In response to a recent request by the Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission has issued an order (the Order) designed to ease potential burdens that smaller broker-dealers may face in obtaining audit services. Rule 17a-5(d)(1)(i) of the Securities Exchange Act of 1934 (Exchange Act) requires that, unless a broker meets
Annual Reports
Register for Our 2021 Proxy Season Update Webinar
By Lawrence Levin & Mark J. Reyes on
Posted in SEC/Corporate
Please join Katten, Ernst & Young and Meridian Compensation Partners on Thursday, December 10 at 12:00 p.m. (CT) for a webinar discussion of key legal, governance and financial reporting developments and trends affecting public companies in the 2021 annual reporting and proxy season. CLE is available.
Further details are available here.
Registration is available
Regulatory Relief Issued for CPOs and CTAs
Posted in CFTC, Derivatives
In response to the COVID-19 pandemic, the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) issued no-action relief to commodity pool operators (CPOs) extending the upcoming filing deadlines for required pool quarterly reports on CFTC Form CPO-PQR, as well as annual reports and periodic account statements provided to pool participants. National Futures Association (NFA) also issued similar relief to CPOs for pool quarterly reporting requirements on NFA Form PQR and to commodity trading advisors (CTAs) for quarterly filings on NFA Form PR.
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NFA Issues Regulatory Relief for Introducing Brokers
Posted in CFTC
On March 26, National Futures Association (NFA) granted regulatory relief in response to the coronavirus (COVID-19) pandemic, which temporarily extends the deadline for the annual and periodic financial reports introducing brokers (IBs) are required to file.
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CFTC Issues Guidance on Chief Compliance Officer Annual Report Preparation
By Kevin M. Foley & Jack A. West on
Posted in CFTC, Derivatives
On December 4, the Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission (CFTC) issued an advisory addressing the preparation of the Chief Compliance Officer (CCO) Annual Report for futures commission merchants, swap dealers and major swap participants. The CFTC advisory discusses a number of common deficiencies that the staff has identified in its review of the 2019 CCO Annual Reports and provides additional guidance to Registrants regarding the requirements of the CCO Annual Report in light of the deficiencies found.
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