THE WORLD FEDERATION OF EXCHANGES HOLDS WORKING COMMITTEE MEETING IN ZÜRICH, SWITZERLAND

12 June 2019

Hamilton, Bermuda – June 12, 2019: The World Federation of Exchanges ("WFE"), the global industry group for exchanges and CCPs, today held the second of its three annual 70-member Working Committee (WoCo) meetings. The meeting was hosted by SIX Swiss Exchange in Zürich, Switzerland., the full filing stated the following;

THE WORLD FEDERATION OF EXCHANGES HOLDS WORKING COMMITTEE MEETING IN ZÜRICH, SWITZERLAND

Zürich, Wednesday 12 June 2019 – The World Federation of Exchanges ("WFE"), the global industry group for exchanges and CCPs, today held the second of its three annual 70-member Working Committee (WoCo) meetings. The meeting was hosted by SIX Swiss Exchange in Zürich, Switzerland.

The WFE WoCo consists of representatives from all 70 WFE members. Its role is to discuss and agree the ongoing work of the WFE and its forward agenda. The WoCo meeting combines public policy work with capacity building sessions and seminars, and also provides a forum where key issues impacting the industry and market structure more broadly are considered. As a result, the WoCo ensures that the WFE and its members continue to remain aware of and responsive to the issues that affect its broader stakeholders.

Topics under discussion at today’s meeting included: market fragmentation; market microstructure; ETF data and regulatory perspectives; market structure for crypto assets; the role of regulatory cooperation in fostering cross-border investment; the WFE’s Securities Market Outlook; and an update on the current regulatory themes in the WFE’s CCP workstream.

Dr Urs Rüegsegger, Chairman, WFE, said: "The first half of 2019 has seen the WFE move very quickly into a proactive advocacy position on a range of business-critical issues, particularly market data pricing and regulatory coherence. This momentum will be maintained in the second half of the year, with the federation continuing to push forward an advocacy agenda that is crucial to the future of our industry. The WFE WoCo and Board looks forward to working with Nandini as she leads her dynamic team into the next phase of the WFE’s operations.”

Nandini Sukumar, Chief Executive Officer, WFE said: "The WoCo meeting in Zürich addressed fundamental issues that will impact exchanges and clearing houses in the immediate and long-term future. We thank our WoCo members for contributing to these discussions, as well as for sharing best practice recommendations and know-how that helps to drive the important output of the WFE. In the second half of 2019, we will continue to work together to grow our collective knowledge, and to deliver impactful results to our members and industry stakeholders.”

- Ends -

About the World Federation of Exchanges (WFE):

Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 200 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 37% are in Asia-Pacific, 43% in EMEA and 20% in the Americas. WFE exchanges are home to nearly 48,000 listed companies, and the market capitalisation of these entities is over $70.2 trillion; around $95 trillion (EOB) in trading annually passes through the infrastructures WFE members safeguard (at end 2018).

The WFE is the definitive source for exchange-traded statistics, and publishes over 350 market data indicators. Its free statistics database stretches back more than 40 years, and provides information and insight into developments on global exchanges. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system.

With extensive experience of developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. We seek outcomes that maximise the common good, consumer confidence and economic growth. And we engage with policy makers and regulators in an open, collaborative way, reflecting the central, public role that exchanges and CCPs play in a globally integrated financial system.

For more information, please contact:

Anna Watson

Head of Communications, The World Federation of Exchanges

Email: awatson@world-exchanges.org

Phone: +44 20 7151 4137 / 7850 287 685

Twitter: @TheWFE

# # #

For more information on the Bermuda Stock Exchange (BSX), contact Nancy Vieira at 1-441-292-7212 or nvieira@bsx.com. Information is also available at www.bsx.com and on Bloomberg at BSX <GO> the BSX was founded in 1971 and is the world’s leading fully electronic offshore securities market. The BSX list equities, mutual funds and bonds, depository receipts and derivative warrant securities. The BSX is a full member of the World Federation of Exchanges (WFE) and an affiliate member of IOSCO. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules.