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Results: 1-10 of 215

Amendments to the Act on Terms of Payment in Commercial Transactions - Leveling the Field Between Public and Private Sectors
  • Samardžić, Oreški & Grbović Law Firm
  • USA
  • March 27 2018

In order to speed up turnover of funds in the Serbian economy, the Serbian parliament enacted a piece of legislation in 2012 regulating the terms of


Proposed changes affecting repurchase agreements
  • Foley & Lardner LLP
  • USA
  • March 28 2011

The SEC's proposal also would remove references to credit ratings with respect to securities collateralizing repurchase agreements


Hungarian Presidency’s work programme to June 2011
  • Dechert LLP
  • European Union
  • February 3 2011

On 12 January 2011, the Council of the European Union ("the Council") published the work programme prepared by the Hungarian Presidency for the EU Economic and Financial Affairs Council ("ECOFIN"


Proposed changes to the interest exemption for non-residents postponed
  • ENSafrica
  • South Africa
  • October 28 2010

In May 2010 draft legislation amending the general income tax exemption for interest earned by non-resident lenders from South African ("SA") resident borrowers was released by National Treasury for comment


President’s Working Group on Financial Markets recommends money market fund reform
  • Alston & Bird LLP
  • USA
  • October 22 2010

Yesterday, the President's Working Group on Financial Markets (PWG) released a report describing a number of proposed money market fund (MMF) reforms


Proposed changes to the interest exemption for non-residents will have far reaching and unintended implications
  • ENSafrica
  • South Africa
  • June 22 2010

In terms of the current law, interest earned by non-resident lenders from South African ("SA") resident borrowers is generally exempt from SA income tax


SEC approves Money Market Fund Reform to better protect investors
  • Morrison & Foerster LLP
  • USA
  • March 15 2010

On January 27, 2010, the Securities and Exchange Commission (the "SEC") adopted rule amendments designed to significantly strengthen the regulatory requirements governing money market funds and better protect investors (the "Money Market Fund Reform"


Removal of references to NRSRO ratings from Investment Company Act rules
  • Drinker Biddle & Reath LLP
  • USA
  • December 31 2009

Last summer, the SEC proposed controversial amendments that would remove all references to nationally recognized statistical rating organization (NRSRO) credit ratings in its rules including Rules 2a-7, 3a-7, 5b-3 and 10f-3 under the Investment Company Act of 1940 (the 1940 Act), and Rule 206(3)-3T under the Investment Advisers Act of 1940 (the Advisers Act


SEC removes rule references to nationally recognized statistical rating organizations
  • Vedder Price PC
  • USA
  • November 2 2009

On October 5, 2009, the SEC adopted amendments to 1934 Act and 1940 Act rules to remove references to nationally recognized statistical rating organizations ("NRSROs") as part of the SEC’s effort to address concerns that references to NRSROs in SEC rules may have contributed to an undue reliance by market participants on the ratings issued by NRSROs


OSC publishes proposed amendments regarding prospectus and registration exemptions
  • Stikeman Elliott LLP
  • Canada
  • May 22 2009

On May 22, 2009 the Ontario Securities Commission (OSC) published a request for comments on a second set of proposed amendments to NI 45-106 Prospectus and Registration Exemptions, OSC Rule 45-501 Ontario Prospectus and Registration Exemptions and NI 45-102 Resale of Securities(collectively, the "Prospectus and Registration Rules"