On March 15, the European Securities and Markets Authority (ESMA) announced its decision not to renew the requirement for holders of net short positions in shares traded on an EU regulated market to inform the relevant national competent authority (NCA)
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 9
ESG: ESAs Consult on Draft RTS on Content and Presentation of Taxonomy-Related Sustainability Disclosures Under SFDR
On March 17, the European Supervisory Authorities (ESAs) published a joint consultation paper on draft regulatory technical standards (RTS) regarding the content and presentation of sustainability disclosures under Articles 8(4), 9(6) and 11(5) of the Sustainable Finance Disclosure Regulation ((EU)…
SEC Issues No Action Letter on Treatment of Reserved Powers Trust as Non-US Person by Non-US Investment Adviser for Registration Exemption
By Susan Light
On March 5, the Securities Exchange Commission’s Division of Investment Management issued a no-action letter (the No-Action Letter) relating to the treatment of a Reserved Powers Trust as a non-US person by a non-US investment adviser in relying on the…
FINRA Adopts Rules to Address Brokers With a Significant History of Misconduct
By Susan Light
On March 10, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 21-09 announcing FINRA’s adoption of new rules to address brokers with a significant history of misconduct and the broker-dealers that employ them.…
FINRA Issues Guidance on Common Sales Charge Discounts and Waivers for Investment Company Products
By Susan Light
On March 4, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 21-07 (Notice) providing additional background and guidance on sales charge discounts and waivers for investment company products.…
FINRA Alerts Firms of Ongoing Phishing Campaign Involving “finra-online.com” Domain Name
By Susan Light
On March 4, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 21-08 (Notice) warning member firms of an ongoing fraudulent phishing campaign involving the domain name “finra-online.com.”…
FINRA Board of Governors Approves Soliciting Comments on Amendments to Borrowing and Lending Rule
By Susan Light
The Board of Governors of the Financial Industry Regulatory Authority (FINRA) met on March 3 and 4, when, among other actions, it approved the publication of proposed amendments to FINRA Rule 3240 (Borrowing From or Lending to Customers) for comment.…
NFA Proposes Compliance Rule 2-50 and Related Interpretive Notice
On March 5, the National Futures Association (NFA) submitted to the Commodity Futures Trading Commission (CFTC) proposed new Compliance Rule 2-50 and a related Interpretive Notice.…
FCA Publishes Consultation Paper on Regulating Bidding for Emission Allowances Under UK ETS
On March 8, the Financial Conduct Authority (FCA) published a consultation paper detailing its proposals to regulate bidding for emissions allowances on the UK auction platform under the UK Emissions Trading Scheme (ETS) (the Consultation Paper).…
FCA Announces Annual Transparency Calculations for Equity and Equity-Like Instruments
On March 9, the Financial Conduct Authority (FCA) announced its first, post-Brexit annual transparency calculations for UK equity and equity-like financial instruments in response to the UK Markets in Financial Instruments Regulation (the Press Release). The calculations will be available…