Mondaq.Com - feed of articles on Finance and Banking

Australia: Continuous Disclosure to the ASX – What to Say and When? - K&L Gates

Sat, 18 May 2013 20:47:37 GMT

Continuous disclosure is again attracting attention with recent amendments to the Listing Rules and a new Guidance Note.

Australia: PPSA model clauses for a general security agreement (GSA) - Norton Rose Australia

Sat, 18 May 2013 00:00:00 GMT

These PPSA model clauses by 5 law firms set out suggested clauses and definitions for certain core provisions of a GSA.

Belgium: Proposal For EU-Wide Criminal Sanctions For Market Abuse - Linklaters

Fri, 17 May 2013 16:24:54 GMT

The directive on criminal sanctions is currently expected to apply to all Member States, with the exception of the UK and Denmark.

Turkey: Should We Stop Commentaries Now? - Eryürekli Law Office

Fri, 17 May 2013 13:57:42 GMT

The new Capital Markets Law was published in the Official Gazette and came in effect in the end of 2012.

Ireland: AIFMD: Irish Regulator Now Accepting Applications - Mason Hayes & Curran

Fri, 17 May 2013 13:38:30 GMT

On 15 May 2013, the regulator of the funds industry in Ireland, the Central Bank of Ireland, announced that it is now accepting applications under the Alternative Investment Fund Managers Directive.

United States: Noncompliance With Continuing Disclosure Undertakings Creates Vacuum Where Other Public Statements By City Officials Held To 10b-5 Standard - Andrews Kurth LLP

Fri, 17 May 2013 12:32:01 GMT

The Securities and Exchange Commission has recently instituted cease-and-desist proceedings against the City of Harrisburg, Pennsylvania, under the antifraud provisions of the Securities Exchange Act of 1934.

United States: CFTC Mandatory Clearing Rules – June 10 Phase-in Date For Financial Entities - Mayer Brown

Fri, 17 May 2013 12:30:53 GMT

The next milestone date in the Commodity Futures Trading Commission’s ("CFTC’s") phase-in of mandatory clearing occurs on June 10, 2013, when so-called "Category 2 entities" must begin clearing swaps subject to the mandate.

United Kingdom: Financial Regulatory Developments (FReD) - 26 April, 2013 - Dentons

Fri, 17 May 2013 11:33:21 GMT

A summary of the most recent financial regulatory developments.

United Kingdom: Financial Regulatory Developments (FReD) - April 19, 2013 - Dentons

Fri, 17 May 2013 11:30:01 GMT

A summary of the most recent financial regulatory developments.

United States: Legislature And Court Clarify Illinois Mortgage Law - Katten Muchin Rosenman LLP

Fri, 17 May 2013 11:25:37 GMT

A discussion on the legislative and judicial clarification of mortgage law in Illinois.

Australia: Second set of draft prudential practice guides released for superannuation - Corrs Chambers Westgarth

Fri, 17 May 2013 10:31:58 GMT

APRA has released for consultation a second set of draft prudential practice guides (PPGs) for superannuation funds.

Luxembourg: Law Of April 6, 2013 On Dematerialised Securities - Chevalier & Sciales

Fri, 17 May 2013 09:53:44 GMT

The law of April 6, 2013 on dematerialised securities was published in Luxembourg’s official gazette, the Mémorial, on April 15, coming into force the following day.

Australia: Federal Budget 2013-14: Property and Funds Management - Moore Stephens

Fri, 17 May 2013 07:00:53 GMT

property industry. There are limited new developments for the property and funds management industries in this budget.

Australia: Superannuation & Funds Management - What's News - 14 May 2013 - Holding Redlich

Fri, 17 May 2013 06:49:36 GMT

The newsletter includes links to media releases, submissions and cases in relation to superannuation & funds management.

Australia: Securitisation and derivatives markets reform in Australia - Norton Rose Australia

Thu, 16 May 2013 18:45:21 GMT

The Government has released measures to introduce derivatives reporting and clearing arrangements for the OTC market.

Australia: Superannuation changes announced in the Budget - Norton Rose Australia

Thu, 16 May 2013 18:27:11 GMT

The Government confirmed each of its pre-Budget announcements with one exception, which was announced before the Budget.

United States: FIRREA Civil Money Penalties: The Government's Newfound Weapon Against Financial Fraud - Jones Day

Thu, 16 May 2013 15:08:59 GMT

Section 951 of FIRREA, codified at 12 U.S.C. § 1833a, authorizes the DOJ to bring a complaint seeking civil money penalties against persons who violate one or more of 14 enumerated criminal statutes that involve or affect financial institutions and government agencies.

Ireland: Listing Of Specialised Debt On The ISE - Dillon Eustace

Thu, 16 May 2013 14:15:17 GMT

The Irish Stock Exchange is a leading global exchange for the listing of a range of debt securities.

Luxembourg: EU Commission Proposal For An EU Financial Transaction - Bonn Steichen & Partners

Thu, 16 May 2013 12:58:49 GMT

On February 14tth 2013 the EU Commission adopted a proposal for a directive implementing enhanced cooperation in the area of financial transaction tax.

Canada: The New "Buildings" Chapter Of The Safety Code: Quebec New Requirements Regarding Building Maintenance - McMillan LLP

Thu, 16 May 2013 12:08:11 GMT

On March 18, 2013, the "Regulation to improve building safety" came into force in Quebec.

Canada: Getting Your Priorities Straight: BC Supreme Court Decision Interprets Section 28 Of The Property Law Act Strictly - McMillan LLP

Thu, 16 May 2013 11:47:24 GMT

When a lender takes a mortgage on a property where a prior mortgage is already registered on title, one of the central concerns of the lender should be whether the prior mortgage secures a running account or is otherwise readvanceable.

United Kingdom: Financial Regulatory Developments (FReD) - April 12, 2013 - Dentons

Thu, 16 May 2013 10:31:53 GMT

FSB launches peer review on overreliance on CRAs: FSB is undertaking a thematic peer review into the application of the October 2010 FSB Principles for reducing mechanistic reliance on credit rating agencies’ ratings.

United Kingdom: Financial Regulatory Developments (FReD) - May 3, 2013 - Dentons

Thu, 16 May 2013 10:31:48 GMT

A group of EU derivatives regulators has published a report to G20 on the progress made on derivatives reform.

United States: Final Report Of SEC Forum On Small Capital Formation - Morrison & Foerster LLP

Thu, 16 May 2013 00:00:00 GMT

The SEC recently posted on its website the Final Report from the 2012 SEC Government-Business Forum on Small Capital Formation, which was held in the fall of 2012.

United States: SEC Proposes Rules for Cross-Border Security-Based Swap Activities (Goodwin Procter's Financial Services Alert - May 14, 2013) - Goodwin Procter LLP

Wed, 15 May 2013 12:15:25 GMT

The SEC unanimously voted to propose rules and interpretive guidance for parties to cross-border security-based swap transactions.