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Results: 1-10 of 78

Proposed financial regulation bill would allow investors to sue "aiders and abettors"
  • Locke Lord LLP
  • USA
  • November 19 2009

Section 984 of the "Discussion Draft" of the new financial regulation legislation sponsored by Senate Banking Committee Chairman Christoper Dodd (D-Conn) proposes to amend the Private Securities Litigation Reform Act of 1995 ("PSLRA") to allow investors a private right of action to sue "any person that knowingly or recklessly provides substantial assistance to another person in violation of the Securities Exchange Act of 1934."


FSA prosecutes for change of control offence
  • Locke Lord LLP
  • United Kingdom
  • February 19 2010

Semperian PPP Investment Partners (Semperian) has pleaded guilty to an offence under section 191(3) of the Financial Services and Markets Act 2000


UK client money deadline approaches
  • Locke Lord LLP
  • United Kingdom
  • June 11 2010

We have previously reported on the UK Financial Services Authority's (FSA) Client Money and Asset Report (the Report), published in January 2010


Financial Services Authority (FSA) publishes consultation paper on competence and ethics
  • Locke Lord LLP
  • United Kingdom
  • June 11 2010

The FSA has recently published a consultation paper entitled "Competence and ethics" (CP1012


Financial Services Authority responds to Conservative Party's plan to abolish it
  • Locke Lord LLP
  • United Kingdom
  • August 3 2009

On 20 July 2009 the opposition Conservative party published a White Paper entitled 'Plan for Sound Banking' which proposes an overhaul of financial regulation, including the abolition of the FSA


Financial Services Authority confirms changes to the rules for approved persons
  • Locke Lord LLP
  • United Kingdom
  • August 4 2009

On 27 July 2009, the Financial Services Authority (the FSA) issued PS0914: "The approved persons regime - significant influence function review" (the Policy Statement) confirming that it will extend the approved persons regime for those that perform a 'significant influence' function at firms


Chinese consider revising plan for a super regulator
  • Locke Lord LLP
  • China
  • May 14 2010

China is considering reviving its plan to set up a super regulator in order to make the government's oversight of the financial sector more efficient and expedient and improve the lack of integration and co-ordination between existing regulators


SDFL judge finds for Wachovia in unique auction rate securities suit
  • Locke Lord LLP
  • USA
  • May 18 2010

A federal judge in the United States District Court for the Southern District of Florida recently issued findings of fact and conclusions of law following a bench trial in favor of Wachovia in a suit brought by investors who were unable to liquidate certain Auction Rate Securities ("ARS") originally purchased through Wachovia


Financial Services Authority and Financial Reporting Council publish discussion paper on auditors' role in prudential regulation
  • Locke Lord LLP
  • United Kingdom
  • July 9 2010

On 30 June 2010, the UK's Financial Services Authority (FSA) and Financial Reporting Council (FRC) published a joint discussion paper (DP) entitled "Enhancing the auditor's contribution to prudential regulation"


Securities and Futures Commission publishes new handbook
  • Locke Lord LLP
  • Hong Kong
  • July 16 2010

On 25 June 2010, the Securities and Futures Commission of Hong Kong (the SFC) published the new SFC handbook (the Handbook), which came into immediate effect