Gemini Space Station, Inc. ("Gemini"), a global crypto platform, today announced the pricing of its initial public offering of 15,178,572 shares of Class A common stock at a public offering price of $28.00 per share. In connection with the offering, Gemini and the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 300,565 and 458,364 shares of Class A common stock, respectively, to cover over-allotments. Gemini will not receive any proceeds from any sale of shares by the selling stockholders. Gemini's Class A common stock is expected to begin trading on the Nasdaq Global Select Market on September 12, 2025 under the ticker symbol "GEMI" and the offering is expected to close on September 15, 2025, subject to customary closing conditions. Goldman Sachs & Co. LLC and Citigroup are acting as lead bookrunners. Morgan Stanley and Cantor are also acting as lead bookrunners. Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, Needham & Company, and Rosenblatt are acting as bookrunners. Academy Securities, AmeriVet Securities, and Roberts & Ryan are acting as co-managers. The offering is being made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained by visiting EDGAR on the Securities and Exchange Commission's (the "SEC") website at www.sec.gov. Alternatively, copies of the prospectus may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, or email: prospectus-ny@ny.email.gs.com; or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146). A registration statement relating to these securities has been filed with, and declared effective by, the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Commodity Futures Trading Commission’s Division of Clearing and Risk today announced it is withdrawing CFTC Letter No 16-61, Recovery Plans and Wind-down Plans Maintained by Derivatives Clearing Organizations and Tools for the Recovery and Orderly Wind-down of Derivatives Clearing Organizations, effective immediately. As stated in the withdrawal letter, because systemically important derivatives clearing organizations and derivatives clearing organizations that elect to be subject to Subpart C of Part 39 of the CFTC’s regulations are already required to maintain viable recovery and wind-down plans that are consistent with the risk management requirements of the Commodity Exchange Act, CFTC regulations, and relevant international standards, the guidance is duplicative and not necessary.  RELATED LINKS CFTC Staff Letter No. 25-30

The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting at the SEC Headquarters in Washington D.C. on Sept. 18, 2025, at 10 a.m. ET. The meeting will also be webcast on the SEC website. The committee will host two panel discussions on reconsidering the eligibility criteria and regulatory treatment of foreign private issuers. The committee will also discuss a potential recommendation regarding retail investor access to private market assets. The full agenda is available on the committee’s webpage. The Investor Advisory Committee, which focuses on investor-related interests, advises the Commission on regulatory priorities and various initiatives to help protect investors and promote the integrity of the U.S. securities markets. Established by statute, the Committee is authorized by Congress to submit findings and recommendations to the Commission. Learn more about the Investor Advisory Committee by visiting the committee’s webpage.

Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for August 2025. Funded Customers at the end of August were 26.7 million (down approximately 10 thousand from July 2025, up approximately 2.4 million year-over-year). In August, Funded Customers growth was offset by the impact of required escheatment of approximately 180 thousand low-balance accounts. Total Platform Assets at the end of August were $304 billion (up 2% from the end of July 2025, up 112% year-over-year). Net Deposits were $4.8 billion in August, or a 19% annualized growth rate relative to July 2025 Total Platform Assets. Over the last twelve months, Net Deposits were $61.6 billion, or an annual growth rate of 43% relative to August 2024 Total Platform Assets. Equity Notional Trading Volumes were $199.2 billion (down 5% from July 2025, up 107% year-over-year). Options Contracts Traded were 195.5 million (roughly flat to July 2025, up 33% year-over-year). Robinhood App Crypto Notional Trading Volumes were $13.7 billion (down 18% from July 2025, up 154% year-over-year). Bitstamp Exchange Crypto Notional Trading Volumes were $14.4 billion (up 21% from July 2025). Margin balances at the end of August were $12.5 billion (up 10% from the end of July 2025, up 127% year-over-year). Total Cash Sweep balances at the end of August were $34.1 billion (up 1% from the end of July 2025, up 50% year-over-year). Total Securities Lending Revenue in August was $53 million (down 13% from July 2025, up 165% year-over-year).   August2025 July2025 M/MChange August2024 Y/YChange (M - in millions, B - in billions)           Funded Customer Growth (M)           Funded Customers 26.7 26.7 -   24.3 +10 %             Asset Growth ($B)           Total Platform Assets $303.9 $298.0 +2 % $143.6 +112 % Net Deposits1 $4.8 $6.4 NM $3.3 NM             Trading           Trading Days (Equities and Options) 21 22 (5 %) 22 (5 %) Total Trading Volumes           Equity ($B) $199.2 $209.1 (5 %) $96.2 +107 % Options Contracts (M) 195.5 195.8 -   146.9 +33 % Crypto ($B)           Robinhood App ($B) $13.7 $16.8 (18 %) $5.4 +154 % Bitstamp Exchange ($B) $14.4 $11.9 +21 % - NA             Daily Average Revenue Trades (DARTs) (M)         Equity 2.5 2.7 (7 %) 1.9 +32 % Options 1.2 1.1 +9 % 0.9 +33 % Crypto2 0.6 0.7 (14 %) 0.3 +100 %             Customer Margin and Cash Sweep ($B)         Margin Book $12.5 $11.4 +10 % $5.5 +127 % Total Cash Sweep $34.1 $33.6 +1 % $22.8 +50 % Gold Cash Sweep $32.3 $31.7 +2 % $22.2 +45 % Non-Gold Cash Sweep $1.8 $1.9 (5 %) $0.6 +200 %             Total Securities Lending Revenue ($M) $53 $61 (13 %) $20 +165 %   1. Starting in June 2025, Net Deposits include results from Bitstamp. Net Deposits do not include results from TradePMR.2. Crypto DARTs do not reflect Bitstamp Institutional activity. For definitions and additional information regarding these metrics, please refer to Robinhood’s full monthly metrics release, which is available on investors.robinhood.com. The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Robinhood’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Robinhood’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release.

