Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

New Guidance on SEC Waivers, Exemptions in the Works

Joe Mont | February 23, 2015

Companies, in particular banks, seeking a waiver that allows them to obtain exemptive relief despite an enforcement action may soon get fresh guidance from the Securities and Exchange Commission on how that increasingly contentious process will work in the future.

“Pursuant to [Chairman Mary Jo White’s] request we already have posted guidance about how we process Well-Known Seasoned Issuers waivers, but we also have plans to also post guidance about how we process Reg D and Reg A waivers,” Elizabeth Murphy, an associate director for the Securities and Exchange Commission's Division of Corporation Finance, said this weekend at the Practising Law Institute's annual SEC Speaks conference in Washington D.C.

In 2005, the SEC gave the nation's largest public companies the opportunity to register as “Well-Known Seasoned...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.