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Stories that are tagged 'stock exchanges'

Mauritius Joins Key Multilateral Regulatory Agreement
5/21/2012
The Financial Services Commission of Mauritius has become a signatory of the International Organization of Securities Commissions' Multilateral Memorandum of Understanding, which sets out international standards on cooperation and information exchange for the robust regulation of securities and future markets internationally.
Hong Kong Readies Corporate Disclosure Regime
5/7/2012
Hong Kong’s Securities and Futures Commission and Hong Kong Exchanges and Clearing Limited have both welcomed the enactment of the Securities and Futures (Amendment) Ordinance 2012, which, in particular, establishes a statutory disclosure regime for listed companies.
Taiwan's Cabinet Tweaks Final CGT Structure
4/30/2012
Taiwan’s Finance Minister Christina Liu has confirmed the government has agreed the final structure of the new capital gains tax, that it intends to impose on profits made from trading in shares and bonds.
Guernsey Fund Lists On LSE
4/24/2012
A Guernsey closed-ended investment company has been used by Blue Crest Capital Management in its Initial Public Offering of a fund on the London Stock Exchange Main Market, advised upon by Channel Islands law firm Carey Olsen.
Taiwan's CGT Unlikely To Affect Small Retail Investors
4/12/2012
Following a further meeting of the government’s tax reform committee, Taiwan’s Minister of Finance Christina Liu has indicated that the proposal on a new capital gains tax on stock exchange profits is likely to be presented to the Executive Yuan shortly, but would also then need to be passed through the Legislative Yuan.
Ogier Advises On USD1.1bn Debt Conversion
4/11/2012
Ogier's British Virgin Islands office has advised CEMEX - one of the world's leading cement and building materials companies - on its most recent notes transaction valued at USD1.1bn which closed at the end of March.
Taiwan's CGT May Exempt Foreign Investors
4/10/2012
Following a meeting of the government’s tax reform committee, Taiwan’s Ministry of Finance indicated that it was probable that foreign investors would be exempt from any proposal for a new capital gains tax on stock exchange profits.
Proposal For CGT In Taiwan Due Next Month
4/5/2012
At a parliamentary committee meeting, Christina Liu, Taiwan’s Minister of Finance has promised that a draft proposal for a new capital gains tax on stock exchange profits will be submitted to the Executive Yuan within one month.
Schäuble Eyes EU Tax On Shares
4/4/2012
Given the ongoing staunch opposition from certain countries to the idea of a financial transactions tax in Europe, German Finance Minister Wolfgang Schäbule has put forward an alternative proposal, starting with a tax imposed on the stocks and shares of companies listed on the stock exchange.
Bermuda Slashes Fees For Special Purpose Insurers
3/30/2012
The Bermuda Monetary Authority has announced its decision to almost halve registration fees for Bermuda Special Purpose Insurers.
CGT A Top Priority For Taiwan's Tax Panel
4/2/2012
Christina Liu, Taiwan’s Minister of Finance has disclosed that the government’s tax committee has, as one of its top priorities, the proposal for a capital gains tax on stock exchange profits.
Thai Stock Exchange Calls For CGT Relief
3/20/2012
The President of the Stock Exchange of Thailand, Charamporn Jotikasthira, has disclosed that he will request that the Ministry of Finance exempt investments made through the intra-Association of Southeast Nations trading platform from capital gains tax.
European Commission Acts On Securities Settlement
3/8/2012
In an attempt to bring more safety and efficiency to the financial system in Europe, the European Commission has proposed the establishment of a European common regulatory framework for Central Securities Depositories, the institutions responsible for securities settlement.
Carey Olsen Top Offshore Adviser For FTSE100
3/5/2012
Channel Islands law firm Carey Olsen has announced that it was the only offshore law firm to be ranked in the top 10 alongside UK and International law firms for the total number of stock market clients in the Q1 2012 All Market Edition of The Morningstar Professional Services Ranking Guide.
Hong Kong Concludes Short Position Reporting Rules
2/15/2012
Hong Kong’s Securities and Futures Commission has published the conclusions to its consultation on proposed short position reporting rules, which will now be submitted to the Legislative Council for consideration.
