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Committee Of European Securities Regulators Favours Self-Regulation Of Credit Rating Agencies Established Around An Internationally Agreed Code For The Time Being

Date 30/03/2005

CESR published today its advice (ref. CESR/05-139b) for the European Commission on possible measures concerning credit rating agencies. This paper discusses the issue of how to deal with credit rating agencies in a regulatory context within Europe. In particular, the report identifies whether market failures might arise, and, as a result, whether there is a need for the introduction of some sort of recognition and/or regulation of rating agencies as these are generally not regulated in Europe to
CESR Sets Out How A Single Point Of Information On All EU Corporate Issuers Might Be Realized

Date 30/03/2005

The progress report (report, Ref. CESR/05-150b), published today by CESR, presents a clear and concise view of what the role of an officially appointed mechanism for storage of corporate information could be; sets out the options of how such an electronic network of information about issuers could be established in the EU and how issuers might be able to file electronically regulated information with the EU competent authorities.
CBOT Hosts 13th Annual SO2 Emission Allowance Auction On Behalf Of EPA - Allowances Sold For Use In 2005 And For 2012 Each Total 125,000

Date 30/03/2005

The Chicago Board of Trade (CBOT) hosted on Monday, March 28 the Thirteenth Annual Sulfur Dioxide (SO2) Emission Allowance Auction, held on behalf of the Environmental Protection Agency (EPA). The auction offered allowances that could be used in 2005 and 2012.
A Specialized Clearing Organization Is To Be Set Up Within The MICEX Group

Date 30/03/2005

On 24 March, the MICEX Exchange Council decided to set up an individual clearing organization – the Clearing House - within the MICEX Group. Following the recommendations of the Bank of Russia, the Clearing House will be set up as a closed-type joint-stock company. The Clearing House will be a credit institution, performing clearing activities. According to the MICEX CEO Alexander Potemkin, the development of clearing business within the MICEX Group will help to improve the risk management syste
"Wider Implications" Issues: UK's Financial Services Authority And Ombudsman To Implement Improved Procedures

Date 30/03/2005

The Financial Services Authority and the Financial Ombudsman Service today published updated procedures for handling complaints to the ombudsman service which may have wider regulatory implications for firms and consumers.

Stock Exchange of Thailand’s Demand & Supply Side Development Progressing On Track And Above Target

Date 29/03/2005

Executive Vice President of The Stock Exchange of Thailand (SET) Ms. Sopawadee Lertmanaschai announced that its work plans concerned with demand and supply side development has been progressing as planned, with the total number of active accounts rising higher than targeted.
Standard & Poor’s Announces Changes In The S&P/TSX Venture Composite Index

Date 29/03/2005

Standard & Poor’s will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Tuesday, March 29, 2005: Muskox Minerals Corp. (TSXVN:MSK) will change its name to Prize Mining Corporation. The shares will trade under the new ticker symbol “PRZ” and the new CUSIP number 74270U 10 1. The shares will also be consolidated on a 1-for-5 basis. The company is classified as an “Exploration/Development” company.
Shanghai Zhenhua Port Machinery Co., Ltd. Shares and IWF increase in the S&P/CITIC 300 Index

Date 29/03/2005

Standard & Poor’s and CITIC Securities will make the following changes in the S&P/CITIC 300 Index effective after the close of trading Wednesday, March 30, 2005: Shanghai Zhenhua Port Machinery Co., Ltd. (China, SEDOL: 6313854, GICS: Industrials, GICS Code: 20106010), a member of the S&P/CITIC 300 Index, free-float A shares will increase by 66,701,081 to 290,280,000. This change is due to the lifting of trading restrictions on shares that were previously deemed to be strategic hol
SEC’s Office Of The Chief Accountant And Division Of Corporation Finance Release Staff Accounting Bulletin 107

Date 29/03/2005

The U.S. Securities and Exchange Commission’s Office of the Chief Accountant and its Division of Corporation Finance announced today the release of a Staff Accounting Bulletin relating to the Financial Accounting Standards Board’s (FASB) accounting standard for stock options and other share-based payments. The interpretations in Staff Accounting Bulletin No. 107, “Share-Based Payment,” (SAB 107) express views of the SEC staff regarding the application of Statement of Financial Accounting Standar
OneChicago To List 24 New Single Stock Futures

Date 29/03/2005

The CME Clearing Codes web page for OneChicago products has been updated to show the additional 24 single stock futures that will launch on April 1, 2005. The new Single Stock Futures are the following: Abbott Laboratories, American Electric Power Co. Inc., Anheuser-Busch Inc., Carnival Corp., Cendant Corp., Consolidated Edison, Inc., Dominion Resources Inc., Duke Energy Corp., Entergy Corp., Exelon Corp., Fannie Mae, FirstEnergy Corp., The Gillette Company, Kinder Morgan, Inc., Marathon Oil Cor