MX consults on investigative powers

first_img Mouth mechanic turned market manipulator Related news Share this article and your comments with peers on social media tax inspector investigating financial documents through magnifying glass, forensic accounting or financial forensics, inspecting offshore company financial papers, documents and reports. 123RF The Bourse de Montréal Inc. (MX) is launching a consultation on rule changes that aim to more clearly set out its investigative process.The exchange’s regulatory division has published a set of proposals designed to improve the fairness, efficiency and transparency of its investigations by spelling out its procedures directly in the rules. BFI investors plead for firm’s sale Among other things, the proposals set out the powers of the regulatory division when conducting an investigation. They also detail the rights and obligations of the anyone who receives an information request as part of a regulatory investigation.Currently, the rules include provisions that enumerate some of the regulatory division’s powers and cover the general obligations of respondents during an investigation.The MX said that it has received questions from the industry seeking clarity on these issues, so it’s now seeking to detail them more clearly.The proposals are out for comment until July 31. James Langton Keywords EnforcementCompanies Montreal Exchange PwC alleges deleted emails, unusual transactions in Bridging Finance case Facebook LinkedIn Twitterlast_img read more

Government to Step up Strategies to Further Reduce Crime

first_imgFacebookTwitterWhatsAppEmail KINGSTON — National Security Minister, Senator the Hon. Dwight Nelson, has assured that the Government will be stepping up its strategies to further reduce the incidence of crime and violence islandwide. Speaking at a press conference at the Ministry’s New Kingston offices on October 10, to announce expanded financial support for the Citizen Security and Justice Programme (CSJP), Mr. Nelson said the administration is “encouraged” by the results of the crime fighting initiatives implemented, particularly over the last 17 months, which has seen a decline in offences committed, particularly murders. “We intend to step up our strategies and our approaches,” the Minister said, while noting that other initiatives are being pursued. These, he said, include: anti-gang legislation; efforts at making the process of arrests and convictions more scientifically efficient; promulgation of DNA legislation, to facilitate more forensic evidence in court, thereby enhancing the likelihood of convictions. Additionally, the Minister pointed out that legislation is being pursued to facilitate video evidence in court, adding that, “we are looking at a number of legislation, which will make the whole process of attacking crime more efficient.” Visiting United Kingdom (UK) State Minister for International Development, Alan Duncan, who also attended the press conference, commended the government’s crime fighting efforts and the resulting reduction in crimes, particularly murders. “We in the United Kingdom are going to continue to support the government in its ongoing efforts to tackle crime and corruption. The progress made so far is impressive, and we will continue to provide support to ensure that this progress continues,” Mr. Duncan assured. Mr. Duncan, who is in the island for a three-day working visit, also announced plans by the UK government to disburse an additional £7.25 million to the CSJP over the next three years. This input will underpin expansion of the CSJP into 11 additional communities in eight parishes islandwide, deemed to be seriously impacted by crime and violence. The expansion, to be jointly effected in collaboration with the Inter-American Development Bank (IDB), which funded the first phase of the CSJP, will see the number of beneficiary communities increasing to 50 over the three-year period. The money, he informed, is part of a nearly £75 million allocation in the UK government’s support for the Caribbean over the three-year period. “We in the UK, and through the Department (for International Development), are seriously committed to Jamaica, and the Caribbean, in general, and we are very pleased to be continuing with our programmes and our close relationship,” Mr. Duncan said. RelatedGovernment to Step up Strategies to Further Reduce Crime RelatedGovernment to Step up Strategies to Further Reduce Crime By Douglas Mcintosh, JIS Reporter RelatedGovernment to Step up Strategies to Further Reduce Crime Government to Step up Strategies to Further Reduce Crime National SecurityOctober 11, 2011 Advertisementslast_img read more

