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US Supreme Court sidesteps discovery rule question and allows copyright owners to recover damages without time limit
The Copyright Act provides that a copyright owner must bring an infringement claim within three years of its accrual.
Global | Publication | October 2015
As many financial market participants will already be aware, the Australian Financial Markets Association (AFMA) recently announced that the change to T+2 settlement for secondary market traded fixed income products will go live on 7 March 2016.
This change is intended to complement the Australian Securities Exchange’s (ASX) move to T+2 settlement for cash equities, with the ASX currently targeting the same transition date for those and other types of CHESS eligible securities. It also brings Australia into line with other major markets across the world, with other jurisdictions currently either examining or in the process of implementing the change (USA, Canada, Japan) or having already completed a move to T+2 (European Union, Hong Kong and South Korea).
So what does this mean for the Australian fixed income markets?
As noted by the ASX and AFMA, the change reflects a desire to achieve further market efficiency and reduce counterparty risk for individual investors, participants and the central counterparty, with the expectation that this will result in reduced systemic risk for the market as a whole. The change is an important step towards ensuring that Australia’s fixed income markets conform to global best practice and further settlement harmonisation.
Publication
The Copyright Act provides that a copyright owner must bring an infringement claim within three years of its accrual.
Publication
The Department of the Treasury OFAC announced sanctions on one dozen entities, individuals and vessels involved in financing and facilitating the clandestine sale of Iranian UAVs for Iran’s Ministry of Defense and Armed Forces Logistics.
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