The Canadian Securities Administrators announced that its plan to update the rule requiring executives to certify their filings will take effect later this year.Among other things, the changes would not require executives of venture issuers to certify their internal controls. The CSA issued a notice today to update market participants on the status of this […]
The UK’s Financial Services Authority has decided to demand greater disclosure about positions held through so-called contracts for difference (CFDs).The FSA announced today that after receiving feedback on its consultation paper about CFDs, published last November, it has decided a general disclosure regime for long CFD positions will be implemented as the most effective way […]
10 initiatives to enhance transparency
The U.S. Securities and Exchange Commission is seeking to define certain equity-linked financial products as securities in order to protect investors.The SEC has published for public comment a proposed new rule that aims to protect investors from fraudulent and abusive practices in the sale of equity indexed annuities. The commission voted unanimously to issue a […]
The U.S. Securities and Exchange Commission announced that it has proposed revised oil and gas company reporting requirements that are designed to help provide investors with a more accurate and useful picture of the reserves that a company holds.The SEC’s proposed rule changes include: permitting the use of new technologies to determine proved reserves; enabling […]
The U.S. Securities and Exchange Commission announced an initiative to design the disclosure system of the future.The SEC pledged to examine fundamental questions about the way the SEC acquires information from public companies, mutual funds, brokers, and other regulated entities, and the way it makes that information available to investors and the markets. The aim […]
Amendments will come into force Sept. 8
Rights issue process provides greater scope for what might amount to market abuse, UK regulator says
The new federal disclosure regime governing principal-protected notes was published today in the Canada Gazette.The new regime, which takes effect July 1, updates a disclosure regime that had become outdated as the PPNs became more complex and diverse. “The complexity of such products can make it difficult for retail investors to fully understand the risks, […]
New regulations take effect July 1