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The Australian Securities and Investments Commission has released new regulatory guidance and relief aimed at achieving better disclosure by parties that are engaging in securities lending of substantial holdings in listed entities.
The guidance is contained in Regulatory Guide 222 Substantial holding disclosure: securities lending and prime broking (RG 222) and the relief is contained in Class Order [CO 11/272].
ASIC has also released Report 235 Response to submissions on CP 107: Securities lending and substantial holding disclosure (REP 235), which summarises consultations with industry leading to the new regulatory guidance.
Under the new guidance, ASIC sets out its expectations
Legal & General Investment Management’s (LGIM) Global Emerging Markets Strategist, Brian Coulton (pictured), explains that mounting inflationary pressures in China could potentially force more substantial monetary tightening than currently signalled by the authorities or the market…
As inflationary pressures continue to build in China, the situation is increasing the risk of a slowdown in the country’s growth, which would have major implications for the global economy. China’s role is more important than ever having officially become the world’s second-largest economy last year, accounting for a quarter of global growth. With other countries importing cheap Chinese goods, China has played a