BREXIT/UK DEVELOPMENTS -
ESG and Sustainable Investments: House of Lords EU Committee Queries Taxonomy Regulation With HMT -
On January 16, the House of Lords European Union Committee published a letter from the...more
1/28/2020
/ CFTC ,
Climate Change ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Agencies ,
Green Finance ,
MiFID II ,
Sustainable Finance ,
UK Brexit
SEC/CORPORATE -
SEC Approves Amended Rule Change to FINRA Rule 5110 -
On December 23, 2019, the Securities and Exchange Commission approved the Financial Industry Regulatory Authority’s (FINRA) proposed amendments to...more
1/20/2020
/ Amended Rules ,
Auditor Independence ,
Broker-Dealer ,
CFTC ,
Disclosure Requirements ,
EU ,
FDIC ,
Filing Requirements ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
OCC ,
Securities and Exchange Commission (SEC)
FINANCIAL MARKETS -
FATF Updates List of AML/CFT Deficient Jurisdictions -
On October 18, the Financial Action Task Force (FATF) published its updated list of jurisdictions that have strategic anti-money laundering...more
10/28/2019
/ AML/CFT ,
Broker-Dealer ,
CFTC ,
Derivatives ,
EU ,
FATF ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Global Market ,
Suspicious Activity Reports (SARs) ,
UK
BROKER-DEALER -
SEC Proposes to Amend Quotation Rule for OTC Securities -
The Securities and Exchange Commission (SEC) has proposed to amend Rule 15c2-11, which governs the publication and submission of quotations by...more
SEC/CORPORATE –
SEC Proposes to Modernize Business, Legal Proceedings and Risk Factor Disclosures Required by Regulation S-K –
On August 8, the Securities and Exchange Commission proposed amendments to modernize the...more
8/19/2019
/ Business Development ,
Disclosure Requirements ,
EMIR ,
EU ,
European Commission ,
European Supervisory Authorities (ESAs) ,
GAAP ,
Investment Firms ,
MD&A Statements ,
MiFID II ,
Proposed Amendments ,
Public Comment ,
Regulation S-K ,
Risk Factors ,
Securities and Exchange Commission (SEC)
BROKER-DEALER -
CBOE Proposes Amendments to Rule 6.49A Concerning Off-Floor Position Transfers Including RWA Transfers -
CBOE Exchange, Inc. (CBOE) recently filed a proposal to amend its Rule 6.49A to amend provisions...more
7/29/2019
/ AML/CFT ,
Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
Broker-Dealer ,
CBOE ,
CFTC ,
Commodity Exchange Act (CEA) ,
Derivatives ,
Derivatives Clearing Organizations ,
EU ,
European Commission ,
FinCEN ,
IOSCO ,
Proposed Amendments ,
UK
BROKER-DEALER -
FINRA Publishes Notice to Members Encouraging Continued Disclosure of Digital Assets Activities –
On July 18, the Financial Industry Regulatory Authority (FINRA) published Regulatory Notice 19-24...more
7/22/2019
/ Broker-Dealer ,
Cryptocurrency ,
Digital Assets ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
New Guidance ,
Proposed Rules ,
Public Offerings ,
Reporting Requirements ,
Virtual Currency
BROKER-DEALER -
SEC Requests Public Comment on Improving Private Security Offering Exemptions -
On June 18, the Securities and Exchange Commission requested public comment on ways to simply harmonize and improve the...more
6/24/2019
/ Broker-Dealer ,
Capital Markets ,
CFTC ,
EMIR ,
EU ,
NFA ,
Private Offerings ,
Public Comment ,
Retail Investors ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC)
BROKER-DEALER -
SEC Extends Compliance Date for Regulation NMS Changes -
The Securities and Exchange Commission has extended the compliance dates for amendments to Rule 606 of Regulation National Market System (NMS)...more
5/6/2019
/ Broker-Dealer ,
CBOE ,
CFTC ,
Derivatives ,
EMIR ,
EU ,
Fake Websites ,
FBI ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Adviser ,
IOSCO ,
National Market System (NMS) ,
Securities and Exchange Commission (SEC) ,
Swap Data Repositories ,
Swap Dealers ,
Websites
BROKER-DEALER -
Nasdaq Proposes Rule Change to SEC to Assume Operational Responsibility for Certain Investigation and Enforcement Functions Currently Performed by FINRA -
On April 3, the Securities and Exchange...more
4/8/2019
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Broker-Dealer ,
CFTC ,
Corporate Governance ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Memorandum of Understanding ,
Nasdaq ,
No-Action Letters ,
No-Action Relief ,
No-Deal Brexit ,
Securities and Exchange Commission (SEC) ,
SEFs ,
UK ,
UK Brexit
SEC/CORPORATE -
SEC Proposes To Expand “Test-the-Waters” Reforms to All Issuers -
On February 19, the Securities and Exchange Commission proposed Rule 163B under the Securities Act of 1933, which would permit any...more
3/4/2019
/ CFTC ,
Corporate Issuers ,
Emerging Growth Companies ,
EU ,
Financial Conduct Authority (FCA) ,
JOBS Act ,
Litigation Funding ,
MiFIR ,
Proposed Rules ,
Qualified Institutional Buyers ,
Regulation FD ,
Securities and Exchange Commission (SEC) ,
Testing-the-Waters Communications ,
UK ,
UK Brexit
BROKER-DEALER -
FINRA Issues Information Notice Regarding Suspicious Email Sent to Member Firms -
