Category: dpgfx

Manulife AM fined by Hong Kong regulator

Facebook LinkedIn Twitter James Langton Keywords Suitability obligationsCompanies Manulife Asset Management Share this article and your comments with peers on social media Investment dealers must own their mistakes, IIROC says Many firms fail to meet suitability requirements The SFC says that its findings focus on the firm’s systems and processes for understanding its customers’ financial situation, investment experience, and investment objectives. It reports that the firm failed to properly collect this information from all its clients. “Together with concerns about the quality and extent of Manulife Asset Management’s record-keeping, these failures have jeopardized Manulife Asset Management’s capacity to ensure that recommended securities are suitable for each customer,” it notes. The SFC adds that despite these failures, no customers have complained about the performance or suitability of the fund, and there has been no default in any of the sub-funds of the Manulife Global Fund. Moreover, it says Manulife Asset Management “has a clean record and has co-operated with the SFC in resolving this matter, including agreeing to conduct an independent review of its distribution system for funds and to enhance its complaint handling procedures to resolve, in a fair and reasonable manner, all client complaints arisen from this matter.” “Intermediaries are obliged to ensure a product which they recommend is suitable for the customer. This cannot be done in a vacuum and is only effective if it is based on accurate, up-to-date information about the customer’s financial situation, needs and objectives. Manulife Asset Management failed to implement proper processes to comply with this most basic obligation for intermediaries,” says the SFC’s executive director of enforcement, Mark Steward. Regulators in Hong Kong have sanctioned Manulife Asset Management for internal control failings that they say comprised investor suitability assessments. The Securities and Futures Commission (SFC) announced today that it has reprimanded Manulife Asset Management (Hong Kong) Ltd., and fined it HK$24 million ($3.2 million), for inadequate internal controls in relation to the distribution of Manulife Global Fund from 2007 to 2012. It says that the decision follows an SFC investigation into the distribution of the fund which found “a number of serious deficiencies in the way the Manulife Global Fund was distributed”. Related news New MFDA paper provides guidance on suitability read more

OSC to consider settlement with former firm head

first_img Facebook LinkedIn Twitter Keywords ComplianceCompanies Ontario Securities Commission Regulators aim to root out pandemic-driven liquidity issues Conflicts, crypto, cyber risk: the year ahead in compliance According to the OSC’s allegations, compliance reviews of the firms in 2011 uncovered a number of deficiencies and compliance issues. Among other things, it says that it found instances of inadequate supervision of personal trading and inappropriate personal trading; and, insufficient supervision of compliance activities, which, the OSC says amounts to conduct contrary to the public interest. In particular, the commission alleges that no one ensured that: employees were properly registered; it was performing adequate due diligence; sufficient know your client information was collected for all clients, or that they met their suitability obligations; conflicts were identified and properly managed; and, that net asset value calculations for the funds managed was computed correctly; among other shortcomings. The allegations have not been proven. Any penalties agreed in the case will be revealed only if the commission approves the proposed settlement. Related newscenter_img Share this article and your comments with peers on social media James Langton The Ontario Securities Commission (OSC) is to consider a proposed settlement with the former head of a collection of firms in the flow-through limited partnership business. The OSC will hold hearing tomorrow, Feb. 27, to consider whether to approve a settlement agreement between staff of the commission and Joe Dwek, who headed portfolio manager, Pathway Investment Counsel Inc.; fund manager, MineralFields Management Inc.; and, an exempt market dealer, Limited Market Dealer Inc. — firms that were involved in the distribution and management of flow-through limited partnerships that invested primarily in junior Canadian resource issuers through private placements — between 2002 and 2012. The assets of the three firms was acquired by Marquest Asset Management Inc. in Oct. 2012. SEC examines rules for inter-fund tradinglast_img read more

