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  • SEC: Sanofi Charged With FCPA Violations

    Date 04/09/2018

    The Securities and Exchange Commission today announced that Paris-based pharmaceutical company Sanofi has agreed to pay more than $25 million to resolve charges that its Kazakhstan and the Middle East subsidiaries made corrupt payments to win business.

  • Federal Financial Regulatory Agencies Extend Comment Period For Proposed Rule Simplifying And Tailoring The “Volcker Rule”

    Date 04/09/2018

    Five federal financial regulatory agencies on Tuesday extended until Oct. 17, 2018, the comment period for a proposed rule to simplify and tailor compliance requirements for the “Volcker rule.” The Volcker rule generally restricts banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity funds. 

  • EEX: Keeping Energy And Emissions Markets Protected From VAT Fraud

    Date 04/09/2018

    To protect EU energy and emissions markets from VAT fraud, 18 representative associations of the energy sector are calling on EU institutions to confirm the extension of the derogation for a domestic  reverse charge mechanism for electricity, gas and emission allowances of the VAT Directive. Should the derogation not be prolonged by the Council before the end of the year, Member States will no longer be able to use the mechanism to prevent VAT fraud in these markets

  • Bursa Malaysia Securities Publicly Reprimands China Automobile Parts Holdings Limited And 3 Directors And Fines 3 Directors

    Date 04/09/2018

    Bursa Malaysia Securities Berhad (635998-W) (“Bursa Malaysia Securities”) has publicly reprimanded China Automobile Parts Holdings Limited (“CAP” or “the Company”) and its 3 directors for breaches of the Bursa Malaysia Securities Main Market Listing Requirements (“Main LR”).  In addition, the 3 directors of CAP were also imposed total fines of RM1,523,300 as at to-date.

  • DO & CO To Replace PORR In Austrian Leading Index ATX

    Date 04/09/2018

    Today’s review of the index composition results in the following changes according to the index rules: The catering company DO & CO Aktiengesellschaft will replace the construction company PORR AG in the Austrian leading index ATX. DO & CO qualifies for inclusion in the index due to the higher order book turnover and the free float capitalization in the current period. The new index composition of the ATX will take effect as of Monday, 24 September 2018.