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FTSE 100 Ends The Year At 9931.38 Points - A 21.51% Increase From The Previous Year End

FTSE Russell announces the FTSE 100 has closed the year at 9931.38 points and an increase of 21.51% from the previous end of year close - the largest annual percentage increase since 2009 (22.07%). The total points rise of the FTSE 100 in 2025 was 1758.36.  Click here to download the daily price history for the FTSE 100 since 1st January 2020.  Additionally, please find some facts and figures about the FTSE 100 below:  FTSE 100 YTD growth: 21.41%   Total market capitalisation: £2.4 trillion  Largest daily return: 9.84% (Total Return, 24th Nov 2008)  Smallest daily return: -12.2% (Total Return, 20th Oct 1987)  To calculate today’s combined increase in market capitalisation for the constituent companies within the FTSE100, please use the divisor 241.547224 and the following calculation:  Divisor number x difference in points value for the day x 1,000,000  

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HKEX: Report On Initial Public Offering Applications, Delisting And Suspensions (December 2025)

This monthly report provides key statistics relating to the various stages in discharging our regulatory oversight duties during the reporting period. The information for the reporting period covers, among others, the number of applications processed and their current status, the number of comment letters and guidance issued to new/ potential new listing applicants and their advisers with the corresponding processing time, the number of rejection and return of listing applications, as well as the number of delisted and suspended companies.  Overview of listed companies  Main Board GEM Total Number of listed companies 1. As at 1 January 2025 2,308 323 2,631 2. Newly listed companies  118 1 119 3. Delisted companies 52 12 64 4. As at 31 December 2025 2,374 312 2,686   Initial Public Offering Applications (As at 31 December 2025)   Main Board GEM Others (1)  Total A. Applications Processed (2025 Year-to-date)(2) (3) (4) 549 _____ 11 _____ 52 _____ 612 _____ 1. Applications brought forward from 31 December 2024 and renewal applications 94 0 2 96 2. New applications acknowledged in 2025 (5) 455 _____ 11 _____ 50 _____ 516 _____   Total 549 11 52 612 The application status of which as at 31 December 2025(2)   1. Listed (6)  119 1 48 168 2. Approved by the Listing Committee pending listing   23 1 0 24 3. Under processing  316 4 1 321 4. Others (i.e. lapsed (7), rejected (8) , returned (8) (9) or withdrawn)  91 _____  5 _____  3 _____  99 _____   Total  549 11 52 612   Below are the respective processing time taken by the Exchange in respect of different types of submissions. In this table, the data covers the letters/ responses made by the Exchange within the relevant reporting month, and the processing time taken by the Exchange refers to business days taken between the acknowledgement date of the relevant application/ submission and the date of issue of the letter/ response by the Exchange. The Exchange treats all applicants fairly and equally in accordance with relevant Listing Rules, and the length of the processing time depends on various factors including quality and timeliness of the applicants’ responses and time required for obtaining clearance by the applicant from other relevant authorities and regulators. The Exchange generally does not impose any deadline for response to its comment letters/ guidance. B. Processing Time Guidance Issued in December 2025 on Potential New Applications on Matters Relating to the Listing Rules 31 Median of business days taken by the Exchange for issuing written response 10 First Comment Letters Issued in December 2025 on New Applications 45 Median of business days taken by the Exchange for issuing first comment letter 13 Second Comment Letters Issued in December 2025 on Applications 16 Median of business days taken by the Exchange for issuing second comment letter 14 Hearing Bundle Letters Issued in December2025 on Applications (10)(11) 25 Median of business days taken by the Exchange for issuing hearing bundle letter 10 Applications with Incomplete Response/ Major Concerns Letters/ Comment Letters on New Material Developments Issued in December 2025 (12) 31 Applications presented to the Listing Committee hearing for the 12 months ended 31 December 2025 (13) 133 1. Median of total business days taken by the Exchange to issue comments from the listing application acknowledgement date to the date of hearing bundle letter (13) (14) 32 2. Median of total business days taken by parties other than the Exchange (e.g. sponsors) from the listing application acknowledgement date to the date of hearing bundle letter (14) 59 3. Median of total business days taken from the listing application acknowledgement date to the date of hearing bundle letter (14) 92 New Listings for the 12 months ended 31 December 2025 (15) 120 Median of total business days from the Listing Committee hearing to listing 20   (1) Including application by investment vehicle pursuant to Chapters 20 and 21 of the Main Board Listing Rules. (2)  The number of applications processed also includes application by investment vehicle pursuant to Chapters 20 and 21 of the Main Board Listing Rules, application for transfer of listing from GEM to the Main Board, application for listing of a successor company which satisfies the new listing requirements under Chapter 8 of Main Board Listing Rule as a result of an acquisition of, or a business combination with, a De-SPAC target by a SPAC, and deemed new applicant pursuant to Main Board Listing Rules 8.21C or 14.84/ GEM Listing Rule 19.84, and very substantial acquisition treated as reverse takeover pursuant to Main Board Listing Rule 14.06(6)/ GEM Listing Rule 19.06(6). Renewal applications refer to applications acknowledged within three months following a lapsed application by the same applicant. In this context, the Exchange considers such renewal application as a continuance of its original application. New