CSA proposes significant changes to rights offering regime

first_img At the same time, the regulators are also proposing to introduce civil liability for that disclosure. And, they are proposing to introduce what they say is a “more user-friendly” rights offering circular. The proposed amendments would also do away with the prospectus exemption for rights offerings by non-reporting issuers. “Although rights offerings can be one of the fairest ways for issuers to raise capital, in that they allow all existing investors to participate on a pro rata basis, they are seldom used because of the time and costs associated with them,” said Bill Rice, chair of the CSA and chair and CEO of the Alberta Securities Commission (ASC). “The proposed exemption is designed to make rights offerings more attractive to reporting issuers by decreasing both the time and costs involved.” The proposals are out for comment until Feb. 25, 2015. In a move designed to boost the use of rights offerings as a way for public companies to raise capital, Canadian securities regulators are proposing sweeping changes to the rules that govern these sorts of deals. The Canadian Securities Administrators (CSA) Thursday published proposed rule amendments that aim to create a streamlined prospectus exemption for rights offerings by reporting issuers. Among other things, the CSA is proposing to scrap the current regulatory review process that’s required for rights offering circulars, saying that “this will significantly decrease the amount of time it takes to conduct an offering.” Companies Canadian Securities Administrators Facebook LinkedIn Twittercenter_img Share this article and your comments with peers on social media James Langton last_img read more

Henry Wilson Reports Significant Progress in Early Childhood Education

first_imgRelatedHenry Wilson Reports Significant Progress in Early Childhood Education Advertisements RelatedHenry Wilson Reports Significant Progress in Early Childhood Education Henry Wilson Reports Significant Progress in Early Childhood Education UncategorizedDecember 11, 2006center_img FacebookTwitterWhatsAppEmail Minister of Education and Youth, Maxine Henry Wilson, has said that Jamaica has made significant process in improving the quality of care and instruction provided by early childhood institutions.Mrs. Henry Wilson, who was speaking at the Caribbean launch of the United Nations Educational, Scientific and Cultural Organization’s (UNESCO) Education for All Global Monitoring Report 2007, recently at the Hilton Kingston, cited the establishment of the Early Childhood Commission as one effort by the government to improve the quality of education at the early childhood level.“This Commission,” she said, “was established in 2003 to monitor, co-ordinate and oversee all early childhood institutions in Jamaica. This is in recognition that a child’s experience after birth, particularly in those critical first two years of life, sets the stage for just about every function of that child in adulthood and builds the foundation for achieving the child’s full potential in all areas.” According to the Education Minister, the Commission was in the process of streamlining early childhood programmes and services, and setting standards for all early childhood facilities nationally, whether private or public.She noted further, that as part of the thrust to improve the quality of early childhood education, the government had piloted the registration of early childhood institutions, to ensure that these facilities met minimum standards in the areas of staff qualification and training, programmes for children, behaviour management, physical facilities, health, safety and nutrition.“There is no register of early childhood institutions but we have actually piloted the registration process and we are in train to have a national registration done. This will then allow us to set the kind of baseline in terms of improvement in physical facilities and so on,” she explained.The UNESCO report titled: ‘Strong Foundations,’ focuses on early childhood care and education and evaluates countries’ provisions of such services especially for vulnerable children.The document presents a comparative country assessment of participation in pre-school education as well as financing for early childhood programmes, and assesses the progress of 125 countries towards achieving the Education for All goals by 2015, which include achieving universal primary education, equitable access to learning, improved adult literacy, the elimination of gender inequalities in education and improved quality of education.Based on the report, the Caribbean and Latin America have made significant progress in improving the accessibility of education for its citizens. Barbados, Trinidad and Tobago, Netherland Antilles and Cuba, were ranked highly in terms of being close to achieving the goals, while St. Lucia, Jamaica, Bahamas and Dominican Republic were ranked in the middle.Mrs. Henry Wilson expressed confidence that Jamaica would be able to meet the Education for All goals by 2015. She noted that 96 per cent of the nation’s children, between ages three and five, were registered in some type of early childhood education.She however pointed to the need for financial and technical support from international development groups, to assist those countries that were falling behind.“If these goals are to be achieved by 2015, there needs to be equal commitment on the part of international development partners to increase their financial and technical support to those countries that are lagging behind,” she stated.Education for All, adopted at the World Education Forum held in Dakar in April 2000, aims to achieve six goals to provide quality basic education for all children, young people and adults by 2015. Each year, the Education for All Global Monitoring Report examines where the world stands on its commitments. RelatedHenry Wilson Reports Significant Progress in Early Childhood Educationlast_img read more

