Corporate and Financial Weekly Digest – January 27, 2012


In this issue;

- SEC Reduces Exchange Act Fees for Securities Transactions

- Institutional Customer Suitability: New Compliance Certificate for Broker-Dealers

- CFTC Roundtable to Discuss “Available to Trade” Provision

- CFTC Releases Results of Limited Reviews of Future Commission Merchants

- Delaware Follows “Reasonable Conceivability” Standard for Motions to Dismiss

- Court Dismisses Securities Fraud Claim for Failure to Allege Economic Loss

- CFPB and FTC Pledge to Work Together

- FSB Announces Creation of Legal Entity Identifier Expert Group and Industry Advisory Panel

- Victory for Board of Directors in Executive Pay Lawsuit

- David Einhorn and Greenlight Capital Inc. Fined £7.2M for Insider Trading

- FSA Issues Discussion Paper on Implementing AIFMD

- EU Council of Ministers Updates Position on EMIR

An excerpt from "FSB Announces Creation of Legal Entity Identifier Expert Group and Industry Advisory Panel"

The Financial Stability Board (FSB), created under the auspices of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), announced last week the creation of a Legal Entity Identifier (LEI) Expert Group. The LEI Expert Group will be made up of public officials from around the world and supported by an industry advisory panel. The FSB has committed the group to deliver proposals by April on the implementation of a global LEI system for review by the FSB and delivery to the G-20 at the June 2012 Summit. The Treasury Department stated, "During the financial crisis, market participants and regulators did not have the information they needed to assess exposures to risky or failing companies globally. In the United States, the Dodd-Frank Act addressed this gap by creating the Office of Financial Research (OFR) to improve the information we have about our financial system. One of the OFR’s most important initiatives to date has been advancing the establishment of a legal entity identifier, a global standard that will enable regulators and companies around the world to, for the first time, quickly and accurately identify parties to financial transactions.

Please see full newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

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.

© Katten Muchin Rosenman LLP | Attorney Advertising

Written by:


Katten Muchin Rosenman LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.