RBC Asset Management Inc. has received a regulatory exemption from certain mutual fund portfolio reporting requirements, provided that disclosure is made in the management reports of fund performance for each mutual fund and that certain records of portfolio transactions are kept.The firm sought relief from the requirement that mutual fund managers file a report within […]
Changes streamline annual filing requirements
The U.S. Securities and Exchange Commission is seeking public comment on possible revisions to its disclosure requirements for oil and gas reserves.The concept release poses questions on: whether the commission should revise the proved reserves definition, including the criteria used to assess and measure proved reserves; how new technologies impact the definition of proved reserves […]
BMO earns Award of Excellence in Financial Reporting
The Financial Industry Regulatory Authority announced that it has censured and fined Wachovia Capital Markets, LLC US$300,000 for violations of FINRA’s research analyst conflict of interest disclosure rules.FINRA found that from June 2004 to May 2006, Wachovia failed to include in 40 research reports a total of 56 disclosures concerning Wachovia’s financial relationships with subject […]
Regulators seek comment on amended proposal
Proposed regulations to be released tomorrow
The Alberta Securities Commission (ASC) has issued a blanket order to provide relief for venture issuers from certain certification requirements currently outlined in Multilateral Instrument (MI) 52-109 Certification of Disclosure In Issuers’ Annual and Interim Filings.The ASC blanket order allows venture issuers to file a simplified form of certification called a “Basic Certificate”, which does […]
Rules would require investors receive clear, concise summary of key fund information
Bill 19 makes it easier for an investor to sue for damages regarding improper disclosure