Regulation Archive

Jun 26, 2020
Short-sellers need more transparency, says former SEC commissioner
Former SEC commissioner Robert Jackson says he is troubled by the ‘increasing evidence of manipulation through short-selling’, and calls on his former colleagues at the SEC to consider a proposal for greater transparency for short-sellers. Speaking earlier this week at Fraud Fest – an event organized by UC Berkeley School of Law – Jackson acknowledged that short-sellers cause animated debate, which can cloud decisions about how they should be treated by regu...
Read more
Jun 19, 2020
The week in investor relations: Sustainable funds, volatility and cash levels
– The Financial Times (paywall) reported that six out of 10 sustainable funds outperformed their conventional fund equivalents over the last 10 years. The study was conducted by Morningstar and used a sample of 745 sustainable funds based in Europe. – The disruption to traditional AGMs caused by Covid-19 could be a starting point for reform of the shareholder meeting, noted th...
Read more
Mar 17, 2020
SEC grants proxy meeting flexibility with new guidance
The SEC will allow companies to postpone their annual meetings, change the location or, in some cases, host a virtual shareholder meeting if an in-person meeting cannot go ahead.  The regulator released new guidance on March 13 that gives greater flexibility to issuers as they grapple with the effects of Covid-19. If a company intends to change the date or location of its meeting, it should include a con...
Read more
Mar 12, 2020
UK regulator to push companies on climate-risk reporting
The UK’s Financial Conduct Authority (FCA) is looking to strengthen regulation on climate-risk reporting for premium-listed companies, with a potential for expansion to all UK issuers.  The FCA proposes requiring premium-listed companies to report on climate risk using the Task Force on Climate-related Disclosures’ (TCFD) guidelines, or to explain why they’re not using the framework, according to a statement issued by the regulator on March 6. It...
Read more
Feb 27, 2020
Singapore Exchange announces whistleblowing policy
Singapore Exchange (SGX) regulator SGX RegCo is taking steps to improve public market transparency with the launch of a new whistleblowing policy and an AI stock surveillance tool.   SGX RegCo – the regulatory body that oversees SGX – plans to strengthen its current whistleblowing regime with a new policy designed to ensure the confidentiality of complainants and protection against retaliation, reports Regulation Asia.   ...
Read more
Feb 20, 2020
Diageo fined $5 mn over alleged disclosure lapses
Alcohol company Diageo has agreed to pay a $5 mn penalty to settle allegations that it failed to make necessary disclosures following efforts by its North American subsidiary to counteract weak market conditions. Diageo, which is listed on both the NYSE and London Stock Exchange, owns brands including Johnnie Walker, Crown Royal, J&B, Buchanan’s and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinn...
Read more
logo-black logo-black