be archived here.

Read More

MIAX Exchange Group - Options Markets - Market For Underlying Security Used For Openings On MIAX Options, MIAX Pearl Options, MIAX Emerald Options, And MIAX Sapphire Options For Newly Listed Symbols Effective Wednesday, March 25, 2026

Please refer to the Regulatory Circulars listed below for newly added symbols and the corresponding market for the underlying security used for openings on the MIAX Exchanges. The newly listed symbols will be available for trading beginning Wednesday, March 25, 2026. MIAX Options Regulatory Circular 2026-44 MIAX Pearl Options Regulatory Circular 2026-44 MIAX Emerald Options Regulatory Circular 2026-33 MIAX Sapphire Options Regulatory Circular 2026-45

Read More

MIAX Exchange Group - Options Markets - New Listings Effective For March 25, 2026

The attached option classes will begin trading on the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange, and MIAX Sapphire Options Exchange on Wednesday, March 25, 2026.Market Makers can use the Member Firm Portal (MFP) to manage their option class assignments.  All LMM and RMM Option Class Assignments must be entered prior to 6:00 PM ET on the business day immediately preceding the effective date.  All changes made after 6:00 PM ET on a given day will be effective two trading days later.MIAX Options and MIAX Emerald Options Primary Lead Market Maker (PLMM) assignments and un-assignments will not be supported via the MFP.  MIAX Options® Exchange MIAX Pearl® Options Exchange MIAX Emerald® Options Exchange MIAX Sapphire™ Options Exchange

Read More

Opening Remarks At The Digital Asset Summit 2026, Paul S. Atkins, SEC Chairman, New York, NY, March 24, 2026

Good morning, ladies and gentlemen, and thank you for the invitation to join you at this year’s Digital Asset Summit.[1] I am delighted to be here, especially on the close heels of what was, by any measure, a historic week for America’s digital asset markets. There is much ground to cover and little time to spare. So, I will keep my remarks brief to allow maximum time for discussion with Elad [Roisman]. But first, let me take just a few moments to describe some of what the SEC has done in recent days to deliver long-overdue clarity to our crypto asset markets. As many of you know firsthand, market participants have operated in a state of persistent, often crippling uncertainty around one fundamental question: when does a crypto asset implicate the federal securities laws? Last week, the SEC took a decisive step toward answering that question by publishing a token taxonomy and interpretation of Howey that draws clear lines in the sand and definitively states our view about the outer bounds of the agency’s jurisdiction. More particularly, our framework clarifies the contours of an investment contract and distinguishes between five categories of digital assets, four of which are not securities. We have also begun to chart a path of compliance for entrepreneurs who seek to understand when the fundraise for a crypto asset implicates the federal securities laws. Taken together, the SEC’s actions return the Commission to its core mission—and its statutory authority—of protecting investors involved in securities transactions. In short, they help to ensure that we are no longer the Securities and Everything Commission. Now, as transformative as I expect these steps to be, I should also like to make clear that our interpretation is not an endpoint so much as a foundation. Milestones like this one can tempt us to think that we have tackled the hard questions. But that would mistake progress for resolution. In light of last week’s interpretation, I am reminded of the Churchillian refrain that “this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” Because while the clarity that we have delivered is essential, it is scarcely sufficient. After all, only Congress can future-proof regulation in this space through comprehensive market structure legislation. And as lawmakers consider broader reform to guard against rogue regulation, the SEC is doing exactly what it can and should be doing by providing clarity about the proper boundaries of our jurisdiction within existing law. By hastening the end of the beginning, as Churchill would say. Now, the work ahead merits a fuller discussion than my opening comments allow. So, I want to move to my conversation with Elad so that we can discuss these issues in greater depth. Elad, I look forward to a thoughtful exchange. And I thank you all once again for the privilege of participating in this year’s summit. Thank you. [1] The Chairman’s views expressed in these remarks do not necessarily reflect those of the SEC as an institution or of the other Commissioners.

Read More

BMO Introduces Tokenized Cash And Deposit Platform With CME Group And Google Cloud

First bank to offer CME Group’s tokenized cash solution on Google Cloud Universal Ledger  Enhanced digital financial infrastructure modernizes 24/7 institutional settlement, enabling clients to move value continuously for margin, collateral and settlement workflows  Establishes the groundwork for tokenized deposits that support broader payment and treasury use cases BMO, in collaboration with CME Group and Google Cloud, today announced plans to introduce new 24/7 tokenized cash capabilities that will allow institutional clients to move value more easily and securely using CME Group’s permissioned network on Google Cloud Universal Ledger (GCUL). As a North American leader in payments, BMO is supporting its institutional clients by expanding use-cases for accessing tokenized cash through a bank-anchored, institutional framework that enables BMO clients to convert dollars into a tokenized instrument for use with margined products at CME Group. As global markets require continuous operations, institutions need infrastructure that can support the 24/7 movement of value for critical functions including margin calls, trading and settlement. CME Group’s tokenized cash solution is designed to support high-value, real-time settlement needs for institutional participants.  “We are excited to work with CME Group and Google Cloud to deliver a truly innovative solution that modernizes capital market efficiency as the industry advances toward more continuous trading and settlement, while laying the groundwork for BMO tokenized deposits that support broader real-world payment and treasury use cases,” said Derek Vernon, Head, North American Treasury and Payment Solutions, BMO. “As the global ecosystem for stablecoins and tokenized deposits continues to expand rapidly, this capability marks significant progress of BMO’s ambition to bring regulated money movement into a modern, programmable environment. Clients will be able to move funds continuously when markets demand it, not when banking hours allow it – reducing funding gaps and operational friction.”      “With the world moving toward 24/7 trading, CME Group is focused on providing the efficiencies our clients need to manage collateral and margin costs,” said Suzanne Sprague, Chief Operating Officer and Global Head of Clearing, CME Group. “Working with BMO and Google Cloud to tokenize cash at CME Clearing will allow firms to meet margin requirements and settlement obligations in real-time, freeing up capital that would otherwise need to wait for traditional banking cycles." “Our collaboration with CME Group and BMO demonstrates how Google Cloud’s innovative infrastructure solves the complex challenges in finance and empowers our partners to fundamentally transform their businesses,” said James Tromans, Managing Director, Web3 and Digital Assets, Google Cloud. “By providing an enterprise-ready, easy-to-integrate foundation through Google Cloud Universal Ledger, we are enabling BMO and CME Group to offer unparalleled capital efficiency and are helping to significantly reduce operational friction for global markets.” Key features of the new capabilities include:  Tokenized cash: Available to mutual clients of CME Group and BMO, the bank plans to offer an institutional settlement instrument to regulated financial services firms operating in capital markets and the commercial banking space in the second half of 2026, pending regulatory approval. Tokenized deposits: This will allow BMO to offer traditional commercial bank funds in digital form, made available to a broader set of BMO clients to enable general-purpose B2B payments, treasury movements, and programmable cash applications. Always-on movement of value: BMO clients will be able to convert U.S. dollars into tokenized deposits and tokenized cash 24/7, allowing the bank to meet global market needs such as extended trading hours, more continuous operations and moving collateral without traditional cutoff constraints.     The collaboration with BMO builds upon the CME Group and Google Cloud’s March 2025 announcement to pilot solutions for secure wholesale payments and tokenization of assets using GCUL. GCUL is an innovative, programmable, distributed ledger designed to be easy for financial institutions in traditional finance to integrate and use. It simplifies the management of accounts and assets, and facilitates transfers on a private and permissioned network. This collaborative platform empowers participants to leverage their core capabilities and launch services for their clients that meet evolving demands and enhance their overall experiences.

