On Sep. 21, AFME called for industry discussion on shortening cycles in Europe Overview New paper discusses if Europe should move to 1-day settlement cycle (known as T+1). Current settlement for most transactions in equities, fixed income markets is (T+2). Post announcements by US, other of intention to move to shorter settlement cycles. The move…
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U.S. – SEC’s IAC Mtg Discusses Shareholding Disclosure Reporting
On 21 September 2022, the SEC's Investment Advisory Committee had a public meeting to discuss shareholding disclosure reporting. Background: Proposed Rule 10B-1 Committee received comments on the proposed changes to 10B-1 Position Reporting of Large Security-Based Swap Positions / Asset-Based Swaps Discussion pertained to the modernizing of the reporting and regulation of the swaps markets.…
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U.K. – CMA NEC Software/Capita Takeover
On 16 September 2022 UK CMA provisionally found competition concerns. UK CMA provisionally found competition concerns as part of its in-depth investigation of the completed takeover by NEC Software Solutions UK Limited of SSS Public Safety Limited and Secure Solutions USA LLC (previously part of Capita plc). Follows UK CMA January 2022 probed NEC software…
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Taiwan – Published Consultation Paper RE: Foreign Investments
On 16 September 2022, TAI FSC published consultation paper with proposed amendments. Consultation will be open for 60 days. Background: TAI FSC proposed to amend regulations governing foreign investments by insurance companies, to increase the scope of recognition by foreign credit rating agencies.
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Rulefinder Alerts to Temporary Short Selling Bans
On 16 September 2022, Rulefinder issued an alert for temporary short selling bans in 2 countries. Short Selling Bans effective 19 September 2022.
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Nepal – CB Update on Foreign Direct Investment
On 13 September 2022, NPL CB updated on foreign direct investment 2020/21. NPL CB issued 6th foreign direct investment (FDI) in Nepal survey report for 2020/21. Follows NPL CB September 2021 reported on FDI in Nepal during 2019/20. Methodology Study primarily based on survey data collected from companies that have taken FDI approvals from NPL…
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