First Jersey Firm Lists On NYSE
2/10/2012
Delphi Automotive PLC has become the first Jersey company to have its shares directly listed on the New York Shock Exchange, having been advised on its initial public offering by Channel Islands law firm Carey Olsen.
Taiwan Looks At A Windfall Tax
2/6/2012
Christina Liu, who will be Taiwan’s Minister of Finance in the cabinet reshuffle after the last month’s elections, has disclosed that she intends to appoint a committee to look at the government’s tax reform options, including a possible windfall tax.
EU Blocks Deutsche Börse-NYSE Euronext Merger
2/6/2012
The European Commission has prohibited, on the basis of the European Union Merger Regulation, the proposed merger between Deutsche Börse and NYSE Euronext, as it would have resulted in a quasi-monopoly in the area of European financial derivatives traded globally on exchanges.
China Pushes Shanghai As International Financial Centre
2/2/2012
China’s National Development and Reform Commission and the Shanghai Municipal Government have disclosed that it is intended that Shanghai will be a centre for onshore renminbi trading, clearing and pricing by 2015, before it becomes an international financial centre by 2020.
Pakistan Eases CGT On Shares
1/30/2012
Pakistan’s Federal Finance Minister Dr Abdul Hafeez Shaikh has announced that the government is to ease the rules on capital gains tax in the hope of boosting investment and reviving trading volumes in the local stock market.
Better Capital Funds Employ Unique Guernsey Structure
1/31/2012
Carey Olsen and Heritage International Fund Managers Limited have acted for Better Capital Limited, an existing Guernsey closed-ended fund listed on the London Stock Exchange, on its innovative conversion into a uniquely-structured protected cell company.
Guernsey Remains Leader In Non-UK Listings
1/27/2012
Guernsey remains home to more non-UK entities listed on the London Stock Exchange than any other jurisdiction globally, according to figures from the market authority.
Hong Kong To Relax Listing Rules For Chinese Firms
1/19/2012
At the Asian Financial Forum, held in Hong Kong, the vice-chairman of the China Securities Regulatory Commission, Yao Gang, has indicated that overseas listing rules will be relaxed this year.
Hong Kong, Shanghai Enhance Financial Co-operation
1/9/2012
Following the signing in 2010 of the Memorandum of Understanding Concerning Advancing Hong Kong-Shanghai Financial Co-operation, officials held their second working meeting on January 6, 2012, in Shanghai, to enhance financial co-operation between the two places.
AIM-Listed Firms Prefer IoM
1/5/2012
Research commissioned by the Isle of Man government shows that the Isle of Man continues to dominate the market as a domicile of choice for companies listed on London's Alternative Investment Market.
Malta Strengthens Regulatory Ties With Slovakia
12/23/2011
The Malta Financial Services Authority has signed a cooperation agreement with the National Bank of Slovakia.
Jersey Structure Employed In Polymetal's LSE Listing
12/23/2011
Channel Islands law firm Carey Olsen has advised Polymetal International, the largest silver and fourth-largest gold extraction company in Russia, and one of the top five primary silver extraction companies worldwide, on the Jersey aspects of its listing on the main market of the London Stock Exchange.
Hong Kong Plugs Its Services For Emerging Economies
11/30/2011
Financial Secretary, John C Tsang, speaking at the recently-held 2nd Annual Emerging Markets Conference, said that Hong Kong, so as to achieve a more diversified business portfolio, will continue to strengthen trade and investment co-operation with emerging economies.
Guernsey Seeks Listings On Shenzhen Exchange
11/30/2011
A delegation from Guernsey has visited Shenzhen, China, to engage with policymakers on the prospect of Guernsey companies listing on the local stock exchange.
Canada Approves Use Of BSX Securities In Retirement Savings Plans
11/17/2011
The Bermuda Stock Exchange has announced that the Minister of Finance for Canada has approved the addition of the exchange to the list of designated exchanges under Canada's Income Tax Act.
SEC Approves New Listing Rules For Reverse Mergers
11/14/2011
The United States Securities and Exchange Commission has approved new rules that strengthen the standards that companies being listed through a reverse merger must meet to become listed on US exchanges.
FTSE Consults On Minimum Free Float Requirements
11/8/2011
The FTSE Group has announced that it is undertaking a market consultation on the minimum free float requirements for United Kingdom incorporated companies in the FTSE UK Index Series.