On February 13, the Financial Industry Regulatory Authority (FINRA) published an information notice alerting member firms...more
2/25/2019
/ Broker-Dealer ,
BSA/AML ,
CFTC ,
Collective Investment Schemes ,
Counterparty Risk ,
Cybersecurity ,
Derivatives ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Adviser ,
No-Deal Brexit ,
UK
CFTC -
CFTC Divisions Announce 2019 Examination Policies -
On February 12, the Commodity Futures Trading Commission announced 2019 Examination Priorities (the “Examination Priorities”) for registrants of the Division of...more
SEC/CORPORATE -
SEC Issues C&DI on Disclosure of Self-Identified Director Diversity Characteristics -
On February 6, the staff of the Division of Corporation Finance of the Securities and Exchange Commission released...more
2/11/2019
/ C&DIs ,
Central Counterparties ,
Corporate Governance ,
Depository Institutions ,
EMIR ,
EU ,
EU Central Securities Depository Directive ,
Memorandum of Understanding ,
MiFIR ,
No-Deal Brexit ,
Office of Financial Sanctions Implementation (OFSI) ,
Securitization ,
UK Brexit
BROKER-DEALER -
Postponement of Margin Rules for Covered Agency Transactions Under FINRA Rule 4210 -
The Financial Industry Regulatory Authority is filing a rule change (SR-FINRA-2019-005) with the Securities and...more
BROKER-DEALER -
FINRA Releases 2019 Annual Risk Monitoring and Examination Priorities Letter -
On January 22, the Financial Industry Regulatory Authority (FINRA) issued its annual Risk Monitoring and Examination...more
1/28/2019
/ Commodities ,
Cryptoassets ,
Derivatives ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
MiFID II ,
SEC Examination Priorities ,
Senior Management Regime (SMR) ,
UK ,
Virtual Currency
BROKER-DEALER -
SEC and New Jersey US Attorney’s Office Bring Parallel Charges in EDGAR Hacking Scheme -
On January 15, the Securities and Exchange Commission announced charges against nine defendants, alleging their...more
1/21/2019
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Auction ,
Broker-Dealer ,
Corporate Governance ,
EDGAR ,
EU ,
European Commission ,
Financial Industry Regulatory Authority (FINRA) ,
Hackers ,
Securities and Exchange Commission (SEC) ,
UK ,
UK Brexit
CFTC -
NFA Amends Interpretive Notice Regarding ISSPs -
On January 7, the National Futures Association (NFA) issued a notice to its members that amendments to its Interpretative Notice, entitled NFA Compliance Rules...more
1/14/2019
/ Cryptoassets ,
EU ,
EU Passport ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Information Systems Security Program (ISSP) ,
Investment Funds ,
MiFID II ,
MiFIR ,
NFA ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
UK Brexit ,
Withdrawal Agreement
SEC/CORPORATE -
SEC Adopts Final Rules for Disclosure of Hedging Policies -
The Securities and Exchange Commission recently announced that it had at last adopted final rules to implement Section 14(j) (Disclosure of...more
BROKER-DEALER -
SEC Adopts Transaction Fee Pilot for NMS Stocks -
On December 19, the US Securities and Exchange Commission announced that it had voted to conduct a Transaction Fee Pilot in national market system (NMS)...more
BROKER-DEALER -
FINRA Issues Report on Examination Findings -
This month, the Financial Industry Regulatory Authority (FINRA) issued a report summarizing various findings from recent examinations of its member firms...more
12/17/2018
/ Article 50 Treaty of the EU ,
Binary Options ,
CFTC ,
CPOs ,
Cryptoassets ,
Derivatives ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Internal Controls ,
NFA ,
No-Deal Brexit ,
Swaps ,
UK ,
UK Brexit
BROKER-DEALER -
FINRA Proposes Rule Change Relating to Rule 4512 (Customer Account Information)
On November 28, the Financial Industry Regulatory Authority filed a proposed change to Rule 4512(a)(3) (Customer Account...more
12/10/2018
/ Corporate Governance ,
ECON ,
EMIR ,
EU ,
Nasdaq ,
Privacy Notice Rule ,
Proposed Amendments ,
Proxy Season ,
Securitization ,
SEFs ,
Swaps ,
UK ,
UK Brexit
The Withdrawal Documents -
The Agreement and Declaration, while linked together, serve very different purposes. The Agreement is effectively "backward-looking" and intended to address severing the UK's current membership...more
CFTC -
CFTC’s LabCFTC Releases Primer on Smart Contracts -
On November 27, the Commodity Futures Trading Commission’s LabCFTC released “A CFTC Primer on Smart Contracts” to provide information on a variety of financial...more
12/3/2018
/ CFTC ,
Derivatives ,
EU ,
LabCFTC ,
Margin Requirements ,
Payment Systems ,
Smart Contracts ,
Swap Clearing ,
Swaps ,
UK ,
UK Brexit
EU /BREXIT DEVELOPMENTS -
EEA Passport Rights Regulations 2018 Published -
On November 7, the European Economic Area (EEA) Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018...more
11/12/2018
/ CFTC ,
Consultation ,
Derivatives ,
EMIR ,
EU ,
EU Passport ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
MLD4 ,
SEFs ,
UK ,
UK Brexit ,
Uncleared Swaps