Financial services regulation literature review

Investor behaviour often deviates from logic and reason, and investors display many behaviour biases that influence their investment decision-making processes.

Financial services regulation literature review

Accredited investor shall mean any person who comes within any of the following categories, or who the issuer reasonably believes comes within any of the following categories, at the time of the sale of the securities to that person: A The person's primary residence shall not be included as an asset; B Indebtedness that is secured by Financial services regulation literature review person's primary residence, up to the estimated fair market value of the primary residence at the time of the sale of securities, shall not be included as a liability except that if the amount of such indebtedness outstanding at the time of sale of securities exceeds the amount outstanding 60 days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included as a liability ; and C Indebtedness that is secured by the person's primary residence in excess of the estimated fair market value of the primary residence at the time of the sale of securities shall be included as a liability; ii Paragraph a 5 i of this section will not apply to any calculation of a person's net worth made in connection with a purchase of securities in accordance with a right to purchase such securities, provided that: A Such right was held by the person on July 20, ; B The person qualified as an accredited investor on the basis of net worth at the time the person acquired such right; and C The person held securities of the same issuerother than such right, on July 20, An affiliate of, or person affiliated with, a specified person shall mean a person that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, the person specified.

Aggregate offering price shall mean the sum of all cash, services, property, notes, cancellation of debt, or other consideration to be received by an issuer for issuance of its securities.

Where securities are being offered for both cash and non-cash consideration, the aggregate offering price shall be based on the price at which the securities are offered for cash. Any portion of the aggregate offering price attributable to cash received in a foreign currency shall be translated into United States currency at the currency exchange rate in effect at a reasonable time prior to or on the date of the sale of the securities.

If securities are not offered for cash, the aggregate offering price shall be based on the value of the consideration as established by bona fide sales of that consideration made within a reasonable time, or, in the absence of sales, on the fair value as determined by an accepted standard.

Such valuations of non-cash consideration must be reasonable at the time made. Business combination shall mean any transaction of the type specified in paragraph a of Rule under the Act 17 CFR The issuer must satisfy all the other provisions of Regulation D for all purchasers whether or not they are included in calculating the number of purchasers.

Executive officer shall mean the president, any vice president in charge of a principal business unit, division or function such as sales, administration or financeany other officer who performs a policy making function, or any other person who performs similar policy making functions for the issuer.

Executive officers of subsidiaries may be deemed executive officers of the issuer if they perform such policy making functions for the issuer.

The definition of the term issuer in section 2 a 4 of the Act shall apply, except that in the case of a proceeding under the Federal Bankruptcy Code 11 U.

Financial services regulation literature review

Purchaser representative shall mean any person who satisfies all of the following conditions or who the issuer reasonably believes satisfies all of the following conditions: A person acting as a purchaser representative should consider the applicability of the registration and antifraud provisions relating to brokers and dealers under the Securities Exchange Act of Exchange Act 15 U.

The acknowledgment required by paragraph h 3 and the disclosure required by paragraph h 4 of this section must be made with specific reference to each prospective investment. Advance blanket acknowledgment, such as for all securities transactions or all private placements, is not sufficient.

Disclosure of any material relationships between the purchaser representative or his affiliates and the issuer or its affiliates does not relieve the purchaser representative of his obligation to act in the interest of the purchaser.

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.Yale Journal on Regulation Volume 31 Issue 3Yale Journal on Regulation Article 6 In this Article I review the literature on the conceptual and analytical Conference on Challenges in Global Financial Services, which took plance in September 20, in New Haven, Connecticut.

This paper explores current debates and trends in regulation and examines their relevance to the evolution of UK corporate governance codes of practice.

In particular, the paper explores frameworks drawn from the regulation of financial services, accounting and audit, and discusses whether there are. NIGERIA FINANCIAL SECTOR REVIEW (IN THREE VOLUMES) VOLUME 1: OVERVIEW AND MACRO-FINANCIAL ENVIRONMENT FSRCC Financial Sector Regulation Coordinating Committee credit and other financial services due to the underdevelopment of leasing, the.

Financial services regulation literature review

Reading about the Financial Crisis: A Twenty-One-Book Review by Andrew W. Lo. Published in volume 50, issue 1, pages of Journal of Economic Literature, March , Abstract: The recent financial crisis has generated many distinct perspectives from various quarters.

The financial reporting environment: Review of the recent literature - ScienceDirect

In this article, I review a. Regulation: Regulation, in government, rule or mechanism that limits, steers, or otherwise controls social behaviour. Regulation has a variety of meanings that are not reducible to a single concept.

In the field of public policy, regulation refers to the promulgation of targeted rules, typically accompanied by. Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed In the UK, the alternative term "financial capability" is used by the state and its agencies: the Financial Services "Construct validity of financial literacy", International Review of Economics Education, Elsevier.

Broadband investment and regulation: A literature review - ScienceDirect