South Africa Explains Investment Promotion Reforms
11/1/2011
Further information has now been given on the several investment and prudential reforms announced by the Minister of Finance, Pravin Gordhan, during his Medium Term Budget Policy Statement on October 25, 2011, which are aimed at promoting investment into South Africa by encouraging the development of its capital markets.
EU Proposes Revision Of MiFID
10/25/2011
In response to changes in financial markets since it was introduced in November 2007, the European Commission has tabled proposals to revise the Markets in Financial Instruments Directive, which aims to make those markets more efficient, resilient and transparent, and to strengthen the protection of investors.
UK To Scrap REIT Levy
10/21/2011
Following an informal consultation on proposed changes to the UK's Real Estate Investment Trust regime, the government has agreed that the a levy payable by companies which convert into REITS should be scrapped.
FSB Urges More Progress On OTC Market Reform
10/19/2011
Few jurisdictions have the required legislation or regulations in place to provide the framework for implementing over-the-counter derivatives market reform, the Financial Stability Board has said.
SFC Reports On HKeX's Regulation Of Listings
10/19/2011
Hong Kong’s Securities and Futures Commission has published its annual report on the performance of The Stock Exchange of Hong Kong in its regulation of listing matters during 2010.
Hong Kong To Boost Its Regulatory Regime
10/14/2011
In his 2011-12 Policy Address, Chief Executive Donald Tsang disclosed that, by enhancing its regulatory regime, the government hopes to attract more companies to Hong Kong from Europe, the United States and emerging markets and, thereby, broaden listings on the Hong Kong Stock Exchange.
Semeta Outlines Common Rules For European FTT
10/4/2011
The European Commission has outlined common rules for the introduction of the proposed financial transactions tax.
LSE Forging Ahead With Takeover Plans
10/3/2011
The London Stock Exchange looks set to move ahead with its second planned takeover of the year, with the board of LCH.Clearnet having given the green light for talks. A third offer is also reportedly in the works, with the LSE eyeing up the London Metals Exchange.
Dubai Streamlines Securities Listing Process
9/15/2011
The Dubai Financial Services Authority and NASDAQ Dubai have announced that with effect from October 1, 2011 the responsibility for maintaining the Official List of Securities will be transferred from NASDAQ Dubai to the DFSA.
HKEx Launches New Investor Information Measures
9/8/2011
Hong Kong Exchanges and Clearing has announced new measures on accessing listed company information and the trading arrangements, in the unlikely event that its systems for the dissemination of such information do not function properly.
Switzerland Strengthens Stock Market Safeguards
9/7/2011
The Swiss government has approved a proposal amending the Stock Exchange Act, particularly to tackle stock market offences and market abuse.
ICAP Boss Condemns 'Silly' Transactions Tax Plan
8/25/2011
The City of London would face destruction were a financial transaction tax adopted, with companies simply moving elsewhere to avoid the 'silly tax', the head of the world's largest interdealer broker has said.
Hong Kong Welcomes Chinese Support Measures
8/22/2011
Hong Kong’s government has welcomed the package of measures disclosed during his recent visit by the Vice-Premier of China’s State Council, Li Keqiang, to support economic and financial development in Hong Kong.
New Broker Dealer Approved In Bahrain
8/16/2011
The Bahrain Financial Exchange has announced that XO Bahrain has been approved by the Central Bank of Bahrain as a licensed broker dealer of the Exchange.
Four EU Countries Ban Short-Selling Of Bank Shares
8/15/2011
Given the volatility of European bank shares recently, the European Securities and Markets Authority has announced harmonized action against short selling by the national financial authorities of Belgium, France, Italy and Spain, with effect from August 12, 2011.
TMX Shows Positive Results Despite LSEG Costs
8/9/2011
TMX Group, the Toronto Stock Exchange operator, has seen a rise in revenue for the first six months of 2011, which comes in spite of the costs incurred by the failure of its merger deal with the LSEG.
Maple Pushes Forward With TMX Merger Plans
8/5/2011
Maple Group, the consortium attempting to take over the Toronto Stock Exchange operator TMX, has extended its offer by an additional month-and-a-half as talks on the deal continue.
