Monthly Archives: September 2017

U.K. – FCA Investment Regulation

On 28 September, FCA Megan Butler spoke on investment advisor priorities. Butler is FCA executive director supervision - investment, wholesale and specialist. Follows 28 June, FCA issued findings on asset management, remedies. Asset Management Hub FCA has created an asset management authorization hub to support new entrants. Hub will assist start-ups as they move from pre-authorization…
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New Zealand – Guidance on Subtantial Shareholding

On 27 September, NZFiMA issued guidance on substantial shareholdings. Following consultation in June, this guidance updates prior version from 2014. To assist substantial product holders in understanding obligation, consistency. Aims Inform market participants about findings from the review of disclosure notices. Submitted by people with substantial holdings in listed issuers, stated concerns. Remind SPHs of…
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India – SEBI Amends Commodity Derivatives Rules

On 26 September, SEBI amended rules on commodity derivative investment. Foreign Portfolio Investors allowed to invest in exchange-traded commodity derivatives. However, are limited to the derivatives contracts in non-agricultural commodities only. The contracts are cash settled on settlement price determined on overseas exchanges. Additionally, all the transactions must also be denominated in the foreign currency…
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U.K. – FCA Commodity Issue Limit Guide

On 26 September, FCA issued guide on commodity position limit exemption. Covers exemption for non-financial entities from commodity derivatives position limit. The form is used to understand how NFE is using commodity derivative to reduce risks. NFE should only apply for exemption when it trades derivative as part of its business. Cannot apply for the…
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