The Autorité des marchés financiers (AMF) and the Office of the Superintendent of Financial Institutions (OSFI) are releasing their report from the Standardized Climate Scenario Exercise (SCSE), which involved more than 250 Canadian financial institutions. Based on the findings from the SCSE, while climate-related financial risks may not pose an immediate threat, they could become more profound over the long term and expose the financial sector to vulnerabilities. Consequently, institutions need to enhance their data and modeling capacity in order to support more targeted analysis and integrate climate risk into their core decision-making processes. “Enhancing the methods for measuring, assessing and managing climate-related financial risks is key to maintaining confidence in the financial system,” said Yves Ouellet, AMF President and CEO. “Ongoing efforts in this area will help safeguard financial stability and reinforce institutional resilience as climate-related challenges evolve,” he added. “The SCSE was a key step forward in advancing climate risk management practices at financial institutions. The final SCSE report highlights the power of data-driven analysis in understanding climate-related risks,” said Peter Routledge, Superintendent, OSFI. “I thank the AMF for their collaboration, which helped broaden participation and deepen our insights. Together, we’re laying the groundwork for a more resilient Canadian financial system.” The AMF and OSFI will incorporate the findings of the report into their supervisory expectations and risk management guidance. Future work will focus on assessing financial institutions’ capacity to measure and adequately assess climate- and catastrophe-related financial risks using robust data-driven approaches. Standardized Climate Scenario Exercise In 2024, OSFI, in collaboration with the AMF, conducted the SCSE with three objectives in mind. The first was to enhance the financial sector's understanding of climate-related financial risks. The second was to facilitate the building of capacity to measure climate risks. The third was to provide a standardized and comparable overview of physical and transition risks for the vast majority of federally regulated and Québec-regulated financial institutions. The SCSE enabled financial institutions to effectively build their capacity to identify, assess and quantify climate risks using standardized frameworks and methodologies. For many of the participating institutions, the SCSE was their first experience with such an assessment, which confirmed the overall value and relevance of the exercise.

