On March 9, the European Parliament’s Economic and Monetary Affairs Committee (ECON) published a draft report detailing recommendations to the European Commission on the proposed Regulation on markets in cryptoassets and amending Directive (EU) 2019/1937 (the Draft Report).
Corporate & Financial Weekly Digest
The Corporate & Financial Weekly Digest, published by Katten Muchin Rosenman, covers legal developments and regulatory updates relevant to corporate and financial sectors. It addresses topics such as securities regulation, broker-dealer compliance, derivatives markets, digital assets, corporate transparency laws, and financial industry oversight by agencies like the SEC, FINRA, and CFTC. The digest also discusses legislative changes impacting corporate governance and financial reporting, as well as case studies and firm news related to mergers, acquisitions, and capital markets transactions. It serves as a resource for legal professionals and industry participants seeking information on evolving financial regulatory frameworks and corporate law issues.
Latest from Corporate & Financial Weekly Digest - Page 10
European Commission Publishes Draft Delegated Act on FRANDT
On March 10, the European Commission (the Commission) published a draft delegated act detailing the obligation on clearing members and clients when providing clearing services under fair, reasonable, non-discriminatory and transparent (FRANDT) commercial terms (the Delegated Act).…
SEC Announces 2021 Examination Priorities
By Susan Light & Shelby Kost
On March 3, the Securities and Exchange Commission’s Division of Examinations announced its examination priorities for 2021. These priorities include a greater focus on climate-related risks, conflicts of interests for brokers and investment advisers, and attendant risks related to FinTech.…
SEC Announces New Climate and ESG Task Force
By Susan Light & Shelby Kost
On March 4, the Securities and Exchange Commission announced the creation of its new Climate and ESG Task Force within the Division of Enforcement.…
CFTC Announces Global Markets Advisory Committee Meeting
The Commodity Futures Trading Commission (CFTC) has announced that its Global Markets Advisory Committee (GMAC) will hold a meeting on March 11 at 9:00 a.m. (ET). At this meeting, the GMAC will hear presentations and provide dialogue on matters related…
Acting SEC Chair Issues Statement on Climate-Change Disclosures
On February 24, acting Chair of the Securities and Exchange Commission Allison Herren Lee issued a statement that she has directed the Division of Corporation Finance (the “Staff”) to focus on climate-change disclosures in public company filings. Referencing the SEC’s…
SEC Issued Order Permitting 30-Day Filing Extension for Broker-Dealers
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)…
FINRA Provides Additional FINRA Exams Online
Effective February 24, and in response to the ongoing challenges posed by the COVID-19 pandemic, the Financial Industry Regulatory Authority (FINRA) is providing an interim accommodation to allow candidates to take additional FINRA exams online, including the Series 24, Series…
2021 GASB Accounting Support Fee to Fund the GASB’s Annual Budget
Pursuant to a Securities and Exchange Commission order, the Financial Industry Regulatory Authority (FINRA) established an accounting support fee to fund the annual budget of the Governmental Accounting Standards Board (GASB). Each quarter, FINRA collects a quarter of the annual…
ESMA Publishes Guidelines on Supervisory Review and Evaluation Process of CCPs
On February 22, the European Securities and Markets Authority (ESMA) published its final report on guidelines to clarify common procedures and methodologies for the supervisory review and evaluation process of central counterparties (CCPs) by their national competent authorities (NCAs) (the…