The French AMF has issued a public warning to investors who may, in the light of current low interest rates, be tempted to invest in unregulated sectors.  Highlighting an increase in the number of parties offering favourable investment returns for non-financial products as diverse as letters and manuscripts, works of art, solar panels, stamps, wine and diamonds, … Read more

The date when the new statutory disclosure regime for inside information under Part XIVA of the Securities and Futures Ordinance (“SFO”) comes into effect – 1 January 2013 – is fast approaching.  In November, the HK Stock Exchange published its consultation conclusions on consequential changes to the Listing Rules as a result of the new statutory regime.  … Read more

In July this year, Reed Hastings, the CEO of Netflix Inc (Netflix), posted on Facebook that Netflix’s members had enjoyed over 1 billion hours in June.   Mr Hastings has well over 200,000 followers, including various reporters and bloggers, and there was some press coverage of the post.  Netflix did not otherwise issue a formal press release … Read more

Transparency International (TI) has published the Corruption Perceptions Index 2012 (CPI). The CPI, originally launched in 1995, ranks countries according to how corrupt their public sector is perceived to be. The index is compiled using a combination of polls drawing on corruption-related data and also reflects the views of observers from around the world. TI … Read more

The Alternative Investment Fund Managers Directive (the “AIFMD”) is due to be implemented by Member States at a national level by 22 July 2013 and will govern many aspects of the way in which most investment fund managers established in the EU (other than those that exclusively manage UCITS) (“AIFMs”) run and structure their businesses … Read more

 The passage of Act 9/2012 of 14 November on the restructuring and resolution of financial institutions, and the adoption of Royal Decree-Law 1559/2012 on 15 November 2012, complete the establishment of the legal framework for asset management companies in Spain.  To read our fuller briefing, click here.    Read more

Please click here for the November 2012 edition of our global corporate crime update. Jurisdictions covered in this month’s update include: United Kingdom, France, Spain, Russia, the Middle East, Hong Kong, Japan, Australia and the United States. Read more

Lord Turner recently informed the Chairman of the Treasury Committee that the FSA was unable to use its powers to extend an internal FSA leak inquiry to enable it to interview third parties because the leaked information was not market sensitive. Read more