The Securities and Exchange Commission voted last week to adopt a new rule to place certain restrictions on short-selling when a stock is experiencing downward price pressure. The measure is intended to promote market stability and preserve investor confidence, but commissioners were divided in their voting.
The International Valuation Standards Council (IVSC) has today published an updated Guidance Note on the valuation of intangible assets. The revised GN 4 identifies the principal techniques that are recognized for the valuation of intangible assets such as brands, intellectual property and customer relationships, and gives guidance on how these are applied.
The training material is designed to assist companies and accounting practitioners in applying the IFRS. It will also assist educators in teaching how to apply the IFRS for SMEs.
“The Kiev market for underwriters” (KMFU) is a kind of a trade ground with the most favorable conditions to insure against risks and to receive compensation from an insurance company in case of event’s actual occurrence.
In 2009, Moscow tax collectors discovered 142 schemes with which employers were paying “gray salary” to theirs employees – informs the Federal Tax Service’s press office.
The Supreme Arbitration (Commercial) Court of the Russian Federation found illegal all practices when banks raise interest on credits to private individuals on their own discretion. The Court treats all fines levied by banks on their clients for overdue credit payments in a similar way.
The Securities and Exchange Commission has instituted public administrative proceedings against two former Ernst & Young auditors who failed to uncover the misappropriation of client funds by an investment advisor they were auditing.
A decision by the Treasury to delay by one year the introduction of an international accounting standard, which could see accounts of some NHS charities consolidated into the group accounts of an NHS parent body, has been welcomed by the Charity Commission.
The Financial Services Authority (FSA) of Great Britain is getting tougher with financial regulation: for various violations committed, fines may be increased in three times, reaching 20% of annual revenue for legal entities and 40% of annual income for private individuals.
The US Senate is still too slow with approval of amendments to the law on financial regulation that were proposed by the White House “chief” Barack Obama. The main point of disagreement here are authoritative powers of the new financial markets regulator.