applications include (i) applications filed with the Exchange for the first time; and (ii) applications filed after a returned, rejected or withdrawn application, or more than three months after a lapsed application by the same applicant. (3)  For the applications processed in a relevant reporting year, they include applications that were approved by the Listing Committee prior to, or during, the relevant reporting year. As at the date of this report, 131 Main Board applications and 2 GEM applications were approved by the Listing Committee during 2025. (4) The applications processed in 2025 include 492 applications under the Enhanced Application Timeframe (as defined in the Joint Statement on Enhanced Timeframe for New Listing Application Process issued by the Exchange and Securities and Futures Commission on 18 October 2024 (the Joint Statement)), of which there were 99 eligible A-share listed companies for Accelerated Timeframe (as defined in the Joint Statement). (5)  New Applications acknowledged in December 2025 include 53 Main Board applications, 0 GEM application, and 1 applications pursuant to Chapter 20 of the Main Board Listing Rules. (6)  Including 1 transfer of listing from GEM to the Main Board, 2 listings of a successor company which satisfies the new listing requirements under Main Board Chapter 8 as a result of an acquisition of, or a business combination with, a De-SPAC target by a SPAC, and 1 listing of a deemed new applicant pursuant to Main Board Listing Rules 8.21C or 14.84/ GEM Listing Rule 19.84, and very substantial acquisition treated as reverse takeover pursuant to Main Board Listing Rule 14.06(6)/ GEM Listing Rule 19.06(6). (7)  An application shall lapse when six months have elapsed since the submission of an application form pursuant to Main Board Listing Rule 9.03/ GEM Listing Rule 12.07. (8)  There have been 0 rejection and 1 return of listing application for the year to date. If an application is rejected or returned, the same applicant may resubmit a new listing application once it has subsequently satisfied all applicable Listing Rules. (9)  Applications returned on the ground that the information in the listing application proof or related documents is not substantially complete. (10)  Subsequent to the issuance of the hearing bundle letter, when the applicants and their sponsors have a listing document that is ready for hearing, and having obtained all requisite approvals from other authorities or regulators, the application will proceed to the hearing.   (11) Including 4 hearing bundle letters issued for applications under the Accelerated Timeframe for eligible A-share listed company. (12) Including 31 incomplete response/ nil major concerns letters/ nil comment letters on new material developments were issued. Generally, the reasons for issuing the above letters are related to material legal/ regulatory development/ material complaint/ material changes in financial information/ pending update of financial information (including, for example, applications relying on early filing). (13)  The applications presented to the Listing Committee hearing for the 12 months ended 31 December 2025 include 101 applications under the Enhanced Application Timeframe since 18 October 2024 of which 26 applications were under the Accelerated Timeframe for eligible A-share listed company. Pursuant to the Joint Statement, the business days taken for each round of comments may be subject to slight adjustments, but overall it is expected that the time taken by the Exchange will be no more than 40 business days. (14)  For applications acknowledged prior to the adoption of the Enhanced Application Timeframe, the latest round of comment letter issued by the Exchange immediately prior to the hearing is treated as the hearing bundle letter for computation purpose. (15) Not including listings by investment vehicle(s) (including Exchange Traded Funds (ETFs) and Real Estate Investment Trust (REITs)) and investment companies pursuant to Chapters 20 and 21 of the Main Board Listing Rules.   Delisting and Suspension Information (As at 31 December 2025)   Main Board GEM Total A. Number of delisted companies (since 1 January 2025) 1. Cancellation of listing pursuant to delisting procedures under the Listing Rules 24 7 31 2. Voluntary withdrawal of listing (16) 26 3 29             3. Transfer of listing from GEM to Main Board  N/A 2 2 4. De-SPAC transaction (17) 2 _____ N/A _____ 2 _____  Total 52 12 64 B. Number of companies in suspension for three months or more (as at 31 December 2025)        1. Delisting approval by the Listing Committee 8 1 9 (18)  2. Other suspended companies (19)   59 (20) _____ 13 (21) _____ 72 _____  Total 67 14 81     (16)  Either under (a) a compulsory acquisition under Main Board Rule 6.15(1) or GEM Rule 9.23(1) or (b) a privatisation by way of a scheme of arrangement or capital reorganisation under Main Board Rule 6.15(2) or GEM Rule 9.23(2). (17) An acquisition of, or a business combination with, a De-SPAC target by a SPAC that results in the listing of a successor company which satisfies the new listing requirements under Chapter 8 of Main Board Listing Rule. (18) 6 Main Board companies and 1 GEM company have applied to the Exchange to review the delisting decisions of the Listing Committee. The review procedures are in progress. (19) The Exchange may cancel the listing of companies if trading in their securities has remained suspended for 18 continuous months under Main Board Rule 6.01A or 12 continuous months under GEM Rule 9.14A.  Depending on the specific facts and circumstances of a suspended company, the Exchange may at any time publish a delisting notice stating its right to delist the company if it fails to resume trading within a shorter period specified in the notice. (20) Please refer to the Monthly Prolonged Suspension Status Report (Main Board) for the status of companies suspended for three months or more. (21) Please refer to the Monthly Prolonged Suspension Status Report (GEM) for the status of companies suspended for three months or more.