2006 Best Financial Year – Dr. Davies

first_imgRelated2006 Best Financial Year – Dr. Davies 2006 Best Financial Year – Dr. Davies UncategorizedJanuary 12, 2007 Related2006 Best Financial Year – Dr. Davies FacebookTwitterWhatsAppEmail Minister of Finance and Planning, Dr. Omar Davies, has said that the 2006 financial year was the best in his 14 years as head of the Ministry.Minister Davies, who spoke to JIS News at the opening of the Jamaica Stock Exchange Investments and Capital Markets conference in Montego Bay on January 10, credited the success to prudent government policies over the years, which have begun to bear fruit “I feel very gratified about the way in which the economy is performing,” he stated.“Inflation this year is going to be about six per cent or under, interest rates are coming down,” he added, while making mention of increased foreign direct investment, particularly in the tourism sector.He noted that focus would now be placed on extending the economic growth to more small and medium-sized enterprises.Turning to the three-day conference, Dr. Davies said the event was another step in highlighting investment opportunities in the country.With the regional scope of the conference, the Finance Minister said that events of this nature would help to enhance regional integration.“We are working towards a single market and a single economy, we need to sit with each other on nitty-gritty issues, we need to find ways of stimulating greater cross border trading,” he stated.center_img Related2006 Best Financial Year – Dr. Davies Advertisementslast_img read more

Fremantle International Street Arts Festival cancelled for 2021

first_imgFremantle International Street Arts Festival cancelled for 2021 Due to the continuing COVID-19 pandemic, the City of Fremantle has made the difficult decision to cancel the 2021 Fremantle International Street Arts Festival (FISAF).Although the event has been under consideration for some time, the final decision comes in light of the current health regulations and advice from the Department of Health. With FISAF attracting more than 100,000 people to Fremantle over the Easter long weekend, the event is deemed high risk.Unfortunately, events of this scale and complexity do not currently meet the requirements of the public health principles listed in the COVID Event Guidelines and are not possible at this time.Kathryn Taylor, Manager of Arts and Culture at the City of Fremantle said the pandemic has challenged the events industry to adapt and pivot to enable delivery in these unprecedented times.“FISAF is a much-loved festival and we share in the disappointment that this cancellation brings. The festival team are working on developing projects that will provide the opportunity to celebrate Fremantle, without compromising public safety and we look forward to sharing these details in due course,” Ms Taylor said.Within the current government guidelines, smaller events are still viable, and as such, the City of Fremantle is also working towards delivering a series of events as part of the Heritage Festival (April/May) and Fremantle Festival: 10 Nights in Port (July). /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Arts, City of Fremantle, coronavirus, covid-19, culture, Department of Health, Easter, festival, Fremantle, Government, health, industry, local council, meet, pandemic, public health, Safety, Western Australialast_img read more

3 things to do over spring break to land a summer internship or job

first_imgShare Share via TwitterShare via FacebookShare via Google PlusShare via LinkedInShare via E-mail View all career fairs and eventsLooking for a summer internship or a full-time job after graduation? Spring break is a great time to make progress on your search. Here are three things to do this month to help you land an internship or job.Work on your resume and cover lettersSpring break can be a great opportunity to fine-tune your resume. Read over your document and see if there are areas that could be improved. Are there stronger action words you could use to describe your experience? Is there a different design or template you could try so all of the content fits on one page? If you don’t have a resume yet, get started with these tips to help create a memorable one.If you’ll be applying for jobs or internships over spring break, spend time adjusting your resume and cover letter so they are tailored for each application. Highlight specific experiences that are applicable to the position, and use keywords from the job description to help your application materials stand out. You can also make a Zoom or phone appointment with a career development advisor to have your resume reviewed and get more tips.Connect with professionalsWhether you’re at home or in the Boulder area, consider setting up some informational phone interviews over spring break. This is a great way to learn about potential career paths and different industries.Start with researching different companies or organizations that you’d like to know more about. You can also check the CU Boulder alumni network on LinkedIn to begin connecting with professionals. When you reach out to someone to set up an informational interview, tell them you are researching their field or company and hoping to learn more about their experience.While it may be tempting to ask questions over email, you should try to schedule a 20-30 minute phone call instead. In addition to building your network and getting a better idea of what a specific job or company looks like, a phone call can help you practice talking with other professionals and is an easier way to ask follow-up questions.Volunteer at a local organizationAnother way to spend part of your spring break is by volunteering. Not only can it be rewarding to give back to our community, but your volunteer experience can also be added to your resume.When it comes to volunteering, there’s something for everyone. From working with animals to politics to the environment, there are plenty of opportunities to match your interests and your area of study. Connect with the Volunteer Resource Center (VRC) to get started. They have a database of nonprofit organizations in the Boulder area you can browse to find opportunities locally. If you’re heading home over spring break, research local non-profits in your area to see what volunteer opportunities are available.For more tips to help you in your internship and job search, connect with a career development advisor.last_img read more

