Regulation Archive

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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Jun 20, 2019
ESMA not to take action against periodic auctions
The EU’s financial regulator, the European Securities and Markets Authority (ESMA), has highlighted that it does not intend to introduce restrictions on trading that has come under criticism for supposedly undermining stock market transparency regulations. ESMA has been assessing the issue of so-called ‘periodic auctions’, which allow fund managers to trade larger blocks of shares while limiting the amount of order information revealed to the market before tra...
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Jun 18, 2019
Fee pilot debates reignite at NIRI and CIRI conferences
‘While many market participants have suggested something should be done to address maker-taker pricing and transaction fees, there is less agreement about what specifically should be done,’ said Brett Redfearn, director of the SEC’s division of trading and markets, at the NIRI national conference earlier this month. Redfearn is the man behind the SEC’s transaction-fee pilot, which has ...
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Jun 17, 2019
Historic Shanghai-London Stock Connect approved
The UK financial regulator the Financial Conduct Authority (FCA) and the China Securities Regulatory Commission (CSRC) have today made a historic joint announcement approving the Shanghai and London bourses’ proposed new Shanghai-London Stock Connect. Stock Connect is an arrangement between the Shanghai Stock Exchange (SSE) and London Stock Exchange (LSE) to boost cross-border investment between the countries and provide investors and companies in the UK and China...
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