PrimaryMarkets’ Post

ASIC's intended review of private market transactions risks having negative impacts and alter important investment decisions. https://lnkd.in/gQJZ_T7e #asic #listedsecurities #primarymarkets #privateequity #regulation #venturecapital

Might the City of London be concerned about the report of the Australian Securities and Investment Commission (ASIC) “started investigating the seismic shift of capital from public markets towards private equity”? Refer to https://lnkd.in/g7j-jkck as reported by the Australian Financial Review on June 5. A possible contributing factor to this "seismic shift" is set out in my letter published in the Australian Review today (June 12) under the heading: "ASX follows dysfunctional guidelines" The dysfunctional and ethically blind Global Corporate Governance Principles of the International Corporate Governance Network – which the ASX largely follows – can help explain the global decline in publicly listed firms reported in (“Red tape driving capital from ASX”). Evidence of ethical blindness arises from describing listed firms as being “public” when security exchanges default rules are to keep private the identity of beneficial owners. This protects brokers trading against their clients, short sellers, market manipulators, money-launderers, bribery, financing terrorists, and other socially undesirable activities. Non-disclosure of beneficiaries denies the fundamental rule in business of knowing whom you are dealing with. It makes a lie of describing listed companies as being “public” when their individual owners are kept secret. It also makes stock exchanges more dysfunctional – as their main purpose for existing is to provide a public price discovery service. Price discovery is already significantly jeopardised by private off-market trading described as “dark pools”. In the US last year there are more private companies (5724) who revealed their beneficial owners because they possess employee share plans that there were listed firm on both the NASDAQ and the NYSX. Shann Turnbull Paddington, NSW

With a focus on T+1 settlement and investment advisers, explore the different ways regulatory authorities are seeking to improve market efficiency in Bloomberg's latest Global Regulatory Brief. #trading #investing #regulation

The Securities and Futures Commission of Hong Kong announced that a new Chairman will assume office on October 20, 2024, succeeding the outgoing Chairman. The new appointee aims to foster sustainable capital markets, safeguard investors' interests, and promote economic growth. Leadership transitions are acknowledged as vital for regulatory effectiveness. #SecuritiesandFuturesCommission, #TataConsultancyServices, #Capitalmarkets, #Financialregulation, #Fxnews, #Forex

With recent focus on the private assets industry, the introductory article of our new series is a timely round up of the trends driving the industry which explores macroprudential and securities regulators’ emerging areas of interest and supervisory focus. Read more below: #financialservices #privateassets #regulation

The FCA has set out a package of measures designed to help strengthen the UK’s capital markets and position as a global and vibrant financial centre. https://lnkd.in/eq7UEp2a #capitalmarkets #assetmanagement #fintech

A New Platform for Trading Private Business Shares Although promising, without detailed information, practical challenges and potential unintended consequences remain unresolved. Read more about PISCES and its implications here: https://bit.ly/4bHz5kV #ICAEW #PISCES #PrivateBusinessShares #FinancialRegulation #TradingPlatform #CapitalMarkets #FinancialServices #Investing #LegalBusiness #LawFirmExcellence #CorporateLaw #LegalStrategy #BusinessLawInsights #LegalSolutions #LegalInnovation #LawAndBusiness #LegalConsultancy #BusinessLegalTips #THTribe

The FCA has set out a package of measures designed to help strengthen the UK’s capital markets and position as a global and vibrant financial centre. https://lnkd.in/ePTk-w6H #capitalmarkets #assetmanagement #fintech

The FCA has set out a package of measures designed to help strengthen the UK’s capital markets and position as a global and vibrant financial centre. https://lnkd.in/euV9NhtQ #capitalmarkets #assetmanagement #fintech

Hong Kong hosted the first SFC Regional Securities Regulatory Leadership Symposium in Hong Kong on 28th February 2024 with more than 300 regional & global financial leaders attending, and Hong Kong SFC celebrating its 35th anniversary. Read - https://lnkd.in/grfEPCQQ follow Caproasia | Driving the future of Asia The Hong Kong Securities & Futures Commission (SFC) hosted the first SFCRegional Securities Regulatory Leadership Symposium in Hong Kong on 28th February 2024 with more than 300 regional & global financial leaders attending, and Hong Kong SFC celebrating its 35th anniversary.  The SFC Regional Securities Regulatory Leadership Symposium promotes exchange between Asian & European regulators, and engage financial industry leaders from public & private sectors.  Hong Kong SFC: “The Securities and Futures Commission’s (SFC) Regional Securities Regulatory Leadership Symposium was successfully concluded today, as more than 300 senior government officials, financial regulators and business leaders exchanged views on Asia-Pacific capital market developments.  The SFC would like to thank all the guest speakers and participants for their support in this very first event to mark the SFC’s 35th anniversary. Paul Chan, Financial Secretary of the Hong Kong SAR Government & Dr Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission (CSRC), both graced the event with their keynote speeches. 20 prominent speakers from both Asia-Pacific and Europe and across public and private sectors participated in different panels. They discussed the current Asia-Pacific market landscape, fund flows and emerging market trends, such as sustainable finance, fintech and artificial intelligence.” Tim Lui, Chairman of Hong Kong SFC: “As Asia’s international financial centre and premier capital intermediary, Hong Kong is well-positioned to drive regional growth and forge a more connected Asia-Pacific.  The importance of collaboration has been emphasised repeatedly throughout today’s discussions. It is also exactly why we organise this symposium to commemorate our 35th anniversary – to forge ties, share experiences and bridge divides.” Julia Leung, Hong Kong SFC CEO: “This symposium has paved the way for regulators and industry participants across Asia-Pacific to join in efforts to harmonise standards, drive cross-border capital flows, promote responsible innovation and facilitate a global low-carbon transition.  Meaningful collaboration amongst Asian markets will play an important role to make the region’s financial markets bigger, stronger and more resilient amid global uncertainties.”