Search results for

The financial statement requirements for registration statements and annual reports of foreign private issuers are found in Items 3, 8, 17 and 18 of Form 20-F, and in Regulation S-X.

This overview summarizes the key provisions of the US federal securities laws that apply to foreign private issuers (a term that covers most non-US issuers, other than foreign governments) when they offer securities for sale in the US or list their securities for trading or quotation on the US stock markets.[1]

The Federal Council recently proposed a revision of the insider trading provision in the Swiss Penal Code (article 161). It suggests abolishing paragraph three of article 161 of the Swiss Penal Code so that practically all price-sensitive facts are subject to the insider trading provision.

In an effort to address growing multiple debt problems in Japan; namely, social problems arising from increasing numbers of individuals owing money to multiple moneylenders, an amendment to the Money Lending Business Control and Regulation Law was passed by the Diet on December 13 2006 (Money Lending Amendments, Law 115 of 2006). The majority of the provisions will come into effect by December 19 2007. The Money Lending Amendments target not only the Money Lending Business Control and Regulation Law (which will be known as the Money Lending Business Law (MLBL) following the effective date of the Money Lending Amendments) but also the Law Concerning the Regulation of Receiving of Capital Subscription, Deposits and Interest on Deposits (LCRR), the Interest Control Law (ICL), and other laws concerning money lending businesses.

This is an overview of the Indonesian Constitutional Court's Judgment of Case No 024/PUU-I/2003, which looks like concluding that the Money Laundering Act remains constitutional.

The Finnish implementation of the Transparency Directive entered into force on February 15 2007. The implementation was carried out by introducing amendments to the provisions of the Finnish Securities Market Act (the SMA) regulating the regular disclosure obligations of issuers of publicly traded securities and the disclosure of major shareholdings in publicly traded companies, as well as by decrees issued by the Ministry of Finance specifying the same. In addition, the scope of the application of the SMA was amended to implement the home member state principle introduced in the Transparency Directive. It is, furthermore, expected that there will be amendments to the regulations and guidelines (standards) issued by the Finnish Financial Supervision Authority.

The use of employee stock option plans (ESOPs) in the Czech Republic as a kind of employee benefit is comparable to other developed countries. However, ESOPs are not specially regulated under Czech law. The Czech Securities Act and the Capital Markets Act must be applied.

In January 2007, the China Banking Regulatory Commission (CBRC) amended and restated its trust regulations and published the Administrative Measures For Trust Companies and the Administrative Measures For Collective Fund Trust Plan Of Trust Companies. While the new regulations retain the key concepts of the previous regulations, the CBRC believes that the new regulations will create a more favorable environment for trust companies to compete with their asset management peers in the banking, securities and insurance industries.

The Americas awards winners are now live.

A new law has been adopted by parliament in Luxembourg concerning the undertakings for collective investment for institutional investors.