On 10 April 2024, the Financial Conduct Authority (FCA) published a consultation paper proposing the introduction of a ‘new’ option for investment research payments, alongside the existing two options (CP24/7). In essence,...more
BROKER-DEALER -
FINRA Amends Arbitration Codes to Increase Arbitrator Chairperson Fees and Certain Arbitration Fees -
On February 12, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 21-04...more
BROKER-DEALER -
FINRA Requests Comment on Proposed Proceeding Rule for Failures to Comply With Qualification Examinations Rules of Conduct, Registration Requirements and Eligibility Proceedings Rules -
On September 22,...more
BROKER-DEALER -
SEC Chairman Clayton Provides Public Statement Regulation Best Interest and Form CRS -
On June 15, Securities and Exchange Commission Chairman Jay Clayton made a public statement (Statement) covering...more
BROKER-DEALER -
SEC Proposes to Modernize Infrastructure for NMS Securities Market Data -
On February 14, the Securities and Exchange Commission proposed to modernize the infrastructure for the collection,...more
BREXIT/UK DEVELOPMENTS -
ESG and Sustainable Investments: House of Lords EU Committee Queries Taxonomy Regulation With HMT -
On January 16, the House of Lords European Union Committee published a letter from the...more
1/28/2020
/ CFTC ,
Climate Change ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Agencies ,
Green Finance ,
MiFID II ,
Sustainable Finance ,
UK Brexit
BROKER-DEALER -
FINRA Expands Transparency Initiative Related to OTC Equity Trading Volume -
The Financial Industry Regulatory Authority (FINRA) previously announced an expansion to its ongoing transparency initiative...more
12/9/2019
/ Banking Sector ,
Broker-Dealer ,
CFTC ,
Cross-Border Transactions ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Management ,
MiFID II ,
NFA ,
Securities and Exchange Commission (SEC)
CFTC -
CFTC Proposes Rule to Amend Regulation 160.30 -
On November 12, the Commodity Futures Trading Commission (CFTC) published a proposed rule that would amend CFTC Regulation 160.30 by establishing specific...more
11/18/2019
/ CFTC ,
Comment Period ,
Commodity Pool ,
Commodity Trading Advisors (CTAs) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Gramm-Leach-Blilely Act ,
MiFID II ,
National Crime Agency (NCA) ,
National Futures Association ,
Proposed Rules ,
Suspicious Activity Reports (SARs) ,
Swap Dealers ,
UK
SEC/CORPORATE –
SEC Proposes to Modernize Business, Legal Proceedings and Risk Factor Disclosures Required by Regulation S-K –
On August 8, the Securities and Exchange Commission proposed amendments to modernize the...more
8/19/2019
/ Business Development ,
Disclosure Requirements ,
EMIR ,
EU ,
European Commission ,
European Supervisory Authorities (ESAs) ,
GAAP ,
Investment Firms ,
MD&A Statements ,
MiFID II ,
Proposed Amendments ,
Public Comment ,
Regulation S-K ,
Risk Factors ,
Securities and Exchange Commission (SEC)
BROKER-DEALER -
FINRA Issues Guidance on FOCUS Reporting for Operating Leases -
On March 19, the Financial Industry Regulatory Authority, Inc. (FINRA) released Regulatory Notice 19-08 to provide guidance to members for...more
3/25/2019
/ Broker-Dealer ,
CFTC ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Global Market ,
MiFID II ,
No-Deal Brexit ,
Securities and Exchange Commission (SEC) ,
UK Brexit
BROKER-DEALER -
FINRA Releases 2019 Annual Risk Monitoring and Examination Priorities Letter -
On January 22, the Financial Industry Regulatory Authority (FINRA) issued its annual Risk Monitoring and Examination...more
1/28/2019
/ Commodities ,
Cryptoassets ,
Derivatives ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
MiFID II ,
SEC Examination Priorities ,
Senior Management Regime (SMR) ,
UK ,
Virtual Currency
CFTC -
NFA Amends Interpretive Notice Regarding ISSPs -
On January 7, the National Futures Association (NFA) issued a notice to its members that amendments to its Interpretative Notice, entitled NFA Compliance Rules...more
1/14/2019
/ Cryptoassets ,
EU ,
EU Passport ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Information Systems Security Program (ISSP) ,
Investment Funds ,
MiFID II ,
MiFIR ,
NFA ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
UK Brexit ,
Withdrawal Agreement
BROKER-DEALER -
SEC Approves New Supplement to Options Disclosure Document -
On November 9, the Securities and Exchange Commission approved a new supplement (Supplement) to the Characteristics & Risks of Standardized...more
11/19/2018
/ Amended Rules ,
Broker-Dealer ,
Cryptocurrency ,
Digital Assets ,
European Securities and Markets Authority (ESMA) ,
MiFID II ,
Personal Data ,
