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APEC Financial Regulators Training Initiative
Demutualization of Stock Exchanges

ADB Headquarters: 13-14 August 2001

Objectives

The seminar will provide participants with the practical technical skills, procedural knowledge and regulatory tools and techniques to deal with a stock exchange that is seeking to demutualize or has undertaken this conversion. The following topics will be discussed in the seminar:

• Fundamentals of demutualizing a stock exchange
• Structuring issues
• Conflicts of interest issues
• Logistics involved for the both the Regulator and the Exchange in the demutualization process
• Regulatory issues for a demutualized exchange
• Country case studies addressing the experience of both exchanges and regulators

Target Participants

Securities regulators and their stock exchange counterparts who are responsible for the supervision of stock exchanges.

Resource Speakers

• Mr. Alan Shaw, Divisional Head of Risk Management and Regulation, Singapore Stock Exchange
• Mr. David Holthouse, National Manager, International Affairs, Australian Stock Exchange
• Ms. Claire Grose, Director, National Markets Unit, Australian Securities and Investments Commission
• Mr. William Pearson, Deputy Chief Operating Officer, Hong Kong Securities and Futures Commission
• Mr. Lawrence Fok, Deputy Chief Operating Officer, Hong Kong Exchanges and Clearing Limited
• Mr. Lee Boon Ngiap, Director, Securities Regulation Development Division, Monetary Authority of Singapore
• Mr. Timothy Baikie, Director, Global Initiative, Toronto Stock Exchange
• Ms. Pamela Hughes, Blake, Cassels & Graydon LLP
• Ms. Roberta Karmel, Kelley, Drye & Warren LLP
• Ms. Natalie Markman, Legal Assistant to the Commissioner, Commodity Futures Trading Commission

Workshop Documents

• View Program of Events

Contact

David Craig
Secretariat Manager
APEC Financial Regulators Training Initiative
Tel: (632) 632-4600
Fax: (632) 636-2424
Email: dcraig@adb.org