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  • Atom, UK’s First Mobile-Based Bank Announces will.i.am As Strategic Board Advisor

    Date 24/04/2017

    One year on since Atom officially launched the UK’s first bank built exclusively for mobile, they have announced will.i.am as their first Strategic Board Advisor. The entrepreneur, philanthropist, musician and consumer technology investor will take on the role of Strategic Board Advisor.

  • SEC: Portfolio Manager Charged With Diverting Nearly $2 Million To Personal Account

    Date 24/04/2017

    The Securities and Exchange Commission today announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority.

  • Borsa Istanbul: Periodic Review For The BIST-KYD Corporate Eurobond Indices For The Period May 2017 Has Been Finalized

    Date 24/04/2017

    In accordance with the article 3.3. of BIST-KYD Indices Ground Rules, periodic review for the BIST-KYD Corporate Eurobond Indices for the period May 2017 (May 2, 2017–May 31, 2017) has been finalized. There is not any Eurobond to be included in or excluded from the BIST-KYD Corporate Eurobond USD and BIST-KYD Corporate Eurobond USD (TRY) Indices and they will continue to be calculated with the same list of constituents in the period May 2017.

  • Saudi Stock Exchange (Tadawul): An Announcement Of Publishing The Draft Of Updated Mergers And Acquisition Regulations For Public Consultation

    Date 24/04/2017

    Pursuant to the Capital Market Authority's role in developing and regulating the capital market, and to its endeavors to make the capital market more stable, in line with the National Transformation Program and Saudi Arabia’s Vision 2030, and based on the Capital Market Law issued by the Royal Decree Number (M/30) Dated 2/06/1424H, the CMA Board has issued its Resolution on publishing the draft of the updated Mergers and Acquisition Regulations seeking the comments and observations of the public, the concerned and the interested thereon, until  28/8/1438H corresponding to  24/5/2017G.
     It is worth mentioning the draft regulations aims to regulate mergers and acquisitions. This includes regulating mergers through the general assembly, offering proposals, mandatory and permissive offers and disclosure requirements, as well as demonstrating the timetables of these transactions, , Also a Provisions on Reverse Takeover and Demergers.  

  • SIX Swiss Exchange: Index Adjustments In Conjunction With The Takeover Of Actelion Ltd

    Date 24/04/2017

    In conjuction with the takeover of Actelion Ltd and in compliance with the SMI rulebook, extraordinary index basket adjustments will be made on 02 May 2017, after the close of trading, with effect from 03 May 2017. Actelion Ltd (ISIN CH0010532478) will be excluded from the SMI indices of SIX Swiss Exchange. Following further index basket changes with effect from 03 May 2017 will be made.