SEC/CORPORATE -
SEC Approves NYSE Rule to Facilitate Listing Without an IPO -
On February 2, the Securities and Exchange Commissions approved a New York Stock Exchange (NYSE) rule change that facilitates the listing...more
2/13/2018
/ Banks ,
Broker-Dealer ,
Derivatives ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
General Data Protection Regulation (GDPR) ,
Government Securities ,
Listing Rules ,
Margin Requirements ,
MiFID II ,
NYSE ,
OCIE ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC) ,
Short Selling ,
Swaps ,
UK
BROKER-DEALER -
FINRA Proposes Rule Change Related to the Content of the Securities Industry Essentials Examination -
On January 12, the Financial Industry Regulatory Authority (FINRA) filed with the Securities and...more
BROKER-DEALER -
FINRA Releases 2018 Regulatory and Examination Priority Letter -
On January 8, the Financial Industry Regulatory Authority (FINRA) released its annual Regulatory and Examination Priority Letter detailing...more
1/15/2018
/ CFTC ,
Cybersecurity ,
Examination Priorities ,
Financial Conduct Authority (FCA) ,
Initial Coin Offering (ICOs) ,
ISDA ,
ISDA Master Agreement ,
MiFID ,
MiFID II ,
Reporting Requirements ,
Trade Relations ,
UK Brexit
CFTC -
CFTC Approves Exemption From SEF Registration Requirements for Multilateral Trading Facilities and Organized Trading Facilities Authorized Within the EU -
On December 8, in response to a request by the European...more
12/18/2017
/ Commodities ,
Consultation ,
Derivatives ,
EU ,
EU Benchmark Regulation ,
Financial Conduct Authority (FCA) ,
MiFID II ,
MiFIR ,
SEFs ,
Senior Management Regime (SMR) ,
Sovereign Debt ,
Third Country Entities (TCEs)
BROKER-DEALER -
FINRA Requests Further Comments on the Effectiveness and Efficiency of Its Payments for Market Making Rule -
On November 28, as part a retrospective rule review, the Financial Industry Regulatory...more
BROKER-DEALER -
FINRA Releases New Targeted Exam Letter Regarding Order Routing Conflicts -
On November 10, the Financial Industry Regulatory Authority released the contents of a new Order Routing Conflicts targeted...more
11/20/2017
/ Agricultural Sector ,
Audits ,
Broker-Dealer ,
CFTC ,
Commodities ,
Derivatives ,
Enforcement Actions ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Initial Coin Offering (ICOs) ,
MiFID II ,
No-Action Relief ,
Securities and Exchange Commission (SEC) ,
UK
On October 26, the Securities and Exchange Commission (SEC) issued three long-awaited letters clarifying how regulatory requirements in the European Union (EU), which go into effect on January 3, 2018, will impact US money...more
SEC/CORPORATE -
SEC Approves PCAOB Rule to Require Enhanced Audit Reports -
On October 23, the Securities and Exchange Commission approved new audit reporting standard, AS 3101, proposed by the Public Company Accounting...more
SEC/CORPORATE -
SEC Announces Rule Proposal to Modernize, Simplify and Increase the Accessibility of Required Disclosure -
On October 11, the Securities and Exchange Commission issued a press release announcing that it...more
SEC/CORPORATE -
SEC Provides Regulatory Relief to Companies Impacted by Recent Hurricanes -
On September 28, the Securities and Exchange Commission (SEC) announced its issuance of an order and its adoption of interim...more
SEC/CORPORATE -
SEC and Division of Corporation Finance Issue New Pay Ratio Disclosure Guidance -
On September 21, the Securities and Exchange Commission (SEC) issued an interpretive release (available here) regarding...more
10/2/2017
/ C&DIs ,
Congressional Investigations & Hearings ,
Consolidated Audit Trail ,
Designated Contract Markets (DCMs) ,
EURIBOR ,
Libor ,
MiFID II ,
Pay Ratio ,
Regulation S-K ,
Securities and Exchange Commission (SEC) ,
Tick Size
SEC/CORPORATE -
