
Friday, 30 August 2013
FSB policy recommendations to strengthen oversight and regulation of shadow banking

UK: Scotland: Law Commission proposes new legislative framework for judicial factors

Thursday, 29 August 2013
New Zealand: Financial Markets Conduct Bill receives third reading

UK: FCA consults on proposed changes to the Listing Rules

Wednesday, 28 August 2013
India: RBI discussion paper on banking structure

Isle of Man: Treasury shares consultation

BCBS update on Basel III implementation
Labels:
banks,
basel,
basel committee,
capital,
crd iv,
credit institution,
liquidity
Tuesday, 27 August 2013
UK: Competition Commission statutory audit services market inquiry - provisional decision on remedies - responses published

Labels:
audit,
audit committee,
auditors,
competition commission
Monday, 26 August 2013
UK: Sir Adrian Cadbury, the Cadbury Archive and a history of the Cadbury Committee

Friday, 23 August 2013
China: CBRC publishes new edition of its corporate governance guidelines for commercial banks

Thursday, 22 August 2013
New Zealand: Law Commission proposes new statute for incorporated societies

Wednesday, 21 August 2013
Singapore: SGX consults on reducing board lot size

UK: BIS research paper - the listing decisions of UK companies

Labels:
aim,
bis,
code,
dbis,
london stock exchange,
premium listing,
uk
Tuesday, 20 August 2013
Canada: CSA review of the proxy voting infrastructure

Ireland: Central Bank reviews corporate governance code for credit institutions and insurance undertakings

Monday, 19 August 2013
UK: Companies House publishes statistical tables for company registration activities in 2012/13

Friday, 16 August 2013
Australia: ASX consults on changes to its corporate governance principles and recommendations

Labels:
australia,
australian securities exchange,
code
UK: England and Wales: liquidators were not data controllers

UK: England and Wales: properties were held on resulting trust

Labels:
legal personality,
resulting trust,
trust,
uk,
veil of incorporation
Thursday, 15 August 2013
UK: FRC consults on strategic report guidance

Australia: ASIC publishes dark liquidity and high frequency trading rules

Wednesday, 14 August 2013
UK: The Companies and Partnerships (Accounts and Audit) Regulations 2013

Hong Kong: A history of company incorporation

USA: PCAOB proposes new auditing standards to enhance the auditor's report

Tuesday, 13 August 2013
India: The structure of the banking industry - views of the RBI Governor and an imminent discussion paper

Cayman Islands: Monetary Authority consults on mutual fund corporate governance guidance

Monday, 12 August 2013
UK: The Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013

UK: FRC responds to Competition Commission's provisional decision regarding remedies for the statutory audit market

Friday, 9 August 2013
UK: Company narrative reporting - implementing the new framework

Spain: CNMV report on governance of IBEX 35 companies

Hong Kong: Unfair prejudice and listed companies
The case concerned a company incorporated in Bermuda with a listing on the Hong Kong Stock Exchange. Its articles stipulated that a special resolution was required to remove a director. This provision was inconsistent with the HKSE Listing Rules which required an ordinary resolution (see para 4(3) of Appendix 3: here, pdf). Several attempts were made to comply with the Listing Rules by amending the company's articles but these were blocked by shareholders holding just over 25% of the company's shares. The shares were later suspended from trading.
The company's largest shareholder - holding a little under 47% of the shares - sought an order under section 168A for the amendment of the company's articles. This was granted last year by Barma J. in the Court of First Instance (see HCMP 702/2010), and upheld by the Court of Appeal several days ago in a decision considering English authorities including O'Neill v Phillips [1999] 1 WLR 1092 and Re Astec (BSR) plc [1998] 2 BCLC 556. Noting that amending the articles would facilitate the resumption of trading in the shares, the court found that the blocking of the amendment breached a fundamental understanding between the shareholders that the company would maintain its listing status. The breach of this understanding was unfairly prejudicial.
Thursday, 8 August 2013
India: Rajya Sabha passes Companies Bill 2012

Canada: OSC consults on new board diversity disclosure obligations

Isle of Man: Government consults on the introduction of one member LLCs

Wednesday, 7 August 2013
Ireland: Companies Bill 2012 - Committee invites submissions

Portugal: CMVM publishes new edition of corporate governance code

Tuesday, 6 August 2013
India: Companies Bill 2012 tabled for approval in the Rajya Sabha

Monday, 5 August 2013
UK: The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013

UK: PRA consults on CRD IV implementation

Friday, 2 August 2013
IAASB proposals to improve the auditor's report

Australia: AICD publishes 'Good Governance Principles and Guidance for Not-for-Profit Organisations'

Singapore: SGX amends listing rules to promote shareholder engagement

Thursday, 1 August 2013
UK: House of Lords Economic Affairs Committee calls for review of UK corporate tax system

Labels:
corporation tax,
multinationals,
oecd,
tax,
uk
UK: FCA consults on Handbook changes in respect of CRD IV

Labels:
crd iv,
fca,
financial conduct authority,
investment firm,
uk
UK: England and Wales: Court of Appeal rejects application of 'sole actor exception' and considers extra-judicial effect of section 213 of the Insolvency Act 1986

UK: Financial Reporting Standard for Smaller Entities published by FRC

Labels:
accounting,
financial reporting,
frc,
frsse,
uk
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