TAILIEUCHUNG - Rules and Regulations

As the long-term sustainability of our current financial models are brought into question, stock exchanges are well positioned to restore confidence in the market in the short-term and could, through improved ESG disclosure, drive market efficiency as better managed companies are rewarded. Furthermore, the growing sustainable investment market presents new opportunities for stock exchanges in the form of new products and services for responsible investors. These include specialized indices such as the Johannesburg Stock Exchange Socially Responsible Investment Index or the Deutsche Börse DAXglobal Alternative Energy Index. As the popularity of companies addressing specific environmental challenges, such as climate. | 24097 Rules and Regulations Federal Register Vol. 63 No. 84 Friday May 1 1998 This section of the FEDERAL REGISTER contains regulatory documents having general applicability and legal effect most of which are keyed to and codified in the Code of Federal Regulations which is published under 50 titles pursuant to 44 . 1510. The Code of Federal Regulations is sold by the Superintendent of Documents. Prices of new books are listed in the first FEDERAL REGISTER issue of each week. NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Chapter VII Investment Securities and End-User Derivatives Interpretive Ruling and Policy Statement agency National Credit Union Administration NCUA . ACTION Final Interpretive Ruling and Policy Statement No. 98 2 Supervisory Policy Statement on Investment Securities and End-User Derivatives Activities and Withdrawal of Interpretive Ruling and Policy Statement No. 92 1 Supervisory Policy Statement on Securities Activities. SUMMARY The National Credit Union Administration NCUA the Board of Governors of the Federal Reserve System FRB the Federal Deposit Insurance Corporation FDIC the Office of the Comptroller of the Currency OCC and the Office of Thrift Supervision OTS collectively referred to as the agencies under the auspices of the Federal Financial Institutions Examination Council FFIEC have approved the Supervisory Policy Statement on Investment Securities and End-User Derivatives Activities 1998 Statement which provides guidance on sound practices for managing the risks of investment activities. This statement replaces the Supervisory Policy Statement on Securities Activities published on February 3 1992 1992 Statement . NCUA adopted the 1992 Statement as Interpretive Ruling and Policy Statement No. 92 1 IRPS No. 92 1 . Many elements of the prior statement are retained in the 1998 Statement while other elements have been revised or eliminated. In adopting the 1998 Statement the agencies are removing the specific constraints in the 1992 .

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