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
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 -
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 Senior Managers & Certification Regime -
As a reaction to the financial crisis of 2008/2009 and following the subsequent review of the financial services industry, UK Parliament decided to replace the discredited...more
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
DERIVATIVES -
SEC Issues Statement on Swap Business Conduct Rules -
On October 31, the Securities and Exchange Commission took an unusual additional step towards implementing its rules for security-based swaps (SBS) by...more
11/5/2018
/ Alternative Investment Fund Managers Directive (AIFMD) ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Derivatives ,
EU ,
European Securities and Markets Authority (ESMA) ,
Futures Commission Merchants (FCMs) ,
No-Action Relief ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC) ,
Security-Based Swaps ,
UCITS ,
UK ,
UK Brexit
BREXIT/UK DEVELOPMENTS -
FCA Announces Launch of Green FinTech Challenge -
On October 19, the UK Financial Conduct Authority (FCA) published a webpage announcing the launch of its “Green FinTech Challenge”, an...more
10/29/2018
/ Benchmarks ,
EMIR ,
EU ,
FinTech ,
Green Finance ,
HM Treasury ,
Initial Coin Offering (ICOs) ,
MiFID II ,
UK ,
UK Brexit ,
Virtual Currency
DERIVATIVES -
SEC Reopens Comment Period for Unfinished Security-Based Swap Rules -
On October 11, the Securities and Exchange Commission demonstrated renewed interest in completing the regulatory regime for...more
10/22/2018
/ Climate Change ,
Comment Period ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Green Finance ,
New Guidance ,
Securities and Exchange Commission (SEC) ,
Securitization ,
Security-Based Swaps ,
Swaps ,
UK ,
UK Brexit
BROKER-DEALER -
FINRA Reminds Members of Obligations Related to OTC Securities Quoted by a Filed Form 211 -
On September 24, the Financial Industry Regulatory Authority (FINRA) issued a Regulatory Notice (Notice)...more
10/1/2018
/ AML/CFT ,
Corporate Governance ,
Cross-Border ,
Dear CEO Letter ,
ECON ,
EMIR ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
FATF ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Libor ,
MiFIR ,
National Futures Association ,
Securities Exchange Act ,
UK
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
The UK government has recently launched a consultation on proposals to reform UK limited partnerships (LPs). LPs have long been considered to be an attractive investment vehicle due to the limited liability of limited...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
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