Read More

London Stock Exchange Group plc Notice Of Noteholder Meeting

NOTICE IS HEREBY GIVEN that a meeting (the "Meeting") of the Noteholders convened by the Issuer will be held virtually on 16 April 2026 at 10.00 a.m. (London time) for the purpose of considering and, if thought fit, passing the applicable resolution set out below, with the implementation of that resolution being subject to satisfaction of the condition set out in paragraph 9(b) thereof (the "Eligibility Condition") and which resolution will be proposed as an Extraordinary Resolution in accordance with the provisions of the Trust Deed dated 23 March 2021, as amended, restated, modified and/or supplemented from time to time, (the "Trust Deed") made between, inter alios, the Issuer and HSBC Corporate Trustee Company (UK) Limited (the "Trustee"). The Issuer has determined that the Meeting will be held virtually rather than physically in person and, in accordance with the provisions of the Trust Deed, has requested that the Trustee prescribe appropriate regulations regarding the holding of the Meeting. Capitalised terms used in this Notice and not otherwise defined herein shall have the meanings given to them in the Consent Solicitation Memorandum dated 24 March 2026 (the "Consent Solicitation Memorandum"), which is available to Eligible Noteholders (as defined below) from the Information and Tabulation Agent (including on the website of the Information and Tabulation Agent (the "Transaction Website"): (https://projects.sodali.com/lseg) (see "Documents Available for Inspection" below). In accordance with normal practice, the Trustee, the Solicitation Agent, the Information and Tabulation Agent and the Principal Paying Agent have not been involved in the formulation of the Noteholder Proposal (as defined below). None of the Trustee, the Information and Tabulation Agent, the Solicitation Agent, the Principal Paying Agent or any of their respective directors, officers, employees, agents, representatives or affiliates expresses any opinion on, nor makes any representations as to the merits of, the Noteholder Proposal, the relevant Extraordinary Resolution or the proposed amendments referred to in the relevant Extraordinary Resolution set out below. None of the Trustee, the Information and Tabulation Agent, the Solicitation Agent, the Principal Paying Agent or any of their respective directors, officers, employees, agents, representatives or affiliates makes any representation that all relevant information has been disclosed to Noteholders in or pursuant to this Notice, the Consent Solicitation Memorandum or otherwise. None of the Trustee, the Information and Tabulation Agent, the Solicitation Agent, the Principal Paying Agent or any of their respective directors, officers, employees, agents, representatives or affiliates has approved the draft Supplemental Trust Deed or the draft Amended and Restated Final Terms referred to in the relevant Extraordinary Resolution set out below and the Trustee recommends that Noteholders arrange to inspect and review such draft Supplemental Trust Deed and Amended and Restated Final Terms as provided below in this Notice. Accordingly, Noteholders of the relevant Series should take their own independent legal, financial, tax or other advice on the merits and the consequences of voting in favour of the relevant Extraordinary Resolution, including any tax consequences, and on the impact of the implementation of the relevant Extraordinary Resolution. None of the Trustee, the Information and Tabulation Agent, the Solicitation Agent, the Principal Paying Agent or any of their respective directors, officers, employees, agents, representatives or affiliates are responsible for the accuracy, completeness, validity or correctness of the statements made in the Consent Solicitation Memorandum or this Notice, or omissions therefrom. Neither this Notice nor the Consent Solicitation Memorandum constitutes or forms part of, or should be construed as, an offer for sale, exchange or subscription of, or a solicitation of any offer to buy, exchange or subscribe for, any securities of the Issuer or any other entity. The distribution of the Consent Solicitation Memorandum may nonetheless be restricted by law in certain jurisdictions. Persons into whose possession the Consent Solicitation Memorandum comes are required to inform themselves about, and to observe, any such restrictions. BACKGROUND On 19 January 2026, new rules implementing the Public Offers and Admissions to Trading Regulations (the "POATRs") took effect in the UK. The rules govern the offering of securities to the public and their admission to trading in the UK, replacing the EU-derived UK Prospectus Regulation (Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA) (the "UK Prospectus Regulation"). The new rules are intended to make it easier for companies to raise capital in the UK, promote wider participation in the capital markets by retail investors, and improve the relative competitiveness of UK regulation compared to other jurisdictions. As a result, UK-listed companies (and wholly owned subsidiaries of such UK-listed companies provided that the bonds are guaranteed by the UK-listed parent) may now offer bonds to both wholesale and UK retail investors in a single security with no increase in disclosure compared to the previous wholesale disclosure standard. The Proposed Amendments will allow the Notes to qualify as Plain Vanilla Listed Bonds ("PVLBs") under the POATRs, as set out in the "Rationale" section below. Proposed Amendments The Issuer has convened the Meeting for the purpose of enabling the Noteholders to consider and, if they think fit, approve a proposal (the "Noteholder Proposal") by way of an Extraordinary Resolution in relation to the Notes for the purposes of: (a)           amending the Specified Denominations of the Notes from £100,000 and integral multiples of £1,000 in excess thereof to be £1,000 and integral multiples of £1,000 in excess thereof; (b)           amending the relevant Final Terms in respect of the Notes to reflect that the Notes will be eligible for purchase by UK retail investors as they qualify as PVLBs; and (c)           enabling investors to hold interests in the Notes through Euroclear UK & Ireland Limited (formerly known as CRESTCo Limited) ("CREST") via the issuance of dematerialised depository interests ("CREST Depository Interests" or "CDIs"), (the "Proposed Amendments"). The Proposed Amendments are set out in more detail in the Annex below, and will be implemented as soon as reasonably practicable following the conclusion of the Meeting if the Extraordinary Resolution is passed (and the Eligibility Condition is satisfied). Provided the Extraordinary Resolution is passed (and the Eligibility Condition is satisfied) at the initial Meeting, implementation of the Proposed Amendments is expected to occur on 20 April 2026 (the "Implementation Date"). Rationale The sterling corporate bond market is a key source of long-term debt finance for LSEG plc and its subsidiaries. The Notes were issued under the EU Prospectus Regulation (Regulation (EU) 2017/1129) and the UK Prospectus Regulation with minimum denominations of £100,000 and were not eligible for purchase by UK retail investors at issuance. The amendments outlined in the Noteholder Proposal seek to (i) reduce the minimum denominations of the Notes from £100,000 to £1,000, (ii) enable investors to hold interests in the Notes through CREST via the issuance of CDIs, and (iii) amend the Final Terms for the Notes to ensure the Notes are eligible for purchase by UK retail investors. These are the minimal changes required for the Notes to qualify as PVLBs under the POATRs, and to be recognised as Access Bonds ("ABs") by the London Stock Exchange, facilitating access to the Notes by UK retail investors in the secondary market. For the Noteholders, the amendments may be expected to increase the liquidity of the Notes. As the amendments are purely administrative in nature, there will be no changes in cash flows for Noteholders that hold their respective Notes to maturity. For the Issuer, the amendments will facilitate access to the Notes by a new group of investors, which may increase the likelihood of their participation in any future PVLB or AB issuance by the Issuer or its subsidiaries.  For both Noteholders, the Issuer and LSEG plc, the amendments will demonstrate support for the aim of the UK Financial Conduct Authority to promote wider participation in the UK capital markets by UK retail investors. Risk Factor Interests in the Notes may be held as CREST Depositary Interests and holders of such interests in the Notes will be subject to additional provisions and, as a result, the rights of, and returns received by, such holders may differ from those of holders of Notes which are not represented by CREST Depositary Interests CREST Depository Interests are separate legal obligations distinct from the Notes and holders of the CDIs ("CDI Holders") will be subject to additional provisions other than the Conditions. CDI Holders will hold or have an interest in a separate legal instrument and will not be the legal owners of the Notes. The rights of CDI Holders to the Notes are represented by the relevant entitlements against the CREST Depository which (through CREST International Nominees Limited (the "CREST Nominee")) holds interests in the Notes. Accordingly, rights under the Notes cannot be enforced by CDI Holders except indirectly through the intermediary depositaries and custodians. The enforcement of rights under the Notes will be subject to the local law of the relevant intermediaries. This could result in an elimination or reduction in the payments that otherwise would have been made in respect of the Notes in the event of any insolvency or liquidation of any of the relevant intermediaries, in particular where the Notes held in clearing systems are not held in special purpose accounts and are fungible with other securities held in the same accounts on behalf of other customers of the relevant intermediaries. The rights of the CDI Holders will be governed by the arrangements between CREST, Euroclear, Clearstream, Luxembourg and the Issuer, including the global deed poll dated 25 June 2001 (as subsequently modified, supplemented and/or restated (the "CREST Deed Poll"). Potential investors should note that the provisions of the CREST Deed Poll, the rules governing the operation of CREST, consisting of the documents constituting the 'CREST Manual' as issued by CREST, as amended, supplemented or replaced from time to time (together, the "CREST Manual")) and the CREST Rules (contained in the CREST Manual) contain indemnities, warranties, representations and undertakings to be given by CDI Holders and limitations on the liability of the CREST Depository. CDI Holders are bound by such provisions and may incur liabilities resulting from a breach of any such indemnities, warranties, representations and undertakings in excess of the amounts originally invested by them. As a result, the rights of, and returns received by, CDI Holders may differ from those of holders of Notes which are not represented by CDIs. In addition, CDI Holders may be required to pay fees, charges, costs and expenses to the CREST Depository in connection with the use of the CREST International Settlement Links Service. These will include the fees and expenses charged by the CREST Depository in respect of the provision of services by it under the CREST Deed Poll and any taxes, duties, charges, costs or expenses which may be or become payable in connection with the holding of the Notes through the CREST International Settlement Links Service. Potential investors should note that none of the Issuer, the Solicitation Agent, the Trustee, the Paying Agents or any of their respective directors, officers, employees, agents, representatives or affiliates will have any responsibility for the performance by any intermediaries through which interests in the Notes and/or CREST Depository Interests may be held, or their respective direct or indirect participants or account holders of their respective obligations under the rules and procedures governing their operations. Investors should consider all of these matters when considering the Consent Solicitations and the Proposed Amendments. NOTEHOLDER PROPOSAL Pursuant to this Notice, the Issuer has convened a Meeting to request that Noteholders consider and agree by Extraordinary Resolution to the matters contained in the Extraordinary Resolution set out below. The Issuer, under the Noteholder Proposal, is requesting that the Noteholders consider and if thought fit, pass the Extraordinary Resolution. If the Extraordinary Resolution is passed by the Noteholders, and if the related Eligibility Condition is satisfied, the Extraordinary Resolution will be binding on all Noteholders, whether present or not at the relevant Meeting and whether or not voting. The Noteholder Proposal is being put to Noteholders for the reasons set out in "Background" above. Eligible Noteholders are also referred to the Consent Solicitation Memorandum which provides further background to the Noteholder Proposal and the reasons therefor. CONSENT SOLICITATION Noteholders are further given notice that the Issuer has invited Eligible Noteholders (as defined below) (each such invitation a "Consent Solicitation") to consent to the approval, by Extraordinary Resolution at the Meeting, of the modification of the terms and conditions (the "Conditions") of, and the Final Terms and the Trust Deed for, the Notes as described in paragraph 1 of the Extraordinary Resolution as set out below, all as further described in the Consent Solicitation Memorandum. The Consent Solicitation Memorandum and any other documents or materials relating to the Consent Solicitations are only for distribution or to be made available to persons who are (i) located and resident outside the United States and not U.S. persons or acting for the account or benefit of a U.S. person (in each case, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")), (ii) not retail investors (as defined in each Extraordinary Resolution below) and, if applicable and acting on a non-discretionary basis, who are acting on behalf of beneficial owners that are not retail investors, (iii) persons who have professional experience in matters relating to investments who fall within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order, and (iv) otherwise persons to whom the relevant Consent Solicitation can be lawfully made and that may lawfully participate in the relevant Consent Solicitation (all such persons, "Eligible Noteholders"). Subject to the restrictions described in the previous paragraph, Noteholders may obtain from the date of this Notice a copy of the Consent Solicitation Memorandum from the Information and Tabulation Agent, the contact details for which are set out below. In order to receive a copy of the Consent Solicitation Memorandum, a Noteholder will be required to provide confirmation as to his or her status as an Eligible Noteholder. EXTRAORDINARY RESOLUTIONIN RESPECT OF THE £500,000,000 1.625 per cent. Notes due 6 April 2030 "THAT this Meeting of the holders (together, the "Noteholders") of the presently outstanding £500,000,000 1.625 per cent. Notes due 6 April 2030 (the "Notes") of London Stock Exchange Group plc (the "Issuer"), constituted by the trust deed dated 23 March 2021 as amended, restated, modified and/or supplemented from time to time (the "Trust Deed") made between, inter alios, the Issuer and HSBC Corporate Trustee Company (UK) Limited (the "Trustee") as trustee for, inter alios, the Noteholders: 1.             (subject to paragraph 9 of this Extraordinary Resolution) assents to the modification of the terms and conditions of the Notes (the "Conditions"), as set out in Schedule 1 to the Trust Deed, as completed by the Final Terms applicable to the Notes dated 31 March 2021, and to consequential or related amendments to the Trust Deed and Final Terms for the Notes, as any of the same may from time to time be modified or amended and restated in accordance with the Trust Deed, such that: a.             the Specified Denominations for the Notes be £1,000 and integral multiples of £1,000 in excess thereof; b.             the relevant Final Terms be amended to reflect that the Notes will be eligible for purchase by UK retail investors as they qualify as Plain Vanilla Listed Bonds; and c.             investors are able to hold interests in the Notes through Euroclear UK & Ireland Limited (formerly known as CRESTCo Limited) ("CREST") via the issuance of dematerialised depository interests ("CREST Depository Interests" or "CDIs"), all as more fully set out and (where applicable) defined in the Annex to the Notice; 2.             (subject to paragraph 9 of this Extraordinary Resolution) authorises, directs, requests and empowers: (a)           the Issuer and the Trustee to execute a deed supplemental to the Trust Deed (the "Supplemental Trust Deed") to effect the modifications referred to in paragraph 1 of this Extraordinary Resolution, in the form or substantially in the form of the draft produced to this Meeting, with such amendments thereto (if any) as the Trustee shall require or agree to; (b)           the Issuer to execute an amended and restated final terms in respect of the Notes (the "Amended and Restated Final Terms") to effect the modifications referred to in paragraph 1 of this Extraordinary Resolution, in the form or substantially in the form of the draft produced to this Meeting, with such amendments thereto (if any) as the Trustee shall require or agree to; and (c)           the Issuer and the Trustee to execute and to do all such other deeds, instruments, acts and things as may be necessary, desirable or expedient in its sole opinion to carry out and to give effect to this Extraordinary Resolution and the implementation of the modifications referred to in paragraph 1 of this Extraordinary Resolution; 3.             (subject to paragraph 9 of this Extraordinary Resolution) discharges and exonerates the Trustee from all liability for which they may have become or may become responsible under the Trust Deed or the Notes or any document related thereto in respect of any act or omission in connection with the passing of this Extraordinary Resolution or its implementation, the modifications referred to in paragraph 1 of this Extraordinary Resolution or the implementation of those modifications or the executing of any deeds, agreements, documents or instructions, the performance of any acts, matters or things to be done to carry out and give effect to the matters contemplated in the Supplemental Trust Deed, the Amended and Restated Final Terms, the Notice or this Extraordinary Resolution; 4.             (subject to paragraph 9 of this Extraordinary Resolution) irrevocably waives any claim that the Noteholders may have against the Trustee arising as a result of any loss or damage which they may suffer or incur as a result of the Trustee acting upon this Extraordinary Resolution (including but not limited to circumstances where it is subsequently found that this Extraordinary Resolution is not valid or binding on the holders) and the Noteholders further confirm that the Noteholders will not seek to hold the Trustee liable for any such loss or damage; 5.             (subject to paragraph 9 of this Extraordinary Resolution) expressly agrees and undertakes to indemnify and hold harmless the Trustee from and against all losses, liabilities, damages, costs, charges and expenses which may be suffered or incurred by them as a result of any claims (whether or not successful, compromised or settled), actions, demands or proceedings brought against the Trustee and against all losses, costs, charges or expenses (including legal fees) which the Trustee may suffer or incur which in any case arise as a result of the Trustee acting in accordance with the Extraordinary Resolution and the Trust Deed; 6.             (subject to paragraph 9 of this Extraordinary Resolution) sanctions and assents to every abrogation, modification, compromise or arrangement in respect of the rights of the Noteholders appertaining to the Notes against the Issuer, whether or not such rights arise under the Trust Deed, the Conditions or otherwise, involved in, resulting from or to be effected by the amendments referred to in paragraph 1 of this Extraordinary Resolution and their implementation; 7.             (subject to paragraph 9 of this Extraordinary Resolution) waives any and all conditions precedent in respect of the execution and delivery of the Supplemental Trust Deed and the Amended and Restated Final Terms and implementation of this Extraordinary Resolution and authorises, requests and instructs the Trustee not to obtain a legal opinion in relation to the execution of the Supplemental Trust Deed and/or the Amended and Restated Final Terms; 8.             (subject to paragraph 9 of this Extraordinary Resolution) discharges and exonerates the Issuer from all liability for which it may have become or may become responsible under the Trust Deed, the Notes or any document related thereto in respect of any act or omission in connection with the passing of this Extraordinary Resolution or the executing of any deeds, agreements, documents or instructions, the performance of any acts, matters or things to be done to carry out and give effect to the matters contemplated in the Supplemental Trust Deed, the Amended and Restated Final Terms, the Notice or this Extraordinary Resolution; 9.             declares that the implementation of this Extraordinary Resolution shall be conditional on: (a)           the passing of this Extraordinary Resolution; and (b)           the quorum required for, and the requisite majority of votes cast at, this Meeting being satisfied by Eligible Noteholders only, irrespective of any participation at this Meeting by Ineligible Noteholders (and would also have been so satisfied if any Ineligible Noteholders who provide confirmation of their status as Ineligible Noteholders and waive their right to attend (virtually) and vote (or be represented (virtually)) at the Meeting had actually participated at the Meeting) and further resolves that, if the Extraordinary Resolution is passed at this Meeting but such condition is not satisfied, the chairman of this Meeting and the Trustee are hereby authorised, directed, requested and empowered to adjourn this Meeting until such date, not less than 13 clear days nor more than 42 clear days later, and time and place as may be appointed by the chairman of this Meeting and approved by the Trustee, for the purpose of reconsidering resolutions 1 to 11 of this Extraordinary Resolution with the exception of resolution 9(b) of this Extraordinary Resolution, and in place of the foregoing provisions of resolution 9(b) the relevant condition will be satisfied if the quorum required for, and the requisite majority of votes cast at, the adjourned Meeting are satisfied by Eligible Noteholders only, irrespective of any participation at the adjourned Meeting by Ineligible Noteholders (and would also have been so satisfied if any Ineligible Noteholders who provide confirmation of their status as Ineligible Noteholders and waive their right to attend (virtually) and vote (or be represented (virtually)) at the adjourned Meeting had actually participated at the adjourned Meeting); 10.          acknowledges that the following terms, as used in this Extraordinary Resolution, shall have the meanings given below: "Consent Solicitation in respect of the Notes" means the invitation by the Issuer to all Eligible Noteholders to consent to the modification of the Conditions relating to the Notes and consequential or related amendments to the Trust Deed and Final Terms for the Notes, as described in the Consent Solicitation Memorandum and as the same may be amended in accordance with its terms; "Consent Solicitation Memorandum" means the consent solicitation memorandum dated 24 March 2026 prepared by the Issuer in relation to, inter alia, the Consent Solicitation in respect of the Notes; "Eligible Noteholder" means each Noteholder who is (a) located and resident outside the United States and not a U.S. person or acting for the account or benefit of a U.S. person (in each case, as defined in Regulation S under the Securities Act), (b) not a retail investor and, if applicable and acting on a non-discretionary basis, who is acting on behalf of a beneficial owner that is not a retail investor, (c) persons who have professional experience in matters relating to investments who fall within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2)(a) to (d) or the Order, and (d) otherwise a person to whom the Consent Solicitation in respect of the Notes can be lawfully made and that may lawfully participate in the Consent Solicitation in respect of the Notes; "Ineligible Noteholder" means each Noteholder who is not an Eligible Noteholder; "Notice" means the notice given by the Issuer to Noteholders on or around 24 March 2026; "retail investor" means (A) a person in the EEA who is one (or both) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended or superseded, "MiFID II"); or (ii) a customer within the meaning of Directive 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (B) a person in the UK who is not a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018; and "Securities Act" means the U.S. Securities Act of 1933, as amended. 11.          agrees that capitalised terms in this document where not defined herein shall have the meanings given to them in the Trust Deed or the Notice, as applicable." INELIGIBLE NOTEHOLDERS Submission of Ineligible Holder Instructions Any Noteholder that is not an Eligible Noteholder may not participate in the Consent Solicitations. However, any Ineligible Noteholder may deliver, or arrange to have delivered on its behalf, a valid Ineligible Holder Instruction (as defined below). In respect of any Notes held through Euroclear Bank SA/NV ("Euroclear") or Clearstream Banking S.A. ("Clearstream, Luxembourg" and, together with Euroclear, the "Clearing Systems"), the submission of Ineligible Holder Instructions will have occurred upon receipt by the Information and Tabulation Agent from Euroclear or Clearstream, Luxembourg, as applicable, of a valid instruction (an "Ineligible Holder Instruction") submitted in accordance with the requirements of Euroclear or Clearstream, Luxembourg, as applicable. Each such Ineligible Holder Instruction must specify, among other things, the aggregate principal amount of the Notes which are subject to such Ineligible Holder Instruction, and the securities account number at the relevant Clearing System in which the relevant Notes are held. The receipt of such Ineligible Holder Instruction by the relevant Clearing System will be acknowledged in accordance with the standard practices of such Clearing System and will result in the blocking of the relevant Notes in the relevant Ineligible Noteholder's account with such Clearing System so that no transfers may be effected in relation to such Notes until the earlier of (i) the date on which the relevant Ineligible Holder Instruction is validly revoked (including the automatic revocation of such Ineligible Holder Instruction on the termination of the related Consent Solicitation in accordance with the terms of the Consent Solicitation) and (ii) the conclusion of the Meeting (or, if applicable, any adjourned Meeting). Only Direct Participants (as defined under "Voting and Quorum" below) may submit Ineligible Holder Instructions. Each beneficial owner of Notes who is an Ineligible Noteholder and is not a Direct Participant, must arrange for the Direct Participant through which such beneficial owner of Notes who is an Ineligible Noteholder holds its Notes to submit an Ineligible Holder Instruction on its behalf to the relevant Clearing System before the deadlines specified by the relevant Clearing System. By delivering, or arranging for the delivery on its behalf, of an Ineligible Holder Instruction in accordance with the procedures described below, a Noteholder shall (A) waive its right to attend (virtually) and vote (or be represented (virtually)) at the Meeting (as the consequence of the eligibility condition set out in paragraph 9(b) of the relevant Extraordinary Resolution is that such Extraordinary Resolution will only be implemented where it is passed irrespective of any participation at the Meeting by Ineligible Noteholders, such that the