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  • Securities And Exchange Commission Of Pakistan Expressed Contentment Over The State Of Preparedness For Divestment Of Shares Of Lahore Stock Exchange

    Date 23/08/2014

    The apex regulator of capital market of Pakistan has shown complete satisfaction over the concrete efforts being made by the Demutualization Committee of LSE to attract the foreign Strategic Investors as well as local and foreign Financial Institutions for the sale of shares of Lahore Stock Exchange Ltd. as per requirement of the Stock Exchanges (Corporatization, Demutualization and Integration) Act, 2012. This message was relayed when a very high level delegation of the Securities and Exchange Commission of Pakistan, comprising of Mr. Tahir Mahmood, Chairman, Mr. Zafar Abdullah, Commissioner (SM), Mr. Imran Iqbal Panjwani, Executive Director and Mr. Imran Inayat Butt, Director, held separate meetings with the Demutualization Committee and the Board of Directors of LSE at Lahore.

  • CFTC Staff Issues Extension Of No-Action Relief To Southwest Power Pool

    Date 22/08/2014

    The U.S. Commodity Futures Trading Commission’s (CFTC or Commission) Divisions of Clearing and Risk, Market Oversight, and Swap Dealer and Intermediary Oversight (Divisions) today issued a no-action letter to Southwest Power Pool that extends, for a limited period of time, the relief previously granted by the Divisions.

  • California-Based Telecommunications Equipment Firm And Two Former Executives Charged In Revenue Recognition Scheme

    Date 22/08/2014

    The Securities and Exchange Commission today announced charges against a Newport Beach, Calif.-based telecommunications equipment company and two former executives accused of improperly recognizing as revenue more than a million dollars’ worth of inventory that was shipped to a Florida warehouse but not actually sold.

  • FSB Regional Consultative Groups (RCGs) Publish Four Reports

    Date 22/08/2014

    FSB Regional Consultative Group for Asia publishes two reports: on shadow banking and on theSIFI framework.

  • TMX Group CEO Plans To Exercise Options And Sell Common Shares

    Date 22/08/2014

    TMX Group Limited announced today that Tom Kloet, Chief Executive Officer, intends to exercise stock options and sell common shares for tax-planning purposes, subject to market conditions. As reported in TMX Group's management information circular dated April 11, 2014, Mr. Kloet has a share ownership requirement of three times his base salary, which he will continue to exceed following any sales. Under the terms of his employment agreement, Mr. Kloet must disclose his intention to purchase or sell TMX Group common shares, including exercising of options, at least two business days prior to a transaction.

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