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NSE Indices Index Dashboard For The Month Ended December 2025

Click here to download the 'Index Dashboard' for the month ended December 2025.

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ETFGI Reports That Assets Invested In The Environmental, Social, And Governance (ESG) ETFs Listed Globally Reached A New Record Of US$799.35 Billion At The End Of November

ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported today that assets invested in the Environmental, Social, and Governance (ESG) ETFs industry globally reached a new record of US$799.35 billion at the end of November. During November ESG ETFs listed globally gathered net inflows of US$5.70 billion, bringing YTD net inflows to US$48.77 Bn, according to ETFGI’s November 2025 ETF ESG industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in unless otherwise noted.) Highlights Assets invested in the ESG ETFs industry globally reached a new record of $799.35 Bn at the end of November, beating the previous record of $797.71 Bn in October 2025. Assets increased 25.3% YTD in 2025, going from $637.71 Bn at the end of 2024 to $799.35 Bn. Net inflows of $5.70 Bn during November. YTD net inflows of $48.77 Bn are the sixth highest on record, while the highest YTD net inflows are of$147.35 Bn in 2021, followed by YTD net inflows of $68.86 Bn in 2022 and YTD net inflows of $68.66 Bn in 2020. 7th month of net inflows. iShares is the leading ESG ETF provider globally, managing $269.01 billion in assets and holding a 33.7% market share. Amundi ETF ranks second with $108.84 billion (13.6% share), followed by UBS ETFs with $55.59 billion (7.0% share). Together, the top three providers—out of 262—account for 54.2% of global ESG ETF assets, while the remaining 259 providers each represent less than 7% market share. “The S&P 500 rose 0.25% in November and is up 17.81% year-to-date. Developed markets excluding the U.S. gained 0.73% in November and are up 30.79% in 2025, with Luxembourg (+9.82%) and Ireland (+8.05%) posting the largest monthly increases. Emerging markets declined 1.69% in November but remain up 22.40% year-to-date, while Saudi Arabia (-8.57%) and the United Arab Emirates (-6.05%) recorded the largest monthly decreases,” according to Deborah Fuhr, Managing Partner, Founder, and Owner of ETFGI. Growth in assets in the ESG ETFs listed globally as of end of November The first ESG ETF was listed in 2002, at the end of November there were 1,581 ESG ETFs listed globally, with 5,101 listings, assets of $799.35 Bn, from 262 providers listed on 51 exchanges in 40 countries. Trends and Insights Broad ESG strategies dominate the ESG ETF landscape, accounting for the largest share of assets and inflows. Impact-oriented themes like Clean Energy and Green Bonds show strong investor interest, reflecting the growing focus on climate and sustainability. Exclusions-based strategies remain relevant, particularly Broad Exclusions, which has seen steady inflows. Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $5.85 Bn in November. Amundi MSCI World Screened UCITS ETF (WLSC FP) gathered $715.56 Mn, the largest individual net inflow. Top 20 ESG ETFs by net new assets November 2025         Name Ticker Assets ($ Mn) Nov-25 NNA ($ Mn) YTD-25 NNA ($ Mn) Nov-25 Amundi MSCI World Screened UCITS ETF WLSC FP            730.10                 716.59              715.56 AXA IM MSCI World Equity PAB UCITS ETF AWDU IM         1,355.54              1,044.79              553.96 iShares MSCI USA ESG Screened UCITS ETF SASU LN       18,282.16              5,957.70              516.18 Amundi MSCI Europe Screened UCITS ETF EUSC FP            428.97                 419.92              416.96 iShares MSCI EM ESG Enhanced UCITS ETF EEDM LN         8,348.97              1,358.74              375.89 UBS SPIR ESG ETF SPISI SW         2,382.24                 496.62              342.57 Amundi MSCI USA ESG Broad Transition UCITS ETF Dist USA FP         6,538.48                 362.80              327.37 Cathay Taiwan Select ESG Sustainability High Yield ETF 00878 TT       14,220.55              2,858.18              298.69 Amundi MSCI Emerging Markets ESG Broad Transition UCITS ETF DR (C) SBIM GY         1,201.53                 599.52              280.45 CSI Power Grid Equipment Theme ETF 159326 CH            293.23                 280.20              218.95 CAPITAL ICE ESG 20+ YEAR BBB US CORPORATE ETF 00937B TT         8,615.76                 824.21              216.56 Amundi Euro Aggregate Bond ESG EGRI FP         1,342.91                (651.32)              215.87 iShares MSCI USA ESG Enhanced UCITS ETF EEDS LN       26,530.02              3,900.42              195.43 UBS Sustainable Development Bank Bonds 5-10 MDB5 IM            217.39                 123.66              185.64 Xtrackers MSCI AC World Screened UCITS ETF 1C XMAW GY         5,572.00                 129.87              169.05 iShares MSCI World ESG Enhanced UCITS ETF EEWD LN         6,652.70                 800.77              166.40 Fidelity Global Equity Research Enhanced PAB UCITS ETF FRPG GY            216.60                 214.36              166.35 YIS MSCI World Universal YIWUU IM            167.31                 166.19              166.19 YIS MSCI USA Selection UCITS ETF USD Acc YIUS2 IM            452.89                 428.55              165.67 UBS MSCI ACWI Universal UCITS ETF AWESGW SW         6,381.96              1,183.83              159.24     Confusion persists around what constitutes an ESG fund. According to PRI, an UN-supported initiative which seeks to understand the investment implications of ESG issues, 56% of adopters believe there is a lack of clarity in ESG definitions. ETFGI’s classification system attempts to provide greater precision, with ETFs/ETPs listed globally organised into categories, including core ESG products and theme-based groups, such as Clean/Alternative Energies and Gender Diversity.

