Thursday July 9, 2020

New rule leaves CFD loophole open

The controversial loophole that allowed Fermanagh billionaire Sean Quinn to avoid disclosing the stake he built up in Anglo Irish Bank using contracts for difference (CFDs)will remain open, despite new proposals from the Irish Takeover Panel to tight

2nd August, 2008

The controversial loophole that allowed Fermanagh billionaire Sean Quinn to avoid disclosing the stake he built up in Anglo Irish Bank using contracts for difference (CFDs)will remain open, despite new proposals from the Irish Takeover Panel to tighten up the disclosure regime.

The panel has initiated a consultation exercise with stockbrokers and fund managers to overhaul disclosure rules, but its proposed changes will only affect investors in companies that are the subject of a...

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