Following the successful launch of the Women in Clearing Network, in March 2024 the EACH’s Women in Clearing Series was inaugurated. This is an initiative with the objective of featuring a key female leader on a regular basis to inspire other professionals in the industry. This month’s inspiration comes from Fiona van Echelpoel. Fiona has over 35 years experiences in financial markets, gained across various roles at central banks. She worked initially for the Central Bank of Ireland in the Markets Department, before moving in 1996 to the European Monetary Institute in Frankfurt – the precursor to the European Central Bank (ECB).  Since 2018, Fiona has been holding the position of Deputy Director General in the area of market infrastructure and payments, with responsibility for oversight and a variety of policy and regulatory topics. Fiona has volunteered to share with us her personal and professional journey by responding to three questions: What was the aspect of yourself that you had to work on the most to get to where you are now? This is always an interesting area to reflect on and if forced to narrow this down to one aspect, probably confidence building would be what stands out most. After my initial years at the Central Bank of Ireland, I had gotten to a good place, gaining confidence initially from investing in doing my work well, getting to know my colleagues and understanding the environment in which I operated. However, when I left Dublin for Frankfurt, I left my comfort zone and I had to start again – and this time in a multicultural environment that was very new to me (Dublin in 1996 was very different to Dublin today!). But even so, the same principles supported me again and I drew confidence from the experience I had gained in Dublin and soon started to find my place, and my voice! It helped that the ECB was growing continually in the early years so no one was “the new girl” for very long. As someone who enjoys the company of others, I soon got to know many people from across different teams and departments – also through sports - which was invaluable. Although I would not have labelled this “a network” back then, in time I began to realise the benefits of knowing people across multiple teams and being able to reach out for advice and support, and I appreciate this so much – still today. I would also add that you gain confidence from the authority bestowed by the positions you hold in the early part of your career, but as you progress higher, it is the confidence you have built up over the years - to speak up, to share your thoughts, to initiate change and to reach out to others - that brings you forward. What key tip would you give for professionals to successfully develop in their careers? I would strongly encourage new professionals to take every opportunity they can to engage with those around them, as well as to observe and learn from them (they are called “role models” for a reason!). While it may seem a bit daunting to approach those a few ranks above, you will generally find that they appreciate the approach and are happy to share their experience and knowledge – although do some research first, choose your moment wisely and be prepared to work on the advice offered. It is also important to have someone in your reporting line that supports you and is interested in your development. How do you see the future of clearing in 10 years? Technology will have a bearing on clearing, as in other areas of the financial markets – but I don’t believe it will transform clearing into something dramatically different to what we know today – or at least not within 10 years. DLT, tokenisation and AI are just a few of the technological advancements that are being looked at in the clearing space. At the ECB, we are also working on harnessing the opportunity of tokenisation and DLT to help advance towards a digital Capital Markets Union for the European Union – bringing the market with us in a collaborative approach across public and private stakeholders, including CCPs and others in the field of clearing. This is clearly a journey, with the path and end destination also being part of the project, so interesting years ahead for all of us! Hear more about Fiona by reading the attached document or using this link. Our heartfelt gratitude to Fiona for her thoughtful and enlightening contribution! We look forward to continuing the EACH’s Women in Clearing Series by hosting many skilled women leaders to inspire other professionals in the clearing sector! The Women in Clearing network takes the form of a LinkedIn group that participants may use to connect with each other.

On 15 September 2025, the following updated constituents list for OFZ Zero Coupon Yield Curve will come into force. № Name Registration number 1 OFZ 26245 SU26245RMFS9 2 OFZ 26219 SU26219RMFS4 3 OFZ 26226 SU26226RMFS9 4 OFZ 26207 SU26207RMFS9 5 OFZ 26232 SU26232RMFS7 6 OFZ 26212 SU26212RMFS9 7 OFZ 26242 SU26242RMFS6 8 OFZ 26228 SU26228RMFS5 9 OFZ 26218 SU26218RMFS6 10 OFZ 26241 SU26241RMFS8 11 OFZ 26221 SU26221RMFS0 12 OFZ 26244 SU26244RMFS2 13 OFZ 26225 SU26225RMFS1 14 OFZ 26233 SU26233RMFS5 15 OFZ 26240 SU26240RMFS0 16 OFZ 26243 SU26243RMFS4 17 OFZ 26230 SU26230RMFS1 18 OFZ 26238 SU26238RMFS4 19 OFZ 26239 SU26239RMFS2 20 OFZ 26247 SU26247RMFS5 21 OFZ 26236 SU26236RMFS8 22 OFZ 26237 SU26237RMFS6 23 OFZ 26248 SU26248RMFS3 24 OFZ 26235 SU26235RMFS0 25 OFZ 26224 SU26224RMFS4 26 OFZ 26246 SU26246RMFS7 Read more on the Moscow Exchange: https://www.moex.com/n93549

