Regulation Archive

Aug 08, 2019
CII backs long-term focus of new exchange’s rules
The Council of Institutional Investors (CII) has welcomed plans by a start-up exchange to require member companies to develop policies based around a set of principles based on focusing corporate governance beyond immediate concerns. The Long-Term Stock Exchange (LTSE) in June proposed a set of what it describes as ‘enhanced listing standards that are designed to allow a new generation of companies...
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Aug 07, 2019
US buy side sees impact of Mifid II, reveals study
Research unbundling under Mifid II has hit institutional equities in the US, with research showing that buy-side firms have significantly reduced their commission pool over the last few years. New York-based research and consulting firm TABB Group, which spoke with 100 asset-management trading heads, reveals that investment managers have reduced their US commission pool by 42 percent since peaks in 2015. The study reveals that the unbundling of research and c...
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Jul 29, 2019
Proportionate regulation needed to address European asset management consolidation
A more proportionate approach to regulation is needed in response to increasing consolidation in the European asset management sector, according to the New City Initiative (NCI), the UK-based boutique asset management think tank. The paper – ‘M&A in asset management: Is it strangling boutiques?’ – explores the drivers behind ongoing M&A activity and questions whether decisive action needs to be taken at a governmental or regulatory level. Ther...
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Jul 24, 2019
Proxy advisers agree to greater independent scrutiny
Big-hitting proxy advisers have agreed to greater independent scrutiny involving a series of updated principles and supervision from an independent committee set up to oversee businesses involved in shareholder voting. KT Rabin, Glass Lewis CEO, tells IR Magazine: ‘As a founding signatory to the Best Practice Principles for Shareholder Voting Research and Analysis Group (BPP), launched in 2014, Glass Lewis is pleased to confirm that the revised BPP was up...
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Jul 18, 2019
Investors in South Korea embrace stewardship code
The number of institutional investors in South Korea taking up the stewardship code recently reached the 100 milestone after the government introduced the guideline to enhance the participatory role of shareholders back in December 2016. According to an announcement by the Korea Corporate Governance Service (KCGS), 100 institutional investors have mandated the code, with an additional 31 planning to adopt it. The National Pension Service (NPS) is the only pen...
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Jul 02, 2019
NIRI 2019: Nasdaq’s plan for capital markets reform
It’s just over two years since Nasdaq launched its Revitalize Blueprint – a 25-point plan for how the capital markets could function more efficiently and effectively – and just two months since Nasdaq unveiled its Total Markets Blueprint for a Better Tomorrow. At the NIRI annual conference in June, IR Magazine caught up with Randall Hopkins, vice president and head of capital markets reform and inno...
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Jun 27, 2019
SFC issues risk warning to Hong Kong-listed companies
The Securities and Futures Commission (SFC) has warned listed companies in Hong Kong to be up to speed on the financial risks they face – or fear the consequences. ‘In this day and age, it is all too easy to lose sight of the basics, get sucked in by the latest trend or put profits before prudence. As a regulator, I cannot overstate ...
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