The Gower Report - Self Regulation or Else?
Article Abstract:
A new regulatory system, designed for investor protection has been recommended in the United Kingdom by Professor L.C.B. Gower and so named, The Gower Report. Basically, it requires anyone who carries on investment business to be registered which may be done through membership in a self-regulatory agency. The new Investor Protection Act would be replacing the present Prevention of Fraud (Investments) Act of 1958. Under Gower's recommendations the government, through the Department of Trade and Industry, would only be involved with the agencies and individuals who register directly with the Department. The present Council for the Securities Industry would hopefully include members from the self- regulatory agencies to assure compliance with their pronouncements. Concern for upgrading professional standards and honesty is the purpose of the Report.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1984
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The end of the annual report?
Article Abstract:
Corporate financial reports are too aggregate in data presentation, are issued too infrequently, and are often based on unknown accounting procedures. The users of these documents are unsure what it is that they receive. It is proposed that companies start maintaining an events database for their financial activities. This database would essentially detail all financial transactions as they occur, and could be transmitted to users of corporate financial reports. Users could then assess how well or poorly a company is doing, and how the company conducts business. This would require an elaborate computer system between database producers and database users which might, in the beginning, exclude small investors and require some changes in fair reporting laws.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1987
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Picking PEPS for profit
Article Abstract:
Personal Equity Plans (PEPs) are intended to promote stock ownership by individuals. These plans, first introduced in 1986, allow tax-exempt investments in UK equities. The original PEP regulations were modified in the 1989 budget to permit unrestricted withdrawal of funds, while the 1991 budget modified the rules to allow investors to place up to 6,000 pounds sterling in General PEPs, Corporate PEPs, and the new Single Company PEPs.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1991
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