In December 2019, the staff of the Division of Corporation Finance of the Securities and Exchange Commission issued interpretive guidance on (1) confidential treatment applications and (2) intellectual property and technology risks that may occur when companies engage in international operations.
Technology
FCA Releases Asset Management Portfolio Tools Feedback
On January 13, the UK Financial Conduct Authority (FCA) released the findings of their multi-firm review of how asset management firms select, use and oversee the tools and models they use to manage portfolios (the Review).
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SEC Announces the Formation of Asset Management Advisory Committee
On October 9, the Securities and Exchange Commission announced the formation of its Asset Management Advisory Committee.
The committee will provide the SEC with diverse perspectives on asset management and related advice and recommendations. Topics the committee may address include trends and developments affecting investors and market participants, the effects of globalization, and changes in the role of technology and service providers.
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ESMA Official Gives Speech on FinTech
On September 27, Patrick Armstrong, a senior risk analysis officer in the Innovation and Products Team of the European Securities and Markets Authority (ESMA), delivered a speech discussing regulatory opportunities and challenges for financial technology (FinTech) in the European Union. Mr. Armstrong covered a broad range of topics in relation to FinTech, including: (1) the…