Securities and Exchange Commission (SEC) ,
Securities Transactions ,
UK Brexit ,
Virtual Currency
BREXIT/UK DEVELOPMENTS -
FCA Announces Launch of Green FinTech Challenge -
On October 19, the UK Financial Conduct Authority (FCA) published a webpage announcing the launch of its “Green FinTech Challenge”, an...more
10/29/2018
/ Benchmarks ,
EMIR ,
EU ,
FinTech ,
Green Finance ,
HM Treasury ,
Initial Coin Offering (ICOs) ,
MiFID II ,
UK ,
UK Brexit ,
Virtual Currency
CFTC -
CFTC Approves Proposed Regulations for CPOs and CTAs -
On October 9, the Commodity Futures Trading Commission approved proposed rules intended to simplify regulations for commodity pool operators (CPOs) and...more
10/15/2018
/ CFTC ,
Commodities ,
Commodity Trading Advisors (CTAs) ,
Consultation ,
CPOs ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
HM Treasury ,
MiFID II ,
Natural Gas ,
Swaps ,
UK Brexit
SEC/CORPORATE -
California Adopts Law Regarding Female Representation on Boards of Directors of Publicly Held Companies -
On September 30, California Governor Jerry Brown signed into law California Senate Bill 826 (SB...more
10/8/2018
/ Australia ,
Bank Secrecy Act ,
Benchmarks ,
Board of Directors ,
CFTC ,
Commodity Trading Advisors (CTAs) ,
Corporate Governance ,
CPOs ,
Cross-Border Transactions ,
Diversity ,
EU Market Abuse Regulation (EU MAR) ,
FinTech ,
Gender Equity ,
Libor ,
MiFID II ,
MiFIR ,
Swaps ,
UK Brexit ,
Woman Board Members
BROKER-DEALER -
SEC Releases Statement on Expiration of Tick Size Pilot -
On September 10, the Securities and Exchange Commission announced the early expiration of its Tick Size Pilot Program. Under the program, the...more
9/17/2018
/ Corporate Governance ,
EU ,
FinTech ,
MiFID II ,
National Futures Association ,
Risk Assessment ,
Risk Management ,
Senior Management Regime (SMR) ,
Singapore ,
Tick Size ,
UK ,
UK Brexit
SEC/CORPORATE -
SEC Division of Corporation Finance Issues C&DIs Regarding Notices of Exempt Solicitation -
On July 31, the staff of the Division of Corporation Finance (the Staff) of the Securities and Exchange...more
8/13/2018
/ Board of Directors ,
C&DIs ,
Corporate Governance ,
Derivatives Clearing Organizations ,
EU ,
Financial Conduct Authority (FCA) ,
MiFID II ,
MiFIR ,
National Futures Association ,
UK ,
UK Brexit ,
Virtual Currency
BROKER-DEALER -
FINRA Seeks Comment on Fintech Innovation in Broker-Dealer Industry -
On July 30, the Financial Industry Regulatory Authority (FINRA) issued a Special Notice requesting comment on how to continue to...more
BROKER-DEALER -
FINRA Encourages Firms To Disclose Activities Related to Digital Assets -
On July 6, the Financial Industry Regulatory Authority published Regulatory Notice 18-20, which encourages member firms to...more
7/16/2018
/ Bonds ,
Consultation ,
Digital Assets ,
EU ,
Financial Industry Regulatory Authority (FINRA) ,
ISDA ,
MiFID II ,
Prospectus ,
Senior Management Regime (SMR) ,
Third Country Entities (TCEs) ,
UK ,
UK Brexit
BROKER-DEALER -
SEC and CFTC Approve New MOU -
On June 28, the Securities and Exchange Commission and Commodity Futures Trading Commission announced the approval of a new Memorandum of Understanding (MOU) aimed at...more
INVESTMENT COMPANIES AND INVESTMENT ADVISERS -
SEC Releases Updates to Custody Rule Frequently Asked Questions -
On June 5, the Securities and Exchange Commission’s Division of Investment Management staff (Staff)...more
6/18/2018
/ Custody Rule ,
EMIR ,
Enforcement Actions ,
EU ,
Financial Crimes ,
Form PF ,
Initial Coin Offering (ICOs) ,
Investment Adviser ,
MiFID II ,
MMF ,
Money Market Funds ,
UK
SEC/CORPORATE -
Dodd-Frank Legislation Directs SEC to Amend Rule 701 and Regulation A+ -
On May 24, President Trump signed into law the Economic Growth, Regulatory Relief and Consumer Protection Act. While the Act...more
BROKER-DEALER -
FINRA Seeks Comment on Rule Proposal Regarding High-Risk Brokers -
On May 30, the Financial Industry Regulatory Authority published Regulatory Notice 18-16, which seeks comment on proposed rule...more
BROKER-DEALER -
Nasdaq Has Proposed a New Rule Change To Modify Its System of Volume-Based Credits -
The Nasdaq Stock Market LLC (Nasdaq) has filed with the Securities and Exchange Commission a proposed rule change to...more
4/16/2018
/ Broker-Dealer ,
CCPs ,
Cryptocurrency ,
Derivatives ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
IOSCO ,
MiFID II ,
Nasdaq ,
National Market System (NMS) ,
New Rules ,
Over The Counter Derivatives (OTC) ,
Prudential Regulation Authority (PRA) ,
Record Retention ,
Recordkeeping Requirements ,
Securities and Exchange Commission (SEC) ,
State Securities Regulators ,
Stress Tests ,
Trading Platforms ,
UK ,
UK Brexit