Euronext today announced the results of the annual review for the CAC Family indices, which will be implemented after markets close on Friday 19 September 2025 and will be effective from Monday 22 September 2025. Results of the Annual Review CAC 40® Index Inclusion of: Exclusion of:  EURONEXT TELEPERFORMANCE   CAC® Next 20 Index Inclusion of: Exclusion of:  TECHNIP ENERGIES N. V. EURAZEO SE TELEPERFORMANCE EURONEXT   CAC® Large 60 Index Inclusion of: Exclusion of:  TECHNIP ENERGIES N. V. EURAZEO SE   SBF 120® Index Inclusion of: Exclusion of:  ABIVAX  ESSO EXAIL TECHNOLOGIES OVH   CAC® Mid 60 Index Inclusion of: Exclusion of:  ABIVAX ESSO EURAZEO SE OVH EXAIL TECHNOLOGIES TECHNIP ENERGIES N. V.   CAC® Small Index Inclusion of: Exclusion of:  ABEO ABIVAX AELIS FARMA BALYO ANTIN INFRASTRUCTURE PARTNERS BOIRON ATEME COMPAGNIE CHARGEURS INVEST ESSO DEKUPLE EXPLOSIFS PROD.CHI EXAIL TECHNOLOGIES INFOTEL HAULOTTE GROUP LINEDATA SERVICES   MAAT PHARMA   OVH   TFF GROUP   TOTALENERGIES EP GABON   TRANSGENE   VETOQUINOL   VIEL ET COMPAGNIE   VRANKEN-POMMERY     CAC® Mid & Small Index Inclusion of: Exclusion of:  ABEO BALYO AELIS FARMA BOIRON ANTIN INFRASTRUCTURE PARTNERS COMPAGNIE CHARGEURS INVEST ATEME DEKUPLE EURAZEO SE HAULOTTE GROUP EXPLOSIFS PROD.CHI TECHNIP ENERGIES N. V. INFOTEL   LINEDATA SERVICES   MAAT PHARMA   TFF GROUP   TOTALENERGIES EP GABON   TRANSGENE   VETOQUINOL   VIEL ET COMPAGNIE   VRANKEN-POMMERY     CAC® All-Tradable Index Inclusion of: Exclusion of:  ABEO BALYO AELIS FARMA BOIRON ANTIN INFRASTRUCTURE PARTNERS COMPAGNIE CHARGEURS INVEST ATEME DEKUPLE EXPLOSIFS PROD.CHI HAULOTTE GROUP INFOTEL   LINEDATA SERVICES   MAAT PHARMA   TFF GROUP   TOTALENERGIES EP GABON   TRANSGENE   VETOQUINOL   VIEL ET COMPAGNIE   VRANKEN-POMMERY     The Independent Supervisor retains the right to change the published selection, for instance in the case of a removal due to a takeover, until the publication of the final data after close of Wednesday 17 September 2025. All events taking place after that date will not result in the replacement of any company that may need to be removed from the final index selection. Review CAC® Family  The CAC® Family is reviewed quarterly (March, June, September, December). The full annual review is in September. Next CAC Steering Committee Review: Thursday 11 December 2025.

Euronext today announced the results of the quarterly review for the ISEQ 20®, ISEQ 20® Capped and ISEQ® Small, which will be implemented after markets close on Friday 19 September 2025 and will be effective from Monday 22 September 2025. Results of the Quarterly Review ISEQ 20® Inclusion of: Exclusion of:  DONEGAL INVESTMENT     ISEQ 20® Capped Inclusion of: Exclusion of:  DONEGAL INVESTMENT     ISEQ® Small Inclusion of: Exclusion of:    DONEGAL INVESTMENT   The Independent Supervisor retains the right to change the published selection, for instance in the case of a removal due to a takeover, until the publication of the final data after close of Wednesday 17 September 2025. All events taking place after that date will not result in the replacement of any company that may need to be removed from the final index selection. Review ISEQ® Family The ISEQ® is reviewed quarterly (March, June, September, December). The full annual review is in March. 

Euronext today announced the results of the quarterly review[1] for the CAC 40 ESG® Index, which will be implemented after markets close on Friday 19 September 2025 and will be effective from Monday 22 September 2025. Results of the Quarterly Review CAC 40 ESG® Inclusion of: Exclusion of:  EURONEXT TELEPERFORMANCE   The Independent Supervisor retains the right to change the published selection, for instance in the case of a removal due to a takeover, until the publication of the final data after close of Wednesday 17 September 2025. All events taking place after that date will not result in the replacement of any company that may need to be removed from the final index selection. Review CAC 40 ESG® The CAC 40 ESG® is reviewed quarterly (March, June, September, December). Next CAC Steering Committee Review: Thursday 11 December 2025.  [1] The CAC 40 ESG® Index methodology incorporates rule changes effective from the June 2025 review, including the introduction of the index investable universe.