attendance and voting at the Meeting by an Ineligible Noteholder will be of no consequence for such implementation) and (B) agree, acknowledge, represent, warrant and undertake to the Issuer, the Trustee, the Principal Paying Agent, the Solicitation Agent and the Information and Tabulation Agent at (i) the time of submission of such Ineligible Holder Instruction, (ii) the Expiration Date, (iii) the time of the Meeting and at the time of any adjourned Meeting and (iv) the Implementation Date (and if a Noteholder or Direct Participant (as defined below) on behalf of any Noteholder is unable to make any such agreement or acknowledgement or give any such representation, warranty or undertaking, such Noteholder or Direct Participant should contact the Information and Tabulation Agent immediately) that: (a)           It is an Ineligible Noteholder. (b)           It is not a person or entity (a "Person") (A) that is, or is directly or indirectly owned or controlled by a Person that is, described or designated in (i) the most current "Specially Designated Nationals and Blocked Persons" list (which as of the date hereof can be found at: https://sanctionslist.ofac.treas.gov/Home/SdnList) or (ii) the Foreign Sanctions Evaders List (which as of the date hereof can be found at: https://sanctionslist.ofac.treas.gov/Home/ConsolidatedList) or (iii) the most current "Consolidated list of persons, groups and entities subject to EU financial sanctions" (which as of the date hereof can be found at: https://data.europa.eu/data/datasets/consolidated-list-of-persons-groups-and-entities-subject-to-eu-financial-sanctions?locale=en) or (iv) the most current "UK sanctions list" (which as of the date hereof can be found at: https://www.gov.uk/government/publications/the-uk-sanctions-list); or (B) that is otherwise the subject of any sanctions administered or enforced by any Sanctions Authority, other than solely by virtue of their inclusion in: (i) the most current "Sectoral Sanctions Identifications" list (which as of the date hereof can be found at: https://www.treasury.gov/ofac/downloads/ssi/ssilist.pdf) (the "SSI List"), (ii) Annexes 3, 4, 5 and 6 of Council Regulation No. 833/2014, as amended from time to time including by Council Regulation No. 960/2014 and Council Regulation (EU) No 1290/2014 and Council Regulation (EU) No 2015/1797 and Council Regulation (EU) No 2017/2212 (the "EU Annexes"), or (iii) any other list maintained by a Sanctions Authority, with similar effect to the SSI List or the EU Annexes. For these purposes "Sanctions Authority" means each of: (i) the United States government; (ii) the United Nations; (iii) the European Union (or any of its member states); (iv) the United Kingdom; (v) any other equivalent governmental or regulatory authority, institution or agency which administers economic, financial or trade sanctions; and (vi) the respective governmental institutions and agencies of any of the foregoing including, without limitation, the Office of Foreign Assets Control of the US Department of the Treasury, the United States Department of State, the United States Department of Commerce, the Foreign, Commonwealth and Development Office and His Majesty's Treasury. (c)           It has undertaken all appropriate analysis of the implications of the Consent Solicitation without reliance on the Issuer, the Trustee, the Principal Paying Agent, the Solicitation Agent, the Information and Tabulation Agent or any of their respective directors, officers, employees, agents, representatives or affiliates. (d)           It has observed the laws of all relevant jurisdictions, obtained all requisite governmental, exchange control or other required consents, complied with all requisite formalities and paid any issue, transfer or other taxes or requisite payments due from it in each respect in connection with its Ineligible Holder Instruction and/or the relevant Extraordinary Resolution in any jurisdiction and that it has not taken or omitted to take any action in breach of the representations or which will or may result in the Issuer, the Solicitation Agent, the Information and Tabulation Agent or any other person acting in breach of the legal or regulatory requirements of any such jurisdiction in connection with the Extraordinary Resolution. (e)           Its Ineligible Holder Instruction is made on the terms and conditions set out in this Notice and therein. (f)            Its Ineligible Holder Instruction is being submitted in compliance with the applicable laws or regulations of the jurisdiction in which the Noteholder is located or in which it is resident or located and no registration, approval or filing with any regulatory authority of such jurisdiction is required in connection with such Ineligible Holder Instruction. (g)           It holds and will hold, until the earlier of (i) the date on which its Ineligible Holder Instruction is validly revoked, and (ii) conclusion of the Meeting or (if applicable) any adjourned Meeting, as the case may be, the Notes the subject of the Ineligible Holder Instruction, in the relevant Clearing System and in accordance with the requirements of the relevant Clearing System and by the deadline required by the relevant Clearing System, it has submitted, or has caused to be submitted, an Ineligible Holder Instruction to the relevant Clearing System, as the case may be, to authorise the blocking of such Notes with effect on and from the date thereof so that no transfers of such Notes may be effected until the occurrence of any of the events listed in (i) or (ii) above. (h)           It acknowledges that none of the Issuer, the Trustee, the Solicitation Agent, the Information and Tabulation Agent and the Principal Paying Agent or any of their respective affiliates, directors, officers, employees, representatives or agents has made any recommendation as to whether to vote on the relevant Extraordinary Resolution and it represents that it has made its own decision with regard to the relevant Extraordinary Resolution based on any independent legal, financial, tax or other advice that it has deemed necessary to seek. (i)            It acknowledges that all authority conferred or agreed to be conferred pursuant to these acknowledgements, representations, warranties and undertakings and every obligation of the Noteholder offering to waive its right to vote on the relevant Extraordinary Resolution shall to the extent permitted by applicable law be binding upon the successors, assigns, heirs, executors, trustees in bankruptcy and legal representatives of the Noteholder waiving its right to vote on the relevant Extraordinary Resolution and shall not be affected by, and shall survive, the death or incapacity of the Noteholder waiving its right to vote on the relevant Extraordinary Resolution, as the case may be. (j)            It acknowledges that the Notes have not been and will not be registered under the Securities Act, or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, unless an exemption from the registration requirements of the Securities Act is available (terms used in this paragraph that are, unless otherwise specified, defined in Regulation S under the Securities Act are used as defined in Regulation S). (k)           The information given by or on behalf of such Noteholder in the Ineligible Holder Instruction is true and will be true in all respects at the time of the Meeting (or any adjourned Meeting). (l)            No information has been provided to it by the Issuer, Trustee, the Solicitation Agent or the Information and Tabulation Agent, or any of their respective affiliates, directors, officers, employees, representatives or agents, with regard to the tax consequences for Noteholders arising from the participation in the Meeting or the implementation of the Extraordinary Resolution, and it acknowledges that it is solely liable for any taxes and similar or related payments imposed on it under the laws of any applicable jurisdiction as a result of its submission of the Ineligible Holder Instruction, and agrees that it will not and does not have any right of recourse (whether by way of reimbursement, indemnity or otherwise) against the Issuer, the Trustee, the Solicitation Agent or the Information and Tabulation Agent, or any of their respective affiliates, directors, officers, employees, representatives or agents, or any other person, in respect of such taxes and payments. The representation set out in paragraph (b) above shall not be sought or given at any time after such representation is first made if and to the extent that it is or would be unenforceable by reason of breach of (i) any provision of Council Regulation (EC) No 2271/1996 of 22 November 1996 (as amended) (or any law or regulation implementing such Regulation in any member state of the European Union) or (ii) Council Regulation (EC) No 2271/1996 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018. If the relevant Ineligible Noteholder is unable to give any of the representations and warranties described above, such Ineligible Noteholder should contact the Information and Tabulation Agent. Each Ineligible Noteholder submitting an Ineligible Holder Instruction in accordance with its terms shall have agreed to indemnify the Issuer, the Solicitation Agent, the Information and Tabulation Agent, the Principal Paying Agent, the Trustee and each of their respective affiliates, directors, officers, employees, representatives or agents against all and any losses, costs, fees, claims, liabilities, expenses, charges, actions or demands which any of them may incur or which may be made against any of them as a result of any breach of any of the terms of, or any of the representations, warranties and/or undertakings given pursuant to, such instruction by such Noteholder. All questions as to the validity, form and eligibility (including the time of receipt) of any Ineligible Holder Instructions or revocation or revision thereof or delivery of Ineligible Holder Instructions will be determined by the Issuer in its sole discretion, which determination will be final and binding. The Issuer reserves the absolute right to reject any and all Ineligible Holder Instructions not in a form which is, in the opinion of the Issuer, lawful. The Issuer also reserves the absolute right to waive defects in Ineligible Holder Instructions with regard to the Notes. None of the Issuer, the Solicitation Agent, the Trustee, the Principal Paying Agent, the Information and Tabulation Agent or any of their respective directors, officers, employees, agents, representatives or affiliates shall be under any duty to give notice to Noteholders or beneficial owners of Notes of any irregularities in Ineligible Holder Instructions; nor shall any of them incur any liability for failure to give notification of any material amendments to the terms and conditions of the Consent Solicitations. REQUIREMENTS OF U.S. SECURITIES LAWS In the event the Extraordinary Resolution is passed and implemented, the Supplemental Trust Deed will contain a statement that, until the expiry of the period of 40 days after the date of the relevant Supplemental Trust Deed, sales of the Notes may not be made in the United States or to U.S. persons unless made outside the United States pursuant to Rules 903 and 904 of Regulation S under the Securities Act. GENERAL INFORMATION The attention of Noteholders is particularly drawn to the quorum required for the Noteholders Meetings and for any adjourned Meeting which is set out in paragraphs 1, 2, 3, 4 and 5 of "Voting and Quorum" below. Having regard to such requirements, Noteholders are strongly urged either to attend (virtually) the Meeting or to take steps to be represented (virtually) at the Meeting (including by way of submitting a Consent Instruction or Ineligible Holder Instruction) as soon as possible. Voting and Quorum Noteholders who have submitted and not revoked a valid Consent Instruction or Ineligible Holder Instruction in respect of the Extraordinary Resolution by 5.00 p.m. (London time) on 13 April 2026 (the "Expiration Deadline"), by which they will (i) (in the case of Consent Instructions) have given instructions for the appointment by the Principal Paying Agent of one or more representatives of the Information and Tabulation Agent as their proxy to vote in the manner specified or identified in such Consent Instruction at the Meeting (or any adjourned Meeting) or (ii) (in the case of Ineligible Holder Instructions) waived such rights, need take no further action to be represented at the Meeting (or any such adjourned Meeting). Noteholders who have not submitted, or who have submitted and revoked, a Consent Instruction or Ineligible Holder Instruction in respect of the Extraordinary Resolution by the Expiration Deadline should take note of the provisions set out below detailing how such Noteholders can attend or take steps to be represented (virtually) at the Meeting (references to which, for the purposes of such provisions, include, unless the context otherwise requires, any adjourned Meeting). 1.             