News Centre

China VC Funding Nosedives 43.6% YoY To $42.2 Billion During Q1-Q3 2022, Finds GlobalData

Date 27/10/2022

A total of 2,865 venture capital (VC) funding deals worth $42.2 billion were announced in China during Q1-Q3 2022, which is a 9.5% decline in volume and 43.6% in value compared to the same period last year, finds GlobalData, a leading data and analytics company.

NZX: Rob Hamilton And Rachel Wash - Independent Directors

Date 27/10/2022

Further to the announcement on 12 October 2022 of the appointment of Rob Hamilton and Rachel Walsh as NZX Directors effective 12 October 2022, NZX Limited (“NZX”) advises, pursuant to Rule 2.6.1 of the NZX Listing Rules (“Rules”), that the board of directors have determined both of Rob Hamilton and Rachel Walsh to be an Independent Director of NZX, as that term is defined in the Rules.

TMX Group Limited Declares Dividend Of $0.83 Per Common Share

Date 26/10/2022

The Board of Directors of TMX Group Limited today declared a dividend of $0.83 on each common share outstanding. This dividend is payable on November 24, 2022 to shareholders of record at the close of business on November 10, 2022.

TMX Group Limited Reports Results For Third Quarter of 2022

Date 26/10/2022

 TMX Group Limited [TSX:X] ("TMX Group") today announced results for the third quarter ended September 30, 2022.

Statement On Proposed Rule Regarding Outsourcing By Investment Advisers, SEC Commissioner Mark T. Uyeda, Oct. 26, 2022

Date 26/10/2022

Thank you, Chair Gensler. Under the Investment Advisers Act of 1940 (“Advisers Act”), an investment adviser owes a fiduciary duty to its clients. The proposing release indicates that, because an adviser cannot waive its fiduciary duty, the “adviser should be overseeing outsourced functions to ensure the adviser’s legal obligations are continuing to be met despite the adviser not performing those functions itself.” Thus, today’s proposal introduces a brand new regulatory regime that prescribes the specific manner in which an investment adviser must oversee its service providers.

Statement On Final Rule Regarding Tailored Shareholder Reports For Mutual Funds And Exchange-Traded Funds; Fee Information In Investment Company Advertisements, SEC Commissioner Mark T. Uyeda, Oct. 26, 2022

Date 26/10/2022

Thank you, Chair Gensler. Today, we are voting on the recommendation to finalize rule and form amendments intended to require mutual funds and exchange-traded funds (“ETFs”) to transmit concise and visually engaging reports to shareholders.

Statement On The Final Rule Related To Listing Standards For Recovery Of Erroneously Awarded Compensation, SEC Commissioner Mark T. Uyeda Oct. 26, 2022

Date 26/10/2022

Today, the Commission is voting on a recommendation to adopt rules implementing Section 954 of the Dodd-Frank Act (“Section 954”) by directing the exchanges to establish listing standards for the recovery of compensation erroneously awarded to management, generally referred to as “clawbacks.” I have several objections to how the Commission is implementing Section 954.

Statement On Listing Standards For Recovery Of Erroneously Awarded Compensation: SEC Commissioner Jaime Lizárraga, Oct. 26, 2022

Date 26/10/2022

Today, the Commission adopts a rule that implements a key Congressional mandate under Section 954 of the Dodd-Frank Act: requiring public companies to recover incentive-based compensation that is erroneously paid to executives if the company restates its financial statements due to material errors.

In Service Of The Investor: Statement On Outsourcing By Investment Advisers, SEC Commissioner Caroline A. Crenshaw, Oct. 26, 2022

Date 26/10/2022

I am happy to support today’s proposed rule, which would establish certain minimum standards to which an adviser must adhere when they outsource core advisory duties to third parties. Outsourcing, a trend which appears to cross a variety of services and functions in the asset management space, can introduce efficiencies in an adviser’s ability to carry out its functions. For example, service providers may give the adviser or its clients access to certain specializations that the adviser otherwise does not have in-house. Outsourcing may also have associated cost savings that can be passed along to investors.

CFTC Chairman Behnam To Participate In A Conversation At The AIMA Global Policy & Regulatory Forum 2022

Date 26/10/2022