SEC, Short Selling in Connection With a Public Offering, Final Rule (August 10, 2007) resource National Regulations Member contributionOCEG Reviewed
The Securities and Exchange Commission (‘‘Commission’’) is adopting amendments to Regulation M to further safeguard the integrity of the capital raising process and protect issuers from manipulative activity that can reduce issuer’s offering proceeds and dilute security holder value. The amendments eliminate the covering element of the former rule. Effective Date: October 9, 2007.
Pricing integrity is essential to the capital raising process.
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United Kingdom, Financial Service Act 2010 resource National Laws OCEG Reviewed
From the Executive Summary: FSMA currently sets out four objectives for the FSA (Financial Services Authority). These are: maintaining confidence in the financial system; promoting public understanding of the financial system; securing the appropriate degree of protection for consumers; and reducing financial crime.