Subject as set out below, the provisions governing the convening and holding of the Meeting are set out in Schedule 5 (Provisions for Meetings of Noteholders) to the Trust Deed, a copy of which is available for viewing by the Noteholders during normal business hours at the specified offices of the Principal Paying Agent on any weekday (public holidays excepted) and may be obtained from the Principal Paying Agent by email. All of the Notes are represented by a global Note and are held by a common safekeeper for Euroclear and Clearstream, Luxembourg. For the purpose of the Meeting, a "Direct Participant" shall mean each person who is for the time being shown in the records of Euroclear or Clearstream, Luxembourg as the holder of a particular principal amount outstanding of the Notes. Each person (a "beneficial owner") who is the owner of a particular principal amount of the Notes through Euroclear, Clearstream, Luxembourg or a Direct Participant, should note that a beneficial owner will only be entitled to attend (virtually) and vote at the Meeting in accordance with the procedures set out below and where a beneficial owner is not a Direct Participant it will need to make the necessary arrangements, either directly or with the intermediary through which it holds its Notes, for the Direct Participant to complete these procedures on its behalf by all applicable deadlines. A Direct Participant or beneficial owner of Notes wishing to attend (virtually) a Meeting in person must produce at the Meeting a valid voting certificate or certificates issued by the Principal Paying Agent relating to the Notes in respect of which such Direct Participant or beneficial owner wishes to vote. A Direct Participant not wishing to attend (virtually) the Meeting in person may (or the beneficial owner of the Notes may arrange for the relevant Direct Participant on its behalf to) give a voting instruction (by giving an electronic instruction to block its Notes and to vote in respect of the Meeting to Euroclear or Clearstream, Luxembourg in accordance with the procedures of Euroclear or Clearstream, Luxembourg, as applicable) requiring the Principal Paying Agent to include the votes attributable to its Notes in a block voting instruction issued by the Principal Paying Agent for the Meeting or any adjourned Meeting, and the Principal Paying Agent shall appoint the Information and Tabulation Agent as their a proxy to attend (virtually) and vote at the Meeting in accordance with such Direct Participant's instructions.  A Direct Participant holding Notes and not wishing to attend (virtually) the Meeting in person may alternatively deliver its valid voting certificate(s) to the person whom it wishes to attend (virtually) the Meeting on its behalf. Beneficial owners or their Direct Participants must have made arrangements to vote with the relevant Clearing System by not later than 48 hours before the time fixed for the Meeting (or any adjourned Meeting) and within the relevant time limit specified by the relevant Clearing System (who may set a significantly earlier deadline) and request or make arrangements for the relevant Clearing System to block the Notes in the relevant Direct Participant's account and to hold the same to the order or under the control of the Principal Paying Agent. Notes blocked as set out above will not be released until the earlier of (i) the date on which the relevant electronic voting and blocking instruction is validly revoked (including its automatic revocation on the termination of the related Consent Solicitation); (ii) the conclusion of the Meeting (or, if applicable, any adjourned such Meeting); and (iii) not less than 48 hours before the time for which the Meeting (or, if applicable, any adjourned Meeting) is convened, the notification in writing of any revocation of a Direct Participant's previous instructions to the relevant Paying Agent. Noteholders should note that the timings and procedures set out in this notice reflect the requirements for Noteholders' Meetings set out in the Trust Deed, but that the Clearing Systems and the relevant intermediaries may have their own additional requirements as to timings and procedures for voting on the Extraordinary Resolution. Accordingly, Noteholders wishing to vote in respect of the Extraordinary Resolution are strongly urged either to contact their custodian (in the case of a beneficial owner whose Notes are held in book-entry form by a custodian) or the relevant Clearing System (in the case of a Noteholder whose Notes are held in book-entry form directly in the relevant Clearing System), as soon as possible. The Issuer has determined that the Meeting be held virtually rather than physically in person and, in accordance with the provisions of the Trust Deed, has requested that the Trustee prescribe appropriate regulations regarding the holding of the Meeting. The Meeting will be held virtually using a platform hosted by the chairman of the Meeting to allow attendees to participate electronically. Details for accessing the Meeting will be made available to proxies who have been duly appointed under a block voting instruction and to holders of voting certificates, in each case issued in accordance with the procedures set out in this Notice. Any Noteholders who indicate to the Information and Tabulation Agent that they wish to participate electronically in, or otherwise be represented at, the Meeting (rather than being represented by the Information and Tabulation Agent pursuant to a block voting instruction as described above) will be provided with further details about attending (virtually) the Meeting. All references in this Notice to attendance or voting "in person" shall refer to the attendance or voting at the Meeting virtually. 2.             The quorum at the Meeting for passing the Extraordinary Resolution shall (subject as provided below) be one or more persons holding or representing not less than a clear majority of the aggregate nominal amount of the Notes for the time being outstanding (as defined in the Trust Deed). If a quorum is not present within 15 minutes (or such longer period not exceeding 30 minutes as the chairman may decide) after the time fixed for the Meeting, the Meeting will be adjourned until such date, not less than 13 clear days nor more than 42 clear days later, and such time as may be appointed by the chairman of the Meeting and approved by the Trustee. In addition, if the quorum required for, and the requisite majority of votes cast at, the Meeting is satisfied but the Eligibility Condition in respect of the Meeting is not satisfied, the chairman of the Meeting will adjourn the Meeting until such date, not less than 13 clear days nor more than 42 clear days later, and such time as may be appointed by the chairman of the Meeting and approved by the Trustee. The Extraordinary Resolution will then be considered at an adjourned Meeting (notice of which will be given to the Noteholders). At any adjourned Meeting, one or more persons being or representing Noteholders whatever the nominal amount of the Notes held or represented shall (subject as provided below) form a quorum and shall have the power to pass the Extraordinary Resolution. 3.             To be passed at the Meeting, an Extraordinary Resolution requires a majority in favour consisting of not less than three-quarters of the votes cast at the Meeting.   The question submitted to the Meeting shall be decided in the first instance by a show of hands unless a poll is (before, or on the declaration of the result of, the show of hands) demanded by the chairman of the Meeting, the Issuer, the Trustee or by one or more Voters (whatever the aggregate principal amount of the Notes so held or represented by them).  At each Meeting, (A) on a show of hands every person who is present in person (virtually) and who produces a voting certificate or is a proxy or representative has one vote and (B) on a poll every such person has one vote in respect of each £1,000 of principal amount of Notes so represented by the voting certificate so produced or for which he is a proxy or representative. At the Meeting a declaration by the Chairman that a resolution has or has not been passed shall be conclusive evidence of the fact without proof of the number or proportion of the votes cast in favour of or against such resolution. 4.             The implementation of the Consent Solicitation and the Extraordinary Resolution will be conditional on: (a)           the passing of the Extraordinary Resolution; and (b)           the quorum required for, and the requisite majority of votes cast at, the Meeting being satisfied by Eligible Noteholders only, irrespective of any participation at the Meeting by Ineligible Noteholders (and would also have been so satisfied if any Ineligible Noteholders who provide confirmation only of their status as Ineligible Noteholders and waive their right to attend (virtually) and vote (or be represented (virtually)) at the Meeting had actually participated at such Meeting), including, if applicable, the satisfaction of such condition at an adjourned Meeting (the "Eligibility Condition"), (together, the "Consent Conditions"). 5.             If passed, the Extraordinary Resolution passed at the Meeting will be binding upon all the Noteholders, whether present or not at the relevant Meeting and whether or not voting. Documents Available for Inspection Copies of items (a) to (d) below (together, the "Noteholder Information") will be available from the date of this Notice, for inspection during normal business hours at the specified offices of the Principal Paying Agent on any weekday (public holidays excepted) and on the Transaction Website (https://projects.sodali.com/lseg). (a)           this Notice; (b)           the current draft of the Supplemental Trust Deed as referred to in the relevant Extraordinary Resolution set out above (the "Supplemental Trust Deed"); (c)           the current draft of the Amended and Restated Final Terms as referred to in the Extraordinary Resolution set out above (the "Amended and Restated Final Terms"); and (d)           such other ancillary documents as may be approved by the Trustee and/or such other relevant party as are necessary or desirable to give effect to the Noteholder Proposal in full. This Notice should be read in conjunction with the Noteholder Information. The Noteholder Information may be supplemented from time to time. Existing Noteholders should note that the Supplemental Trust Deed and the Amended and Restated Final Terms may be subject to amendment (where such amendments are in line with the Proposed Amendments) up until 7 days prior to the date fixed for the initial Meeting. Should such amendments be made, blacklined copies (showing the changes from the originally available Supplemental Trust Deed or Amended and Restated Final Terms, as the case may be) and clean versions will be available from the Information and Tabulation Agent (including on the Transaction Website (https://projects.sodali.com/lseg)). Existing Noteholders will be informed of any such amendments to the Supplemental Trust Deed or Amended and Restated Final Terms by announcements released on the regulatory news service of the London Stock Exchange. CONTACT INFORMATION Further information relating to the Proposed Amendments can be obtained from the Solicitation Agent directly: THE SOLICITATION AGENT Lloyds Bank Corporate Markets plc 33 Old Broad Street London EC2N 1HZ United Kingdom Attention:                              Liability Management Group Telephone:                            +44 20 7158 1726 Email:                                    lbcmliability.management@lloydsbanking.com  The contact details for the Information and Tabulation Agent, the Principal Paying Agent and the Trustee are set out below:   THE INFORMATION AND TABULATION AGENT Sodali & Co Limited The Leadenhall Building 122 Leadenhall Street London EC3V 4AB United Kingdom Telephone:                                            +44 20 4513 6933 Email:                                                    lseg@investor.sodali.com Transaction Website:          https://projects.sodali.com/lseg THE TRUSTEE HSBC Corporate Trustee Company (UK) Limited 8 Canada Square London E14 5HQ United Kingdom THE PRINCIPAL PAYING AGENT HSBC Bank plc 8 Canada Square London E14 5HQ United Kingdom Noteholders whose Notes are held by Euroclear or Clearstream, Luxembourg should contact the Information and Tabulation Agent at the address details above for further information on the process for voting at the Meeting. ANNOUNCEMENTS If the Issuer is required to make an announcement relating to matters set out in this Notice, any such announcement will be made in accordance with all applicable rules and regulations via notices to the Clearing Systems for communication to Noteholders and an announcement released on the regulatory news service of the London Stock Exchange. This Notice is given by:   London Stock Exchange Group plc   Dated: 24 March 2026     Annex to the Notice of Meeting of 2030 Noteholders AMENDMENTS TO THE CONDITIONS IN RESPECT OF THE NOTES The following amendments will be made to the Final Terms for the Notes, which complete the Conditions for the Notes:   1.             The legend titled "Prohibition of Sales to UK Retail Investors" included on the front of the Final Terms for the 2030 Notes shall be deleted, and the item specifying "Prohibition of Sales to UK Retail Investors" in Part B of the Final Terms shall be specified to be "Not Applicable". 2.             The legend titled "UK MIFIR Product governance / Professional investors and ECPs only target market" shall be deleted and replaced with the following: UK MIFIR product governance / Professional investors and ECPs, and also UK retail investors target market - Solely for the purposes of the manufacturer's product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is professional clients, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA") ("professional client"), and eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook and also UK retail clients (for these purposes, a retail client means a person who is not a professional client); and (ii) all channels for distribution of the Notes are appropriate. Any person subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration the manufacturer's target market assessment; however, a distributor subject to the FCA Handbook Product Intervention and Product Governance Sourcebook is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturer's target market assessment) and determining appropriate distribution channels. 3.             The Specified Denominations included in paragraph 6(i) of Part A of the Final Terms for the 2030 Notes shall be deleted and replaced with the following:                                                                 (i)            £1,000 and integral multiples of £1,000 in excess thereof 4.             The words "Not Applicable" shall be deleted from the item specifying "Any clearing system(s) other than Euroclear Bank SA/NV and Clearstream Banking S.A. and the relevant identification number(s)" in Part B of the Final Terms for the 2030 Notes and the following language shall be inserted: Any clearing system(s) other than Euroclear Bank SA/NV and Clearstream Banking S.A. and the relevant identification number(s): The Notes will also be made eligible for Euroclear UK & Ireland Limited (formerly known as CRESTCo Limited) via the issue of dematerialised depository interests  representing the Notes  