U.S., Canada Reveal New Oil Train Regulations

first_img Email Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. In an effort to prevent explosive oil train wrecks, United States and Canadian regulators are requiring railroads to use tougher tank cars and install enhanced braking systems.On May 1, transportation officials from both sides of the border gathered in Washington, D.C. to announce a sweeping set of regulations for oil trains across the continent. The new rules follow a series of explosive accidents and come nearly two years after an oil train derailed and exploded in Quebec, killing 47 people and leveling 30 buildings.BNSF Railway runs 11 to 16 oil trains a week through Northwest Montana along the boundary of Glacier National Park and along Whitefish Lake, according to information released by the state of Montana.“These new interdependent regulations will improve safety,” said U.S. Transportation Secretary Anthony Foxx at a press conference with his Canadian counterpart, Minister of Transport Lisa Raitt. “These rules will make the transporting of oil-by-rail safer than it is today.”The number of trains moving crude oil in North America has rapidly increased in recent years due to the Bakken oil boom in North Dakota. In 2008, Class 1 railroads, which include the largest rail companies in America, moved just 9,500 carloads of crude oil. Five years later, they moved more than 400,000 cars of crude.Included in the rules is a requirement that older tank cars must be retrofitted or phased out of use within the next three to five years. All new tank cars will have to be built to DOT-117 specifications and have a thicker shell, a shield on each end to prevent it from being punctured by another car and thermal protection systems that will help contain a fire.Oil trains will also have to be outfitted with “electronically controlled pneumatic” brake systems. The enhanced systems would help stop a train faster and keep the cars from violently running into each other in a derailment.Other new rules require railroads to use routing analysis to determine where oil trains can be run safely and to reduce speeds. The DOT rulemaking requires all oil trains, otherwise known as “high-hazard flammable unit trains,” to move no faster than 50 miles per hour in general and 40 miles per hour in urban areas. Also, after 2021, trains that are not outfitted with the enhanced brake system will not be able to run faster than 30 miles per hour.While federal officials have issued various emergency orders in recent months, the rules and regulations released Friday are the most extensive to date and are the result of nearly two years of work by regulators on both sides of the border.The railroads themselves have also made efforts to move oil trains safer, and in March, BNSF Railway implemented its own rules for oil trains. Among them is a 35 mile-per-hour speed limit for all oil trains running through large municipal areas with populations over 100,000 people.The railroad has also increased the number of track inspections along “critical waterways,” including the Flathead and Kootenai rivers and Whitefish Lake.Earlier this year, BNSF also began to encourage its shippers to stop using the older tank cars, known as DOT-111 and CPC-1232 cars, within three years. Both types of cars have been involved in explosive wrecks in recent months, and in January, BNSF began to charge oil shippers $1,000 every time they used an older tank car.In March, the American Fuel & Petrochemical Manufactures filed a lawsuit against the railroad alleging that new surcharge was unfair and illegal. The railroad has said the surcharge will encourage shippers to improve tank car safety. Most tank cars are owned by third-party leasing companies and not the railroads themselves.In a statement to the Beacon, BNSF officials lauded regulators for putting forward new tank car standards. However, the railroad also noted that it is important to make sure that new regulations don’t reduce capacity because that could have a negative impact on the economy.“BNSF has advocated for a safer tank car in the movement of crude oil and finally setting a new federal standard with get the next generation tank car into service and substantially reduce the risk of a release in the event of an incident,” the railroad said in a statement.While the railroad industry and its largest lobbying group, the Association of American Railroads, have long supported tougher tank car standards, they have been adamantly opposed to enhanced braking systems, stating that there is no proof those systems would prevent derailments. Not long after the May 1 press conference, AAR president and CEO Edward R. Hamberger issued a statement applauding some of the new rules while criticizing others.“The DOT’s study is flawed and the (electronically controlled pneumatic) brakes do not significantly improve safety and are unreliable,” Hamberger said. “No justified safety case for EPC brakes has ever been made.”During the press conference, Canadian Minister of Transportation Raitt said she understood that these new regulations would be expensive for the rail industry. But Raitt noted that in the long run the safety improvements would be less expensive than having to respond to large derailments.Since 2013, there have been at least 10 large oil train derailments in North America, including four in a three-week period this winter. The high-profile accidents have brought public scrutiny to the practice, including in the Flathead Valley, where concerns have been raised about possible incidents impacting Glacier Park and the Flathead River Basin.Officials said that while accidents like the one in Lac-Mègantic, Quebec were disastrous, they have led to stronger regulations that will safeguard the public.“We can never undo the harm that happened at Lac-Mègantic or the site of any other rail accident,” Raitt said. “But we can and must learn from these incidents.”last_img read more

