On Wednesday, October 5, the American Banker made public a September 30 draft of the imminent interagency release on the Volcker Rule. Although the leaked draft includes the rulemaking re...
On August 31, 2011, the SEC issued a concept release (the “Derivatives Concept Release”) soliciting public comment on the use of derivatives by registered investment companies under t...
On August 31, 2011, the SEC issued (i) a concept release (the “Derivatives Concept Release”) soliciting public comment on the use of derivatives by registered investment companies und...
SEC Rules and Regulations
SEC Adopts Large Trader Reporting Rule
Industry Update
SEC Issues No-Action Letter Regarding Compliance with the Independent Accountant Requirements Unde...
On July 26, 2011, the SEC adopted Rule 13h-1 under the Securities Exchange Act of 1934 to require large trader registration and reporting. The rule requires persons who directly or indire...
On July 12, 2011, the SEC issued an order (the “Order”) that raises the dollar amount thresholds in the assets-under-management and net worth tests in the definition of “qualified c...
On June 22, 2011, the SEC issued final rules and rule amendments to implement provisions of Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act that exempt certain a...
SEC Rules and Regulations
* SEC Proposes Rule on Disqualification of “Bad Actors” from Rule 506 Offerings
Industry Update
* FINRA Delays Implementation of Rule 5131(b) Prohibition...
SEC Rules and Regulations
* SEC Proposes Rule Adjusting Performance Fee Asset Thresholds in the Definition of “Qualified Client”
Industry Update
* Banking Regulators and the CFTC P...
The Dodd-Frank Act may require many currently unregistered non-U.S. investment advisers to register with the SEC as investment advisers, because the Act eliminates a registration exemptio...