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London Stock Exchange Group plc ("LSEG") Transaction In Own Shares

LSEG announces it has purchased the following number of its ordinary shares of 679/86 pence each from Citigroup Global Markets Limited ("Citi") on the London Stock Exchange as part of its share buyback programme, as announced on 04 November 2025. Date of purchase: 30 December 2025 Aggregate number of ordinary shares purchased: 59,000 Lowest price paid per share: 8,874.00p Highest price paid per share: 8,982.00p Average price paid per share: 8,943.36p   LSEG intends to cancel all of the purchased shares. Following the cancellation of the repurchased shares, LSEG has 510,443,075 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 510,443,075. This figure for the total number of voting rights may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) (as such legislation forms part of retained EU law as defined in the European Union (Withdrawal) Act 2018, as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter), a full breakdown of the individual purchases by Citi on behalf of the Company as part of the buyback programme can be found at: http://www.rns-pdf.londonstockexchange.com/rns/2025N_1-2025-12-30.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:       59,000 (ISIN: GB00B0SWJX34) Date of purchases:      30 December 2025 Investment firm:         Citi Aggregate information: Venue Volume-weighted average price Aggregated volume Lowest price per share Highest price per share London Stock Exchange 8,943.36 59,000 8,874.00 8,982.00 Turquoise        

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The Amman Stock Exchange Indices Quarterly Review

The Amman Stock Exchange (ASE) has conducted the periodic quarterly review of the ASE indices constituents in purpose of ensuring that these indices reflect the market performance and the trading activity of the listed companies. By this rebalancing, the activity of listed companies in regard to trading during the last quarter has been reviewed. After that, the ASE has conducted its screening process for all listed companies based on the criteria used by the ASE represented by full market capitalization of the companies and the number of trading days during the last quarter. As a result of this review, 10 companies have been excluded from the general index sample ASEGI, and another 7 companies have been added. The companies that have been excluded from the index sample were: Al-Nisr Al-Arabi Insurance, Jerusalem Insurance, Jordanian Expatriates Investment Holding, Salam Internationl Transport & Trading, Al Sanabel International for Islamic Investments (Holding), Arab Aluminium Industry /Aral, Injaz for Development & Projects, Nutri Dar, Jordan Vegetable Oil Industries, and Philadelphia Pharmaceuticals. The companies that have been added to the index sample were: Petra Education Company, Middle East Holding, Arabia Insurance Company - Jordan, Jordan Insurance, Mediterranean Tourism Investment, Zara Investement Holding, and Jordan Dairy. As part of the process, the ASE calculated the free float for all listed companies on the ASE based on the data received from the Securities Depository Center. Note that the ASE is setting a 10% cap for the company's weight in the index to prevent the index from being dominated by individual companies. Regarding the general index ASEGI, the full market capitalization of the index constituents represents 95.1% of the total market capitalization of the companies listed on the ASE. The free float market capitalization of the index constitutes represents 97.0% of the total free float market capitalization of the listed companies on the ASE. As for the ASE20 index and ASETR index sample the full market capitalization of the index constituents represents 88.3% of the total market capitalization of the companies listed on the ASE, while the free float market capitalization of these companies represents 90.5% of the total free float market capitalization of the ASE listed companies. In light of the above, the index constituents will be modified on the 4th of January 2026. Interested parties can access the constituents of the index with the new weights through the following link: https://www.exchange.jo/en/constituents

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SGX RegCo Appoints Dr Sung Cheng Chih Chairman - Professor Tan Cheng Han Steps Down