Sakra World Hospital launches shoulder care centre

first_img Menopause to become the next game-changer in global femtech solutions industry by 2025 Read Article Add Comment Related Posts MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” News Share The centre will offer advanced surgeries for shoulder and upper limbSakra World Hospital has opened its shoulder centre in Bengaluru. The centre will offer advanced surgeries for shoulder and upper limb. It is equipped with highly specialised team and will cater to sports injuries from various sporting bodies and organisations and non-sporting shoulder injuries from patients across India. This centre of excellence is spearheaded by Dr Banarji BH, Senior Consultant, Department of Orthopaedics, Sakra World Hospital.The centre offers routine surgical procedures including endoscopic reconstructive procedures, reconstruction of ligaments, shoulder stabilisation procedures and shoulder and total elbow joint replacement; unique surgical procedures consisting of Arthroscopic AC Joint Repair, Arthroscopic Suprascapular nerve decompression, Arthroscopic Transosseous Rotator Cuff Repair. The centre is equipped with computer navigation system, intraoperative CT scan, high definition cameras, arthroscopic equipment for performing technically challenging procedures, cutting edge imaging technologies and a skeletomuscular rehabilitation facility spanning 7,000 sq ft.The Sakra Shoulder Centre was inaugurated by the Professional Armwrestling League President Igor Mazurenko from Poland. It was launched during the occasion of the ongoing Unified Ranking of Professional Athletes (URPA) World Ranking Series, organised by Bulldog Arm-wrestling and Professional Arm-wrestling League (PAL). Sakra World Hospital launches shoulder care centre WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Comments (0) BengaluruDr Banarji BHSakra World Hospital Phoenix Business Consulting invests in telehealth platform Healpha By EH News Bureau on March 18, 2019 The missing informal workers in India’s vaccine story Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care applast_img read more

Dramatic rise in number of patients awaiting outpatient procedures at LUH

first_imgHomepage BannerNews Facebook Twitter WhatsApp Twitter RELATED ARTICLESMORE FROM AUTHOR Google+ WhatsApp Serious concern has been raised after what’s been described as a dramatic increase in the number of patients awaiting outpatient procedures at Letterkenny University Hospital.Figures show that as of the end of August, the overall number of patients awaiting treatment at the hospital has risen by more than one thousand compared to patient numbers at the start of the year.The data is contained in the latest publication from the National Treatment Purchase Fund.Donegal Senator Padraig Mac Lochlainn says it’s clear that the Government is not tackling the ‘crisis’:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/09/padluh.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Important message for people attending LUH’s INR clinic News, Sport and Obituaries on Monday May 24th Pinterestcenter_img Facebook DL Debate – 24/05/21 Journey home will be easier – Paul Hegarty By News Highland – September 13, 2017 Dramatic rise in number of patients awaiting outpatient procedures at LUH Harps come back to win in Waterford Previous articleNew Euro parliament seats may be used for NI based Irish citizens – HarkinNext articlePeople may have to work until they’re 70 for state pension News Highland Pinterest Google+ Arranmore progress and potential flagged as population growslast_img read more

