BROKER-DEALER -
SEC Commissioner Jackson Gives Speech Regarding the State of America’s Stock Exchanges -
On September 19, Commissioner Robert J. Jackson, Jr. of the Securities and Exchange Commission gave a speech...more
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
BROKER-DEALER -
Statement on Status of the Consolidated Audit Trail
By Janet M. Angstadt and Dina Wegh on August 31, 2018 Posted in Broker-Dealer
On August 27, the Securities and Exchange Commission’s Division of...more
9/4/2018
/ Audits ,
Broker-Dealer ,
Capital Requirements Regulation (CRR) ,
CFTC ,
Consolidated Audit Trail ,
ECON ,
EU ,
Implementing Technical Standards (ITS) ,
PCAOB ,
Swap Dealers ,
Third Country Entities (TCEs) ,
UK
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
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
BROKER-DEALER -
FINRA Proposes Rule Change Regarding ATS Reporting of Transactions to TRACE -
The Financial Industry Regulatory Authority recently filed a proposed rule change with the Securities and Exchange Commission...more
6/11/2018
/ Alternative Trading System (ATS) ,
Banking Sector ,
CFTC ,
De Minimus Quantity Exemption ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Services Industry ,
Futures ,
Proposed Amendments ,
Swap Dealers ,
TRACE ,
UK ,
UK Brexit ,
Volcker Rule
BROKER-DEALER -
FINRA Publishes Information Notice Regarding Enhancements to the Disclosure Review Process Relating to Public Financial Records -
On May 18, the Financial Industry Regulatory Authority (FINRA) published...more
SEC/CORPORATE -
SEC Division of Corporation Finance Issues C&DIs on Proxy Rules and Proxy Statements, Overhauling Telephone Interpretations Manual -
On May 11, the staff of the Division of Corporation Finance of the...more
SEC/CORPORATE -
SEC Guidance Expanding Exclusions for Non-GAAP Information -
The Securities and Exchange Commission’s Division of Corporation Finance issued two new Compliance and Disclosure Interpretations (C&DI),...more
5/14/2018
/ C&DIs ,
Customer Due Diligence (CDD) ,
EU ,
FinTech ,
Institutional Shareholder Services (ISS) ,
Non-GAAP Financial Measures ,
Portal ,
Recovery Plans ,
Regulation S-K ,
Securities and Exchange Commission (SEC) ,
UK
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
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 -
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 Expands Nonpublic Review of Draft Registration Statements -
On June 29, the Division of Corporation Finance (Division) of the Securities and Exchange Commission announced that, beginning on July 10,...more
7/10/2017
/ Bitcoin ,
CFTC ,
Consultation ,
Emerging Growth Companies ,
Financial Conduct Authority (FCA) ,
Initial Public Offering (IPO) ,
JOBS Act ,
MiFID II ,
NFA ,
No-Action Relief ,
Registration Statement ,
Securities and Exchange Commission (SEC) ,
SEFs ,
UK
SEC/CORPORATE -
NYSE Withdraws Proposed Rule to Allow Listing Without an IPO -
On June 19, the New York Stock Exchange (NYSE) filed a notice withdrawing its proposed rule that would have allowed companies to list on the...more
7/3/2017
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Asset Management ,
Dubai ,
Financial Conduct Authority (FCA) ,
Initial Public Offering (IPO) ,
Listing Rules ,
New Regulations ,
NYSE ,
UK ,
UK Competition and Markets Authority (CMA)
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