Read More

The EBA Publishes Its Second MREL Impact Assessment Report

The European Banking Authority (EBA) today published its second Impact Assessment Report on the minimum requirement for own funds and eligible liabilities (MREL), assessing the effects of the framework on EU institutions, markets and funding structures. The Report shows that EU banks have continued to build up MREL resources, developing market access with limited impact on their business models. However, structural challenges remain for smaller banks.  EU banks have continued to build up MREL resources between 2022-2024 to meet final MREL targets applicable from 1 January 2024. By end-2024, resolution entities held MREL-eligible instruments amounting to 34.7% of total risk exposure amount (TREA) on average.  The analysis shows that the introduction of MREL requirements has prompted issuances of eligible liabilities from all banks. Most resolution entities recorded high levels of issuance, with EUR 371 billion in MREL-eligible instruments issued in 2024. Although the MREL framework has encouraged smaller banks and multiple point of entry (MPE) groups to develop market access, structural challenges persist, particularly for smaller institutions.  The composition of MREL resources reflects both subordination requirements and banks’ different ability to issue in wholesale funding markets. Senior non-preferred (SNP) instruments have become the dominant form of eligible debt. Larger banks continue to issue across different subordination layers, whereas smaller banks largely rely on retained earnings and Common Equity Tier 1 (CET1) capital to meet their MREL requirements. Overall, own funds remain the largest MREL component, accounting for 20.5% of TREA on average. Authorities report no material changes to banks’ business models that can be directly attributed to MREL. However, smaller, deposit-funded institutions face higher compliance costs and greater complexity compared to larger banks already active in wholesale markets. Structural adjustments within banking groups remain limited and are primarily driven by broader resolvability considerations rather than by MREL requirements alone.   Legal basis and background  The EBA is mandated under Article 45l(2) of the Bank Recovery and Resolution Directive (BRRD) to deliver to the European Commission every three years a report assessing the impact of the minimum requirement for own funds and eligible liabilities. This Report represents the final iteration of the report to be produced under the current mandate. Alongside this monitoring exercise, the EBA is also reflecting on possible ways to streamline the capital and TLAC/MREL framework, in the context of the implementation of the recommendations set out in its Report on the efficiency of the regulatory and supervisory framework. MREL is the requirement that ensures that relevant EU institutions have sufficient loss absorbing capacity to support the execution of the preferred resolution strategy in the event of failure. The BRRD set 1 January 2024 as a deadline to meet MREL requirements, except for those banks that recently changed resolution strategy, or those eligible for an extension in accordance with Article 45m BRRD. The report draws on quantitative data from MREL/TLAC reporting, FINREP, Dealogic, Markit, as well as on a qualitative survey of EU competent and resolution authorities.  Documents   MREL impact assessment report (900.23 KB - PDF) Related content Topic Resolution

Read More

Basel III Liquidity Indicators Increase Slightly While Risk-Based Capital And Leverage Ratios Are Stable For Large Internationally Active Banks, Latest Basel III Monitoring Exercise Shows