Orascom Construction (ADX: ORAS) becomes the third company to list on the exchange in 2025 Builds on the broad momentum of successful listings in Abu Dhabi Provides investors with direct exposure to infrastructure expansion and energy transition across global markets The Abu Dhabi Securities Exchange (ADX) today welcomed the listing of Orascom Construction, a leading global engineering and construction contractor and concessions developer, on the largest exchange in the UAE and among the top 20 in the world.  This marked the third company to list on the ADX in 2025, demonstrating the exchange’s commitment to expanding market access and driving opportunity and growth through an innovative, dynamic, and transparent marketplace, which is supported by a robust capital markets platform and a wide range of market participants. Through its deep and dynamic capital market, ADX continues to actively support the UAE’s economic growth, diversification, and competitiveness, offering Orascom Construction efficient access to growth capital, a vast investor base, and an ecosystem that enables issuers to achieve their capital raising ambitions and thrive. On this occasion, Abdulla Salem Alnuaimi, Group Chief Executive Officer of Abu Dhabi Securities Exchange (ADX), said: “The listing of Orascom Construction is a qualitative addition that enhances market depth and opens new horizons for investors to participate in the next phase of the region’s development. By welcoming a leading player in the infrastructure sector, we are expanding the range of investment opportunities, particularly products linked to long-term infrastructure and energy needs. This step complements ADX’s offering of 12 diverse sectors, including financial services, healthcare, technology, real estate, energy, and others. Such diversity reflects the strength of listed companies, which achieved the highest profitability among GCC exchanges in the first half of 2025, with net profits up 15.6% year-on-year to 88 billion Dirhams. ADX remains committed to meeting investor aspirations and reinforcing Abu Dhabi’s position as a global financial hub.” Osama Bishai, Chief Executive Officer of Orascom Construction, commented: “We are pleased to begin trading on ADX today. We are already an active player across construction and infrastructure investments in Abu Dhabi, and we look forward to bringing our unique track record of delivering major projects and investments across our global markets to both new and existing shareholders. This marks the first step in our internal restructuring to expand our construction activities and strengthen our infrastructure investments. Our focus remains on creating long-term value, and this milestone reinforces our platform as we continue to execute our growth strategy.” Orascom Construction primarily executes infrastructure, industrial and high-end commercial projects in the Middle East, Africa, and the U.S. The firm also develops and invests in concessions, owns 50% of the BESIX Group, and holds a portfolio comprising building materials, facility management, and equipment services. The group consistently ranks among the top contractors in the world and has a secondary listing on the Egyptian Exchange (EGX). In H1 2025, Orascom Construction reported a consolidated backlog of USD 9.6 billion, USD 2 billion in revenue, and a net profit of USD 82.7 million. Since its IPO in March 2025, the company has rewarded shareholders with more than USD 300 million through dividends and share buybacks – and paid out dividends consistently since 2018. Total dividends have increased 20.7% year on year so far in 2025 to USD 51.8 million. With a total market capitalization of 3 trillion Dirham, ADX serves as a trusted platform for investing in Abu Dhabi’s capital markets. The exchange has led returns in the GCC and outperformed the MSCI Emerging Markets Index over the past decade and global benchmarks over the last 20 years.

In his address at the Opening Bell Ceremony, Korkmaz Ergun, the CEO of Borsa İstanbul A.Ş., stated the following:  “Distinguished Guests, Today, I welcome you all to the Opening Bell Ceremony hosted by our Exchange as we celebrate the listing of Dof Robotik Sanayi A.Ş. at Borsa İstanbul. DOF Robotik Sanayi A.Ş. is a distinguished company that develops innovative products in the technology sector. It stands as a valuable representative of our nation’s technology-driven industrial advancement. Through its commitment to research and development, it has secured a significant position in global markets. Today, by starting to trade on our Exchange, the company is sharing the value it has created with its investors. I extend my thanks to everyone who contributed to this successful IPO, the company and the intermediary institution. I wish this IPO to be auspicious for our capital markets, and I extend a warm welcome to Dof Robotik Sanayi A.Ş. as it joins Borsa İstanbul family.

“DTCC welcomes the news that SIFMA’s Accounting Committee Working Group has completed its review of FICC’s Agent Clearing Service (ACS) model, and has made certain accounting conclusions. The conclusions and the results of a related consultation with the SEC’s Office of the Chief Accountant are publicly available on SIFMA’s website. FICC worked closely with outside counsel and SIFMA’s Accounting Committee Working Group on its conclusions and we look forward to advancing industry efforts in this area through further dialogue with our members and their clients. FICC’s Agent Clearing Service (ACS) model enables ACS Members to submit transactions to FICC for novation on behalf of their Executing Firm Customers. ACS delivers the same benefits of central clearing as offered in other asset classes, such as the futures and derivatives clearing models. Launched in March 2025, today, the ACS service successfully clears a daily average of $174 billion in U.S. Treasury transactions. We remain keenly focused on assisting market participant firms on their paths to adopting central clearing capabilities as they work towards compliance with the SEC’s expanded U.S. Treasury clearing requirements. As the leader in the central clearing of government securities, FICC offers a range of direct and indirect access models as well as robust support for done-with and done-away transactions, ensuring best in class support for the cleared U.S. Treasury market.” For more information on FICC’s Government Securities Division (GSD), visit here.   * DTCC and its affiliates are not engaged in the business of providing accounting, tax, legal or regulatory advice.  Clients should always consult with their own counsel, accountants, and advisors before entering into any investment, funding or risk management transactions. 

