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The TOKYO PRO-BOND Market
12 April 2012
Publication
End of March 2012 saw the first programme listing on the TOKYO PRO-BOND Market, a new professional debt securities market that was established by TOKYO AIM in May 2011, with a draw-down bond issue listing under the programme taking place in mid-April 2012. ...
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Samurai Bonds
22 March 2012
Publication
Non-Japanese issuers entering the Japanese debt capital markets have a variety of funding options, one of which is issuing Japanese Yen denominated "Samurai Bonds". Appetite for Samurai Bonds remains strong and the public Japanese Yen market continues...
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Material changes in Dutch Securities Book-Entry Transfer Act
22 February 2011
Publication
On 1 January 2011 material amendments to the Securities Book-Entry Transfer Act (Wet giraal effectenverkeer; "WGE") came into force. The WGE deals with the holding and transferring of securities held through intermediaries. The WGE constitutes a legal...
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New Dutch regulation may discourage cross-border securities offerings into the Netherlands
30 June 2011
Publication
The mandatory use of a new Dutch standardised exemption warning on offering materials could prove to have considerable impact on exempt offerings of securities in the Netherlands.
Despite widespread concerns, the AFM introduces the requirement to include a "health...
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Changes to the regulation of preferred securities (participaciones preferentes)
3 May 2011
Publication
Changes to the regulation of preferred securities.
Entry into force and transitory regime
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Update: New Information and Disclosure Requirements for Banks in Relation to Spread Ladder Swaps - May 2011
19 May 2011
Publication
On 22 March 2011, Germany's highest court in civil matters, the Bundesgerichtshof (BGH) decided on certain information and disclosure requirements for banks in the context of CMS Spread Ladder Swaps. Our newsletter dated March 2011 has already summarised certain...
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Cambios en la regulación de las participaciones preferentes
19 April 2011
Publication
Modificación del régimen para la computabilidad de las participaciones preferentes
Entrada en vigor y régimen transitorio
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Neuerungen für Immobilienfonds - September 2010
17 February 2011
Publication
Anlässlich des neulich veröffentlichen Regierungsentwurfs eines Gesetzes zur Stärkung des Anlegerschutzes und Verbesserung der Funktionsfähigkeit des Kapitalmarkts haben wir einen neuen Newsletter "Neuerungen für Immobilienfonds"...
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Changes for Real Estate Funds - February 2011
1 March 2011
Publication
The German Government has passed the draft act on the strengthening of investors' protection and enhancing the efficiency of capital markets (Gesetz zur Stärkung des Anlegerschutzes und Verbesserung der Funktionsfähigkeit des Kapitalmarkts, AnsFuG) and...
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Changes for Real Estate Funds - February 2011
1 March 2011
Publication
The German Government has passed the draft act on the strengthening of investors' protection and enhancing the efficiency of capital markets (Gesetz zur Stärkung des Anlegerschutzes und Verbesserung der Funktionsfähigkeit des Kapitalmarkts, AnsFuG) and...