Guernsey Firm Pioneers Aircraft Leasing Venture
8/3/2011
Another new Guernsey company has for the first time been listed on the London Stock Exchange offering investment in A380 aircraft operated by Emirates.
Conyers Advises Bermuda Company's AIM Listing
7/25/2011
Conyers Dill and Pearman has advised Jellybook Limited on its admission to trading on the AIM market on the London Stock Exchange. Jellybook is only the third Bermuda company to be admitted to AIM since 2007.
Maple Continues Regulatory Process In TMX Bid
7/21/2011
Maple Group, the consortium bidding to take over the Toronto Stock Exchange operator TMX Group, has issued an update on the progress made in the regulatory process it must undergo in order to win control of the company.
HKEx Consults On Clearing House Risk Management
7/14/2011
Hong Kong Exchanges and Clearing has published a consultation paper seeking views on reforming the risk management framework of the clearing houses operating in Hong Kong.
Cayman Islands Economy To Grow In 2011
7/12/2011
In spite of a fall in GDP last year, the Cayman Islands economy is expected to return to growth this year, according to Premier and Finance Minister McKeeva Bush.
Philippines REIT Tax Regulations Approved
7/12/2011
It is expected that the much-delayed publication by the Bureau of Internal Revenue of the proposed tax incentives for real estate investment trusts in the Philippines will be published shortly.
Jersey Company Used For Major London Listing
7/11/2011
Mourant Ozannes has advised Vallares plc, a Jersey company, on its flotation on the Main Market of the London Stock Exchange, which raised GBP1.35bn (USD2.15bn) – the second largest such flotation this year, just seven days after making an announcement that it intended to launch an initial public offering.
Hong Kong Strengthens Research Analyst Rules
7/6/2011
Hong Kong’s Securities and Futures Commission has published the consultation conclusions on proposals to expand the scope of conflicts-of-interest requirements governing research analysts.
Kolar Gold Chooses Guernsey Base
7/5/2011
Channel Islands legal services provider, Carey Olsen has advised Kolar Gold on the Guernsey aspects of its listing on the AIM Market of the London Stock Exchange.
Canadian Business Backs TMX-LSE Merger
6/29/2011
The proposed merger of the Toronto and London Stock exchange operators has been backed by a key group of Canadian business representatives in an open letter which also slams the rival deal offered by the Maple consortium.
TMX Rejects Latest Maple Proposal
6/27/2011
TMX Group, the Canadian stock exchange operator, has rejected the latest takeover bid from the Maple consortium, and instead continues to push for the completion of its proposed merger with the London Stock Exchange Group.
UK Raises MTF Competition Concerns
6/23/2011
The future of the BATS-Chi-X merger deal has been thrown into doubt after the UK's Office of Fair Trading referred the acquisition to the Competition Commission for further investigation.
Carey Olsen Advises On 'Pioneering' Offshore Restructuring
6/22/2011
Carey Olsen has been involved in a pioneering deal to move an international industrial services business from London's Alternative Investment Market to the London Stock Exchange main market.
SEC Proposes Stronger Broker-Dealer Rules
6/21/2011
Building on rules adopted in December 2009 to strengthen the protection provided to investors who turn their assets over to investment advisers, the United States Securities and Exchange Commission has now proposed amendments to the broker-dealer financial reporting rules.
Hong Kong Studies Listing Of Business Trusts
6/14/2011
In answer to a question in the Legislative Council, Hong Kong’s Secretary for Financial Services and the Treasury, Professor K C Chan, disclosed that the Securities and Futures Commission and Hong Kong’s Stock Exchange are looking into the potential listing of active business trusts.
Egypt Scraps Capital Gains Tax Proposals
6/13/2011
The Egyptian government has announced that it will completely abandon plans for a new capital gains tax days after Finance Minister Samir Radwan retreated on the issue of imposing a 10% tax on stock exchange transactions.
Egypt Backtracks On Capital Gains Tax
6/9/2011
Egyptian Finance Minister Samir Radwan has buckled under pressure from traders and u-turned on aspects of his government's proposed 10% capital gains tax on stock market profits, mergers and acquisitions, and asset revaluations, announced recently in the 2011/12 budget.
