A bicameral system is a system of government in which there are two legislative chambers, typically referred to as the upper house and the lower house. The bicameral system is often contrasted with the unicameral system, in which there is only one legislative chamber. The two chambers of the bicameral system typically have different roles … Read more
Market access refers to the ability of companies to sell their products and services in a given market. It is often determined by government regulations, trade agreements, and other factors. Market access can be a barrier to entry for companies looking to enter a new market. For example, if a country has high tariffs on … Read more
A stamp duty is a tax that is levied on certain documents in order to make them legally binding. The most common type of stamp duty is on property transactions, where the tax is levied on the transfer of ownership of a property. Stamp duty is also often levied on shares and other financial instruments. … Read more
The Australian Securities and Investments Commission (ASIC) is the corporate regulator in Australia. ASIC’s role is to enforce and regulate company and financial services laws to protect consumers, investors and creditors. ASIC is also responsible for maintaining and improving the integrity of the financial markets. ASIC was established on 1 July 1998 by the Australian … Read more
An administered price is a price that is set by the government or another regulatory body, rather than by the market. This can include things like taxes, tariffs, and other fees. The purpose of an administered price is to either raise revenue or to protect a particular industry. What can government do to reduce inflation? … Read more
The Securities and Futures Commission (SFC) is an independent statutory body set up to regulate the securities and futures markets in Hong Kong. It is also the regulator of the collective investment schemes industry. The SFC is funded by fees charged to those it regulates and does not receive any government funding. It is accountable … Read more
The term Uncle Sam is used to refer to the United States federal government or to the country itself. The origin of the term is unclear, but it is believed to have come into use during the War of 1812. One popular theory is that the term Uncle Sam was derived from the initials “U.S.” … Read more
The regulatory capture definition is the process by which special interests gain control of the regulatory process to further their own interests rather than the public interest. This often happens when regulators become too cozy with the industries they are supposed to be regulating. The result is that regulation ends up benefiting the regulated industries … Read more
According to the U.S. Securities and Exchange Commission (SEC), Regulation N is a set of rules that govern the offering and sale of securities by investment companies. These rules are designed to protect investors and to ensure that investment companies operate in a fair and transparent manner. The main provisions of Regulation N include requirements … Read more
The Dishonor Definition is the legal definition of what it means to be dishonored. This definition is important because it determines what actions can be taken against someone who is dishonored. The Dishonor Definition also sets out the consequences of being dishonored. What does it mean when you dishonor someone? When you dishonor someone, you … Read more
