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Charlie McCreevy, European Commissioner For Internal Market And Services, National Regulation And The Single Market – A Perspective From Brussels, Public Affairs Ireland Conference, Dublin, 16 July 2007

Date 17/07/2007

Ladies and Gentlemen, It is a great pleasure for me to be here today and I very much welcome the opportunity to talk to you about the regulatory system in Brussels and how this is linked to the key objective of ensuring a competitive economy. I can understand why for some amongst you the natural instinct is to receive Brussels initiatives with a degree of hesitation – or downright scepticism. For that reason, I think it might be helpful if I set things in context.
RTS Offers Connectivity To Chi-X - Access To Pan-European Equity Trading System Further Builds On Multi-Asset Class Capability, Cost-Efficient/High-Performance Model

Date 17/07/2007

RTS Realtime Systems Group (RTS), a leading independent software vendor (ISV), announced today that it now offers full connectivity to Instinet Chi-X(R) Limited, the first order driven, pan-European equity alternative trading system (ATS), which will be known as a Multilateral Trading Facility (MTF) under MiFID. The direct electronic access broadens the RTS reach into the European equities markets and further builds on the growing distribution of Chi-X.
CESR Adopts Common Supervisory Approaches Concerning The Classification Of Hedge Fund Indices As Financial Indices For The Purposes Of The UCITS Directive

Date 17/07/2007

CESR publishes today its final Level 3 guidelines on the classification of hedge fund indices as financial indices (Ref. CESR/07-434, with a feedback statement Ref. CESR/07-433). These guidelines are part of the “CESR’s guidelines concerning eligible assets for investment by UCITS” (CESR/07-044, March 2007). These measures address the issue as to whether hedge fund indices could be prop
CESR Adopts Common Supervisory Approaches Concerning The Classification Of Hedge Fund Indices As Financial Indices For The Purposes Of The UCITS Directive

Date 17/07/2007

CESR publishes today its final Level 3 guidelines on the classification of hedge fund indices as financial indices (Ref. CESR/07-434, with a feedback statement Ref. CESR/07-433). These guidelines are part of the “CESR’s guidelines concerning eligible assets for investment by UCITS” (CESR/07-044, March 2007). These measures address the issue as to whether hedge fund indices could be prop
MENA Financial Group Opens Office At DIFC

Date 17/07/2007

MENA Financial Group announced today that it has been granted a licence by the Dubai Financial Service Authority (DFSA) to operate as an authorised firm in the Dubai International Financial Centre (DIFC). From their offices at the DIFC, the MENA Financial Group will provide a wide range of financial and investment services, including corporate finance, underwriting, stock broking and asset/fund management services to its clients throughout the region.

Egypt Is To Become The First Arab And First African Country To Sign The OECD Investment Declaration

Date 17/07/2007

On 11 July 2007, Egypt became the first Arab and first African country signing the OECD Investment Declaration. This marks a new stage in Egypt's drive to attract more foreign direct investment (FDI). A series of policy reforms have helped to underpin a fifteen-fold increase in Egypt's FDI between 2001 and 2006. FDI reached a record USD 9 billion in the first three quarters of its 2007 fiscal year compared with USD 6.1 billion for the whole of 2006.
Wiener Börse Launches Kazakhstan Index, KTX

Date 17/07/2007

With today’s launch of the Kazakh Traded Index (KTX), Wiener Börse has gone one step further East, and as of now, will calculate the index tracking the most important companies in Kazakhstan. The Kazakh Traded Index includes the most actively traded stocks and Global Depositary Receipts (GDRs) of companies with their principal business activities in Kazakhstan and listed on the London Stock Exchange: Kazkommerzbank, Kazakhmys, KazMunaiGas Exploration Production, Halyk Savings Bank and KazakhG
New York Attorney General Cuomo Announces $23.3 Million Settlement With UBS - UBS To Pay Restitution And Penalty For Steering Customers Into Unsuitable Accounts - Largest Ever Settlement In Fee-Based Brokerage Account History

Date 16/07/2007

Attorney General Andrew M. Cuomo today announced UBS Financial Services, Inc. (UBS) has agreed to pay $23.3 million dollars in the largest ever settlement in the history of fee-based brokerage accounts.
Share Changes For Unibail–Rodamco SA In The S&P European Indices

Date 16/07/2007

Standard & Poor’s will make the following changes in the S&P Europe 350, S&P Euro Plus and S&P Euro indices, effective after the close of trading on Wednesday 18 July 2007, following the first announcement made on 21 June 2007: Unibail–Rodamco SA (France, SEDOL: 7076242, GICS: Financials, GICS Code: 40402010), a member of the S&P Europe 350, S&P Euro Plus and S&P Euro indices, shares will increase to 81,650,000 and the IWF (Investable Weight Factor) will remain 1, after the remaining
Mary Schapiro Announces Name Update: Financial Industry Regulatory Authority (FINRA) Replaces Securities Industry Regulatory Authority

Date 16/07/2007

In an email to firms on July 12, 2007, NASD Chairman and CEO Mary Schapiro announced the decision not to use the name "Securities Industry Regulatory Authority" for the new regulatory organization formed from the consolidation of NASD and the New York Stock Exchange Member Regulation. The organization will instead be known as the Financial Industry Regulatory Authority, or FINRA.