Shorten Defends Australia's Tax, Merger Polices
6/2/2011
Australian Assistant Treasurer Bill Shorten has said that the failure in April of the merger between the Australian and Singapore Stock Exchanges and tax rulings on private equity deals would not stop Australia becoming a financial services hub.
Maple To Make Formal TMX Offer
6/2/2011
In spite of a firm initial rejection from the TMX Group, the Canadian business consortium Maple has announced that it plans to go ahead with a formal offer of acquisition for the Toronto Stock Exchange operator.
Guernsey Funds Industry Continues Expansion
5/30/2011
Statistics published on May 26 show that the value of investment fund business in Guernsey grew by GBP6.2bn (2.4%) during the first quarter of 2011.
SFC Hong Kong Consults On Short Position Reporting
5/30/2011
Hong Kong’s Securities and Futures Commission has launched a consultation inviting the public to comment on the draft legislation that will give effect to the proposed short position reporting regime.
CISX Lists 4,000th Security
5/26/2011
The Channel Islands Stock Exchange Market Authority has announced the admission of the 4,000th security to its Official List.
TMX Rejects Maple Takeover Bid
5/25/2011
A merger deal between the operators of the London and Toronto Stock Exchanges looks set to go ahead, with the TMX Group rejecting a rival acquisition proposal from the Canadian business consortium Maple.
Philippines To Announce REIT Tax Exemptions
5/19/2011
It is expected that the much-delayed approval by the Bureau of Internal Revenue of the proposed tax incentives for real estate investment trusts in the Philippines will be available shortly.
Australia Approves New Financial Markets Competitor
5/9/2011
The Australian Government has granted a licence to Chi-X Australia Pty Ltd as an alternative securities exchange to boost competition in Australia's financial markets, as part of a broad agenda to build the country’s reputation as a financial services hub within Asia.
Switzerland To Relax Proprietary Traders Rule
5/6/2011
The Swiss State Secretariat for International Financial Matters has proposed that from July 1, 2011, unsupervised foreign proprietary traders be permitted to be members of a Swiss exchange, to make Swiss rules consistent with those of the European Union.
Hong Kong Recommends Checks When Trading In RMB Securities
5/2/2011
Hong Kong’s Securities and Futures Commission has reminded investors to find out from their intermediaries details regarding settlement methods, fees and charges and other processes for their transactions when trading renminbi securities in the secondary market.
Ontario Committee Reports On TMX Merger
4/21/2011
A specially convened select committee of the Ontario legislature, appointed to investigate the proposed merger of the TMX and LSE stock exchange groups, has published its report. Nine recommendations cover five key issues raised during the hearings, and, in particular, request that any such deal fulfil the promise of being a "merger of equals".
Jersey Firm In London's Largest Ever Listing
4/21/2011
Ogier is acting as Jersey counsel to the Joint Global Co-ordinators on Glencore International's dual London and Hong Kong listing which is expected to raise between USD9-11bn, making it the world's largest IPO this year and London's largest ever listing.
Hong Kong, Russia Look For Increased Cooperation
4/20/2011
During the visit of the Russian President Dmitry Medvedev to Hong Kong, the latter’s Chief Executive Donald Tsang said that there is 'enormous potential for stronger links between the two economies.
Ontario Businessmen In Favour Of TMX-LSE Merger
4/7/2011
Ahead of the release by an Ontario committee of its report into the impact of the proposed TMX-LSE merger, a survey of 111 Ontarian business executives has shown that a majority of those interviewed support the transaction, and see it as having either a positive effect or no impact at all on their businesses.
TMX Boss Defends Merger
3/8/2011
A select committee of the Ontario provincial legislature has begun its review of the proposed merger of the Toronto and London stock exchanges, with the CEOs of both operating groups giving evidence on the first day of public hearings.
Listing Growth Continues At CISX
3/7/2011
357 new securities were admitted to the Official List of the Channel Islands' Stock Exchange during 2010, the exchange has announced.
Hong Kong Consults On Expanding Specified Stock Exchange List
2/23/2011
Hong Kong’s Securities and Futures Commission has begun a two-month public consultation on proposals to expand the lists of 'specified' local and overseas stock and futures exchanges.
