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

The SEC has approved additional changes to the FINRA Corporate Financing Rule.  The approved changes:

  • expand the circumstances under which members and issuers may negotiate termination fees and rights of first refusal, with specified conditions;
  • exempt from the filing requirements exchange-traded funds formed as grantor or statutory trusts; and
  • codify the electronic filing requirement.

These changes are in addition to the approved changes we discussed in this blog.

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