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 -
Amended FINRA Registration Rules To Take Effect October 1 -
Amended Financial Industry Regulatory Authority registration, qualification and continuing education rules will become effective on October 1....more
9/10/2018
/ CFTC ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Industry Regulatory Authority (FINRA) ,
MiFIR ,
NFA ,
Registration Requirement ,
Regulation Technical Standards (RTS) ,
Swaps ,
Volcker Rule
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 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
BROKER-DEALER -
SEC and CFTC Approve New MOU -
On June 28, the Securities and Exchange Commission and Commodity Futures Trading Commission announced the approval of a new Memorandum of Understanding (MOU) aimed at...more
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
SEC/CORPORATE -
Dodd-Frank Legislation Directs SEC to Amend Rule 701 and Regulation A+ -
On May 24, President Trump signed into law the Economic Growth, Regulatory Relief and Consumer Protection Act. While the Act...more
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 -
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)
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