Singapore Exchange Regulation (SGX RegCo) is appointing Dr Sung Cheng Chih as non-executive and independent chairman effective 1 January 2026. Dr Sung replaces Professor Tan Cheng Han who is relinquishing the role after almost nine years on the board. Dr Sung has been on the RegCo board since 1 January 2025. He started his investment career at GIC where he was last Chief Risk Officer in 2011. He later co-founded Avanda Investment Management, a Singapore-based global asset manager, and retired in 2021. Dr Sung studied mathematics first at the University of Waterloo and later at the University of Minnesota. Professor Tan is Chief Strategy Officer at the NUS Faculty of Law and a former Dean. He is also a Senior Consultant at Wong Partnership LLC. Professor Tan holds a Bachelor of Law (Honours) degree from the National University of Singapore and a Master of Laws degree from University of Cambridge. “Serving as the first chairman of Singapore Exchange Regulation (SGX RegCo) has been an honour. From its inception nine years ago, SGX RegCo is today seen as a trusted independent regulator, driving governance improvements and greater investor participation. We have learnt a lot together over these years and have, I feel, etched a path towards more market discipline, board renewal and diversity. I am confident Cheng Chih, with his deep understanding of financial markets, will lead SGX RegCo in making further inroads as a market regulator and developer,” said Professor Tan. “To chair the board of SGX RegCo is a unique opportunity. This is a company whose policies and actions are closely intertwined with the reputation of, and confidence in, Singapore’s capital markets. The team here has contributed much to the Equities Market Review Group (EMRG) under Cheng Han’s leadership. These are big shoes to fill, and I will do my best to steer RegCo as it implements the EMRG’s recommendations aimed at further enhancing and developing our marketplace,” said Dr Sung.

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Montréal Exchange Interest Rate Derivative Trading Ceases At 13:30 Today, December 31, 2025 - Exchange's Markets Closed On January 1, 2026

Interest rate derivative trading will cease at 1:30 p.m. today, December 31, 2025. Furthermore, the Exchange's markets will be closed on January 1, 2026.

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MIAX: Additions To The Penny Interval Program For January 2, 2026

As part of the annual review of the Penny Interval Program (“Penny Program”), MIAX Options, MIAX Pearl Options, MIAX Emerald Options, and MIAX Sapphire Options will make changes to the securities listed in the Penny Program, effective Friday, January 2, 2026.Please refer to the following Regulatory Circulars for the list of changes and more information on the Penny Program: MIAX Options RC 2025-106 MIAX Pearl Options RC 2025-108 MIAX Emerald Options RC 2025-105 MIAX Sapphire Options RC 2025-128

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Minutes Of The Federal Open Market Committee, December 9–10, 2025

The Federal Reserve on Tuesday released the minutes of the Federal Open Market Committee meeting that was held on December 9–10, 2025. The minutes for each regularly scheduled meeting of the Committee are generally published three weeks after the day of the policy decision. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting. The minutes can be viewed on the Board’s website. Minutes of the Federal Open Market CommitteeDecember 9-10, 2025: HTML | PDF

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FINRA Orders American Portfolios Financial Services To Pay $4.6 Million In Restitution For Overcollection Of Fees, Retention Of Surplus Interest - Firm Failed To Accurately Calculate Bank Deposit Program Fees And Failed To Disclose Retention Of Surplus Interest Earned From Customers’ Funds

FINRA has ordered American Portfolios Financial Services, Inc. (APFS) to pay $4.6 million in restitution to customers impacted by the firm’s inaccurate representation of how it calculated its fees and its retention of undisclosed, surplus interest. The fees and surplus interest were earned from customers’ funds in the firm’s bank deposit program between April 2018 and September 2022. The firm was also fined $550,000 for the violations.    Bank deposit programs allow broker-dealers to automatically transfer customers' uninvested cash balances from their brokerage accounts into interest-bearing, Federal Deposit Insurance Corporation-insured bank accounts. These programs are designed to help customers earn interest on cash that might otherwise sit idle. During the period at issue, APFS enrolled approximately 85,000 customers in its bank deposit program. From April 2018 through September 2022, APFS provided customers with inaccurate disclosures about how it calculated per-account fees for customers enrolled in its bank deposit program. Rather than using a formula tied to the Federal Funds Target rate, as stated in the disclosures, APFS first determined customer yields based on factors such as the rates paid by its competitors and retained the remaining interest paid by the participating banks, less other administrative fees, as its fee. Over the entire relevant period, APFS collected more than $3 million in aggregate fees beyond what the disclosed formula would have yielded.  APFS also did not disclose that it retained surplus interest—totaling approximately $1.25 million—when interest rate changes created excess proceeds. Finally, APFS incorrectly credited the retained excess administrative fees and surplus interest as revenue in its net capital calculation, resulting in the firm filing inaccurate monthly reports with FINRA. “While bank deposit programs may offer useful features to customers, it is important for firms to ensure compliance with a range of relevant FINRA and SEC rules,” said Bill St. Louis, Executive Vice President and Head of FINRA Enforcement at FINRA. “Firms must ensure accuracy in customer communications, including how fees are calculated and what interest customers will earn. When firms fail in that obligation—whether through inaccurate formulas, undisclosed interest retention or inadequate supervisory controls—customers can suffer real financial harm, as demonstrated by the substantial restitution required in this case." From April 2018 to May 2023, APFS lacked a system reasonably designed to supervise the bank deposit program. APFS had no supervisory system, including written procedures, to ensure that the customer disclosures accurately communicated all material information about the bank deposit program or that the firm calculated its fees in accordance with disclosures sent to its customers. APFS was acquired by Osaic Holdings, Inc. in November 2022, and was merged into Osaic Wealth, Inc. in October 2024.  The fine imposed in this matter reflects that Osaic provided substantial assistance to FINRA in calculating the appropriate restitution, that APFS disclosed the underpayments to FINRA in October 2022, at which time it began applying the disclosed formula to calculate its fee, and that Osaic began paying restitution to affected customers before the settlement in this matter was finalized. In settling this matter, APFS consented to the entry of FINRA’s findings, without admitting or denying the charges. FINRA makes available disciplinary actions and other information on its Disciplinary Actions Online database. In addition, FINRA publishes on its Monthly Disciplinary Actions page a summary of disciplinary actions against firms and individuals for violations of FINRA rules; federal securities laws, rules and regulations; and the rules of the Municipal Securities Rulemaking Board. FINRA’s use of fine monies is limited to specific purposes set forth in its public Financial Guiding Principles, which are approved by its Board of Governors. FINRA publicly itemizes and discloses how it uses fine monies each year.

