SEC Approves Additional Changes To FINRA Corporate Financing Rule

The SEC has approved additional changes to the FINRA Corporate Financing Rule.  The approved changes:

  • expand the circumstances under which members and issuers may negotiate termination fees and rights of first refusal, with specified conditions;
  • exempt from the filing requirements exchange-traded funds formed as grantor or statutory trusts; and
  • codify the electronic filing requirement.

These changes are in addition to the approved changes we discussed in this blog.

 


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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