Abstracts - faqs.org

Abstracts

Business

Search abstracts:
Abstracts » Business

The infant Third Market

Article Abstract:

A third securities market in London was founded in Jul 1987. The Third Market was intended to correct two deficiencies in unregulated, over-the-counter markets: restricted liquidity, and irresponsible stock introductions. Listing requirements are not strict, but rules governing sponsorship are. There must be at least two market-makers for each stock on the Third Market. The Third Market has not had the same degree of acceptance as the Unlisted Securities Market (USM). This may change as the quality of companies in the Third Market improves and the Third Market comes to be perceived as a specialist market, rather than a listing of weak companies. The advantages and disadvantages to listing on the Third Market are compared to those for the USM.

Author: Keeling, Damian
Publisher: Institute of Chartered Accountants in England & Wales
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
United Kingdom, Accounting and auditing, Stock-exchange, Stock exchanges, Securities

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Professional indemnity insurance regulations

Article Abstract:

The International Federation of Accountants suggests in a statement from its Institute that accountants take on indemnity insurance to at least the level of two and one-half times gross annual fee income, or 25 times their largest single fee, whichever is the larger. Other areas discussed include: authority and commencement, definitions, approved insurers, qualification for approval, prescribed professional indemnity insurance cover applications, qualifying insurance, minimum indemnity limits, practice mergers, cessation of practices, practices for which insurance is unavailable, constructive declinature, additional conditions for entry into assigned risk pools, maximum time allowed in a pool, and reporting.

Publisher: Institute of Chartered Accountants in England & Wales
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1988
Standards, Laws, regulations and rules, Accounting, Liability insurance, Insurance, International Federation of Accountants, Indemnity

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Similar abstracts:
  • Abstracts: Investment opportunities and market reaction to capital expenditure decisions. An empirical analysis of incremental capital structure decisions under managerial entrenchment
  • Abstracts: The Determinants of Default on Insured Conventional Residential Mortgage Loans. Fixed versus Variable Rate Loans
  • Abstracts: The determinants of brokerage fees in a competitive environment. The non-stationarity of share price volatility
  • Abstracts: On the optimal hedge of a nontraded cash position. Risk-based premiums for insurance guaranty funds
  • Abstracts: The effect of the production volume variance on absorption costing income. Pricing and indirect cost allocation - a note
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.
Some parts © 2025 Advameg, Inc.