Pacific Sports energizes US Open Triathlon in Texas

first_imgPacific Sports, the premier lifestyle and endurance sports management and consulting firm, has unveiled the renewed, energized US Open Triathlon (USOT) in the cities of Rockwall and Heath, Texas. In addition to Olympic, Sprint and Super Sprint distances; relays in the Olympic and Sprint distances; and two youth courses; the event will also launch the US Open Triathlon Collegiate Cup.It will be a big weekend in the Metroplex with the USOT Expo on Saturday 11 October and the race on Sunday 12 October. USOT competitors can make a weekend of it and also take in the Texas/Oklahoma football game at the Cotton Bowl on Saturday and the Texas State Fair in Fair Park.“Rockwall and Heath will provide us a tremendous venue for the U.S. Open Triathlon,” said Pacific Sports President Jack Caress. “We want to engage college, university and junior college triathletes, as well as the numerous cycling and triathlon clubs in the region, youth 7 to 14 years old, and all the weekend warrior/recreational triathletes in the state.“It is important for the future of this event to bring a triathlon that the Dallas Metroplex area can be proud of and that we can build on.”The event starts with a swim in the calm waters of Lake Ray Hubbard in the marina at Rockwall Harbor. The bike course will travel through rolling terrain incorporating the roads of Rockwall and Heath, and the run course will be in the Rockwall Harbor area with the finish immediately adjacent to host hotel, Hilton Dallas/Rockwall Lakefront.The Texas Triathlon Collegiate Cup is open to current students, alumni, faculty and staff of any college, university, junior college or community college. It is a race-within-a-race and will start within a solely-designated wave. Points toward the Cup will be assigned to the top five finishers for each gender and race category.Registration is now open for the October US Open Triathlon event.Founded in 1983 and based in Orange, California, Pacific Sports is a premier sports consultation firm, specializing in event production, management, and corporate sports marketing development. Having produced more than 300 sports events in the United States, including the 1996 Triathlon World Championships and 12 US Championships, Pacific Sports is dedicated to helping participants in all its events live an active lifestyle.In 2014, the firm will produce 10 events around the US including the longest running triathlon in the US (37 years), the Newport Beach Triathlon and two 2014 inaugural events, the Brooklyn Triathlon on iconic Coney Island and the US Open Triathlon in Texas. Pacific Sports’ largest event, the Herbalife Triathlon Los Angeles, has seen more than 40,000 competitors swim, bike and run in its 14 year Relatedlast_img read more

SEC conduct panel includes UT’s Cheek, Vandy’s Williams

first_imgTennessee chancellor Jimmy Cheek and Vanderbilt athletic director David Williams will serve on a seven-person SEC panel to review issues surrounding student-athlete conduct, the league office announced Thursday.SEC commissioner Greg Sankey announced a seven-person panel to review issues surrounding student-athlete conduct on Thursday.SEC commissioner Greg Sankey announced a seven-person panel to review issues surrounding student-athlete conduct on Thursday.Williams is among two athletic directors in the group. Cheek is one of only two chancellors, alongside chairman R. Bowen Loftin, Missouri’s chancellor.The SEC Working Group of Student-Athlete Conduct will discuss and review student-athlete behavior, including NCAA and conference policies, according to SEC Commissioner Greg Sankey. It also will look at issues and policies arising in other conferences, as well as state and federal legislation, which could affect discipline, drug testing policies and other related issues in the SEC.A report and recommendations from the committee’s findings will be submitted for initial consideration by SEC member schools in the spring, according to an SEC media release.“Student-athlete conduct is a topic of serious concern for leaders in higher education today because the actions of a few individuals can have a devastating effect on the reputation of an entire program and institution,” Loftin said in the release. “The SEC is taking a proactive position in addressing this issue by analyzing contributing factors as well as considering practical measures and best practices to positively impact student-athlete conduct now and into the future.”Vanderbilt AD David Williams is no fuss, all focusIn addition to Loftin, Cheek and Williams, the committee includes David Shipley, Georgia professor in law and faculty athletics representative; Scott Stricklin, Mississippi State athletics director; Julie Cromer, Arkansas senior associate athletics director and senior woman administrator; and Matt Gregory, LSU associate dean of students.“The SEC has already established a leadership role with our transfer review policy approved by the SEC membership last May, which for the first time establishes conduct expectations of individuals seeking to transfer to and compete in the SEC,” Sankey said in the release. “This working group has been established to engage in a continued conversation on student-athlete conduct for the ultimate purpose of making recommendations for conference policies or institutional best practices to shape student-athlete behavioral expectations in the SEC.”Reach Adam Sparks at 615-259-8010 and on Twitter @AdamSparks.last_img read more