Takeover Process Clarified By Bahamas
2/21/2011
The Bahamas Securities Commission has issued a press release seeking to clarify "the process involved in connection with offer bids for a substantial acquisition of shares and takeovers for public companies".
BATS Global Markets Considering Brazil Move
2/21/2011
The global stock exchange operator BATS has announced its intention 'to explore opportunities in the Brazilian market,' signing a Memorandum of Understanding with the Sao Paulo-based independent asset manager Claritas to this effect.
Canada To Review TSX And LSE Merger
2/17/2011
Canada's Industry Minister has announced an impending 'thorough' review of the proposed TMX-LSE merger. Tony Clement told MPs on Monday February 14 that 'it is important to have an in-depth review because it is a very complex transaction.'
Mauritius Stock Exchange Recognized By UK Taxman
2/8/2011
The Stock Exchange of Mauritius has been designated as a recognised stock exchange for the purposes of HM Revenue and Customs's tax treatment.
Philippines Stock Exchange Rejects Tax Increase
1/25/2011
Hans B. Sicat, president and chief executive officer of the Philippine Stock Exchange, has written to the Philippines Securities and Exchange Commission rejecting any claim by the Bureau of Internal Revenue to impose an increased capital gains tax on listed companies.
Philippines To Restrict Tax Incentives For Listed Companies
1/19/2011
The Philippines Bureau of Internal Revenue is insisting that, to maintain their tax incentives, listed companies will need to prove their compliance with a minimum 10% public holding of their share capital.
Peruvian Tax Change Means Exchange Merger Go-Ahead
1/6/2011
The Peruvian parliament has approved a reduction in capital gains tax, which will allow a proposed merger of the Peruvian, Colombian and Chilean stock exchanges to be completed.
Thailand Readies Tax Breaks For MAI Listings
12/7/2010
Thailand’s Finance Minister, Korn Chatikavanij, has indicated that the government would be prepared to renew tax incentives for small and medium-sized enterprises looking to list on the country’s Market for Alternative Investment.
PSE-Listed Firms May Lose Tax Breaks
12/2/2010
The Philippines Department of Finance is to insist that, to maintain their tax incentives, listed companies will need to prove their compliance with the minimum 20% public holding of their share capital.
China Clarifies Share Sale Tax
12/2/2010
Clarification by China’s Ministry of Finance about the taxes payable on profits from transfers or sales of shares which were formerly non-tradable was said to have caused a sell-off on the country’s stock market on November 30.
HK, China Cooperate On Sovereign Bond Issues
11/24/2010
China’s Ministry of Finance and the Hong Kong Monetary Authority have signed a memorandum of co-operation on using the Central Moneymarkets Unit for the issuance of renminbi sovereign bonds.
Switzerland Adopts Revised Regulation Fees
11/18/2010
The Swiss Federal Council has adopted the revised Fees and Charges Ordinance of the Confederation’s Financial Market Supervisory Authority, designed to better distribute supervisory charges among the big banks, stock exchanges and similar institutions in Switzerland.
Chan Plugs HK's Financial Centre Credentials In London
11/18/2010
At the opening of the London conference, 'Hong Kong: China's Global Financial Centre,' Hong Kong’s Secretary for Financial Services and the Treasury, Professor K C Chan, said that Hong Kong has a unique role in helping UK-based financial services businesses grow in China and the rest of Asia.
Report Says ETFs A Major Cause of Market Instability
11/12/2010
In the opinion of a report written by Harold Bradley and Robert Litan of the Kauffman Foundation, exchange traded funds pose a serious threat to the growth of new companies and stock market stability in the future.
SEC Toughens Stub Quote Rules
11/11/2010
The United States Securities and Exchange Commission has approved new rules to strengthen the minimum quoting standards for market makers, and effectively prohibit 'stub quotes' in the US equity markets.
Dow Jones Indexes Licensed To BFX
11/11/2010
Dow Jones Indexes has announced that the Bahrain Financial Exchange, the first multi-asset exchange in the Middle East and North Africa region, has signed a licensing agreement to issue financial products based on five regional Dow Jones index products.
SMX And TAIFEX Sign MOU
Singapore Mercantile Exchange, the commodity and currency derivatives exchange, and the Taiwan Futures Exchange, Taiwan’s futures and options exchange, have signed a memorandum of understanding.

 

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