SEC/CORPORATE –
SEC Division of Corporation Finance Issues Five Additional C&DIs Relating to Pay Ratio Disclosure Rule –
On October 18, the Securities and Exchange Commission’s Division of Corporation Finance...more
10/24/2016
/ C&DIs ,
Capital Acquisition Broker (CAB) ,
EU ,
Money Market Funds ,
Pay Ratio ,
Regulation S-K ,
Remuneration ,
RTO ,
TRACE ,
UCITS ,
UK
BROKER-DEALER –
“Trade Match” and “Trade Acceptance” Clearing Submissions on FINRA’s Alternative Display Facility –
On October 7, the Financial Industry Regulatory Authority issued a Trade Reporting Notice regarding...more
BROKER-DEALER FINRA –
Proposes Changes to Its Inter-Dealer Quotation System for OTC Equity Securities –
The Financial Industry Regulatory Authority has proposed changes to its inter-dealer quotation system referred...more
SEC/CORPORATE -
SEC Increases Registration Statement Filing Fees for Fiscal Year 2017 -
On August 31, the Securities and Exchange Commission announced that, effective October 1, the fees that public companies and...more
BROKER-DEALER -
FINRA Adopts Amendments on Resumption of Trading -
The Financial Industry Regulatory Authority has adopted amendments to clarify the operation of the Regulation NMS Plan to Address Extraordinary...more
BROKER-DEALER -
Proposed FINRA Rule Change To Clarify the Operation of the Regulation NMS Plan To Address Extraordinary Market Volatility -
The Financial Industry Regulatory Authority is filing a proposed rule...more
SEC/CORPORATE –
SEC Division of Corporation Finance Issues C&DIs on Application of Rule 701 –
On June 23, the Staff of the Division of Corporation Finance (Staff) of the Securities and Exchange Commission...more
7/11/2016
/ Associated Persons ,
C&DIs ,
Chapter 11 ,
Credit Default Swaps ,
Economic Sanctions ,
EU ,
Financial Industry Regulatory Authority (FINRA) ,
Golden Leash Arrangements ,
Lehman Brothers ,
Mergers ,
MiFIR ,
Popular ,
SEFs ,
Smaller Reporting Companies ,
Stock Float ,
Suspicious Activity Reports (SARs) ,
UK ,
UK Brexit
SEC/CORPORATE -
SEC Proposes Rules Updating Mining Registrant Disclosure Requirements -
On June 16, 2016, the Securities and Exchange Commission proposed rules (Proposed Rules) to modernize the property disclosure...more
BROKER-DEALER FINRA -
Issues Guidance With Respect to Stop Orders and Volatile Market Conditions -
On May 26, FINRA issued guidance encouraging firms to review their policies with respect to the use of stop orders...more
6/6/2016
/ Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Federal Reserve ,
Foreign Exchanges ,
Payday Loans ,
Position Limits ,
Proposed Regulation ,
SEFs ,
Shadow Banking ,
UK
SEC/CORPORATE -
SEC Releases Target Dates for Proposed and Final Rulemaking -
The Securities and Exchange Commission recently published its agenda with respect to upcoming rulemaking, including rulemaking...more
5/31/2016
/ Cross-Border Transactions ,
Deposit Accounts ,
EU ,
European Union Delegated Act (EUDA) ,
FDIC ,
Margin Requirements ,
MiFID II ,
Recordkeeping Requirements ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
UK
SEC/CORPORATE -
SEC Division of Corporation Finance Issues 12 New and Revised C&DIs Regarding Non-GAAP Measures -
As noted in the May 13 edition of Corporate and Financial Weekly Digest, SEC Chair Mary Joe White,...more
5/23/2016
/ Auditors ,
C&DIs ,
Cybersecurity ,
EU ,
Financial Conduct Authority (FCA) ,
Mary Jo White ,
MiFID ,
MiFIR ,
Non-GAAP Financial Measures ,
PCAOB ,
Residual Interest ,
Securities and Exchange Commission (SEC) ,
UK
SEC/CORPORATE SEC Releases Registration Fee Estimator
On April 18, the Securities and Exchange Commission announced the release of an online tool that will assist companies in calculating registration fees relating to...more
4/25/2016
/ Business Conduct Standards ,
Canada ,
Chief Compliance Officers ,
Dodd-Frank ,
EDGAR ,
EU ,
High Frequency Trading ,
Major Swap Participants ,
Memorandum of Understanding ,
NCUA ,
Pensions ,
SFTR ,
UK
SEC/CORPORATE -
SEC Publishes Concept Release Regarding Business and Financial Disclosure -
On April 13, the Securities and Exchange Commission published a concept release, recommended by the SEC’s Division of...more
On March 7, the Senior Managers Regime (SMR) went into effect for UK-based banks and insurers, replacing the existing UK-approved person rules for all senior managers within scope at relevant firms. Other firms regulated by...more
BROKER-DEALER -
SEC Announces Creation of Office of Risk and Strategy -
On March 8, the Securities and Exchange Commission announced the creation of the Office of Risk and Strategy (ORS) within the SEC’s Office of...more
On February 29, the Bank of England and Financial Conduct Authority (FCA) published separate press releases in relation to the implementation of the European Union’s fourth Capital Requirements Directive (CRD IV). The press...more
On February 25, the UK government published the Undertakings for Collective Investment in Transferable Securities Regulations 2016 (Regulations) along with an explanatory memorandum and transposition table. The Regulations...more
SEC/CORPORATE -
SEC Chair Addresses Advisory Committee on Small and Emerging Companies -
On February 25, Securities and Exchange Commission Chair Mary Jo White addressed members of the SEC’s Advisory Committee on...more
3/7/2016
/ Bonuses ,
CRD IV Directive ,
Credit Default Swaps ,
Cybersecurity ,
Disclosure Requirements ,
Emerging Growth Companies ,
EU ,
Swap Clearing ,
TRACE ,
UCITS ,
UK
BROKER-DEALER -
FINRA Requests Information Regarding Firm Culture and Values -
The Financial Industry Regulatory Authority is requesting firms to submit information regarding their organizational culture and how...more
2/29/2016
/ Banking Examinations ,
Comptroller ,
Corporate Culture ,
Depository Institutions ,
EU ,
Examination Priorities ,
ISDA ,
MiFID II ,
No-Action Letters ,
Recordkeeping Requirements ,
Security-Based Swaps ,
Stress Tests ,
UK
On February 2, the Financial Conduct Authority (FCA) published a policy statement on the implementation of the Undertakings for the Collective Investment of Transferable Securities V Directive (UCITS V). Policy Statement 16/2...more
On February 2, the Financial Conduct Authority (FCA) published a “Dear CEO” letter (Letter) setting out the FCA’s findings from a review of client take-on procedures for firms that offer contract for difference (CFD) products...more
The Corporate & Financial Weekly Digest edition of January 8 discussed draft guidance published by the UK Government’s Department for Business, Innovation and Skills (BIS) in December 2015 on the meaning of persons with...more
On January 25, the UK Government published two regulations in relation to new requirements for UK-incorporated companies and UK-formed limited liability partnerships (LLPs) to keep a register of people with significant...more
On January 21, the Hedge Fund Standards Board (HFSB) released the results of its first cyber-attack simulation (via a press release dated January 19)....more
On January 27, the Financial Conduct Authority (FCA) announced plans to consult on the application of the Senior Managers Regime (Regime) to individuals with overall responsibility for a firm’s legal function....more