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Qatar Stock Exchange Announces An Official Holiday On The Occasion Of End Of Year Closing

Qatar Stock Exchange announces that Thursday 1 January2026 is an official holiday for Qatar Stock Exchange on the occasion of End of year closing. Official working hours will resume on Sunday4January2026, based on the circular of Qatar Central Bank and the instructions issued by the Qatar Financial Markets Authority

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US Federal Agencies Release Annual Asset-Size Thresholds Under Community Reinvestment Act Regulations

The Federal Reserve Board and the Federal Deposit Insurance Corporation today announced the 2026 updated Community Reinvestment Act (CRA) "small bank" and "intermediate small bank" asset-size thresholds. The CRA regulations establish the framework and criteria by which the relevant agencies assess a financial institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations. Financial institutions are evaluated under different CRA examination procedures based upon their asset-size classification. The asset-size thresholds are adjusted annually based on the average change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which is a measure of inflation. As a result of the 2.51 percent increase in the CPI-W for the period ending in November 2025, the CRA asset-size thresholds for small banks and intermediate small banks are: A small bank is an institution that, as of December 31 of either of the prior two calendar years, had assets of less than $1.649 billion. An intermediate small bank is a small institution with assets of at least $412 million as of December 31 of both of the prior two calendar years and less than $1.649 billion as of December 31 of either of the prior two calendar years. These thresholds are in effect from the latter of January 1, 2026 or the date of publication in the Federal Register through December 31, 2026. A list of the current and historical asset-size thresholds is available here. Federal Register notice: Community Reinvestment Act Regulations Asset-Size Thresholds (PDF)

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MNI Indicators: Chicago Business Barometer™ - Rebounded To 43.5 In December

December 2025 Chicago Report™ The Chicago Business Barometer™, produced with MNI, rebounded 7.2 points to 43.5 in December. The index has mostly unwound November’s decline but has remained below 50 for twenty-five consecutive months. The rise was driven by increases in New Orders, Production and Order Backlogs. Declines in Supplier Deliveries and Employment provided a small offset. Order Backlogs climbed 12.3 points, partially reversing November’s drop. However, the index remains below 40 and has only been above that weak mark for three months this year. New Orders jumped 11.8 points, almost completely unwinding last month’s fall. Production strengthened 9.6 points. The index is now back above its 2025 average and at its highest since March. Supplier Deliveries softened 3.6 points, but the index has remained above 50 for eleven months. Employment dipped 0.6 points to the lowest since May 2009. No respondents reported larger employment for the second consecutive month. • Inventories fell 0.5 points, remaining below the 2025 average. Prices Paid faded 1.1 points. No respondents reported lower prices paid for the third consecutive month. The survey ran from December 1 to December 15.

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Boerse Stuttgart Group With Record Year 2025 - Trading Volume Of The Group's Three European Exchanges Increases By 17 Percent - Broker EUWAX AG Once Again Achieves Excellent Results - Market Position As Europe's Exchange Group With Largest Crypto Business Is Strengthened - New Business Area For Tokenized Assets With BX Digital And Pan-European Digital Settlement Platform Seturion

