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ISLAMABAD:The Securities and Exchange Commission of Pakistan (SECP) has notified the Futures Exchanges, Licensing and Operations Regulations, 2017. Salient features of the regulations include application of fit <a href=https://www.valela.at>ugg mini</a> and proper criteria to the majority shareholders, directors and <a href=https://www.adidassamba.com.de>adidas sambarose</a> senior management officers, providing a code of conduct for the board of directors and senior management officers of a futures exchange, a statement released Friday said.The regulations <a href=https://www.nbbalance.es>newbalance 530</a> provide guidelines for the composition of the board of directors, appointment of CEO and chief regulatory officer with the SECP's approval as well as related matters.They also require management of the exchange to constitute a risk committee and appointment of a chief risk officer at the futures exchange. The new regulations also enlist financial resource requirements of minimum paid-up capital (net of losses) of Rs500 million.Published in The Express Tribune, June 24th, 2017.Like聽Business on Facebook, follow @TribuneBiz聽on Twitter t New SFI research challenges a popular conception of how machine learning algorithms 鈥渢hink鈥?about certain tasks.The conception goes something like this: because of their ability to discard useless information, a class of machine <a href=https://www.nike-dunk.es>nike dunk</a> learning algorithms called deep neural networks can learn general concepts from raw data 鈥?like identifying cats generally af <a href=https://www.nbbalance.de>new balance 550</a> ter encountering tens of thousands of images of different cats in different situations. This seemingly human ability is said to arise as a byproduct of the networks鈥?layered architecture. Early layers encode the <a href=https://www.nike-dunks.de>nike high dunk</a> 鈥渃at鈥?label along with all of the raw information needed for prediction. Subsequent layers then compress the information, as if through a bottleneck. Irrelevant data, like the color of the cat鈥檚 coat, or the saucer of milk beside it, is forgotten, leaving only general features behind. Information theory provides bounds on just how optimal each layer is, in terms of how well it can balance the competing demands of compression and p