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SEC Seeks Public Comment on Use of Derivatives by Mutual Funds and Other Investment Companies
August 31, 2011 – The Securities and Exchange Commission today voted unanimously to seek public comment on a wide range of issues raised by the use of derivatives by mutual funds and other investment companies regulated under the Investment Company Act.
The SEC is seeking public input through a concept release, which is a Commission-approved document that poses an idea or ideas to the public to get their views. The Commission will use the comments received in response to this concept release to help determine whether regulatory initiatives or guidance is needed that would continue to protect investors and fulfill the purposes underlying the Investment Company Act.
view concept release-Use of Derivatives by Investment Companies under the Investment Company Act of 1940
Source: SEC.gov
Fee Rate Advisory #2 for Fiscal Year 2012
August 31, 2011 – The Securities and Exchange Commission today announced that in fiscal year 2012 the fees that public companies and other issuers pay to register their securities with the Commission will be set at $114.60 per million dollars.
The Commission determined this new rate in accordance with procedures required under the securities laws. Accordingly, the Commission consulted with both the Congressional Budget Office and the Office of Management and Budget regarding the annual adjustment.
view the Order Making Fiscal Year 2012 Annual Adjustments to Registration Fee Rates
Source: SEC.gov
United States Commodity Funds files with the SEC
August 31, 2011--United States Commodity Funds has filed an Amendment No.1 to Form S-1 with the SEC for the United States Metals Index Fund
United States Agriculture Index Fund and
United States Copper Index Fund
view filing
Source: SEC.gov
BNP Paribas files with the SEC
August 31, 2011--BNP Paribas has filed a Pre-Effective Amendment No.1 to Form S-1 registration statement with the SEC for the BNP Paribas Enhanced Volatility Fund.
view filing
Source: SEC.gov
S&P Indices launches S&P MILA 40
New Index to Serve as the Primary Measure of Equity Market Performance in Andean Region
August 31, 2011-- S&P Indices announced today the launch of the first in a series of indices designed to measure the performance of the MILA Integrated Market. The S&P MILA 40 gauges the returns of the largest and most liquid stocks trading on the Mercado Integrado Latino Americano (MILA) platform, an integrated trading venture formed by the Chile, Colombia and Peru stock exchanges.
The agreement between MILA and S&P Indices, formally announced today at a signing ceremony in Santiago, Chile, will result in the development of additional, broad-market and sector indices intended to capture the performance of stocks offered in the three MILA countries.
"Equities from the Andean nations have been among the best performing stocks in all emerging markets," said Alka Banerjee, Vice President of Global Equity Indices at S&P Indices. "The S&P MILA 40 has been designed to provide local and international investors alike with a sound benchmark by which to judge and follow their investments in this important region of the world."
read more
Source: Standard & Poor's
CME chief attacks CFTC over reforms
August 31, 2011--The head of CME Group, the US’s biggest futures exchange, has launched a fierce public attack on Washington regulators, saying the way new financial rules have been written is legally unsound and calling for their implementation to be delayed.
In a letter to the Commodity Futures Trading Commission, the US futures watchdog, Craig Donohue, CME chief executive, accused the agency of failing to conduct an adequate cost-benefit analysis of its proposed rules stemming from last year’s Dodd-Frank Act, which overhauled financial regulation.
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Source: CME Group
Van Eck files with the SEC
August 30, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Mortgage REIT Income ETF.
view filing
Source: SEC.gov
Board Of Governors Of The Federal Reserve System: Minutes Of The Federal Open Market Committee, August 1 And August 9, 2011
August 30, 2011--The Federal Reserve Board and the Federal Open Market Committee (FOMC) on Tuesday released the attached minutes of the Committee meeting held on August 9, 2011 and of the conference call held on August 1, 2011.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.
view Minutes of the Federal Open Market Committee-August 9, 2011
Source: FRB
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
August 30, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Tuesday, August 30, 2011:
Redhawk Resources, Inc. (TSXVN:RDK) will be removed from the index. The company will graduate to trade on TSX under the same ticker symbol.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poor's
BATS Receives SEC Approval on Rules for U.S. Primary Listings Business
SCHEDULED TO LAUNCH LISTINGS BUSINESS IN FOURTH QUARTER OF 2011
August 30, 2011-- BATS Global Markets (BATS), a global operator of stock and options markets, today announced it received approval from the Securities and Exchange Commission (SEC) on the rules for its U.S. primary listings business, which will launch in December 2011.
As a new primary listings venue, BATS will provide issuers an alternative place for initial public offerings (IPOs), stock listing transfers, and dual-listed stocks. All securities will be listed on the BATS BZX Exchange. BATS is the third largest U.S. stock exchange operator, behind NASDAQ and NYSE.
"We are excited to bring competition to the primary listings market in the U.S. as we believe there is a great opportunity to satisfy unmet needs of current and future public companies and other issuers," said Joe Ratterman, president and chief executive of BATS Global Markets. "Creating a competitive alternative to the incumbent exchanges that brings simple, competitive pricing and superior technology coupled with our world-class customer support, will drive innovation in this market and allow issuers more choice."
A copy of the approved rules is available on the BATS Listings website at www.batstrading.com/listings.
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Source: BATS Global Markets
