Regulation Monthly archive

Mar 25, 2020
SEC enforcers warn directors about insider trading amid Covid-19
The SEC’s top enforcers have warned directors and executives against taking advantage of developments arising from the Covid-19 pandemic to engage in insider trading. Stephanie Avakian and Steven Peikin, co-directors of the SEC’s division of enforcement, in a statement on Monday emphasized the need to follow corporate controls and procedures during this period. ‘[I]n these dynamic circumstances, corporate insiders are regularly learning new material non...
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Mar 20, 2020
Guest article: Covid-19 becomes Black Swan of 2020
Countries, companies, individuals and institutions are personally impacted by the virus, with lives at risk. Understandably, IR practitioners have been inundated with requests from the investing community and the media regarding the impact on their company, how management is preparing for this Black Swan event, and some basic granular issues related to the employees, customers, suppliers and business contingency and continuity. Singapore leaders have indicated th...
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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...
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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...
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