U.S. industry calls for shift to digital disclosure

first_img Regulators propose slimming corporate disclosure The U.S. securities industry is calling on regulators to adopt electronic delivery as the standard method of communicating with investors.A collection of industry trade groups, led by the U.S. Securities Industry and Financial Markets Association (SIFMA), issued a discussion paper that proposes revising federal rules and guidance to establish digital delivery as the default for transmitting disclosure documents, such as prospectuses and client account statements. mature woman with tablet dusanpetkovic/iStock Don’t believe the hype: BCSC proposes new rules for stock promoters The paper calls on the U.S. Securities and Exchange Commission (SEC) to amend its rules to reflect the fact that electronic delivery has become the preferred method of communicating for most investors.SIFMA proposes a one-year transition period for firms to make the switch, with new clients defaulting to electronic delivery after that. Clients would also still have the option of receiving physical disclosure documents.The groups argued that allowing firms to use digital communications as the default will improve the investor experience, allowing for more timely, easily accessible information.“The industry has long supported the common sense and environmentally friendly move to digital delivery, which is consistent with the way Americans want to receive information,” said Kenneth Bentsen, Jr., president and CEO of SIFMA.“Not only is e-delivery faster, safer, and more timely than physical delivery, it also allows investors to review documents in more user-friendly formats, when and where they choose, leveraging modern communications technology to create deeper and more productive investor engagement. It’s a logical next step for the SEC to take, and even more so in the time of the Covid-19 pandemic,” Bentsen added.Recently, an Ontario government task force also called for a move to digital delivery of investor communications, citing the benefits of faster, more cost-effective disclosure. Keywords Disclosure,  Electronic recordsCompanies Securities Industry and Financial Markets Association, Securities and Exchange Commission CSA sets rules on non-GAAP financial reporting James Langton Share this article and your comments with peers on social media Related news Facebook LinkedIn Twitterlast_img read more

Bar Professional Training Course students ‘not up to it’

first_imgToo many people on the Bar Professional Training Course are ‘wasting their money’ because they are ‘not up to it’, the chair of the bar’s regulator declared last week.Lady Deech, chair of the Bar Standards Board, said the BSB would press ahead with its plans to introduce aptitude and English language tests for students before they can undertake the BPTC.Deech said: ‘There are too many people on the course who shouldn’t be there. We need to give a signal to those who aren’t up to it that they’re wasting their money.’Deech said language is a tool of the trade at the bar, and it is wrong to ‘let people loose on the public’ if they do not have sufficient English language skills.She said: ‘If you’re tone deaf, don’t go to music school; if y­ou have two left feet don’t go to ballet school.’The BSB chair said her comments were aimed not only at ensuring the quality of the profession, but also reflected the need to tackle the mismatch between the number of graduates and the pupillages available.BSB figures showed that last year around 1,400 students undertook the bar course, while only 478 pupillages were on offer.Deech said she was concerned about the high number of students who had spent a lot of money on training and accrued large debts, yet failed to get a job in the profession.‘If they don’t find a satisfactory career, we’ll be gaining an army of enemies,’ she said.Following a review of the bar’s vocational training in 2008, Derek Wood QC recommended the introduction of a compulsory aptitude test and an English language test for all students whose first language was not English or Welsh.BPTC providers are currently piloting the aptitude test, and an application has been made to the Legal Services Board to introduce the English test.The Law Society is considering introducing an aptitude test for students seeking to study the Legal Practice Course.last_img read more

