The government will change the current operation mechanism of sports industry in China, for example, it encourages professionalizing sports events including setting up professional sports leagues, improving corporate governance structure of sports clubs, as well as establishing modern enterprise system in this sector; … [Read more...] about State Council Issues Guideline to Boost China’s Sports Industry
Preferential issue in primary market
Firstly, that sale of shares between the members of the promoter group within six months prior to the preferential issue would disqualify the entire promoter group from participating the in preferential issue (hereinafter referred to as “pre-issue lock in”); and Secondly, that gift of shares by a member of the promoter group to another promoter / promoter group member within six months prior to the preferential issue would be treated as a ‘sale’and would therefore, disqualify the entire promoter group from participating the in preferential issue.To better understand the first proposition (A), we may refer to the source of the regulations to get a deeper insight into the legislative intent behind stipulating the lock-in requirements. In December, 2003,SEBI had put up on a note on its website for seeking public comments on the recommendations of the Primary Market Advisory Committee (“PMAC”) for certain proposed amendments to Preferential Allotment … [Read more...] about Informal Guidance or Informal Ordinance?
Registration Required for Certain Proprietary Trading FirmsUnder existing CFTC rules, persons who engage only in proprietary trading are not required to register with the CFTC unless they trade for their own account in or around a trading pit at a DCM, in which case they are required to register as a floor trader. The proposed rules would amend the definition of “floor trader” to include persons who trade commodity interests at a DCM for their own account by using Direct Electronic Access. “Direct Electronic Access” is defined in the proposal as an arrangement where a person transmits an order electronically to a DCM, without the order first being routed through a clearing FCM. … [Read more...] about CFTC Proposes Algorithmic Trading Regulations for Exchanges, FCMs, and Proprietary Traders
2. Pharmacodynamic studies (Phase I study): Comparative, parallel or cross-over, pharmacodynamic (PD) studies in the most relevant population (patients or healthy volunteers) is required for the purpose of detecting differences between the reference biologic and similar biologic. If a PD marker is available in healthy volunteers, PD in healthy volunteers can be done. Comparative PD studies are recommended when the PD properties of the reference biologic are well characterized with at least one PD marker being linked to the efficacy of the molecule. The relationship between dose/exposure, the relevant PD marker(s) and response/efficacy of the reference biologic should be well established and used to justify the design. The parameters investigated in PD studies should be clinically relevant and surrogate markers should be clinically validated. PD studies may be combined with PK studies provided that the PK/PD relationship is characterized. Finally, a PD study can be part of a … [Read more...] about An Overview of Biosimilars and the Biosimilar Pathway in India
SecurityIn addition to multilateral resolutions, the United States has internal legislation regarding aviation security. Among other procedures, screening of passengers and baggage for weapons is authorised and background checks for airline and airport employees and deployment of bomb detection technology for baggage are required. In 2002 the Homeland Security Act consolidated 22 agencies, including the Transportation Security Administration, into the Department of Homeland Security. The Department of Homeland Security is responsible for transportation security, customs, immigration and agricultural inspections. X-ray and metal detector devices are used at security checkpoints and there are detailed requirements for security personnel. … [Read more...] about Regulation of Aviation Operations