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The Ontario Capital Markets Tribunal's (the Tribunal's) much-anticipated decision in Cormark Securities Inc. (Re)[PDF] provides important guidance to market participants that enter hedging transactions in connection with private placements. The [...]

Stockholm, Sweden: Advokatfirman Schjodt has issued the following news release: The Ministry of Finance adopted changes to the securities fund regulations, which provide new opportunities for management companies and investors. [...]

Key Highlights: * UK landlords must upgrade inefficient properties before renting them out under the Minimum Energy Efficiency Standards (MEES. * 7% of commercial properties in England & Wales had [...]

WASHINGTON -- The following information was released by the Commodities Futures Trading Commission: I respectfully dissent from the Commission's[1] enforcement action settling charges against Piper Sandler Hedging Services, LLC ('Piper [...]

TANZANIA PETROLEUM DEVELOPMENT CORPORATION, Tanzania has invited tenders for Consultancy Services for Preparation of Accounting Operational Manuals, Financial Regulations, Impairment Policy and Hedging Policy. Tender Notice No: TR24/2023/2024/C/07 Deadline: June [...]

HARRISBURG, PA -- The following information was released by the Pennsylvania State Senator Bob Mensch: By Sen. Bob Mensch March 18, 2024 Mastering these vital tips will be essential for [...]

Ljubljana, Slovenia: European Union Agency for the Cooperation of Energy Regulators has issued the following press release: The Dutch National Regulatory Authority (NRA), Autoriteit Consument & Markt (ACM), requested a [...]

Bulk Annuities Market Recent hikes in interest rates have led to huge increases in the funding levels of many UK defined benefit pension schemes (DB Schemes). Now they are in [...]

WASHINGTON -- The following information was released by the office of Iowa Rep. Zach Nunn: U.S. Representative Zach Nunn (IA-03) and U. S. Senator Jerry Moran (KS) led their colleagues [...]

WASHINGTON -- The following information was released by Kansas Senator Jerry Moran: U.S. Senator Jerry Moran (R-Kan.) and U.S. Representative Zach Nunn (R-Iowa) led their colleagues in cautioning federal regulators [...]

Rhine Shipping DMCC v Vitol SA [2023] EWHC 1265 (Comm)was a complex case in which the Commercial Court considered the relevance of hedging to the assessment of damages. Key takeaways [...]

London: UK Government has issued the following news release: This guidance applies to periods of account starting on or after 1 January 2015. Overview of regulations 7, 8 and 9 [...]

London: UK Government has issued the following news release: The amounts of group-interest and group-EBITDA that are used for the fixed ratio debt cap and the group ratio method are [...]

2023 JUN 22 (VerticalNews) -- By a News Reporter-Staff News Editor at Politics & Government Week -- Researchers detail new data in public administration finance and law. According to news [...]

We previously we took an initial look at hedging in real estate financing transactions. In this article, we discuss the various hedging products that we commonly see in real estate [...]

London, United Kingdom: European Bank for Reconstruction and Development has issued the following press release: EBRD provided technical assistance for development of capital market legislation New legal framework is putting [...]

LONDON -- The following information was released by the European Bank for Reconstruction and Development (EBRD): By Anton Usov 16 Jan 2023 Share this page: EBRD provided technical assistance for [...]

Effective December 13, 2022, ICE Futures U.S. (IFUS) is implementing new functionality under its block trade rule permitting dealers to trade 'equity basis blocks' (EBBs) in IFUS futures contracts on [...]

Byline: ANDREW WILLIS; Staff Cenovus Energy Inc. is taking an estimated $1.38-billion hit to exit its oil hedges, accepting the short-term pain of shutting down the program to regain exposure [...]

1 Legal & Regulatory 1.1 UCITS and AIFMD Update Ireland On 16 May 2022, the Central Bank of Ireland (''Central Bank'') published a Notice of Intention on its approval process [...]

The High Court has dismissed claims brought by a business against a bank alleging the mis-selling of interest rate hedging products (IRHPs) and an unlawful means conspiracy regarding the transfer [...]

London: HM Revenue & Customs, UK Government has issued the following news release: Matched asset is shares: disposals on or after 6 April 2010 Regulation 4 of the EGLBAGL Regulations [...]

London: HM Revenue & Customs, UK Government has issued the following news release: Matching the liability or derivative: periods of account beginning on or after 1 January 2008 It should [...]

London: HM Revenue & Customs, UK Government has issued the following news release: Hedging conditions for regulation 3 to apply Condition 1 - designated fair value hedge Where the company [...]

In comments on a proposed update to IOSCO's 2011 'Principles for the Regulation and Supervision of the Commodity Derivatives Markets,' FIA asserted that IOSCO should clarify that the principles only [...]

London: HM Revenue & Customs, UK Government has issued the following news release: F(No.2)A17/Sch5/Para31 The amounts of group-interest and group-EBITDA that are used for the fixed ratio debt cap and [...]

IOSCO requested comment on proposed modifications to its '2011 Principles for the Regulation and Supervision of the Commodity Derivatives Markets.' The Principles support the regulatory supervision of product discovery and [...]

This post will address another ambiguity in the '10% buffer' Rule 18f-4 provides for excluding the notional amount of derivative transactions that hedge currency or interest rate risks ('Hedging Derivatives') [...]

This post continues our examination of the '10% buffer' for Hedging Derivatives, which refers to the amount by which the notional amounts of Hedging Derivatives can exceed the value, par [...]

This post continues our examination of the '10% buffer' for Hedging Derivatives, which refers to the amount by which the notional amounts of Hedging Derivatives can exceed the value of [...]

We promised a few posts back to discuss how a Limited Derivatives User should apply what we termed the '10% buffer' to determine whether currency and interest-rate derivatives may be [...]

Our last post examined examples of currency hedges that we believe Rule 18f-4(c)(4)(i)(B) should allow a fund seeking to comply with the Limited Derivatives User requirements to exclude from its [...]

Our last two posts surveyed what Rule 18f-4 and its adopting release (the 'Release') tell us about excluding currency and interest-rate derivatives from the derivatives exposure of a fund seeking [...]

This post continues our examination of how a fund must treat hedges when calculating its derivatives exposure to qualify as a limited derivatives user. Commenters on proposed Rule 18f-4 suggested [...]

Oct. 21 -- Guotai Junan Securities Co., Ltd. issued the following news release: According to the China Securities Regulatory Commission, the China Securities Regulatory Commission announced that qualified foreign investors [...]