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Norway's Findexa will be the first company to issue high-yield dividend shares, known in the US as income depositary securities (IDSs), to Europe later this month.

Three banking associations have published guidance clarifying how firms should comply with new UK rules governing conflicts of interest on securities offerings.

The Basel Committee has agreed a final version of the new accord on capital adequacy, which will give banks more control over how they plan for and mitigate investment risk. But some aspects of the accord, known as Basel II, may have negative effects on the securitization market, according to lawyers familiar with the agreement.

The Securities and Exchange Commission issued new proposals that will make it easier for non-US issuers of asset-backed securities to access the US capital markets. Under the new rules issuers outside America would for the first time be able to issue asset-backed securities via a so-called shelf registration statement.

China's trust law provides a means for using securitization to help reduce the country's number of non-performing loans, say Evan Cohen, Mary Matson and Paul Chu

The UK Takeover Panel has reversed the stance it took in WPP/Tempus in 2001, which reduced the utility of material adverse change clauses. Tunde Ogowewo explains how

In Japan, three statutes primarily regulate matters regarding trusts. The Trust Law sets out the rights and obligations of parties under a trust, the Trust Business Law regulates trust businesses and the Law Concerning Concurrent Trust Businesses of Financial Institutions (Concurrent Trust Business Law) regulates trust businesses operated by financial institutions. The current session of the Diet is considering a complete revision of the Trust Business Law, which will apply to trust companies and, certain provisions of which will also apply to financial institutions operating trust businesses. It is also likely that the Trust Law will be substantially revised soon.

The Securities Exchange Board of India (Sebi) has recently proposed draft Sebi (Delisting of Securities) Regulations, 2004, to repeal the delisting guidelines dated February 17 2003. The main provisions of the proposed Regulations are:

US law firms were among those celebrating the first international initial public offering (IPO) from a Mexican issuer in almost five years last month.

Eliot Spitzer: launched investigation The SEC has taken the latest step towards a regulatory overhaul for the $7.6 trillion US mutual funds industry.