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Monday, November 03, 2008
The Committee of European Securities Regulators (CESR) has published advice to the European Commission (EC) on supervisory issues which would arise in the event that a UCITS was managed by a management company situated in another Member State (the management company passport). The Commission's requ.....
Friday, October 31, 2008
The Financial Service Authority's (FSA) 30 day review of the short-selling measures has been completed. One change was made which has now been implemented. From 31 October 2008 once disclosure of a short position has been made, additional disclosures will only be required when that short position c.....
Friday, October 31, 2008
CEIOPS (Committee of European Insurance and Occupational Pensions Supervisors) has published its Report on Outsourcing by the Institutions for Occupational Retirement Provisions (IORPs). The IORP Directive permits Member States to allow IORPs located in their territories to outsource some of their .....
Friday, October 31, 2008
Following on from its work on the role of tax intermediaries, the OECD now invites interested parties to comment on its project on high net worth individuals. The discussion paper considers such concepts as co-operative compliance and the creation of a framework to encourage high net worth individu.....
Friday, October 31, 2008
HRMC have issued this brief in response to requests for guidance on whether certain transactions involving the supply of new dwellings are considered to be abusive. The brief is for house builders who have built or are building new dwellings with the intention, when they are completed, of selling e.....
Friday, October 31, 2008
The Department of Finance has published the Tenth Report on the Freedom of Information Act, covering the year 2007. The report reviews FOI developments in 2007 and gives detailed statistics about usage of the Act during that year. In 2007, the Appeal Commissioners received two FOI requests and the .....
Friday, October 31, 2008
ICAI has received an indication that the Appeal Commissioners are in the process of making arrangements to publish their relevant determinations. This is in response to a letter to the Appeal Commissioners sent by ICAI, under the umbrella body CCAB-I. We will keep you informed of any further develo.....
Friday, October 31, 2008
Weaknesses in the governance, accounting and auditing of UK companies arising from the current financial difficulties have so far raised questions mainly about the use of standards rather than the standards themselves, according to Paul Boyle, Chief Executive of the Financial Reporting Council, the.....
Friday, October 31, 2008
The Financial Reporting Council has issued the following statement below in relation to the development of accounting standards. "There has been extensive discussion of the role of accounting standards in the current financial crisis. There are a wide range of sincerely held views about the me.....
Friday, October 31, 2008
The Financial Regulator (FR) has notified the investment funds industry of clarification to its guidance on the use of Value at Risk ("VaR"). This relates to VaR as applied using the advanced risk measurement approach to market risk for UCITS detailed in paragraph 1.4 of Guidance Note 3/0.....