Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest

More Clues on the SEC Dodd-Frank Timeline


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 regulatory priorities under the Dodd-Frank Act and timing for rulemaking actions.  OTC Derivatives.  Title VII of the Dodd-Frank Act provides a... Read More

Topics: Banking, Energy, Executive Compensation, Private Equity, Public Companies and Securities

CFTC Seeks Comment Regarding Agricultural Swaps


The Commodity Futures Trading Commission published an Advance Notice of Proposed Rulemaking (ANPRM) seeking public comment regarding the appropriate regulatory treatment of agricultural swaps.  The Dodd-Frank Wall Street Reform and Consumer Protection Act provides that swaps in an “agricultural commodity” (as defined by the Commission) are prohibited unless entered into... Read More

Topics: Public Companies and Securities

Be Careful What You Tell the Rating Agencies – Regulation FD Revised


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 to remove the specific exemption from the rule for disclosures made to nationally recognized statistical rating organizations and credit rating agencies... Read More

Topics: Banking, Insurance, Public Companies and Securities

FDIC Considers New Deposit Insurance Assessment Authority


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 24, 2010.  The discussions centered on the new deposit insurance assessment authority granted to the FDIC.  Industry executives, trade association representatives, and others... Read More

Topics: Banking

PCAOB, GAAS and Broker-Dealers


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 982 of the Dodd-Frank Act amended the Sarbanes-Oxley Act of 2002  to authorize the Public Company Accounting Oversight Board (“PCAOB”), among other things, to establish, subject... Read More

Topics: Banking, Public Companies and Securities

Consumer Financial Protection Bureau Gets Underway


Pursuant to the Consumer Financial Protection Act of 2010 (“CFP Act”), which is part of the Dodd-Frank Act, the Secretary of the Treasury has designated July 21, 2011, as the date for the transfer of functions to the Bureau of Consumer Financial Protection (“CFPB”).  On this “designated transfer date,” certain... Read More

Topics: Uncategorized