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NGX Encourages CWG Plc To Strive For Sustainability In Financial Performance

Date 03/05/2023

Computer Warehouse Group (CWG) Pic on Wednesday, May 3, 2023 presented its financial performance, strategic, and operational developments to the investment community at the Facts-Behind-the-Figures event hosted by the Nigerian Exchange Limited (NGX).
Statement On Amendments to Form PF, SEC Commissioner Caroline A. Crenshaw, May 3, 2023

Date 03/05/2023

It has been over a year since the Commission first proposed the amendments to Form PF that we seek to adopt today. And, what a difference a year makes. Since the filing of the proposal, we have seen a major geopolitical crisis unfold as Russia invaded Ukraine; the U.S. Federal Reserve raised interest rates by nearly 5 percent; and, we have witnessed the unraveling of three regional U.S. banks and one international financial institution, compelling government intervention to stem turbulence, losses, and to promote market confidence.
The Changing Nature Of Form PF: Statement On Amendments To Form PF, SEC Commissioner Hester M. Peirce, May 3, 2023

Date 03/05/2023

Thank you, Chair Gensler. This expansion of Form PF data collection is the latest reflection of the Commission’s unquestioning faith in the Benevolent Power of More, a faith that I do not share. We have not explained sufficiently why we need the information we are mandating and why we need it so quickly. The additional information may tempt regulators to intervene in markets in ways that would undermine long-term market resilience and exceed jurisdictional bounds. Accordingly, I cannot support the rule.
Statement On Share Repurchases Adoption, SEC Commissioner Caroline A. Crenshaw, May 3, 2023

Date 03/05/2023

Good morning and thank you Chair Gensler and my fellow commissioners. And, most importantly, congratulations to the staff for completing this important rule. Your expertise, acuity, and hard work cannot be over-emphasized or over-recognized. You are true public servants who grapple with challenging questions every day, who provide well-reasoned analyses or responses, and are informed by decades of expertise and experience.
ISDA: Transition To RFRs Review: First Quarter Of 2023

Date 03/05/2023

The Transition to Risk-free Rates (RFRs) Review analyzes the trading volumes of over-the-counter (OTC) and exchange-traded interest rate derivatives (IRD) that reference selected RFRs, including the Secured Overnight Financing Rate (SOFR), the Sterling Overnight Index Average (SONIA) and the Euro Short-Term Rate (€STR).

No Repurchase Left Behind: Dissenting Statement On Share Repurchase Modernization Rule, SEC Commissioner Hester M. Peirce, May 3, 2023

Date 03/05/2023

Thank you, Chair Gensler. As you have heard, the final rule scraps the proposed requirement to disclose share repurchases within one business day. Despite this commendable and much needed change, I cannot support a rule that mandates immaterial disclosures without sensible exemptions. Accordingly, I dissent.
NGX Group Unaudited Results - Q1 End March 2023

Date 03/05/2023

Nigerian Exchange Group Plc (“NGX Group” or “The Group”) announced its unaudited results for the period ended 31 March 2023.
Statement On Final Amendments To Form PF To Require Event Reporting For Large Hedge Fund Advisers And Private Equity Fund Advisers And To Amend Reporting Requirements For Large Private Equity Fund Advisers, SEC Commissioner Mark T. Uyeda, May 3, 2023

Date 03/05/2023

Thank you, Chair Gensler. Today, we are voting on the recommendation to finalize the first of two outstanding proposals to amend Form PF. When Form PF was first adopted in 2011, then-Commissioner Paredes stated that “[t]he final rule fulfills Dodd-Frank’s statutory directive to the Commission to collect information on behalf of [the Financial Stability Oversight Council (“FSOC”)], and does so in a way that reduces the compliance burden on advisers in important respects as compared to the rule the Commission initially proposed.” Today’s amendments are the first step to reversing those initial, fruitful efforts at effective regulation. The amendments significantly expand the scope of the Form’s reporting requirements and increase the frequency of filings for large hedge fund advisers and private equity fund advisers. Yet the Commission fails to identify any particular need for the additional information or provide a clear picture of how the information might further the Commission’s investor protection mission.
Enhancing Financial Stability and Fulfilling Our Investor Protection Mandate, SEC Commissioner Jaime Lizárraga, May 3, 2023

Date 03/05/2023

Today, the Commission is updating a rule adopted after the 2008 financial crisis that strengthens our ability to assess risks in the private fund industry. In response to the catastrophic damage this crisis inflicted on our country, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act, a landmark law designed to promote financial stability by improving accountability and transparency.
SEC Adopts Amendments To Enhance Private Fund Reporting

Date 03/05/2023

The Securities and Exchange Commission today adopted amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds. The amendments are designed to enhance the ability of the Financial Stability Oversight Council (FSOC) to assess systemic risk and to bolster the Commission’s oversight of private fund advisers and its investor protection efforts.