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UK's Financial Services Authority Seeks Information On 'Spinning' From City Firms

Date 23/10/2002

The Financial Services Authority (FSA) has written to City firms asking whether 'spinning' was an important feature of the UK market during the recent period of high activity in initial public offerings (IPOs). 'Spinning' is the alleged practice of providing shares in popular IPOs to senior executives in the hope of attracting corporate finance business. The FSA is also requesting information on what processes UK regulated firms have in place to prevent 'spinning' and is seeking views on a possi
Tokyo International Financial Futures Exchange: Trading Starts 15 Minutes Earlier On 29 October 2002

Date 23/10/2002

TIFFE announced that trading for all contracts starts at 8:45am(JST) on 29 October 2002, responding to the release of a preliminary report on Indices of Industrial Production at 8:50am.
The Montreal Exchange Plans To Use Radianz Financial Extranet

Date 23/10/2002

Radianz today announced that Bourse de Montréal Inc. (Montréal Exchange) plans to use Radianz's global financial extranet, RadianzNet, to connect brokers in the United States and Canada to the exchange's electronic trading system.
Standard & Poor's Announces Changes In S&P/TSX Composite, S&P/TSX Capped Composite, S&P/TSX Canadian SmallCap And TSX 200 Indices

Date 23/10/2002

Standard & Poor's Canadian Index Operations announces the following index change effective after the close of business on Thursday, October 24, 2002: Co-Steel Inc. (TSX:CEI) will change its name to Gerdau AmeriSteel Corporation in the S&P/TSX Composite, S&P/TSX Capped Composite, S&P/TSX Canadian SmallCap and TSX 200 Indices. The new ticker symbol will be GNA and the new CUSIP number will be 37373P 10 5. There will be no change to the float shares of the company in these indices at this t
Standard & Poor's Announces Changes In S&P/TSX Canadian Income Trust And S&P/TSX Canadian REIT Indices

Date 23/10/2002

Standard & Poor's Canadian Index Operations announces the following index change effective after the close of business on Thursday, October 24, 2002: The relative weight of Retirement Residences Real Estate Income Trust (TSX: RRR.UN) will increase by approximately 0.05% in the S&P/TSX Canadian Income Trust Index and by approximately 0.17% in the S&P/TSX Canadian REIT Index. The relative weight change reflects an adjustment to the float trust units of the income trust due to a sale of unit

NASDAQ Announces New SuperMontage Pricing

Date 23/10/2002

The NASDAQ Stock Market, Inc. (NASDAQ®) today announced a new pricing schedule for SuperMontage, which has been filed with the Securities and Exchange Commission (SEC) for immediate effectiveness. The new pricing is scheduled to be implemented on November 1 for stocks trading on SuperMontage and will become effective in additional stocks as they are phased into SuperMontage. SuperSoes and SelectNet pricing will remain unchanged.
Euronext Technical Integration: Clearing 21® Will Be Implemented In Amsterdam On October 25th

Date 23/10/2002

Clearnet and Euronext confirm that Clearing 21® will be implemented as the new clearing platform for cash markets in Amsterdam as of October 25th.
Copenhagen Stock Exchange Focus 31: The Treatment Of Goodwill In The New Danish Company Account Act From The Investor's Point Of View

Date 23/10/2002

In many companies group goodwill is a significant asset and the value calculation hereof will inevitably come to influence the accounts and the users significantly.
Committee Of European Securities Regulators Consultation On Principles Of Enforcement Of Accounting Standards In Europe

Date 23/10/2002

CESR yesterday released a consultation paper which contains a Statement of Principles (SOP) covering definition and methods of enforcement of accounting standards (Ref. CESR/02-188b). The SOP will be used for developing standards of best practice on enforcement among CESR members. The paper puts forward the way in which the harmonisation of the institutional oversight systems may be achieved in Europe. In particular, it provides a definition of enforcement of finan
CFTC'S Division Of Enforcement Creates Office Of Cooperative Enforcement - Daniel Nathan Heads New Office Whose Mission Is To Strengthen Ties To Other Regulators And Enhance Federal And State Commodities Prosecutions

Date 23/10/2002

The Commodity Futures Trading Commission's (CFTC) Division of Enforcement today announced that it has created an Office of Cooperative Enforcement and named Daniel Nathan as the head of that office. The Division has charged the new Office with the task of reaching out to financial regulators on the federal and state level, to ensure that they are coordinating investigations and prosecutions of commodities violators, and to ensure that the government addresses misconduct whenever appropria