Newsflashes

Briefings

Visitors will find here short messages on new developments or events regarding topics of actuality or regarding EuropeanIssuers. Some newsflashes may be member accessible only.

3 Aug. 2010 – CESR Proposes Harmonisation and Standardisation of Disclosure of Financial Information
CESR has proposed two measures for developing pan-European access to financial information disclosed by listed companies. These measures would imply implementation and maintenance costs for issuers.

14 Jul. 2010 - SEC Votes to Seek Public Comment on U.S. Proxy System
On 14 July, Washington DC, the Securities and Exchange Commission (SEC) voted to issue a concept release seeking public comment on the U.S. proxy system and asking whether rule revisions should be considered to promote greater efficiency and transparency.

12 Jul. 2010 - Short Account of the Market Abuse Public Hearing – Brussels
The European Commission organised the Public Hearing “Market abuse: promoting deterrence, market integrity and investor protection” on 2 July in Brussels in order to collect the views of stakeholders on the issues to include in the review of the Market Abuse Directive (MAD) foreseen for this year. Speakers included European and national regulators and legislators, issuers, stock exchanges, etc.

9 Jul. 2010 ECON welcomes EuropeanIssuers’ Proposal on Remuneration of Directors of Listed Companies
On 22 June 2010 the Committee on Economic and Monetary Affairs of the European Parliament (ECON) adopted a Report on the remuneration of directors of listed companies and remuneration policies in the financial sector.

7 Jul. 2010 - Short Account of the 9th European Corporate Governance Conference – Madrid
The 9th European Corporate Governance Conference took place on 28 and 29 of June in Madrid. Speakers included regulators (Spanish Ministry of Finances; European Commission; the Financial Reporting Council, etc); directors; investors and stock markets. The discussions touched on several topics: current regulatory initiatives; director’s remuneration, investors’ perspectives, one share one vote; take-over bids and governance of unlisted companies.

6 Jul. 2010 - Decision of the Supreme Court of the USA (Trial Morrison v/ NAB)
In the context of the trial Morrison against the National Australian Bank (NAB), the Supreme Court of the United States of America issued a judgment on 24 June 2010 to the effect that foreign plaintiffs could not assert claims under US Securities laws for losses suffered on a foreign exchange.