In a very dynamic market environment, Boerse Stuttgart Group achieved a new revenue record in 2025, as it did in the previous year. The Group was very successful in all of its strategic business areas and continued on its path of structural growth. Key figures in the capital markets and digital business of the sixth-largest exchange group in Europe developed very positively. "In our capital markets business, our exchanges in Germany, Sweden and Switzerland were able to increase their trading volume by around 17 percent compared to the previous year. The Swedish NGM and the BX Swiss in Switzerland even set new records for the second year in a row. There were also 19 new listings of growth companies at NGM. Once again, our broker EUWAX AG also achieved excellent results. Our new ETCs EUWAX Gold Core and EUWAX Gold Traceable convinced investors with their excellent tradability and attractive cost structure," says Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group: "Our digital business also performed very well in 2025. The trading volume in cryptocurrencies remained on a high level. The number of retail customers on our platforms rose to 1.2 million." The volume of cryptocurrencies held in fiduciary custody at Boerse Stuttgart Digital peaked at around EUR 5,2 billion in 2025. Boerse Stuttgart Group has made consistent and successful progress on its structural growth path in 2025. Major institutional partnerships were a key factor. “In our capital market business, we were able to expand our zero-fee offerings and welcome additional international partners to our Easy Euwax trading segment and our regulated trading platform TradeREBEL," says Voelkel: "In our digital business, we became DekaBank's infrastructure partner for crypto trading, for its institutional clients and in the crypto offering for the approximately 50 million retail customers of the savings banks, Germany's largest banking group. We also gained further institutional clients for crypto trading and custody in Europe, such as the major Italian bank Intesa Sanpaolo and the Slovenian broker Ilirika. One of the foundations was the MiCAR license that Boerse Stuttgart Digital received as the first crypto service provider in Germany." Boerse Stuttgart Group established tokenized assets as its third strategic business area in 2025. In Switzerland, BX Digital received the first license for a DLT trading facility and started onboarding the first trading participants. "With Seturion, we have introduced a pan-European settlement platform for tokenized assets that overcomes national silos through its open architecture. Seturion is open to all market participants in Europe, and we will build and scale the platform together with them," says Voelkel. In 2025, Boerse Stuttgart Group introduced its new Advisory Council, made up of six high caliber international senior leaders. With their experience, independent perspective and extensive global networks, they will support Boerse Stuttgart Group's ambitious growth strategy and provide impulses on key future trends.

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CoinShares Fund Flows: Persistent Outflows Signal Fragile Sentiment Despite Strong YTD Flows

Key takeaways: Digital asset products saw US$446M in weekly outflows, taking total post–October 10th outflows to US$3.2B and indicating sentiment has yet to fully recover. Outflows were concentrated in the US, while Germany stood out with continued inflows, suggesting selective buying during recent price weakness. XRP and Solana ETFs continue to attract inflows since launch, contrasting with sustained outflows from Bitcoin and Ethereum over the same period. The full research features in CoinShares’ weekly newsletter, which can also be found here.

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Vienna Stock Exchange 2025: High Equity Turnover, ATX At Record Level

The Vienna Stock Exchange recorded a dynamic trading year in 2025, marked by geopolitical tensions, trade conflicts and the prospect of an end to the war in Ukraine. Equity turnover will amount to around EUR 71 billion at the end of the year, making 2025 the third strongest trading year since 2012, after 2021 and 2022. The last trading day of 2025 is today and will end with an early closing auction at 2:15 p.m. The 2025 stock market year had 253 trading days, and next year there will also be 253 trading days in Vienna. The trading calendar is available online. Austrian national index broke through three "thousand" marks in one year The ATX including dividends (total return) is at an all-time high and exceeded the ten-, eleven- and twelve-thousand-point marks for the first time. By the close of trading on 29 December, the ATX Total Return had gained 49.93% since the beginning of the year, reaching an all-time high of 12,799.31 points (ATX price index: 43.27%, 5,247.96 points). Austria's benchmark index is thus among the top performers internationally. During the same period, the German benchmark index DAX – which, like the ATX Total Return, also includes dividends – gained 22.38%, the MSCI World 20.64% and the Euro Stoxx 17.58%. The market capitalisation of domestic companies listed in Vienna amounted to around EUR 177 billion as of 22 December. Entry-level segment with three new issuers, debt listings continue to grow rapidly With Steyr Motors AG, REPLOID Group AG and Gallmetzer HealthCare S.p.A. three companies were added to the SME segment direct market plus. In the debt segment, the Vienna Stock Exchange recorded 31,490 primary listings by 29 December, more than twice as many as in the previous record year of 2024 (13,443). The Vienna Stock Exchange has further increased its global reach this year, including new issuers from Central and East Asia, Türkiye, Australia, Mexico and North Africa. While listings from 191 issuers from 17 countries were added in 2020, there were 682 new issuers from 43 nations in 2025. A total of 1,369 active debt issuers from 50 countries are currently serviced. Around 90 per cent of the debt listings are of international origin. Equity turnover in the international segment global market, which was expanded by around 100 securities in 2025 and currently comprises over 900 securities from 28 countries, also remains at a robust level. The ETF offering has also been massively expanded, more than doubling to 336 securities, which is reflected in record turnover levels. “Austria’s stock market has demonstrated remarkable growth, with Austrian-listed companies performing strongly on the international stage. Wiener Börse remains a key European player, offering a robust and transparent market infrastructure. However, to fully capitalise on this potential, it is crucial that political action aligns with market development. While European countries such as Germany and Poland are actively introducing measures to better leverage capital markets for broader economic benefits, Austria has been notably passive,” says Vienna Stock Exchange CEO Christoph Boschan, referring to pension reforms in various EU countries. Boschan: Incentives for private pension provision are needed Germany, for example, is currently realigning the third pillar of its pension system with subsidised pension savings accounts. Poland will also launch tax-privileged personal investment accounts ("OKI") in 2026, following the model of Sweden's "Investeringssparkonto" (ISK), in which around 40% of the population participate and the total savings amount to around one third of GDP. "The proposed general pension fund contract in the second pillar of retirement provision is a small step in the right direction if implemented properly. However, it must not serve as a mere fig leaf to cover up the lack of more comprehensive measures. A return to the holding period for securities or a tax-privileged investment account, as seen in many other countries already, would be a more decisive move for strengthening private pension provision," Boschan asserts. Vienna Stock Exchange 2025: facts and figures Equity turnover comparison Top performers prime market 2025** Most traded shares 2025*** Strongest trading days 2025 2025:EUR 70.9 billion* FREQUENTIS AG+163.20% Erste Group Bank AGEUR 16.26 billion 24 NovemberEUR 1.21 billion 2024:EUR 64.18 billion AT&S Austria Tech. & Systemtech+159.70% OMV AGEUR 9.47 billion 21 MarchEUR 1.08 billion 2023:EUR 54.48 billion VIENNA INSURANCE GROUP AG+115.82% BAWAG Group AGEUR 6.94 billion 19 SeptemberEUR 1.02 billion *forecast as of 22 December 2025**as of close of trading on 29 December 2025***as of close of trading on 22 December 2025 Info graphics for download

