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  • UK's Financial Services Authority Acts On Professional Indemnity Insurance Concerns

    Date 29/10/2002

    The FSA has today announced a modification to its rules for independent financial adviser (IFA) firms. The modification introduces a number of changes to the detailed requirements with which a firm's PII cover has to comply. Brokers and underwriters have indicated these changes are likely to increase capacity in the PII market. AIFA has been consulted and fully supports this initiative.

  • Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

    Date 29/10/2002

    Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index: Effective after the close on Monday, October 28, 2002, E-Tronics inc. (TSXVN: ETX) will change its name to Western Lakota Energy Services Inc. (TSXVN:WLE). The new CUSIP number will be 95852P 10 3. There is no consolidation of capital.

  • Securities and Exchange Commission: Actions By FASB, IASB Praised

    Date 29/10/2002

    The Chairman of the Securities and Exchange Commission today applauded the decisions by the Financial Accounting Standards Board and the International Accounting Standards Board to work together toward greater convergence between U.S. Generally Accepted Accounting Principles and international accounting standards.

  • PubliGroupe SA Reprimanded By SWX Swiss Exchange

    Date 29/10/2002

    The SWX Swiss Exchange has imposed on PubliGroupe SA, Lausanne, a reprimand with related publication for having negligently violated the regulations governing ad hoc publicity set forth in the SWX Listing Rules. The company notified the public of a massive drop in its first-half 2001 earnings only on 4 September 2001, the date originally set for the release of its semi-annual financial figures in spite of the fact that corporate officers disposed of the preliminary numbers and revised earning fo

  • Nymex To Extend Exchange Of Options For Options Transactions In Energy Markets

    Date 29/10/2002

    The New York Mercantile Exchange, Inc., announced today that it will extend its exchange of options for options (EOO) program in its energy markets for the third time.