On 27 July 2020, SIN MAS issued good practices for actively managed funds. Sets out good disclosure practices for actively managed funds, re investment objective and extent to which portfolio deviates or can deviate from reference benchmark. Highlights findings from a thematic review on more than 100 equity funds with active management mandates offered by […]
On 21 April 2020, RUS CB issued mutual funds information directive. Bank of Russia has developed new disclosure requirements for asset managers (UK). Required to give investors access to complete information, whether acquiring mutual investment fund (UIF) shares or evaluating performance of a management company. The corresponding draft directive has been published on the Bank […]
On 27 March 2020, IND SEBI extended the due date of filing disclosures, in terms of regulations 30(1), 30(2) and 31(4) for the financial year ending 31 March to 1 June 2020. Background Information On 25 August 2020, IND SEBI amended substantial acquisition rules. Revises SEBI Sep. 2011 circular on reports, disclosures required on making […]
On 6 March 2020, JPN FSA published explanatory material from disclosure workshops. Section corporate governance reform and disclosures covers disclosure improvements in securities reports resulting from ordinance revisions and associated efforts. Challenge from disclosure on cross-shareholdings failing to meet investor expectations. Also ordinance to disclose management strategy and risk-information effective FY3/20. Efforts in response to […]
On 19 February 2020, SEC charged Diageo, failing to make required disclosures. Charged global alcohol producer, Diageo, with disclosure failures of known trends relating to shipments of unneeded products by N.American subsidiary to distributors. Violated antifraud provisions of SEA S 17(a)(2), (3), certain reporting provisions. Alleged Violations Employees at Diageo NA (DNA), its largest and […]
On 24 January 2020, Thai SEC proposed changes to REIT, INViT disclosures. Thai SEC opened consultation on draft improvements to property funds disclosures. Including infrastructure funds and REITs or mutual funds/trusts that invest in leasehold or leasehold income so that investors have the information necessary for decisions. While also updating the disclosure form for fund and trust […]