com/ccc/basicSearch.do? &operation=go&searchType=0 &lastSearch=simple&all=on&titleOrStdNo=1053-6736 EXCHANGE CONSOLIDATION AND MODELS OF INTERNATIONAL SECURITIES REGULATION Bo HARVEY* INTRODUCTION In recent years, globalization and a growing demand for capital have increased competition within the capital markets for the business of issuers and investors.! This has led stock and derivatives exchanges to change their business models from mutual business entities, run for the benefit of their members
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Part 1: The Australian Accounting Environment Chapter 1 An overview of the Australian external reporting environment Review questions 1.1 Refer to pages 6 to 25 of the text. The main bodies responsible for regulating accounting disclosure in Australia are: (i) Australian Securities and Investments Commission (ASIC) Briefly, ASIC is responsible for administering corporations legislation within Australia (which includes various reporting requirements). According to its
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quoted on the stock exchange. They invest on behalf of others, for example, investing the funds employees pay into their pensions. Institutional investors are by far the largest group of investors into a company shares and therefore have huge influence on companies. Critics suggest that it is pressure from these investors seeking to maximise their funds and profits that forces businesses to focus on short-term profits (short-termism) rather than on longer term performance. Stock Exchange Listings:
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in 2015, with 372 IPO trades involving 60.3 billion US dollars. Hong Kong market set the new record of IPO number with 121 IPO trades involving 261.4 billion HK dollars. Figure 1.1: EY Global IPO Trends 2015 3Q - Ernst & Young “The strong stock market rally in
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ASX Information Paper Broker Trades Message Specification 29 January 2010 Table of Contents EXECUTIVE SUMMARY .................................................................................3 INTRODUCTION .............................................................................................4 THE GLOBAL FINANCIAL CRISIS ................................................................5 Credit and Debt Markets...................................................................
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Sources of Funding, Funding Raising & Disclosure Promoters and Pre-registration contracts • Who is a promoter? o Whaley Bridge Calico Printing v Green – court has recognised the term promoter as not a term of law but rather one of business. o Emma Silver Mining v Lewis & Son – see Twycross case – used in connection with companies involves the idea of exertion for the purpose of getting up and starting a company and also the idea of some duty towards the company. o Jubilee Cotton Mills v Lewis
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CHAPTER 4 Securities Markets REVIEW QUESTIONS 4-1. The third market involves OTC transactions in securities listed on the organized exchanges. The fourth market involves direct transactions among large institutions, bypassing intermediaries such as brokers and dealers. Level of Difficulty: Medium Topic: The Third and Fourth Markets 4-2. The primary factors accounting for the rapid changes in securities markets are: • Pressure by institutional
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c3c3 Student: ___________________________________________________________________________ 1. A purchase of a new issue of stock takes place A. in the secondary market. B. in the primary market. C. usually with the assistance of an investment banker or dealer. D. a and c. E. b and c. 2. The trading of stock that was previously issued takes place A. in the secondary market. B. in the primary market. C. usually with the assistance of an investment banker. D. a and c. E. b and c.
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The Nairobi Stock Exchange marked the first day of automated trading in government bonds through the Automated Trading System (ATS) in November 2009. The automated trading in government bonds marked a significant step in the efforts by the NSE and CBK towards creating depth in the capital markets by providing the necessary liquidity. In December 2009, NSE marked a milestone by uploading all government bonds on the ATS. Also in 2009, NSE launched the Complaints Handling Unit (CHU) SMS System to
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