Capital Market

Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts

October 31, 2018/US SEC AGENCY: Securities and Exchange Commission. ACTION: Proposed rule. SUMMARY: The Securities and Exchange Commission is proposing rule and form amendments that are intended to help investors make informed investment decisions regarding variable annuity and variable life insurance contracts. The proposal would modernize disclosures by using a […]

CSCS to Begin Cross-Border Data Exchange in Africa

October 29, 2018/Punch Feyisayo Popoola The Central Securities Clearing System Nigeria Plc has completed an innovative pilot scheme that will allow cross-border data exchange in Africa. The CSCS, in a statement on Thursday, said the scheme was an innovation of Tata Consultancy Services aimed to create a pan-African ecosystem using […]

Keynote Address – ICI Securities Law Developments Conference

October 25, 2018/US SEC Introduction Good morning. Thank you Susan [Olson], and thank you, all, for the opportunity to join you today.[1] Since I spoke with you last year, the Division has been busy on many fronts. This morning, I am going to focus on three of these: first, fund […]