Banks' liquidity ratios increased slightly while Basel III risk-based capital and leverage ratios are stable in the first half of 2025. The average impact of the Basel III framework on the Tier 1 minimum required capital (MRC) of Group 1 banks decreased, driven by implementation progress. The newly expanded cryptoasset exposures dashboard shows how banks are classifying their cryptoasset exposures.  Basel III Liquidity Coverage Ratios (LCRs) and Net Stable Funding Ratios (NSFRs) increased while capital and leverage ratios remained stable for large internationally active banks in the first half of 2025, according to the latest Basel III monitoring exercise, published today. The report, based on data as of 30 June 2025, sets out trends in current bank capital and liquidity ratios and the impact of the fully phased-in Basel III framework, including the December 2017 finalisation of the Basel III reforms and the January 2019 finalisation of the market risk framework. It covers both large internationally active banks (Group 1) and other smaller banks (Group 2). See note to editors for definitions. The implementation of the final elements of the Basel III minimum requirements began on 1 January 2023. The report is accompanied by interactive Tableau dashboards, offering users an intuitive way to explore results. One dashboard focuses on banks' exposure to cryptoassets and shows how banks have reported whether they believe certain cryptoasset exposures meet the four classification conditions outlined in SCO60. Background Through a rigorous reporting process, the Basel Committee regularly reviews the implications of the Basel III standards for banks and has been publishing the results of such exercises since 2012. The results shown for "current Basel III framework" reflect the current jurisdictional standards that apply to the reporting banks as of 30 June 2025, which reflect different degrees of implementation of the Basel III reforms. The Basel III implementation dashboard provides an overview of Basel III implementation status across jurisdictions. The results shown for "fully phased-in final Basel III framework (2028)" assume that the positions as of 30 June 2025 were subject to the full application of the Basel III standards. That is, they do not account for transitional arrangements set out in the Basel III framework, which expire on 1 January 2028. No assumptions were made about bank profitability or behavioural responses, such as changes in bank capital or balance sheet composition. For that reason, the results of the study may not be comparable with industry estimates. Data are provided for 150 banks, including 101 large internationally active banks. These "Group 1" banks are defined as internationally active banks that have Tier 1 capital of more than €3 billion and include 29 institutions that have been designated as global systemically important banks (G-SIBs). The Basel Committee's sample also includes 49 "Group 2" banks (ie banks that have Tier 1 capital of less than €3 billion or are not internationally active). The values for the previous period may differ slightly from those published in the previous report. This is because, first, some banks have updated their earlier data to improve accuracy and expand the dataset over time. Second, additional national Pillar 1 requirements have been included to give a clearer picture of how Basel III affects banks' target capital requirements. For more information, you can refer to the Basel III monitoring methodology note.

Read More

Timing Of The UK Financial Conduct Authority's Motor Finance Announcement

The FCA will set out its approach on motor finance redress shortly after markets close on Monday 30 March, having consulted on a compensation scheme in October 2025.

Read More

New York Stock Exchange And Securitize Agree To Memorandum Of Understanding To Support Tokenized Securities - Collaboration Focuses On Digital Transfer Agent Infrastructure And Broker-Dealer Participation To Support Issuer-Sponsored Tokenized Securities On NYSE’s Digital Trading Platform

The New York Stock Exchange (NYSE), part of Intercontinental Exchange, Inc. (NYSE: ICE), one of the world’s leading providers of financial market technology and data powering global capital markets, and Securitize, the world’s leader in tokenizing real-world assets, today announced a collaboration to support the development of tokenized securities markets, with Securitize named as the first digital transfer agent eligible to mint blockchain-native securities for corporate or ETF issuers on the upcoming NYSE-affiliated tokenized securities platform (the Digital Trading Platform). As part of the collaboration formalized in their Memorandum of Understanding (MOU), NYSE plans to partner with Securitize as a premier design partner in the development of a digital transfer agent program intended to support on-chain settlement of tokenized security transactions. The companies plan to collaborate on the development of standards for digital transfer agents and tokenization agents participating in the digital ecosystem, with a focus on establishing regulatory, operational, and technology requirements for institutional-grade tokenized securities infrastructure. “The NYSE continues to lead the industry in responsible innovation,” said Lynn Martin, President, NYSE Group. “As we explore how tokenization can enhance capital markets, it is critical that new infrastructure is developed in a way that preserves the trust, transparency, and protections investors expect. Securitize brings deep experience in digital asset infrastructure and transfer agency, making them a strong partner in helping design this next generation of market structure.” This initiative will draw on Securitize’s experience as a leading tokenization platform and SEC-registered transfer agent, helping define the role of transfer agent infrastructure in maintaining official records of ownership, supporting corporate actions, and ensuring tokenized securities meet the standards of traditional markets. Subject to applicable requirements, this work is expected to support Securitize’s role as an approved digital transfer agent for the platform. “Securitize has spent years building the regulated infrastructure needed to bring real-world assets on-chain,” said Carlos Domingo, Co-Founder and CEO, Securitize. “We are proud to support NYSE in helping design the foundational transfer agent infrastructure for tokenized securities markets. This is about building tokenization in a way that works within real market structure, with the protections, controls, and operational integrity required for public securities.” As part of the broader collaboration, Securitize Markets is expected to become one of the broker-dealer participants on the upcoming Digital Trading Platform, supporting the development of market structure for issuer-sponsored tokenized securities.

Read More

CFTC Chairman Selig Announces Formation Of New Innovation Task Force

Today, Commodity Futures Trading Commission Chairman Michael S. Selig launched the Innovation Task Force, which is dedicated to advancing clear rules of the road for American innovators building novel products and technologies within U.S. derivatives markets.  The Innovation Task Force, in partnership with the Innovation Advisory Committee, will work with the Commission to develop a clear regulatory framework for innovators focused on: (i) crypto assets and blockchain technologies; (ii) artificial intelligence and autonomous systems; and (iii) prediction markets and event contracts.  “By establishing a clear regulatory framework for innovators building on the new frontier of finance, we can foster responsible innovation at home and ensure American market participants are not left on the sidelines” said Chairman Selig.  The Innovation Task Force is charged with executing on the Commission’s innovation agenda, and will coordinate with federal agencies and departments, including the U.S. Securities and Exchange Commission and its Crypto Task Force, on innovation initiatives. Michael J. Passalacqua, senior advisor to the Chairman, will lead the Innovation Task Force. 

Read More

Over 60 Cryptocurrencies: BISON Continues To Expand Its Offering

BISON expands its portfolio, listing seven additional altcoins Broader access to the crypto market within the fully regulated environment of Boerse Stuttgart Group The crypto trading platform now offers a total of 63 coins BISON, the crypto trading platform for retail investors of Boerse Stuttgart Group, continues to expand its offering: users can now trade seven additional cryptocurrencies within a fully regulated environment. The portfolio now comprises a total of 63 coins and includes cryptocurrencies such as Ethereum Name Service (ENS), Bonk (BONK), and Jupiter (JUP). “With the expansion of our offering, we are responding to the growing interest in altcoins and the demand for portfolio diversification,“ says Dr. Ulli Spankowski, CEO and Co-Founder of BISON. "This gives our customers even broader access to the crypto market within the secure and regulated environment of Boerse Stuttgart Group." The seven coins at a glance With the portfolio expansion, BISON customers now have access to seven additional cryptocurrencies - from established infrastructure tokens to innovative Solana-based projects with strong community participation: Ethereum Name Service (ENS): Governance token of the decentralized naming system on the Ethereum blockchain that enables human-readable addresses and decentralized domain services Bonk (BONK): Community-centric social token within the Solana ecosystem, designed to drive liquidity and user engagement through extensive dApp integrations Jupiter (JUP): Token of the decentralized exchange routing protocol in the Solana ecosystem, supporting liquidity and efficient trading routes Pyth Network (PYTH): Decentralized oracle network delivering high-quality financial and market data in real time to DeFi applications across multiple blockchains Dogwifhat (WIF): Community-driven digital asset on Solana that has gained significant market presence through viral momentum and high on-chain trading activity Popcat (POPCAT): Culture-based token within the Solana network, deriving its value from active community participation and robust trading liquidity Mask Network (MASK9): Web3 protocol and browser integration connecting social media platforms with decentralized features, enabling private interactions, crypto transactions, and dApp integration 60+ cryptocurrencies available for trading in a regulated environment There are no trading fees on BISON, only the spread applies. Custody is provided by Boerse Stuttgart Digital Custody GmbH, a regulated subsidiary of Boerse Stuttgart Group, which became the first German crypto custodian to receive the EU-wide MiCAR license. The crypto custodian has implemented a multi-level security concept with an integrated crime insurance policy, which covers stored coins against theft, hacker attacks, and other risks, and applies to hot, warm, and cold wallets.

