Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: FAST Act

CFTC to Hold an Open Commission Meeting on April 23

Posted in Brexit, CFTC, Derivatives
The Commodity Futures Trading Commission will host an open meeting at 10:00 a.m. on Tuesday, April 23, at which it expects to cover the following topics: notice of proposed rulemaking regarding amendments to regulations on certain swap data depository and swap data reporting requirements; notice of proposed rulemaking regarding amendments to derivatives clearing organization general… Continue Reading

SEC Adopts Rules to Modernize and Simplify Disclosure

Posted in SEC/Corporate
The Securities and Exchange Commission recently adopted final rules to modernize and simplify the disclosure requirements for public companies under Regulation S-K. This rulemaking was mandated by the Fixing America’s Surface Transportation Act (FAST Act), and the final rules are substantially in the forms originally proposed by the SEC in October 2017 (as discussed in… Continue Reading

SEC Adopts Amendments To Simplify and Update Certain Disclosure Requirements

Posted in SEC/Corporate
On August 17, the Securities and Exchange Commission announced the adoption of proposed rule amendments (Amendments) to update and simplify certain disclosure requirements that “have become redundant, duplicative, overlapping, outdated or superseded” in light of (1) US Generally Accepted Accounting Principles (GAAP); (2) International Financial Reporting Standards (IFRS); (3) other SEC disclosure requirements; or (4)… Continue Reading

SEC Announces Rule Proposal to Modernize, Simplify and Increase the Accessibility of Required Disclosure

Posted in SEC/Corporate
On October 11, the Securities and Exchange Commission issued a press release announcing that it voted to propose amendments to modernize and simplify disclosure requirements in Regulation S-K, and related rules and forms, by updating, streamlining or otherwise improving the SEC’s disclosure framework “in a manner that reduces the costs and burdens on registrants while… Continue Reading

SEC Division of Corporation Finance Issues New and Updated C&DIs on Omission of Financial Information from Draft Registration Statements

Posted in SEC/Corporate
Since the adoption of the Fixing America’s Surface Transportation Act (FAST Act) on December 4, 2015, the Division of Corporation Finance (the Division) of the Securities and Exchange Commission has issued six Compliance and Disclosure Interpretations (C&DIs) relating to the FAST Act, the first two of which were summarized in the Corporate and Financial Weekly… Continue Reading

SEC Proposes Amendments To Update and Simplify Disclosure Requirements: A Closer Look

Posted in SEC/Corporate
On July 13, the Securities Exchange Commission proposed and requested comment regarding rule amendments to update and simplify certain disclosure requirements that may have become “redundant, duplicative, overlapping, outdated or superseded” in light of: 1) US Generally Accepted Accounting Principles (GAAP); 2) International Financial Reporting Standards (IFRS); 3) other SEC disclosure requirements; or 4) changes… Continue Reading

SEC Approves Amendments to Implement Provisions of the JOBS Act and FAST Act

Posted in SEC/Corporate
On May 3, the Securities and Exchange Commission approved amendments to revise certain rules under the Securities Exchange Act of 1934 (Exchange Act). A detailed discussion of the proposals on which these rule amendments are based can be found in the Corporate & Financial Weekly Digest edition of January 9, 2015.… Continue Reading

SEC Adopts Interim Final Rules as Mandated by the FAST Act

Posted in SEC/Corporate
On January 13, the Securities and Exchange Commission announced that it adopted interim final rules to implement changes to Form S-1 and Form F-1 mandated by the Fixing America’s Surface Transportation Act (FAST Act). The interim final rules revise Form S-1 and Form F-1 to permit emerging growth companies (EGCs) to omit Regulation S-X financial… Continue Reading

SEC Division of Corporation Finance Issues Four Additional C&DIs on FAST Act

Posted in SEC/Corporate
Since the adoption of the Fixing America’s Surface Transportation Act (FAST Act) on December 4, 2015, the Division of Corporation Finance (Division) of the Securities and Exchange Commission has issued six Compliance and Disclosure Interpretations (C&DIs), the first two of which were previously summarized in the Corporate and Financial Weekly Digest edition of December 18,… Continue Reading

SEC Division of Corporation Finance Issues New C&DIs on FAST Act

Posted in SEC/Corporate
As previously reported, President Obama signed into law the Fixing America’s Surface Transportation Act (FAST Act) on December 4. The transportation bill includes several provisions related to securities laws and capital-raising measures, which were summarized in the December 11 edition of the Corporate and Financial Weekly Digest. One provision of the FAST Act requires the… Continue Reading

Federal Highway Bill Eliminates Annual Privacy Notice Requirement for Financial Institutions

Posted in Investment Companies and Investment Advisers, SEC/Corporate
On December 4, President Obama signed the “Fixing America’s Surface Transportation Act’’ or the ‘‘FAST Act.” In addition to providing for highway and transportation spending, section 750001 of the FAST Act amended Section 503 of the Gramm-Leach-Bliley Act (GLBA) by eliminating under certain circumstances the GLBA requirement that financial institutions provide annual privacy notices (new… Continue Reading