Investment Funds, Financial Services Industry, Recordkeeping Requirements

CIRO Publishes Phase 5 of its Rule Consolidation Project

Stikeman Elliott LLP on 4/23/2025

The Canadian Investment Regulatory Organization (“CIRO”) has published for comment Phase 5 of its rule consolidation project (the “Rule Consolidation Project”). Phase 5 involves rules relating to outsourcing and service...more

SEC Expands "Dealer" Definition to Capture Liquidity Providers

K&L Gates LLP on 3/4/2024

Introduction - On 6 February 2024, the US Securities and Exchange Commission (SEC) voted 3-2 to adopt two new rules that significantly expand the definitions of a “dealer” and “government securities dealer” in Sections...more

What's in a Fund Name? SEC Approves Changes to the Fund Names Rule

K&L Gates LLP on 9/27/2023

On 20 September 2023, the US Securities and Exchange Commission (the SEC) adopted amendments to Rule 35d-1 (the Names Rule or Rule) under the Investment Company Act of 1940, as amended (the 1940 Act), and made related form...more

What can we learn from recent enforcement actions in the Cayman Islands?

Walkers on 8/7/2023

Walkers' regulatory partners Lucy Frew and Ian Mason consider the learning points for financial services providers (FSPs) from recent enforcement actions by Cayman regulatory bodies. While financial services and related...more

Every Buck You Lend, Every Text You Send, the SEC’ll Be Watching You

Nelson Mullins Riley & Scarborough LLP on 10/17/2022

Take one look at your phone and count how many different message apps you have. WhatsApp, Facebook Messenger, Snapchat, Telegram, Signal, iMessage. Those are just some of the most popular messaging applications available...more

SECURE Act and Guaranteed Income (Part 3)

Faegre Drinker Biddle & Reath LLP on 1/24/2020

The introduction to my last two posts, SECURE Act Part 1 and SECURE Act Part 2, explained: There are two parts of the SECURE Act that I believe will have the greatest impact on my clients: plan sponsors and plan service...more