Read More

ETFGI Reports Record US$21.24 Trillion In Global ETF Assets As Inflows Reach Highest YTD Level On Record At End Of February

ETFGI reports record US$21.24 Trillion in Global ETF Assets as Inflows Reach Highest YTD Level on Record at end of February. During February, the ETFs industry globally gathered net inflows of US$301.52 billion, bringing year-to-date net inflows to a record US$451.99 billion, according to ETFGI's February 2026 Global ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. ETFGI, is a 14 year old leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, 6 annual ETFGI Global ETFs Insights Summits, and ETF TV on global ETF industry trends.  (All dollar values in USD unless otherwise noted) Highlights • Global ETF assets reached a new record of US$21.24 trillion at the end of February, surpassing the previous high of US$20.64 trillion set in January 2026. • Assets have grown 7.0% year‑to‑date, rising from US$19.84 trillion at year‑end 2025 to US$21.24 trillion. • The global industry recorded US$301.52 billion in net inflows during February. • Year‑to‑date net inflows reached a record US$451.99 billion—the highest on record—exceeding the previous YTD highs of US$304.70 billion in 2025 and US$252.60 billion in 2024. • February marked the 81st consecutive month of net inflows. • iShares is the largest provider in terms of assets with US$5.91 Tn, reflecting 27.8% market share; Vanguard is second with $4.51 Tn and 21.3% market share, followed by State Street SPDR ETFs with $2.09 Tn and 9.8% market share. The top three providers, out of 978, account for 58.9% of Global ETF AUM, while the remaining 975 providers each have less than 5% market share “The S&P 500 declined by 0.76% in February and was up 0.68% year‑to‑date in 2026. Developed markets excluding the U.S. rose 6.03% during February and were up 12.55% year‑to‑date, with Korea (up 20.11%) and Luxembourg (up 16.61%) recording the strongest gains among developed markets for the month. Emerging markets increased by 2.47% in February and were up 8.11% year‑to‑date, led by Thailand (up 19.48%) and Taiwan (up 11.63%),” said Deborah Fuhr, Managing Partner, Founder, and Owner of ETFGI. Growth in assets in the Global ETFs industry as of the end of February The Global ETFs industry had 16,187 products, with 31,566 listings, assets of $21.24 Tn, from 978 providers on 84 exchanges in 65 countries at the end of February. Net Flows: During February, ETFs globally recorded $301.52 billion in net inflows.Equity ETFs gathered $138.24 billion in net inflows for the month, bringing year‑to‑date net inflows to $171.53 billion, above the $125.33 billion attracted by this point in February 2025. Fixed income ETFs saw $50.54 billion in net inflows during February, lifting YTD net inflows to $82.73 billion, higher than the $65.97 billion gathered by the end of February 2025. Commodities ETFs reported $11.62 billion in net inflows** in February, bringing YTD net inflows to $26.45 billion, significantly above the $12.47 billion reported at the same point in 2025. Active ETFs attracted $91.15 billion in net inflows during the month, with YTD net inflows rising to $167.58 billion, compared to $103.29 billion at the end of February 2025. Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $89.96 Bn during February. ProShares GENIUS Money Market ETF (IQMM US) gathered $18.25 Bn, the largest individual net inflow.​ Top 20 ETFs by net new assets February 2026: Global     Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available. The top 10 ETPs by net new assets collectively gathered $9.77 Bn over February. SPDR Gold Shares (GLD US) gathered $2.51 Bn, the largest individual net inflow. Top 10 ETPs by net new assets February 2026: Global​​​ Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available. Investors have tended to invest in Equity ETFs during February.

Read More

IOSCO Publishes Investment Funds Statistics Report And Updates Dashboard

The International Organization of Securities Commissions (IOSCO) published today its 2025 Investment Funds Statistics Report (IFSR) and updated its associated Dashboard. The IFSR is the only publicly available dashboard to aggregate both public and private investment fund types on a global level. It presents aggregated information submitted by IOSCO members to provide a global overview of the size, composition, and risk characteristics of investment funds. The report covers hedge funds, open-ended funds, and closed-ended funds, drawing on regulatory data collected through existing reporting frameworks and publicly available data, for 2024. This fourth edition of the IFSR reflects submissions from a broad set of jurisdictions and captures a substantial share of global investment fund activity. The report contains information from 38 IOSCO member jurisdictions for the 2024 reporting year and encompasses 128,389 funds representing USD 72.6T in global aggregate net asset value (NAV) and ~85% of the global investment funds industry1. While reporting coverage varies by fund type and jurisdiction, the data provides meaningful insight into trends in fund numbers, NAV, investment strategies, geographical investment focus, asset-class exposures, derivatives usage, leverage, liquidity risk, and counterparty risk2. Overall, the data indicates continued growth in aggregate NAV across major fund types in 2024, alongside relatively stable risk profiles. Borrowing and leverage remain lower for open-ended and closed-ended funds than for hedge funds. Investment activity remains concentrated in a small number of jurisdictions and asset classes, with notable differences in strategy and risk characteristics across fund types. “This fourth edition of the Investment Funds Statistics Report (IFSR) covers more jurisdictions than ever before. One of a kind, it provides a consistent, high-level overview of the global investment funds industry, with a particular focus on leverage, liquidity risk, and counterparty risk, to inform investors and interested stakeholders. Its associated dashboard facilitates the visualisation of data and sheds light on meaningful trends.” - Jean-Paul Servais, IOSCO Board Chair The percentage is calculated using Preqin’s estimate for hedge funds as of September 2024 of USD 4.98T, ICI’s estimate for open-ended funds as of Q4 2024 of USD 79.27T less USD 5.39T for funds-of-funds, and a comparative figure for closed-ended funds of USD 6.02T using the percentage of total NAV for open-ended funds IOSCO has collected compared to global estimates and Preqin’s 2023 estimates of Private Equity. In total, the above combined provides an estimate of the global investments funds industry to be USD 85.01T. Given differences in regulatory frameworks, reporting obligations, and data availability, not all jurisdictions are able to provide information for all fund types or risk dimensions. Where relevant, the report highlights data limitations and methodological considerations to support appropriate interpretation of the results.

Read More

Fime Achieves EMVCo Recognition For Biometric Card Sensor Testing

Fime, a global leader in payments, digital identity and smart mobility, today announced that its EMEA laboratory has received EMVCo recognition for the evaluation of fingerprint biometric sensors, helping organizations establish trust and bring solutions to market. This new capability strengthens Fime’s role as a trusted enabler of innovation in the payment ecosystem. As biometric payment cards move from pilots to large-scale deployments, Fime’s recognized testing services help banks, card manufacturers and biometric technology providers validate performance, meet security requirements and accelerate time to market. The recognition enables Fime to evaluate fingerprint sensors against the EMV® Biometric Card Specification, assessing key criteria such as reliability, liveness detection and user convenience, to help ensure solutions meet global industry standards. “Biometrics are reshaping the future of secure payments,” said Noël Catherine, SVP Services at Fime. “This recognition expands our ability to support the ecosystem as biometric cards scale globally. Our mission is to help innovators bring secure, trusted solutions to market faster.” Fime has been supporting biometric technologies since 2017, providing functional and security testing for sensors, biometric components and authenticator devices. This new recognition further expands Fime’s capabilities to support the next generation of secure, seamless and user-friendly payment experiences. Learn more about the EMVCo recognition and its benefits, including increased interoperability through compliance with international standards.Find out how Fime can support your biometric solution testing here.*EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.

Read More

ING Arranges £105m Green Loan For UK’s Largest All‑Timber Frame Office Development

ING has arranged a £105m green loan to finance the development of Xylo, a landmark Clerkenwell project set to become the UK’s largest all‑timber frame trophy office building. The financing supports Global Holdings Group’s redevelopment of 100 Grays Inn Road into nine floors of high-quality workspace which will set a new benchmark for sustainable workplaces in London upon its completion in Q2 2028. Samuel Ellis, Head of UK Real Estate at ING, said:“This is the kind of project where sustainable finance genuinely matters. This financing supports a development that materially reduces carbon while delivering high‑quality workspace. That combination is rare and it’s exactly where we want to deploy capital.” Xylo represents a significant step-change in sustainability with everything from carbon-sequestering timber to carefully monitored deliveries to reduce overall emissions. End-of-trip facilities, a café, and high-quality cycle parking encourage active commuting and healthier daily routines. The project also boasts energy-efficient systems, low-VOC materials and natural finishes throughout. Josh Lawrence, Chief Executive of Global Holdings Management Group UK, said:  “We are pleased to have completed this financing agreement with our trusted partners ING and follows our appointment of McLaren Construction to deliver this game-changing project. Xylo will showcase the most environmentally friendly technologies in a truly beautiful building, underpinned by a vibrant neighbourhood and abundant transport links making it the perfect workspace for leading international businesses.” Xylo aims to achieve some of the best indoor environmental quality metrics in the UK. Centred around a 6.5m vaulted lobby, Xylo will provide 97,000 sq ft of Grade A office space all featuring beautifully crafted interiors using natural and sustainable materials throughout.   Xylo will also feature a 3,640 sq ft town hall space with bar, lounge and auditorium space, a 3,800 sq ft rooftop garden, 5 landscaped terraces with uninterrupted views across London, a café/restaurant, as well as cycle parking and shower facilities. The building is designed to achieve LETI Pioneer, NABERS UK 5.5-star and BREEAM ‘Excellent’ certifications; taken together they represent a deep focus on building one of the most advanced environmentally sensitive building in the world. The embodied carbon levels will be 50% lower than a typical London office building and reduce operational carbon emissions by up to 82% compared to standard buildings. The loan has been structured as a green facility, with proceeds earmarked specifically to support the project’s environmental objectives. The transaction reflects continued demand for green financing in the UK development market, particularly for projects that combine strong locations with measurable sustainability outcomes. With deep local expertise and a strong track record in complex financings, ING remains committed to supporting the evolution of the UK real estate market. Sustainability is a key pillar of this approach, with ING working alongside clients to enhance the environmental performance and resilience of their assets, financing the transition towards more energy‑efficient, future‑proof buildings.

Read More

Showing 1381 to 1400 of 1628 entries
DDH honours the copyright of news publishers and, with respect for the intellectual property of the editorial offices, displays only a small part of the news or the published article. The information here serves the purpose of providing a quick and targeted overview of current trends and developments. If you are interested in individual topics, please click on a news item. We will then forward you to the publishing house and the corresponding article.
· Actio recta non erit, nisi recta fuerit voluntas ·