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The FSA can't regulate short selling. Best to increase disclosure of securities lending

In July 2008, the Tokyo Stock Exchange (TSE) will revise its listing rules with regard to the listing system for shares without voting rights (non-voting stock) and will also publish guidelines for such changes. Overall the changes are intended to allow more companies to list non-voting stock and to protect non-voting shareholders of such listed companies.

If credit holders have agreements allowing banks to sell a mortgage or pledge for an unlimited price and now face foreclosure, they should seek a good lawyer's advice. But it is better not to sign such agreements in the first place, argues Armands Rasa of BDO Zelmenis & Liberte

In 2006, the Monetary Authority of Singapore (MAS) and the Ministry of Law launched a joint public consultation on the proposed changes to unsecured credit rules and the proposed application of these rules to moneylenders with appropriate modifications. In 2007, MAS conducted another consultation on the exemption for financial institutions from the maximum credit limit when granting credit to individuals with greater financial means. Pursuant to the feedback received from the public, MAS and the Ministry of Law published the draft legislations for the unsecured credit rules for financial institutions and unsecured lending rules for moneylenders respectively in the Consultation Paper (December 2007) for public comments.

The Baltic economies offer many opportunities. It is up to investors to make the most of them, say Natalja Sidorenko of Luiga Mody Hääl Borenius, Eugenijus Filonovas of Foigt & Partners Regija Borenius, and Lauris Liepa of Liepa, Skopina Borenius

After the recent boom, the Baltic states are experiencing a slowdown. But Sven Papp, Girts Lejins and Irmantas Norkus of Raidla Lejins & Norcous are hopeful about the future

Only offer your exchange-traded fund in France if it harmonised under EU law

In April 2008, the Luxembourg Commission for the Supervision the Finance Sector published its report for 2007. One of the aims is to clarify the legal environment applying to securitisation vehicles (SVs) governed by the law of March 22 2004 on securitisation, being:

US covered bonds will take off, but they need new legislation first