Her Majesty's Revenue and Customs has released a consultation paper on the UK government's intended approach to implementing the commitments made in the UK-US FATCA Agreement. The agreement reflects a commitment by both governments to increase the scope of information automatically exchanged between them, and follows the Model Intergovernmental Agreement signed by the G5 and the US in July. Comments Due: November 23, 2012. Once the consultation process is complete, draft legislation with then be published for further comment.
News & Insights
Listed below are new SRO rules and rule proposals. Today's are from BOX and CBOE: BOX: Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change to Amend the Price Improvement Period CBOE: Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change to Increase the Maximum Term for LEAPS to Fifteen Years
CME Group has announced that it will host the fifth annual Global Financial Leadership Conference (GFLC) this November 12-14, 2012. The following topics are to be discussed: Impact of geopolitical trends on global financial market; High frequency trading and evolving capital market dynamics; The new global energy landscape; Effect of the U.S. elections on markets;and Potential outcome of current and proposed regulatory policy.
The SEC Division of Corporate Finance ("DCF") has released this presentation given by Stephanie Ciboroski, Senior Assistant Chief Accountant and Mark Shannon, Associate Chief Accountant. Their (almost 50-page) PowerPoint presentation provides (i) a general update on the DCF and its organization, (ii) a description of the DCF comment process, and (iii) an overview of frequent areas of staff comment on accounting and disclosure matters. The frequent areas of staff comment included (i) a general update, and (ii) an overview of frequent areas of staff comment on accounting and disclosure matters
Click hereto watch the hearing live. Below is the related notice. View notice in full here(links externally to U.S. Senate Committee on Financial Services website).