Financial Regulatory Forum

Global disclosure 2011 review: trends and new mandates in public filings

By Guest Contributor
December 22, 2011

By John Mackie

NEW YORK, Dec. 22 (Business Law Currents) – The global push for increased transparency by public issuers continued in 2011, with developments on a number of fronts. U.S disclosure trends included Dodd-Frank related mandates and event-driven disclosures. Canada continued to refine its disclosure regime, seeing voices weigh in from the Canadian Securities Administrators and the Supreme Court. Regulators in the UK, meanwhile, pressed issuers to emphasize clarity over quantity in their disclosures. Business Law Currents takes a closer look at the global disclosure picture in 2011, highlighting this year’s trends, developments, concerns and challenges.

ANALYSIS-Mining rights issue tarnishes S.Africa’s image

By Reuters Staff
August 24, 2010

By Agnieszka Flak and Julie Crust

JOHANNESBURG/LONDON, Aug 24 (Reuters) – South Africa’s handling of two disputed mine right awards has damaged the resource-rich country’s reputation and raised investor concerns over transparency and governance.

Swiss tax info came from banks, informers -France

By Reuters Staff
August 31, 2009

PARIS, Aug 31 (Reuters) – France obtained the names of 3,000 suspected tax evaders with Swiss bank accounts from banks and unpaid informers, Budget Minister Eric Woerth said on Monday.

U.S. accounting board eyes more disclosure on illiquid assets

By Reuters Staff
August 31, 2009

Financial Accounting Standards Board Chairman Robert Herz makes remarks at the Reuters Regulation Summit, in Washington, February 7, 2008.     REUTERS/Mike Theiler (UNITED STATES) WASHINGTON, Aug. 31 (Reuters) – U.S. accounting rulemakers have proposed requiring new disclosures on how companies value illiquid assets, a move designed to make it easier for investors to assess businesses’ financial health.
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ANALYSIS-CFTC’s expanded trader reports to add transparency

By Reuters Staff
August 19, 2009

Traders work in the crude oil futures trading pit at the New York Mercantile Exchange, February 12, 2009.   By Tom Doggett and Ayesha Rascoe
WASHINGTON, Aug 19, (Reuters) – The plan by U.S. commodity regulators to provide more information on the traders doing business on futures exchanges will shine more light into the opaque markets, but will still give the often-criticized speculative investor a measure of cover. (more…)

ANALYSIS-Enforcement key to curbing naked short selling

By Reuters Staff
July 30, 2009

By Leah Schnurr
NEW YORK, July 29 (Reuters) – Efforts by U.S. securities regulators to clamp down on an abusive type of short selling could help prevent manipulation in the market, but the rules amount to nothing without better enforcement.

LME, ICE say no plans to detail non-commercial positions

By Reuters Staff
July 29, 2009

By Pratima Desai
LONDON, July 29 (Reuters) – The London Metal Exchange and Intercontinental Exchange said on Wednesday they had no plans to publish details on speculative positions on their contracts, despite controversy about some recent holdings at LME.