Time of Derivatives market trading resumption is 15:55 MSK 11.09.2025. The trading system is available for order withdrawal as of 15:40 MSK.

Please be advised that trading on the Derivatives market was suspended at 15:23 MSK 11.09.2025. The time of trading resumption would announced in a due course.

Starting from September 16, 2025, the process of publishing Trading and End of Day Index Data will be changed on the Moscow Exchange. Please read the description of the changes below and take them into account when receiving index and iNAV results. Instructions for using Trading and End of Day Index Data Currently, End of Day Index Data for the past trading day (for the main trading session) are available to users at ~20:00 via the following channels: In the Information and Statistical Server (ISS) of the Moscow Exchange. On the Moscow Exchange website in End of Day Data section. On the Moscow Exchange website in Index Bulletins section. On the website of the Moscow Exchange in the archive of Index values. Starting from September 16, 2025, users of index information will be able to choose the session type of End of Day Index Data. So, the following changes will be made in the context of information receiving channels: Informational & Statistical Server (ISS). Trading results for each trading session and for the entire trading day will be published at unique addresses in the Informational & Statistical Server (ISS) of the Moscow Exchange in the periods after the end of the corresponding session: Morning trading session (sessions=0) – results are available at ~10:00 on the day of the corresponding session at: iss.moex.com/iss/history/engines/stock/markets/index/sessions/0/securities/IMOEX2 Main trading session (sessions=1) – results are available at ~20:00 on the day of the corresponding session at: iss.moex.com/iss/history/engines/stock/markets/index/sessions/1/securities/IMOEX2 The after-hours (evening) trading session (sessions=2) – results are available at ~23:59 on the day of the relevant session at: iss.moex.com/iss/history/engines/stock/markets/index/sessions/2/securities/IMOEX2 Trading day (sessions=3), including all additional trading sessions – results are available at ~23:59 after the end of the trading day at: iss.moex.com/iss/history/engines/stock/markets/index/sessions/3/securities/IMOEX2 Additional weekend session (sessions=5) – results are available at ~19:20 on the day of the corresponding session at: iss.moex.com/iss/history/engines/stock/markets/index/sessions/5/securities/IMOEX2 On the Moscow Exchange website, in End of Day Data, index data for the entire trading day will be available at ~23:59 after the end of the trading day. At the same time, a selection of trading results for each session will be available in the specified section of the site. On the Moscow Exchange website, in the Index Bulletins section, index totals will be available at ~20:00 for the main trading session of the corresponding trading day. In the archive of the corresponding index values on the Moscow Exchange website, data will be available at ~23:59 of the corresponding trading day, both in the context of trading days and in the context of each session (the results of an additional weekend session will be available to users on the next working trading day at ~23:59). Due to the changes, there will be 2 new mailing lists about the index results: Index values based on the results of the main session (Stock market and government securities) Index values based on the additional weekend session (Stock market and government securities) Table of changes in publication of Trading and End of Day Index Data: Resource AS IS TO BE ISS ~20:00 – Trading day: https://iss.moex.com/iss/history/engines/stock/markets/index/securities ~20:00 – Main trading session: https://iss.moex.com/iss/history/engines/stock/markets/index/sessions/1/securities ~23:59 – Trading day (all sessions): https://iss.moex.com/iss/history/engines/stock/markets/index/securities MOEX website End of Day Data ~20:00 – Trading Day ~20:00 – Main trading session Section of Stock market indices – Main session trading Data ~23:59 – Trading day (all sessions) Section of Stock market indices – End of Day Data Index Bulletins ~20:00 – Main trading session (no changes) Archive of index values ~20:00 – Trading day equal to the main session ~23:59 – Trading day (all sessions) and each session separately Read more on the Moscow Exchange: https://www.moex.com/n93516

