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Japan’s Financial Services Agency Issued The "Reference Cases" And The "Q&A" Regarding The "Independent Agent Exemption" Of Fund Managers

Date 27/06/2008

The FY2008 Tax Reform introduced a provision that would exempt "independent agents" from those agents treated as permanent establishments (agent-PE) under domestic law (presumably related to Article 290 of the Cabinet Order for implementing the Income Tax Act and Article 186 of the Cabinet Order for implementing the Corporation Tax Act).
SGX Appoints Senior Vice President And Head Of Corporate Communications

Date 27/06/2008

SGX is pleased to appoint Ms Amy Balan as Senior Vice President (SVP) and Head of Corporate Communications with effect from 10 July 2008. Ms Balan will replace Ms Kelly Long, SGX’s current Vice President and Head of Corporate Communications, who has decided to leave the Exchange to pursue other interests.
Japan’s Financial Services Agency: Progress Of Better Market Initiative (Plan For Strengthening The Competitiveness Of Japan's Financial And Capital Markets)

Date 27/06/2008

The Financial Services Agency (FSA) is vigorously implementing the "Better Market Initiative" (Plan for Strengthening the Competitiveness of Japan's Financial and Capital Markets, December 21, 2007), with a view to constructing attractive and high-quality financial and capital markets to which capital, information and human resources flow in from within and outside Japan.
MCX Weekly Market Report - June 27, 2008

Date 27/06/2008

Click here to download the MCX weekly market report for June 27, 2008.
Agreement Between SWX Swiss Exchange And Villars Holding SA

Date 27/06/2008

The SWX Swiss Exchange has reached an agreement with Villars Holding SA in connection with a violation of the provisions of IFRS accounting standards in its 2007 consolidated financial statements. The deficiency identified by SWX relates to the lack of an actuarial assessment of the effects the company’s post-employment benefit plans have on its assets and liabilities, financial position, and profits and losses. As a part of the agreement, the company in future will use Swiss GAAP FER as its

Australian Securities Exchange: Findings From Review Of Trading By Directors

Date 27/06/2008

The Australian Securities Exchange (ASX) has today released a review of disclosure of Directors’ Interest Notices lodged by listed entities, including for securities trading by directors during the ‘blackout’ period.
DIFC Centre Of Excellence Partners With SOAS, University Of London, To offer MSc Degree In Finance And Financial Law

Date 27/06/2008

The DIFC Centre of Excellence today announced it will work with the University of London's Centre for Financial and Management Studies (CeFiMS) at the School of Oriental and African Studies (SOAS) to offer its MSc degree in Finance and Financial Law in the region.
SEC Moves To Protect Seniors From Fraudulent And Abusive Practices In Sale Of Equity Indexed Annuities

Date 26/06/2008

The Securities and Exchange Commission has published for public comment a proposed new rule that would protect seniors and other investors from fraudulent and abusive practices in the sale of equity indexed annuities. Equity indexed annuities are often sold to seniors, for whom they may be unsuitable investments due to substantial early surrender charges that lock up older investors’ money for many years.
FINRA Warns Investors About Compromising Important Assets In Uncertain Economic Times

Date 26/06/2008

Mary Schapiro, CEO of the Financial Industry Regulatory Authority (FINRA), expressed deep concern today that some investors may be trying to cope with rocky economic conditions by putting their most valuable assets at risk in an effort to raise cash quickly.
SEC Proposes Rule Changes to Modernize Oil and Gas Reporting Requirements

Date 26/06/2008

The Securities and Exchange Commission today announced that it has proposed revised oil and gas company reporting requirements to help provide investors with a more accurate and useful picture of the oil and gas reserves that a company holds.