[Special Issue – October 2012] Regulating Kenya’s Securities Markets: An Assessment of the Capital Markets Authority’s Enforcement Jurisprudence Dr. Jacob K. Gakeri Senior Lecturer School of Law‚ University of Nairobi Kenya Box 30197 Nairobi‚ 0010 GPO Kenya. Abstract The importance of an optimal regulatory and enforcement matrix in enhancing securities markets cannot be overemphasized. Countries with deep and vibrant securities markets generally have effective regulatory and enforcement philosophies
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I. BACKGROUND – SECURITIES MARKETS AND REGULATION A. The Basics 1. Two types of securities transactions: a. Primary market transactions – issuer sells securities to marketplace b. Secondary market transaction – between two outside investors 2. How we protect consumers: a. Disclosure b. Process rule c. Bans d. Education e. Intermediaries ( profit-driven incentive to ensure quality 3. What is different
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ALTERNATIVE MARKET STRUCTURES It is traditional to divide industries to categories according to the degree of competition that exists between the firms within the industry. There are four such categories. At one extreme is perfect competition‚ where there are many firms competing. Each firm is so small relative to the whole industry that it has no market power to influence price. It is a price taker. At the other extreme is monopoly‚ where there is just one firm in the industry‚ and hence no competition
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Business Incubation System in Israel Table of Contents * Introduction * Present Condition & Functions * Funding Structure * Venture Capital * Innovation Ecosystem * KORIL-RDF * Cases Introduction In the early 1990s‚ the Israel government created a technological business incubator program to leverage the strength of approximately 750‚000 scientists‚ engineers‚ and physicians who had just arrived from former USSR. Israel’s Office of the Chief
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If the firm puts up its price‚ will it lose (a) all its sales (a horizontal demand curve)‚ or (b) a large proportion of its sales (a relatively elastic demand curve)‚ or (c) just a small proportion of its sales (a inelastic demand curve)? • The market structure under which a firm operates will determine its behavior. Firms under perfect competition will behave quite differently from firms which are monopolists‚ which will behave differently again from firms under oligopoly or monopolistic competition
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Self-Regulation in Securities Markets John Carson Public Disclosure Authorized Public Disclosure Authorized The World Bank Financial and Private Sector Development Global Capital Markets Department Securities Markets Group January 2011 Policy Research Working Paper 554 Abstract This paper canvasses the trends in self-regulation and the role of self-regulation in securities markets in different parts of the world. The paper also describes the conditions in which self-regulation might
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Exam Number: Word Count: 1961 MSc in Finance & Management Programme 2012/2013 Financial Markets‚ Regulation and Ethics Term 2 Ethics in Finance This assessment is all my own work and conforms to the University’s regulations on plagiarism | | An identical copy of this document has been submitted to the Turnitin system | | Hoople Consultants has won a contract to provide engineering advice and support to a city in a developing country. The contract is funded by an international
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together a booklet entitled “Introduction to Market-Based Management.” This booklet unfolds the secret to managerial success in a changing economy. As the authors believe organizational success is no longer found in a command-based management but instead with a more liberating market-based structure. Changing from a hierarchal leadership structure takes hard work and an open mind but the end results is fulfilling to employees as well as management. The market system is broken up into six key elements
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Twenty First Century Management Practices Assignment for Course: MGT 5012 Twenty First Century Management Practices Submitted to: Submitted by: Date of Submission: Title of Assignment: January 27‚ 2013 Market Based Management CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which
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Market based environmentalism is a term which concentrates on the attainment of protection of the environment by means of freely operating markets (Bruekner 2010‚ 61). Market based environmental policy approaches help promote both environmentalism and competitiveness by putting emphasis on the positive results rather than on the technologies (Bruekner 2010‚ 62). This essay shall explain the advantages and weaknesses of natural step and natural capitalism and why they are considered as market-based
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