Z/Yen is pleased to present a short update on the progress being made in Seoul in its development as a financial centre and in particular its focus on AI and FinTech. Seoul Metropolitan Government (SMG) is a member of Z/Yen’s Vantage Financial Centres network. The aim of this update is to provide readers with news about the progress being made by the city of Seoul. Seoul is a rising star among the financial cities of the world. It is already one of the top 10 cities in the world based on various indices, and it has many more opportunities to offer as a financial hub and great growth potential. Seoul believes that global financial companies are our true partners for growth. There are many incentives provided to global financial companies that enter into Seoul, such as the financial incentives provided when moving into IFC. 1. The establishment of the Global AI Innovation Leading City, Seoul 2. Facilities ➔2-1. Seoul Fintech Lab ➔2-2. Seoul Fintech Lab 2 3. Talent Development ➔3-1. Graduate School of Digital Finance ➔3-2. Seoul Fintech Academy 4. FDI Incentives 5. Seoul Financial Hub 6. Forthcoming Events ➔6-1. Seoul Investors Forum 2025 ➔6-2. Seoul Fintech Week 2025 SMG invites all who are interested to get in touch to explore the potential for investment and development in the Asian market. For more information, please visit: https://english.seoul.go.kr/ Download the Report

On Wednesday, September 10, 2025 Secretary of the Treasury Scott Bessent presided over a meeting of the Financial Stability Oversight Council (Council) at the Treasury Department. The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Council to convene no less than quarterly, but the Council has historically convened on a more frequent basis. The meetings bring Council members together to discuss and analyze emerging market developments and financial regulatory issues. The Council is committed to conducting its business as openly and transparently as practicable, given the confidential supervisory and sensitive information at the center of its work. Consistent with the Council's transparency policy, the Council opens its meetings to the public whenever possible. Open session Council meetings are made available to the public via live webcast and can also be viewed after they occur. Upcoming Council meeting dates and times are posted following the official notification to Council members of an upcoming meeting. Meeting minutes and readouts for past Council meetings are available below. Meeting minutes for the most recent Council meeting are generally approved at the next Council meeting and posted online soon afterwards. Meeting Documents Meeting Date  Meeting Minutes  Meeting Readout  Public Session Webcast  September 10, 2025   Readout - 09/10/2025 Public Session - 09/10/2025 June 4, 2025 Minutes - 06/04/2025 Readout - 06/04/2025   March 20, 2025 Minutes - 03/20/2025 Readout - 03/20/2025   December 6, 2024 Minutes - 12/06/2024 (approved by Notational Vote on 01/06/2025) Readout - 12/06/2024 Public Session - 12/06/2024 October 18, 2024 Minutes - 10/18/2024 Readout - 10/18/2024   September 20, 2024 Minutes - 09/20/2024 Readout - 09/20/2024   May 10, 2024 Minutes - 05/10/2024 Readout - 05/10/2024 Public Session - 05/10/2024 February 23, 2024 Minutes - 02/23/2024 Readout - 02/23/2024   December 14, 2023 Minutes - 12/14/2023 Readout - 12/14/2023 Public Session - 12/14/2023 November 3, 2023 Minutes - 11/03/2023 Readout - 11/03/2023 Public Session - 11/03/2023

Today, U.S. Secretary of the Treasury Scott K. H. Bessent convened a meeting of the Financial Stability Oversight Council (Council) in executive and open sessions at the U.S. Department of the Treasury (Treasury).  During the executive session, the Council heard an update from Treasury staff on the Council’s focus and priorities for the upcoming fiscal year.  The presentation discussed why economic growth and security are integral to financial stability and the Council’s related priorities for the coming year.  The presentation also addressed the Council’s intention to review its guidance related to nonbank financial company determinations under section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Council’s analytic framework for financial stability risks.  Council members discussed ways in which their efforts could advance the Council’s priorities going forward. The Council also received a briefing from Treasury staff on a recent interagency tabletop exercise hosted by Treasury focusing on crisis preparedness.  Council members discussed next steps to enhance the resilience of critical market infrastructure.   In addition, the Council heard an update from Treasury staff on the development of the Council’s 2025 annual report and regarding the Council’s fiscal year 2026 budget.  During the open session, the Secretary described his views on financial stability, the importance of economic growth and security, and his priorities for the Council for the upcoming year.  The Council also received an update from the Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation on banking supervision and regulatory reforms.  The update described steps the federal banking agencies are taking to enhance the efficiency of their regulatory and supervisory frameworks.   The Council also voted to approve its fiscal year 2026 budget, rescind the charters of the Council’s Climate-related Financial Risk Committee and Climate-related Financial Risk Advisory Committee, and approve the minutes of its previous meeting on June 4, 2025.  The approved budget provides for fiscal year 2026 expenditures of $10,104,683 for the Office of the Financial Stability Oversight Council at Treasury and the office of the Council’s independent member with insurance expertise. In attendance at the Council meeting at Treasury or virtually were the following members:  Scott K. H. Bessent, Secretary of the Treasury (Chairperson of the Council) Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System Jonathan V. Gould, Comptroller of the Currency Russell Vought, Acting Director, Consumer Financial Protection Bureau Paul S. Atkins, Chairman, Securities and Exchange Commission Travis Hill, Acting Chairman, Federal Deposit Insurance Corporation Caroline D. Pham, Acting Chairman, Commodity Futures Trading Commission William J. Pulte, Director, Federal Housing Finance Agency Kyle S. Hauptman, Chairman, National Credit Union Administration Thomas Workman, Independent Member with Insurance Expertise James Martin, Acting Director, Office of Financial Research (non-voting member) Steven Seitz, Director, Federal Insurance Office (non-voting member) Elizabeth K. Dwyer, Director, Rhode Island Department of Business Regulation (non-voting member) Lise Kruse, Commissioner, North Dakota Department of Financial Institutions (non-voting member) Melanie Lubin, Securities Commissioner, Office of the Attorney General of Maryland, Securities Division (non-voting member) Additional information regarding the Council, its work, and the recently approved budget  and meeting minutes is available at http://www.fsoc.gov.    