UWP accepted campaign financing in exchange for diplomatic postings

first_imgLocalNewsPolitics UWP accepted campaign financing in exchange for diplomatic postings by: Dominica Vibes News – June 28, 2017 The Opposition United Workers Party (UWP) has been accused of promising to issue diplomatic passports to six foreign investors in exchange for campaign financing for the 2005 and 2009 general elections.That accusation was made by Sam Raphael, a hotel developer, who disclosed on radio on Tuesday 27 June 2017 that he was with some UWP officials when that agreement took place.Raphael, who made that revelation while speaking with talk show host Matthias Peltier Jr., said he is revealing this information “not to attack the Opposition, but to get them to stop and think”.“Sam Raphael is stating he was present when the Opposition party, at the highest level, sold diplomatic passports, well they took the money for diplomatic passports from six individuals, who wired monies to Dominica that funded the UWP campaign in 2005 to the tune of over three million and in the same vein in 2009,” he disclosed.“What do people think? Where do you think they get their pelleau from? Or the Chicken? Or the t-shirts, and so on to run, and all the buses and so on,” he questioned and added whether it was corrupt for the UWP to sell diplomatic passports.Raphael said without campaign finance laws enacted here, he presumes that both parties are “fighting fire with fire”.Although the Dominica government has denied allegations that it engages in the sale of diplomatic passports, Opposition Leader, Lennox Linton has repeatedly said so on local, regional and international media after two foreign nationals, who held Dominica’s diplomatic passports were arrested abroad. In October 2015, former government minister of Nigeria Diezani Alison-Madueke who was serving in an honorary capacity, with no direct remuneration from Dominica, was detained in the UK.In January 2017, Iranian businessman, Alireza Zibahalat Monfared, who was issued a diplomatic passport to help promote Dominica internationally, was accused of helping to embezzle billions of dollars.In both instances, the Dominica government publicly stated that these foreign nationals did not pay to receive these diplomatic passports, but rather it was to facilitate their travel in helping to promote Dominica.“So to go out on the international media and to broadcast, and to raise the issue that there’s an allegation; smoke, maybe there’s fire, that this administration sold diplomatic passports, when you know your party know for a fact [sold diplomatic passports] because the financial records are there,” he added.Further, Raphael said he is not making “wild accusations; I’m telling you things that I know”.Although Mr Linton was not leader of the United Workers Party during the 2005 and 2009 general elections, Raphael said he is aware of this information and should not seek to absolve himself of responsibility because “a party is not one man”.“A party is an organization and if you know there’s a history of corruption in your organization, the first thing to do is to speak to that and to sort of reconcile that in all honesty, before you go attacking the other guy of having dirty laundry, and Matt, this is what I think the hypocrisy of this whole thing [is],” Raphael said.Regarding the Opposition’s claims that the current administration is involved in the sale of diplomatic passports, Raphael said he does not have any first-hand information of this as he does in the UWP’s case.“I was more directly involved in assisting the UWP in their fundraising so I know for facts. What I know now, is merely the smoke that is raised, that you hear every day on your program, so then I say if there is smoke, there must be some fire, but I don’t have firsthand information as I would with respect to the Opposition Party as such,” he explained. “I wasn’t there when Mr Skerrit made any deals, I haven’t seen the documents to show that. I know there are lots of allegations…I don’t have that evidence,” Raphael added.The Dominica government announced policy changes to the process of diplomatic appointments to tighten safeguards and address concerns of citizens and other stakeholders in February 2017.In making the announcement Prime Minister Roosevelt Skerrit said he regretted “the unfortunate turn of events” with respect to a few persons holding diplomatic passports, becoming persons of interest to foreign countries and external security organizations.Government also engaged a foreign firm to conduct a professional review of the processes of issuance of diplomatic and official appointments.The policy changes, which took immediate effect in February, was done to “tighten safeguards and to address concerns of citizens and other stakeholders”. Tweet Sharing is caring! 775 Views   17 commentscenter_img Share Share Sharelast_img read more

PL move now ‘likely’ – Everton and West Ham have ‘shown…

first_imgEverton and West Ham continue to be linked to the Inter Milan striker Gabriel Barbosa. This time, the latest news come from the Brazilian media. As the player has spent the past year on loan at Santos, the club is still hopeful they could find a deal with Inter Milan to keep him for longer.Santos president José Carlos Peres spoke about the situation on Tuesday, saying the club could offer Inter Milan the priority to buy some of their players in exchange for Gabigol.“He might want to stay, he knows the way home. If he gets to a value that we can… He was sold for R$88m. First year on the bench, second year with us. No one in Brazilian football, except Palmeiras and Flamengo, has money to pay.”“What we offer most is priority. As Santos is a player maker, I can pay an amount and give them priority,” said Peres (Gazeta Press news agency via Fox Sports).Embed from Getty ImagesBut it’s well known that Inter Milan won’t let Gabigol go for little, and that’s why a move to an European side continues being the most likely plan for his future.Gazeta Press then writes that the Premier League is the ‘likely’ destination for Gabigol, where Everton and West Ham have ‘already shown interest’. They say Inter Milan want to negotiate his sale as they have no further spots for foreigners in the squad.As the Brazilian league ends next weekend, it’s likely that Gabigol will finally be free to focus on his future from next Monday.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksTrending TodayGrepolis – Online Free GameGamers Around the World Have Been Waiting for this Game! Already 35 Million PlayersGrepolis – Online Free GameUndoDailyforestYou Won’t Believe What This Actress Looks Like In Real LifeDailyforestUndoJournalistateDomino’s Calls Cops, When Missing Customer Is Found SprawledJournalistateUndoOceandrawRescued Moose Does The Most Special Thing For The Man Who Saved HerOceandrawUndoTottenham can announce signing tomorrow – Medical on the way, ‘agreement is total’ for transfer – Sport WitnessUndo’Humiliating’ incidents see ‘failure’ for player – All helping potential transfer to Tottenham this summer’ – Sport WitnessUndoClub now ‘expecting’ bid to arrive from Manchester United – Player too expensive for rivals – Sport WitnessUndoPlayer has ‘said yes in his heart’ to Leeds’ €4m/year four year contract – Radrizzani needs to up offer – Sport WitnessUndoFrom Portugal: More details on Wolves’ option to buy midfielder – Sport WitnessUndolast_img read more

