BROKER-DEALER -
FINRA Publishes Regulatory Notice Regarding 2018 GASB Accounting Support Fee -
On April 17, the Financial Industry Regulatory Authority issued Regulatory Notice 18-12, which announces that FINRA will...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
SEC/CORPORATE -
Delaware State Bar Association Council Releases Proposed Amendments to the Delaware General Corporation Law -
The Corporate Council of the Corporation Law Section of the Delaware State Bar Association...more
4/9/2018
/ Corporate Governance ,
Delaware General Corporation Law ,
EDGAR ,
EU ,
Financial Conduct Authority (FCA) ,
Institutional Shareholder Services (ISS) ,
Proposed Amendments ,
Prospectus Regulation (PR3) ,
Proxy Voting Guidelines ,
Senior Management Regime (SMR) ,
Trade Relations ,
UK Brexit ,
Withdrawal
UK DEVELOPMENTS -
FMSB Releases Draft Standard for Compensating Trade Errors -
On March 20, the Fixed Income, Commodities and Currency Markets Standards Board (FMSB) published a draft of its transparency standard on...more
BROKER-DEALER -
FINRA Requests Comment on Proposed New Rule Governing Outside Business Activities
On February 26, the Financial Industry Regulatory Authority released Regulatory Notice 18-08, which solicits comments on...more
SEC/CORPORATE -
SEC Proposes Budget for Fiscal Year 2019 -
On February 12, the Securities and Exchange Commission issued a press release announcing its budget request for fiscal year 2019, which represents a 3.5 percent...more
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 To Provide Additional Hearing Options for Parties in Certain Arbitrations -
On January 30, the Financial Industry Regulatory Authority filed a proposed rule change with the...more
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 -
SEC Provides Notice of Fixed Income Market Structure Advisory Committee -
The Securities and Exchange Commission Fixed Income Market Structure Advisory Committee recently announced that it will hold a...more
1/9/2018
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Distributed Ledger Technology (DLT) ,
EU ,
Exchange-Traded Products ,
Fixed Income Investments ,
MiFIR ,
Reporting Requirements ,
Securitization Standards ,
Short Sales ,
UK Brexit ,
Virtual Currency
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)
With the vast majority of European Union (EU) regulatory focus recently having been on the Markets in Financial Instruments Directive (MiFID II), it is important not to overlook the impending implementation of the EU's...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
SEC/CORPORATE -
SEC Division of Corporation Finance Issues C&DI Clarifying Exemptions for Non-GAAP Information in Forecasts for M&A Transactions -
On October 17, the staff of the Securities and Exchange Commission’s...more
11/6/2017
/ C&DIs ,
Commission Delegated Regulation ,
Consolidated Audit Trail ,
EU ,
Financial Conduct Authority (FCA) ,
Futures ,
Margin Requirements ,
No-Action Relief ,
Non-GAAP Financial Measures ,
Regulation S-K ,
UK
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 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
SEC/CORPORATE -
SEC Approves NYSE Amendments Regarding Notice Related to Dividends and Stock Distributions -
On August 14, the Securities and Exchange Commission approved a rule change which will now require New York...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
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
CFTC Extends Public Comment Period for Swap Dealers and Major Swap Participants Minimum Capital Requirement Proposal -
On March 16, the Commodity Futures Trading Commission published in the Federal Register its decision...more
EU and Prudential Regulators Issue Statements on March 1 Compliance With Swap Margin Rules -
Lacking the ability to issue formal no-action relief from strict compliance with the variation margin rules for uncleared swaps...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
SEC Updates to Form PF FAQs -
On January 18, the Securities and Exchange Commission’s Division of Investment Management updated its Form PF FAQs. Registered investment advisers managing private funds with at least $150...more
1/30/2017
/ Article 50 Treaty of the EU ,
Asset Management ,
EU ,
Form PF ,
Hart-Scott-Rodino Act ,
IOSCO ,
MSRB ,
Regulation AT ,
Residual Interest ,
Threshold Requirements ,
UK ,
UK Brexit