On September 6, the staff of the Division of Corporation Finance (the Staff) of the Securities and Exchange Commission announced changes (the Announcement) concerning its procedures for administering Rule 14a-8 under the Securities Exchange Act of 1934. Continue Reading SEC Staff Announces Changes to Rule 14a-8 No-Action Request Process
On September 9, the Securities and Exchange Commission voted to propose amendments to the national market system plan (CAT NMS Plan) governing the Consolidated Audit Trail (CAT).
On September 9, the Securities and Exchange Commission (SEC) released two small entity compliance guides to assist broker-dealers and investment advisers in complying with the recently adopted Regulation Best Interest (Reg BI) and Form CRS.
On September 4, the Financial Industry Regulatory Authority (FINRA) issued a notice informing small FINRA member firms of the upcoming Small Firm Advisory Committee (SFAC) election. One seat on the SFAC representing the New York region is open for election.
The Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee (GMAC) will hold a public meeting on Tuesday, September 24, at the CFTC’s Washington, DC headquarters. Continue Reading CFTC’s Global Markets Advisory Committee to Meet on September 24
On September 11, the UK Financial Conduct Authority (FCA) published updated information on its website for FCA-regulated firms in connection with the extension of the senior managers and certification regime (SM&CR) to such firms on December 9.
On September 5, the German Federal Government published a proposal relating to a draft law implementing Regulation (EU) 2019/834 (EMIR REFIT), which also clarifies the licensing requirements for non-EU firms (which would include UK firms after Brexit) that conduct cross-border proprietary trading with German counterparties or on German trading venues.
The Financial Industry Regulatory Authority (FINRA) recently released an investor alert cautioning investors of potential stock fraud in the wake of Hurricane Dorian. FINRA noted that financial fraud and potential investment scams regularly follow a natural disaster. Continue Reading FINRA Warns Investors of Potential Stock Fraud in Wake of Hurricane Dorian
On August 27, the International Swaps and Derivatives Association (ISDA) published a new protocol to give swap market participants an easy way to amend existing credit derivative documentation to incorporate changes that have been made to the ISDA Credit Derivatives Definitions and address the market concern about companies creating credit events for the benefit of particular credit derivative parties. Continue Reading ISDA Publishes Narrowly Tailored Credit Event (NTCE) Protocol
Commodity Futures Trading Commission Commissioner Rostin Behnam announced the agenda for the Market Risk Advisory Committee (MRAC) meeting to be held by teleconference on September 9 beginning at 3:00 pm (ET). Continue Reading CFTC Announces Agenda for Market Risk Advisory Committee Meeting