Proposed Dodd-Frank Disclosures for Asset-Backed Securities
Banking, Public Companies and Securities The SEC has proposed rules to implement Section 943 of the Dodd-Frank Act, which requires the SEC to prescribe regulations on the use of representations and warranties in the market for asset-backed securities as follows: to require any securitizer to disclose fulfilled and unfulfilled repurchase requests across all trusts aggregated by securitizer, so that investors [...] Read more →
SEC Stays Proxy Access Rules
Litigation, Public Companies and Securities As we noted last week, the Business Roundtable and the Chamber of Commerce of the United States of America (the “petitioners”) filed a petition with the United States Court of... Read more →
CFTC Issues Proposed Rules on Financial Resource Requirements for DCOs and SIDCOs and Conflicts of Interest
Banking On October 1, 2010, the CFTC issued proposed rules on financial resource requirements for derivative clearing organizations (“DCOs”) and systematically important DCOs... Read more →
More Clues on the SEC Dodd-Frank Timeline
Banking, Energy, Executive Compensation, Private Equity, Public Companies and Securities SEC Chair Mary Schapiro testified before the Senate Committee on Banking, Housing, and Urban Affairs on September 30, 2010. In so doing she gave more clues on the SEC’s... Read more →
CFTC Seeks Comment Regarding Agricultural Swaps
Public Companies and Securities The Commodity Futures Trading Commission published an Advance Notice of Proposed Rulemaking (ANPRM) seeking public comment regarding the appropriate regulatory treatment of... Read more →
Be Careful What You Tell the Rating Agencies – Regulation FD Revised
Banking, Insurance, Public Companies and Securities This SEC revised Regulation FD to implement Section 939B of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which requires that the SEC amend Regulation FD... Read more →
SEC Approves NASDAQ Rule on Uninstructed Shares
Public Companies and Securities Section 957 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) adopted new Section 6(b)(10) of the Securities Exchange Act. This new... Read more →
FDIC Considers New Deposit Insurance Assessment Authority
Banking As part of the implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act, the Federal Deposit Insurance Corporation held a roundtable discussion on September... Read more →
PCAOB, GAAS and Broker-Dealers
Banking, Public Companies and Securities The SEC has issued interpretive guidance regarding the meaning of the term “generally accepted auditing standards” (“GAAS”) after adoption of the Dodd-Frank Act. Section... Read more →
Financial Stability Oversight Council will Hold First Meeting on October 1
Banking Treasury Secretary Tim Geithner, in his capacity as chairperson of the Financial Stability Oversight Council, announced that the Council will hold its first meeting on October 1,... Read more →