SEC Chairman Jay Clayton and William Hinman, Director of the SEC’s Division of Corporation Finance, are telling public companies their disclosures need to reflect the changes that have occurred due to the COVID-19 pandemic.
April 10, 2020
BCBS, IOSCO Delay Upcoming Compliance Dates for Initial Margin for Uncleared Derivatives by One Year
The BCBS and IOSCO have extended the deadline for completing the final two implementation phases of the initial margin requirements for non-centrally cleared derivatives.
April 10, 2020
Tags: Coronavirus, COVID-19, Derivatives
Lee Wants Greater Clarity, Certainty from SEC in COVID-19 Environment
SEC Commissioner Allison Herren Lee has called on her agency to “move quickly and clearly” to extend current and recently closed comment periods on proposed regulatory actions – and to refrain from taking regulatory action while the COVID-19 crisis persists.
April 08, 2020
Tags: Allison Herren Lee, Coronavirus, COVID-19, Jay Clayton
New SEC Risk Alerts Detail Scope, Content of Compliance Exams for Form CRS, Reg BI
The SEC examination staff has issued a Risk Alert providing the expected scope and content of initial examinations for compliance with Form CRS.
April 07, 2020
SEC Says No to Extending Form CRS, Reg BI Deadlines
The SEC has declined to extend the filing and delivery deadlines for the new Form CRS and the implementation date for new Regulation Best Interest.
April 07, 2020
Tags: Coronavirus, COVID-19, Form CRS, Reg BI
IAA Urges Congress to Restore, Expand Deduction for Investment Advice in Next Stimulus Package
The IAA is urging Congress to restore and expand the deduction for advisory fees when it considers a “phase 4” stimulus package in response to the COVID-19 crisis.
April 03, 2020
Tags: Advisory Fee Deductibility, Coronavirus, Inside the Beltway
IAA Adds New Charts Detailing Relief to Coronavirus Response Resources
To help members keep abreast of new filing deadlines and other Coronavirus-related regulatory relief, the IAA has added two new charts to its Coronavirus Response Resources web section.
March 30, 2020
Tags: Coronavirus, COVID-19
The IAA recently submitted a comment letter to the SEC in response to its proposed amendments to the definitions of “accredited investor” in Rule 501 of Regulation D and “qualified institutional buyer” in Rule 144A under the Securities Act of 1933.
March 23, 2020
Tags: Accredited Investor, QIB
OCIE has issued a statement announcing that because of health, safety, and firm operations disruption concerns, OCIE has moved to conducting examinations off-site through correspondence unless it is “absolutely necessary” for its teams to be on-site.
March 23, 2020
Tags: OCIE, Coronavirus, COVID-19
As the COVID-19 situation continues to unfold and impact our members, we stand ready to provide resources and up-to-date information on these developments.
March 20, 2020
Tags: Coronavirus, COVID-19