High Performance Assistant Coach And Manager Positions

first_imgThe cycle will culminate in the 2015 World Cup being hosted in New South Wales, Australia. Leading up to 2015 Australia will compete on the international stage annually at various events in various divisions. The full list of international events appears below:April 2012 – Mudgee, New South Wales – Open Trans Tasman2013 – New Zealand ‘Super Trans Tasman’ – Youth, Masters and Open2014 – Australia Open Trans Tasman2015 – Australia FIT World Cup and Youth Trans TasmanTFA is therefore seeking Expressions of Interest (EOI) from suitably qualified, currently accredited and active coaches and managers to fill several positions. To read more, please click on the attachment below. This story was first placed on the website on Thursday, 22 March 2012. Related Files2012_assistant_coach___manager_advert-pdflast_img read more

a month agoMan City manager ​Guardiola lauds ‘exceptional’ Gundogan

first_imgMan City manager ​Guardiola lauds ‘exceptional’ Gundoganby Ansser Sadiqa month agoSend to a friendShare the lovePep Guardiola is delighted with the performances of Manchester City midfielder Ilkay Gundogan.While the German is not always first choice in the City midfield, he has never let his manager down in the past.And it was no different against Shakhtar Donetsk in the Champions League, with Gundogan getting a goal and running the show in midfield.”The important thing is the credit he has from all of us, he is an exceptional player,” Guardiola said to the club’s official website about Gundogan after the 3-0 win.”He knows how good he has to play because there are many in that position.”In centre-back we have many injuries but in that position we have many players. He had seven months out in the first year but now I am so satisfied and people can start to look at what he’s done over recent months for this club.”We couldn’t have won the Premier League the way that we did it without him, especially when he plays in three positions.”Outstanding performance from Ilkay today.” About the authorAnsser SadiqShare the loveHave your saylast_img read more

a month agoJames Tarkowski insists he’s happy at Burnley

first_imgJames Tarkowski insists he’s happy at Burnleyby Paul Vegasa month agoSend to a friendShare the loveBurnley defender James Tarkowski insists he is happy at Turf Moor.The defender has been capped twice and was named on England’s standby list for the World Cup in 2018 but pulled out to have hernia surgery.Tarkowski said: “Obviously on a personal level I want to be in that team and be in that squad. “I feel like I’m in the best position I’ve ever been in in terms of fitness and the way I’m playing. All I can do is keep trying to perform to the level I have been and hopefully catch the manager’s eye.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img

Ohio State Takes Back No. 1 Recruiting Class Ranking From Alabama After 5-Star Commits

first_imgOhio State's 2017 recruiting class.Ohio StateAlabama’s grasp on the No. 1 recruiting class for 2017 lasted for less than a day. Ohio State retook the top spot in the rankings on Friday night, when five-star offensive lineman Wyatt Davis pledged to the Buckeyes, giving Urban Meyer’s program enough points to surge past the Crimson Tide. Nick Saban’s program had been on top for less than 24 hours after getting a commitment from a Florida long-snapper. Here are 247Sports’ team rankings:Ohio State’s 2017 class is shaping up to be one of Urban Meyer’s best ever (and maybe the best ever). The Buckeyes currently have commitments from 14 players, three of whom are five-stars and 10 of whom are four-stars. There’s still a long way to go with the ’17 recruiting cycle, but it’s tough to imagine OSU not holding on to the No. 1 overall recruiting ranking. You can view the Buckeyes’ full 2017 recruiting class here.last_img read more

Quebec declines talks with feds provinces territories on coerced sterilization

first_imgOTTAWA — Quebec won’t be part of a working group the federal government wants to examine claims that Indigenous women have been sterilized against their will.A spokesperson for Quebec’s health minister confirmed today the province declined an invitation in January to meet officials from the federal government and other provinces and territories.In December, federal Health Minister Ginette Petitpas Taylor and then Indigenous-services minister Jane Philpott contacted the provinces, territories and members of the medical community to form a group on what they called cultural competency in health care.Health Canada official Abby Hoffman recently told a parliamentary committee that many provinces have responded to the call and said the first meeting is early next month.Alexandre Lahaie, a press attache to Quebec Health Minister Danielle McCann, says the provincial government is very sensitive to the issue of coerced sterilization, there are already discussions underway with a number of First Nations in Quebec — and that health is a provincial jurisdiction.Petitpas Taylor’s office did not comment directly on Quebec’s decision to opt out but issued a statement saying sterilizing women without their consent is a violation of basic human rights.The Canadian Presslast_img read more

Egypt court acquits exPM Mubarak sons of corruption

first_imgCairo – An Egyptian court has acquitted Ahmed Shafiq, a former prime minister and presidential candidate, and two sons of ousted dictator Hosni Mubarak, of corruption charges.Shafiq fled to the United Arab Emirates shortly after he narrowly lost to the Islamist Mohamed Morsi in a 2012 presidential election, a year before Morsi’s overthrow by the military.He faces another corruption trial, as do Mubarak’s sons Alaa and Gamal, and has not publicly said whether he would return and run in elections this year if acquitted of all charges. He had been charged with a corrupt land sale to Mubarak’s sons undertaken when he was a senior aviation official in Mubarak’s government.Shafiq later became the aviation minister and then prime minister in Mubarak’s last days in office.The military-installed government plans parliamentary and presidential elections by autumn 2014, amid widespread speculation that military chief Abdel Fattah al-Sisi will compete and win.Sisi has not confirmed his candidacy, but if he runs former military officers such as Shafiq are expected to step aside.last_img read more