Distribution Investment Regulation

Author: Weltbank

Publisher:

ISBN: OCLC:1255468030

Category:

Page:

View: 125

The objective of this study is to identify the factors that need to be improved in the existing regulatory framework with respect to regulation of investments at the power distribution level. The study was initiated by the World Bank to inform the thinking of Public Services Regulatory Commission (PSRC) on further improvements that may be required in the process of preparation, review and approval of investments for power distribution company and some other incremental improvements in the regulatory framework for the power distribution. The primary aim of those improvements is to increase the efficiency of investments and clearly link those to the quality of electricity service for consumers. This link is currently not well-established, and the investment program submitted by the power distribution company does not clearly justify the relevant investments by the quantitative targets of electricity supply improvements. Additionally, there are some other inefficiencies in regulatory framework and end-user tariff structure. The study focuses exclusively on the investment planning, review, and approval issues related to power distribution company.
Distribution of Insurance-Based Investment Products

Author: Pierpaolo Marano

Publisher: Springer

ISBN: 9783030116682

Category: Law

Page: 258

View: 392

The book addresses a topic at the intersection of two heavily regulated sectors: insurance and investment services. Until recently, scholars and professionals have approached insurance and investment services as two separate categories in the financial services sector, and as being governed by separate regulatory frameworks. In practice, however, the boundaries were and are blurred, a reality that regulators have begun to recognize and address in their more recent regulatory texts. The first part of the book approaches the new standards applicable to investment products based on insurance: insurance-based investment products (IBIPs). These rules are harmonized across the EU. The rationale behind this new definition is provided, together with a description of these products’ limitations. The analysis addresses the new rules and explores the legal regime and relevant standards applicable to IBIPs. The organizational rules concerning the design and distribution of IBIPs are also examined, and the book highlights e.g. how these rules are inspired by the principles of conduct. In closing, the ADR systems are analysed, in order to ascertain whether or not they can offer an effective tool for settling disputes over these products. In turn, the second part focuses on the liability for distribution of IBIPs, which ranks as one of the most conspicuous and relatively new legal phenomena, but at the same time, represents an exceptionally important field of civil liability in today’s world. Liability is still regulated at the national level. Thus, the four largest life insurance markets in the EU are considered, along with the largest emerging market for life insurance. The chapters on national laws also consider whether, and if so, how the new harmonized rules on IBIPs are being combined with those already in force in the jurisdictions considered. The goal is to determine whether the new rules are likely to change the doctrine and case law approach to these products, or whether the European legislators’ choices have no real impact on the protection of clients.
Distribution Investment Regulation

Author: World Bank Group

Publisher:

ISBN: OCLC:1120902404

Category:

Page:

View: 453

The objective of this study is to identify the factors that need to be improved in the existing regulatory framework with respect to regulation of investments at the power distribution level. The study was initiated by the World Bank to inform the thinking of Public Services Regulatory Commission (PSRC) on further improvements that may be required in the process of preparation, review and approval of investments for power distribution company and some other incremental improvements in the regulatory framework for the power distribution. The primary aim of those improvements is to increase the efficiency of investments and clearly link those to the quality of electricity service for consumers. This link is currently not well-established, and the investment program submitted by the power distribution company does not clearly justify the relevant investments by the quantitative targets of electricity supply improvements. Additionally, there are some other inefficiencies in regulatory framework and end-user tariff structure. The study focuses exclusively on the investment planning, review, and approval issues related to power distribution company.
Hedge Fund Structure, Regulation, and Performance around the World

Author: Douglas Cumming

Publisher: Oxford University Press

ISBN: 9780199862573

Category: Business & Economics

Page: 256

View: 204

This book uses data from a multitude of countries to explain how and why hedge fund markets differ around the world. The authors consider international differences in hedge fund regulation which include, but are not limited to, minimum capitalization requirements, restrictions on the location of key service providers, and different permissible distribution channels via private placements, banks, other regulated or non-regulated financial intermediaries, wrappers, investment managers and fund distribution companies.
Practical Handbook for the Marketing of Foreign Investment Funds in Germany

Author: Kathrin Schmidt

Publisher: Diplomica Verlag

ISBN: 9783836686266

Category: Business & Economics

Page: 204

View: 841

This practical handbook gives a comprehensive legal overview of regulatory issues for non-German investment companies which intend to sell the units of their investment funds in Germany. It provides useful legal information for entering the German market. The authors explain the conditions in which non-German investment products come within the scope of the German Investment Act (regulated investment funds). This book assists the readers in distinguishing between the strict boundaries of private placements and the wider rules of public distribution. Readers are provided with a legal overview in relation to the private placement of regulated investment funds, including hedge funds. This book also deals with the notification of UCITS ('Undertakings for Collective Investment in Transferable Securities' which comply with the UCITS Directive 85/611/EEC) with the Bundesanstalt fr Finanzdienstleistungsaufsicht (BaFin) for public distribution in Germany, and sets out an investment company's regulatory reporting and information duties to German unitholders and the BaFin subsequent to a notification for public distribution. The authors explain distribution and marketing rules which apply to foreign regulated investment funds in Germany. They outline the licence requirements for foreign distributors. Consumer-related issues, such as rights of revocation, consumer information and prospectus liability are also covered. This handbook sets out the requirements for listing Exchange Traded Funds on a German stock exchange and deals with continuing listing obligations and the inclusion of foreign investment funds in stock exchange trading without the issuer's consent.