Implementation of Pay Ratio Disclosure Requirement Not Expected to Be Delayed -
On September 15, at the ABA Business Law Section Annual Meeting, the Securities and Exchange Commission (SEC) Division of...more
9/25/2017
/ C&DIs ,
Collateralized Debt Obligations ,
Commodity Trading Advisors (CTAs) ,
CPOs ,
Disclosure Requirements ,
EU ,
Executive Compensation ,
Financial Conduct Authority (FCA) ,
MiFID II ,
Mortgage-Backed Securities ,
No-Action Relief ,
Pay Ratio ,
Regulation A ,
Regulation S-K ,
UK
SEC/CORPORATE -
SEC Commissioners Announce Search for First-Ever Advocate for Small Business Capital Formation -
On September 13, the Commissioners of the Securities and Exchange Commission (SEC) announced the launch of...more
SEC/CORPORATE -
SEC Division of Corporation Finance Issues New and Updated C&DIs on Omission of Financial Information from Draft Registration Statements -
Since the adoption of the Fixing America’s Surface...more
9/5/2017
/ C&DIs ,
Corporate Issuers ,
Emerging Growth Companies ,
EU ,
Executive Compensation ,
Interpretive Opinions ,
Investment Adviser ,
Investment Funds ,
Materiality ,
MiFID II ,
Registration Statement ,
UK
BROKER-DEALER -
FINRA and SIPC Agree To Streamline the Annual Report Filing Process for Broker-Dealers -
On August 1, the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation (SIPC)...more
BROKER-DEALER -
FINRA Proposes to Make New TRACE Security Activity Reports Available -
On June 19, the Financial Industry Regulatory Authority filed a proposed rule amendment that would make new Trade Reporting and...more
SEC/CORPORATE -
SEC Updates to Form ADV FAQs -
On June 12, the staff of the Securities and Exchange Commission’s Division of Investment Management updated its Frequently Asked Questions on Form ADV and IARD. Much of the...more
BROKER-DEALER -
FINRA Issues Notice Regarding Disruptive Quoting and Trading Activity Rule Changes -
On June 7, the Financial Industry Regulatory Authority published Regulatory Notice 17-22, which addresses two rule...more
SEC/CORPORATE -
Delaware Chancery Court Decision Demonstrates Continuing Risk to “Appraisal Arbitrage”
In a stark application of the adage that one should be careful what one wishes for—because one may get it—on May 30,...more
New FX Code of Conduct -
The Foreign Exchange Working Group (FXWG), operating under the auspices of the Bank for International Settlements, has published a final version of its “FX Global Code” (the “Code”), a code of...more
SEC/CORPORATE -
US District Court Holds That Discretionary Tax Withholding is Exempt Under 16b-3 -
Several companies have received shareholder letters seeking to recover short-swing profits from insiders under Section...more
SEC/CORPORATE -
On May 4, Jay Clayton was sworn into office as the new chairman of the Securities and Exchange Commission. As discussed in the January 6 edition of the Corporate & Financial Weekly Digest, Mr. Clayton was a...more
CFTC -
CFTC Extends Previously Granted No-Action Relief for Swap Dealers Complying With EU Requirements -
On April 18, the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight...more
SEC/CORPORATE -
SEC Adopts Technical Amendments to JOBS Act Rules
On March 31, the Securities and Exchange Commission adopted technical amendments to rules adopted by the SEC under the Jumpstart Our Business...more
SEC/Corporate -
SEC Releases Rule 504 Small Entity Compliance Guide for Issuers -
The Securities and Exchange Commission recently released a Small Entity Compliance Guide for Issuers, which provides a brief summary...more
2/6/2017
/ AIFM ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Conflict Mineral Rules ,
EDGAR ,
Electronic Blue Sheets ,
Electronic Filing ,
EMIR ,
EU ,
European Economic Area (EEA) ,
Form SHC ,
MiFID II ,
No-Action Relief ,
Rule 504 ,
UK ,
UK Brexit