Coaches fume at yellow cards

first_img Published on February 23, 2020 ‘ Coaches fume at yellow cards ‘ AlphaCuteOprah’s New House Cost $90 Million, And This Is What It Looks LikeAlphaCute|SponsoredSponsoredUndo Posted in Bulls, Stormers, Super Rugby, Top headlines Tagged Bulls, Stormers, Super Rugby Watch: I wanted to rip Jean’s head off – Jaque FourieSA Rugby MagUndo Bulls’ captain Burger Odendaal makes a tackle ‘ ‘center_img World Cup-winning Bok quartet in Eddie Jones’ all-time XVMaverick coach Eddie Jones has named his Test dream team made up of players he has worked with throughout his illustrious career.SA Rugby MagUndoLoans | Search AdsLooking for loan in Hong Kong? Find options hereLoans | Search Ads|SponsoredSponsoredUndoCNAHow is life for Cambodian boy linguist after viral fame?CNA|SponsoredSponsoredUndo贷款| 搜索广告在香港獲得貸款可能比您想的要容易贷款| 搜索广告|SponsoredSponsoredUndoShop Bras Online | Search AdsBrilliant Bra and Panty Sets (take a look)Shop Bras Online | Search Ads|SponsoredSponsoredUndo熱門話題對肚腩脂肪感到後悔!試了在萬寧賣的這個後…熱門話題|SponsoredSponsoredUndo Vodacom Bulls coach Pote Human and Stormers coach John Dobson both expressed their disappointment at having players sent to the sin bin in their respective matches on Saturday. DYLAN JACK reports.There was plenty of talk in the buildup to this weekend’s fixtures about South African referees favouring the home side in terms of penalty count when in charge of matches involving overseas opponents.A ‘study’ published on a forum of Australian website Green and Gold Rugby found that South African referees in control of matches against non-South African opponents had awarded the home sides 159 more penalties than the away sides since 2017. Sanzaar has disputed the statistic.ALSO READ: Aussie franchises want referees reviewThe officiating around legal tackles has also been a talking point in the early rounds of the 2020 Vodacom Super Rugby season, as despite a clear framework developed by World Rugby, there is clearly frustration from coaches and players over the interpretation of dangerous tackles.In their respective matches against the Blues and Jaguares, the Bulls and Stormers had players harshly yellow-carded by South African referees.In their narrow loss to the Blues in Pretoria, the Bulls lost both lock Andries Ferreira and captain Burger Odendaal to the sin bin. Ferreira was yellow-carded for repeated infringements, while Odendaal saw yellow for a dangerous tackle, a decision which seemed rather harsh in retrospect.Speaking after the game, Human said he felt it was a good tackle, given that the Blues player had also ducked into it.‘I thought it was a really tough call,’ Human said. ‘I really thought he went down and the player ducked into the tackle. It was a great tackle. Nobody was injured or anything.‘It was a tough one on us. It is difficult, the referee is the sole judge, so you have to respect that and play accordingly.’As if to add to the confusion around the interpretation of dangerous tackles, Odendaal added that he felt he was lucky not to have seen red.‘In the moment I felt it was fine,’ the centre said. ‘As soon as I saw the replay and I had made contact with his head, I knew I was in trouble. In the end, they wanted to give me a red card, but because he ducked down they changed it to a yellow. So, basically, I can just say that I am happy to have got a yellow.’Watch the full press conference:Meanwhile, in the first half of their win against the Jaguares at Newlands, the Stormers lost tighthead prop Frans Malherbe to the sin bin for a tackle that was also deemed to be dangerous due to contact on the head.Dobson was vocal about his disappointment in the decision and added that he would consider appealing it to get it taken off Malherbe’s record.‘We actually started laughing in the box,’ Dobson said. ‘Because we heard this jargon in the World Cup – “mitigating factor”. Frans has hit the bloke’s leg. I know there is contact on the head. And Frans’ arm is coming round.‘We certainly will look at that. It was more dangerous for Frans. I thought it was a tough one, but we handled it well.’Watch the full press conference:Photo: Christiaan Kotze/AFP GoGoPeak10 Most Beautiful Cities You Should Visit Once In Your LifetimeGoGoPeak|SponsoredSponsoredUndo  4273  84 Shop Bras Online | Search AdsTake a Look at These Bra and Panty SetsShop Bras Online | Search Ads|SponsoredSponsoredUndo ‘ Post by Dylan Jack ‘ 熱門話題不要被酵素騙了!在萬寧賣的「這個」直接針對脂肪…熱門話題|SponsoredSponsoredUndoAaron Smith names South African as greatest World Cup scrumhalfSA Rugby MagUndoJapan-based Kiwi player: I hope to never experience this againSA Rugby MagUndoLife Exact BrazilGrace Jones Is Now 72 Years Old, This Is Her NowLife Exact Brazil|SponsoredSponsoredUndolast_img read more