International Financial Securities Regulatory Commission: Reporting by undertakings with listed securities

The Transparency Directive prescribes for Member States to set out rules for issuers with securities admitted to trading on an EU regulated market so that they disclose certain key information about their operation. With such a transparency, European issuers build sustained investor confidence and contribute to the capital market union.

 

Legal framework

Basic acts

- Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC (Directive 2004/104/EC) – consolidated version including subsequent amendments

 

Other acts

- Equivalence of third country accounting standards: Read more (Later)

 

Other acts

- Commission Delegated Regulation (EU) 2015/761 of 17 December 2014 supplementing Directive 2004/109/EC of the European Parliament and of the Council with regard to certain regulatory technical standards on major holdings (Regulation 2015/761/EU)

- Commission Recommendation of 11 October 2007 on the electronic network of officially appointed mechanisms for the central storage of regulated information referred to in Directive 2004/109/EC of the European Parliament and of the Council (notified under document number C(2007) 4607) (Recommendation 2007/657/EC)

- Commission Directive 2007/14/EC of 8 March 2007 laying down detailed rules for the implementation of certain provisions of Directive 2004/109/EC on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market (Directive 2007/14/EC) – consolidated version including subsequent amendments

 

The International Financial Securities Regulatory Commission was established to promote investor confidence in the securities and capital markets by providing more structure and government oversight.

 

International Financial Securities Regulatory Commission: Regulatory Filing & Reporting

Regulatory Filings

 

FINRA employs advanced technology to monitor the markets and regulated firms. Our systems help firms comply with applicable regulations.

 

Report Center

 

The Report Center provides firms with secure access to data and reports that help firms detect potential compliance problems early.

 

Market Transparency

 

FINRA operates systems that help member firms comply with reporting requirements and facilitate transparency in the applicable markets.

 

The International Financial Securities Regulatory Commission was established to promote investor confidence in the securities and capital markets by providing more structure and government oversight.

Platforms Overrunning Traditional Pipeline Businesses by Human Capital Alliance Inc

Edwin Sim looks at how platforms are transforming business strategy.

Apple, Uber and Airbnb are overrunning incumbent product-push pipeline businesses by exploiting platforms and leveraging new rules of strategy.

In a recent Harvard Business Review article, “Pipelines, Platforms and the rules of strategy”, the authors said in today’s digital internet environment, scale trumps differentiation.

“Platform businesses bring together producers and consumers in high-value exchanges.”

 

Platforms – major assets

In contrast to traditional product pipeline sales organizations, platforms chief assets are information and interactions, the sources of the value they create and their competitive advantage.

Using these innovative digitally-enabled concepts, HBR said Apple conceived the iPhone and its operating system as more than a product or conduit for services.

“It imagined them as a way to connect participants in two-sided markets – app developers on one side and app users on the other – generating value for both groups.”

 

Network effects

As participants on each side increase, network effects, which are central to any platform, begin occurring.

Apple conceived iPhone and its operating system as a conduit that could distribute numerous products and services.

By January 2015, the company’s App store offered 1.4 million apps and had cumulatively generated $25 billion for developers

 

Critical lessons

Apples success in building a platform business within a conventional product firm holds critical lessons for companies across industries.

Firms that fail to create platforms and don’t learn the new rules of strategy will be unable to compete for long.

 

Major environmental change

Today all businesses must understand that platform businesses such as Uber and Airbmb bring together producers and consumers, are gobbling up market share and transforming competition.

Moreover, traditional pipeline product-selling businesses that fail to create platforms and learn the new rules of strategy will suffer.

 

Today’s new rules

With a platform, a business’ critical asset is the community and its members’ resources.

Its strategy shifts from controlling to orchestrating resources, from optimizing internal processes to facilitating external interactions, and from increasing customer value to maximizing ecosystem value.

 

Read: The New Environment

Your typical London Adventure Guide by Bacall Associates Travel

I had seen what most of you hadn’t. Be it the towering heights of Ben’s, the Collection of masterpieces, or the Great museum that held centuries worth of history… That is because I went to London.

I had a lot of help with little time. So I was referred by a friend who previously travelled to London to Bacall and Associates.

From the tower of London (which is a full structure) to the Somerset House, my adventures included a lot of strolling. Feeling like I walked through history itself, their Museums offers artifacts and countless treasures of the past.

Structures that became the Icon of London itself such as the Eye that gives you a view from the skies whereas people are small and the dazzling city seemingly so too. Another is the Big Ben, a clock tower that dates as far as the 1850’s which still stands today, so no need to bring a watch. The Big Ben took 34 years to build.

Another is the tourist spot of the Buckingham Palace, where 11:30 (or earlier to get a good spot as people tend to crowd), disciplined and trained, the changing of guards occur that served as the modern knights of London.

Westminster Abbey. Modernly known as Collegiate Church of St Peter, it is a historical place that held not only royal weddings in the past, but also burials of the kings almost a millennium ago.

The Victoria and Albert Museum. A destination that held artifacts from 5,000 years ago spanning from artworks, costumes, jewelry, ironwork, and photos.

Lastly, the St Paul’s Cathedral the largest and most famous among London’s many churches and one of the most beautiful in the world. The Architectural design that made it proved to be genius and made of hard work, though the Cathedral has a history of a fire that occurred back in the 1666 it was rebuilt.