Regulation Archive

Feb 14, 2019
Hundreds of stocks at risk from Brexit and Mifid II trading rule
Up to 230 stocks listed in the UK and EU are at risk from Brexit because of a Mifid II trading rule, according to a leading trading expert.  Christian Voigt, senior regulatory adviser at software trading company Fidessa and former vice president at Deutsche Börse, has published an analysis that finds 230 liquid stocks with a roughly 50/50 split of turnover across the UK and remaining EU memb...
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Feb 01, 2019
Mifid II results in lower commission rates
Mifid II, introduced one year ago, has brought trading costs under closer scrutiny, with many asset managers negotiating lower commission rates, Greenwich Associates says in a new report. Combined average commission rates fell to 8.4 basis points (bps) in 2018 from 9.7 in 2017 in developed markets, and to 12.7 bps from 16.7 bps in emerging markets, while they rose to 40.1 bps from 34.0 bps in frontier markets, the report adds. ‘Understandably, the largest d...
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Jan 23, 2019
Worries for IPOs during US government shutdown
The longest US government shutdown in history is starting to worry the IPO market because of the negative ramifications the closure could have on the markets and the process for companies wanting to float. Until the shutdown 160 companies filed to go public with the SEC, according to research company Argus. This includes big names like the ride-hailing companies Uber – with its targeted $120 bn listing – and Lyft, which hoped to float in March or April with a $1...
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Jan 16, 2019
Singapore set to launch radical grant system for companies wanting to list
The Monetary Authority of Singapore (MAS) is launching a set of grants worth S$75 mn ($55 mn) to help companies float on Singapore Exchange (SGX) and enhance the quality and availability of equity research. The Grant for Equity Market Singapore (Gems) scheme will launch on February 14 and run for three years. ‘Singapore has been working to enhance our private and public markets so that domestic and international growth enterprises are able to access differe...
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Jan 08, 2019
SEC seeks input on quarterly reporting
Companies may get a better idea this year of potential changes to how and when they report earnings, after the SEC called for feedback on the existing regulatory framework. The agency last month published a request for comment on the ‘nature, content and timing’ of earnings releases and quarterly reports made by reporting companies. The SEC wants input on how it can ‘reduce burdens on reporting ...
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Jan 03, 2019
The bill for the buffet: Mifid II in the US
A year on from the implementation of Mifid II in Europe, IROs in the US are seeing how the regulation is changing the EU’s investment management landscape – and are watching for ripple effects. That’s because two areas IROs typically manage – research coverage and corporate access – are starting to be impacted.   It’s important for IROs in the US to understand how their interactio...
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Dec 19, 2018
UK company discrimination complaints increase by more than 300 percent
Complaints made to the UK financial regulator the Financial Conduct Authority (FCA) involving sexual misconduct and discrimination have increased by more than 300 percent in 2018. Complaints to the regulator concerning issues like discrimination and sexual harassment in financial services grew from 20 reports in 2017 to 64 in 2018, executive director of strategy and competition at the FCA Christopher Woolard highlighted in a speech today. The disclosure follo...
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Dec 18, 2018
30 IR stars in 30 days: Karl Mahler of Roche
IR Magazine has a long history of honoring those men, women and companies around the world that excel at investor relations. In celebration of 30 years of IR Magazine, we selected 30 IR stars that have shone particularly brightly over the past three decades and will be posting one profile each day for 30 days, giving you the gift of an IR advent calendar.  ...
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Dec 12, 2018
Mifid II going global, says research
Mifid II rules on the funding of investment research are changing behavior on a global scale, according to new research. It’s a development that has huge implications for fund houses, banks, brokers and investors globally – and a trend anticipated by IR Magazine more than a year ago. The research – by Liquidnet, a global institutional investment network ...
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