Celebrities and co-stars pay tribute to Naya Rivera, who is presumed dead after disappearing at Lake Piru

first_imgAmy Sussman/Getty Images(LOS ANGELES) — The Glee cast is dealing with another profound heartbreak as officials scour Lake Piru in California, where actress Naya Rivera was last seen on Wednesday.  Her four-year-old son Josey Dorsey was found drifting alone in a boat Rivera had rented earlier that day.Authorities believe the 33-year-old has drowned and confirmed on Thursday that their rescue effort is now a recovery.Heather Morris, who played Rivera’s on-screen girlfriend in the musical comedy, issued a statement regarding the actress’ disappearance and expressed hope that her friend is still alive.“It’s so hard to wrap your head around something unknown. I’m holding on to hope that the rescuers will bring Naya home in a swift and speedy recovery,” Said Morris. “I know she would remind me in moments like this that God has a plan for everything and although we may not know that that plan is, we need to keep our chin up and stay strong.”Other Glee co-stars have also reacted to the tragedy:Demi Lovato: “I don’t tweet often but sometimes my tweets come true so, together let’s manifest on twitter that Naya will be found safe and sound!!. Come on y’all! Let’s put this energy out there: they will find her healthy and alive!!”Chord Overstreet: “love and hug on the people you can, while you can. I love you. Everyone please send out your prayers.”Harry Shum Jr: “Praying”Lauren Potter (Becky): “Naya we just talked on my birthday I love you.”Vanessa Lengies (Sugar Motta): “I love her. I love you. Holding you tight.”Dot Marie Jones (Coach Bieste): “THIS CANT BE!!! ????PLEASE KEEP PRAYING! #nayarivera I LOVE YOU GIRL”Iqbal Theba (Principal Figgins): “Oh God… mercy… please…”Damian McGinty (Rory): “Sick to my stomach. Please pray.” Other celebrities who co-starred alongside Rivera on separate projects have also expressed their disbelief and grief:Jackée Harry: “We starred alongside one another in her first very television series, The Royal Family, and I’ve watched her career blossom ever since,” said Harry. “Please God, don’t cut this life short.” Leah Remini: “Just heartbreaking. Had the pleasure of working with Naya and although the job wasn’t the most pleasurable, she made it so. She made me laugh on days I didn’t want to laugh, she reminded me to be appreciative of the work and the fun we were having just sitting around with each other. Praying for her, her little boy, her family…”The Ventura County Sheriff’s Office said during a press briefing on Thursday that the incident “just seems like a tragic accident.”  No foul play is suspected at this time.By Meghan StoneCopyright © 2020, ABC Audio. All rights reserved.last_img read more

100 years for “The Guyana Annual”

first_imgAs Guyana celebrated its 50th anniversary, it was also a milestone year for “The Guyana Annual” magazine, which also celebrated 100 years since it was first published.The 2017 edition of the magazine, launched at Guyenterprise on Friday, is designed to highlight Guyana’s evolving culture and our national patrimony.This year’s edition was a collaborative effort between Dr Tulsi Dyal Singh and localLocal literary activist and writer Petamber Persaud handing over a copy the magazine to a representative from the National Libraryliterary activist and writer Petamber Persaud.The publication focuses on the golden anniversary of Guyana’s independence, the centenary of the magazine and the centenary of the founding of the Berbice High School, the school where Dr Singh received his secondary education.In his remarks, Dr Singh said that he was very grateful to have his input in this year’s magazine because of its significance in Guyana.He and Persaud, however, explained that sales of the magazine were very poor and called for more support from Guyanese.Also present at the launch was former Georgetown Mayor Hamilton Green, who also contributed to this year’s magazine and called for the younger generation to take up the challenge of getting on board to ensure that the magazine continued to be printed each year.Copies of the magazine were handed over to the National Library where it will be available for sale.The magazine was founded in December 1915 and has outlived many similar publications, undergoing numerous modifications to meet the needs of its readership and to carry out its mandate which is to preserve our identity and cultural integrity. The magazine serves to preserve Guyana’s literary heritage and contains amazing articles and information.The most noticeable change to “The Guyana Annual” over the years was its name, it started life as the “Chronicle Christmas Annual”, was renamed the “Guyana Christmas Annual” and in the new millennium was labelled “The Guyana Annual” becoming a perennial magazine instead of a year-end, Christmas-oriented publication.The main rival of The Annual was the “Christmas Tides”, produced by the Argosy newspaper. The Tides went out of publication in 1950. Other rivals – “The Caribia”, produced by BG Lithographic, and “The Pepperpot”, published by Bookers – had short life spans.last_img read more

Super Moon party at Tiki Hut tonight

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, November 14, 2016 – The biggest moon you will see and have seen in decades is out, illuminating night skies and creating a spectacle for countries like the TCI which has no skyscrapers and other elements to block our views.  The Super Moon will shine 30 percent brighter and appear 14 percent bigger tonight, Monday November 14.Tiki Hut will celebrate this magnificent moon with a party at the restaurant starting around 8 p.m.   You will have to wait until November in the year 2034 to see the moon this brilliantly again.So step outside later on and enjoy. Related Items:#magneticmedianews, #supermoonpartylast_img read more