The Commodity Futures Trading Commission is moving forward with proposed rules and related forms intended to improve the identification of participants in the futures and swaps markets it regulates. The rules, approved for publication in the Federal Register, would enhance and automate the CFTC’s existing position and transaction reporting programs by requiring the electronic submission […]
Joe Mont
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SEC Adopts Procedures for Clearing Agencies
The Securities and Exchange Commission has adopted new rules that establish procedures for its review of clearing agency actions. The rules stem from a Dodd-Frank Act mandate that called for a new regulatory framework for trading in over-the-counter derivatives, including swap agreements. The rules detail how clearing agencies will provide information to the SEC about […]
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IPO Pricings Plummet Since Mid-May
After a promising pace for the first five months of 2012, the number of IPO pricings significantly slowed in mid-May, according to new research by PwC US. Data on registrations, however, is harder to gauge due to the confidentiality allowed to emerging growth companies under the JOBS Act. Overall, the number of U.S. IPOs in […]
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CFTC Looks To Curb Swap Contract Bundling
The work-around of bundling swap contracts to get around a requirement for trading on open platforms would be done away with under proposed rulemaking by the Commodity Futures Trading Commission This week, the CFTC approved for publication in the Federal Register a Notice of Proposed Rulemaking that re-proposes adding certain provisions to Part 43 of […]
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Feedback Sought on New Corporate Sustainability Reporting Guidelines
What is hoped to be the future of corporate reporting is now available for public review and comment. On Tuesday, the Global Reporting Initiative (GRI) published the latest draft of its next generation of reporting guidelines (G4). GRI is a non-profit organization that promotes economic, environmental, and social sustainability. Its sustainability reporting framework is used […]
Posted inRegulatory Enforcement
Is a Rift Among Regulators Causing Dodd-Frank Delays?
There is no denying that the regulatory reforms of the Dodd-Frank Act are complex, politically divisive, and time consuming to craft. Nevertheless, foot-dragging and inter-agency squabbles among regulators are playing into the hands of critics trying to squash the regulations. Not all regulators are on the same page when it comes to deciding how the […]
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Congress, Industry Explore Self-Regulation for Investment Advisers
Most everyone in the financial word agrees on one point: The Securities and Exchange Commission does an inadequate job overseeing investment advisers. How to best fix that longstanding problem, however, is a far more contentious matter. By the SEC’s own tally, only 8 percent of registered investment advisers were examined in 2011 and approximately 38 […]
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House Democrats Lead Demand for SEC Rules on ‘Conflict Minerals’ by July 1
Fifty-eight members of Congress are demanding that the Securities and Exchange Commission either vote on final rules to implement Dodd-Frank Act requirements regarding “conflict minerals” by July 1 or, at the very least, set a “definitive date for a vote” by June 29. The prodding came in a June 22 letter delivered to SEC Chairman […]
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Legislators Push ‘Fundamental Transformation of the IPO Process’
Amid a controversial initial public offering by Facebook, and on the heels of JOBS Act legislation intended to be a regulatory-easing “on-ramp” for public launches, Congressional lawmakers are asking the Securities and Exchange Commission to take part in a “discussion regarding the fundamental transformation of the IPO process.” A letter to SEC Chairman Mary Schapiro, […]
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SEC Adopts Rule for Compensation Committees and Advisers
The decision-making process for executive compensation will bear additional scrutiny under a new rule announced Wednesday by the Securities and Exchange Commission. Section 952 of the Dodd-Frank Act addresses the issue of executive compensation by focusing on the compensation committees formed by corporate boards, as well as the compensation advisers they may retain. It required […]