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London Stock Exchange Group plc ("LSEG") Transaction In Own Shares

LSEG announces it has purchased the following number of its ordinary shares of 679/86 pence each from Citigroup Global Markets Limited ("Citi") on the London Stock Exchange as part of its share buyback programme, as announced on 04 November 2025. Date of purchase: 29 December 2025 Aggregate number of ordinary shares purchased: 60,000 Lowest price paid per share: 8,868.00p Highest price paid per share: 8,960.00p Average price paid per share: 8,923.43p   LSEG intends to cancel all of the purchased shares. Following the cancellation of the repurchased shares, LSEG has 510,502,075 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 510,502,075. This figure for the total number of voting rights may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) (as such legislation forms part of retained EU law as defined in the European Union (Withdrawal) Act 2018, as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter), a full breakdown of the individual purchases by Citi on behalf of the Company as part of the buyback programme can be found at: http://www.rns-pdf.londonstockexchange.com/rns/0436N_1-2025-12-29.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:       60,000 (ISIN: GB00B0SWJX34) Date of purchases:      29 December 2025 Investment firm:         Citi Aggregate information: Venue Volume-weighted average price Aggregated volume Lowest price per share Highest price per share London Stock Exchange 8,923.43 60,000 8,868.00 8,960.00 Turquoise        

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Deputy Director Of Enforcement Nekia Hackworth Jones Concludes Her Tenure At The SEC

The Securities and Exchange Commission today announced that Nekia Hackworth Jones, Deputy Director of the Division of Enforcement (Southeast), concluded her tenure with the agency on December 26, 2025. “I am thankful to Nekia for answering the call to return to public service and for her leadership in the Division of Enforcement,” said SEC Division of Enforcement Director Margaret A. Ryan. “She has shown deep commitment to her colleagues, the Division, and the Commission, all motivated by her passion for protecting investors. We deeply appreciate her contributions to the agency’s mission and wish her the best.” Ms. Jones said, “Serving at the SEC for almost five years has been a pleasure and a privilege. As both Atlanta Regional Director and Deputy Director overseeing the Home Office and the Atlanta and Miami regional offices, I have seen colleagues across this agency show a relentless commitment to protecting investors, impeccable judgment in carrying out the agency’s mission, and tremendous expertise in every aspect of the securities industry. This agency and its exceptional staff are a shining example of public service. I owe a debt of gratitude to Chairman Paul Atkins, former Acting Chairman Mark Uyeda, and current and former Directors of the Divisions of Enforcement and Examinations for entrusting me with this remarkable opportunity to help protect investors and the markets.” In April 2025, Ms. Jones was appointed to serve as the Deputy Director of the Division of Enforcement (Southeast). In that role, she supervised the agency’s enforcement investigations and litigations across the Washington, D.C., Atlanta and Miami offices. Prior to that national role, Ms. Jones served as the Regional Director of the Atlanta Regional Office from March 2021 through April 2025. As Regional Director, she supervised more than 100 attorneys, accountants, analysts, securities compliance examiners, and other staff, and she led the regional examinations and enforcement programs covering Alabama, Georgia, North Carolina, South Carolina, and Tennessee. Before joining the SEC, Ms. Jones spent nearly a decade with the Department of Justice including as an Assistant United States Attorney in the U.S. Attorney’s Office for the Northern District of Georgia. She also served as Senior Counsel to the Deputy Attorney General and later as Associate Deputy Attorney General and Executive Director of the Financial Fraud Enforcement Task Force. Ms. Jones clerked for the Honorable Sterling Johnson, Jr., of the U.S. District Court for the Eastern District of New York. Ms. Jones received her bachelor’s degree cum laude in business administration from Emory University, and her juris doctorate and MBA degrees from Harvard University.

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CFTC Swaps Report Update

CFTC's Weekly Swaps Report has been updated, and is now available: http://www.cftc.gov/MarketReports/SwapsReports/index.htm.Additional information on the Weekly Swaps Report. Archive Explanatory Notes Swaps Report Data Dictionary Release Schedule Released: Weekly on Mondays at 3:30 p.m.

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