Following is the Davis Polk visual memorandum analyzing the Federal Reserve’s proposed rule on total loss-absorbing capacity (TLAC) and eligible long-term debt (LTD) requirements for (i...
On October 14, 2013, FINRA issued a Report on Conflicts of Interest. The report summarizes FINRA’s observations following an initiative, launched in July 2012, to review conflict manag...
On April 22, 2013, the Financial Industry Regulatory Authority (“FINRA”) issued an Interpretive Letter to ALPS Distributors, Inc. setting forth guidance regarding the use of pre-incep...
Many companies voluntarily impose a “blackout period” beginning around the time a quarter ends and continuing through the quarter’s earnings announcement or subsequent 10-Q or 10-K ...
While the U.S. IPO market has slowed down in recent months, Davis Polk’s pipeline of deals in progress is strong, leading us to believe that there will be an uptick in IPO transactions ...
On July 14, 2011, the Financial Industry Regulatory Authority, Inc. filed with the Securities and Exchange Commission a proposal to adopt various rules in the Consolidated FINRA Rulebook ...
The SEC has proposed rules that would implement the requirements of Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Act. This Section is already in effect and calls for ope...
On September 18, 2010, the SEC proposed amendments which would require both financial and nonfinancial companies to disclose additional information in registration statements and periodic...
The Dodd-Frank Wall Street Reform and Consumer Act recently signed into law by the President contains three new disclosure requirements applicable to mining and natural resource extractio...
The Southern District of New York (“SDNY”) recently agreed to modify the Global Research Equity Settlement (“Global Settlement”) paving the way for chaperoned research analyst and...