I would like to call this meeting of the Financial Stability Oversight Council to order.  Today is the Council’s first public session this year, which is fitting—the start of September is a natural moment for renewal and fresh focus.  In that spirit, I’d like to discuss how economic growth strengthens financial stability—and how economic stagnation puts it at risk.  Understanding these dynamics is key to advancing FSOC’s mission. Before we start, I’d like to have a moment of silence for the friend of many people in this room, Charlie Kirk, and the tragic incident that happened today. My heart is with the Kirk family during this devastating time. Inexcusable violence belongs nowhere in a civilized society. Charlie is a brave young man, a devoted husband, a loving father, and a great patriot. Please join me in praying for Charlie, his family, and our country. Thank you all.  Warren Buffett has a penchant for spotting risk before others.  He attributes his success in this arena to identifying what he calls “the ABCs of decay:” arrogance, bureaucracy, and complacency.  If allowed to metastasize, Buffett says, these cancers lead to stagnation.  And stagnation leads to collapse.  That’s why companies—just as countries—must constantly guard against stagnation.  Yet regulators too often overlook the threat economic stagnation poses to financial stability.  And they come to regret it later.  History is replete with examples: the Latin American Debt Crisis of the 1980s; Japan’s “Lost Decades;” and the Eurozone Debt Crisis.  In each instance, a period of stagnation or depressed growth precipitated financial calamity, including bank failures, currency devaluations, and sovereign debt crises.  These cautionary tales provide a powerful lesson for FSOC.  As the country’s systemic risk watchdog, we cannot overlook the significant risk economic stagnation can pose to financial stability.  Stagnation can make it harder for businesses and consumers to service private debt.  It can raise questions about the sustainability of public debt.  It can dampen earnings expectations, reducing asset values.  It can lead to investors demanding higher risk premiums.  These dynamics can reinforce one another, increasing a cycle of pessimism that spreads stress across the financial system. By contrast, a dynamic, innovative, and entrepreneurial economy is better able to withstand shocks.  Growth is the antidote to stagnation.  Which is why expanding economic growth must be among FSOC’s top priorities.  Wage gains, increasing business earnings, higher tax revenues, reduced fiscal demands, and lower risk premiums all create buffers—both economic and psychological—that support a resilient financial system.  With a focus on economic growth, in the coming year, the Council will consider ways to enhance the member agencies’ supervisory and regulatory frameworks, as well as other efforts to position banks and other regulated entities to foster innovation and further support economic growth.  Our financial system must also be secure against internal disruptions and external threats.  The Council’s work on economic security will include a focus on the resilience of our critical financial markets, including the Treasury, fixed-income, and equity markets, and the resilience of our critical market infrastructure. To this end, the Council will develop an interpretation of financial stability that will incorporate economic growth and security as key pillars.  And so we will revisit the guidance and analytic framework that the Council adopted in 2023, to promote alignment with our new direction.  Under my leadership, the Council is committing to procedural rigor where the nonbank designation power is concerned.  There are other statutory tools at the FSOC’s disposal, such as its power to issue recommendations to member agencies, that can, if needed, mitigate the financial stability risks associated with certain financial activities. This tool is more tailored and precise than the designation power, which singles out individual institutions for designation and subsequent regulation by the Federal Reserve.  I thank my fellow Council members for your cooperation in advancing the Council’s new growth and economic security agenda for the ultimate good of all Americans, from Wall Street to Main Street.