Dodd-Frank Blog
ECP Guarantor Provisions in Corporate Credit Agreements
Banking, Derivatives Many corporate credit agreements are supported by subsidiary guarantees. Those guarantees often include not only the guaranty of the obligations under the credit agreement but also any related swap agreements. The CFTC has issued guidance clarifying that guarantors of swap obligations fall under the Dodd-Frank Act’s requirements. Namely, the CFTC considers guarantees of swaps the [...] Read more →
Appeals Court Dismisses Challenge to SEC Resource Extraction Rules
Public Companies and Securities In 2012 ,the SEC adopted final rules requiring public companies engaged in certain oil and gas activities to disclose payments made to domestic and foreign governments as required... Read more →
Crowdfunding and Jobs Act News Roundup – April 26, 2013
Litigation, Public Companies and Securities On Thursday the SEC sent out a press release captioned “SEC Seeks to Halt Scheme Raising Investor Funds Under Guise of JOBS Act.” The action doesn’t really have anything... Read more →
CFPB, FDIC and OCC Move Against Pay Day Lenders
Consumer Protection The CFPB has issued a report on payday and deposit advance loans finding that for many consumers these products lead to a cycle of indebtedness. The loans generally have three... Read more →
ISDA: Be Ready for May 1 and Standard Swap Confirmation
Derivatives By May 1, all counterparties must have provided their registered swap dealers with legal classifications and representations to allow the swap dealers to comply with the CFTC’s... Read more →
Court Rules Dodd-Frank’s Wells Notice Deadline is Internal
Public Companies and Securities Section 929U of the Dodd-Frank Act provides: Not later than 180 days after the date on which Commission staff provide a written Wells notification to any person, the Commission... Read more →
SEC Agrees Not to Prosecute Ralph Lauren Corporation for FCPA Violations
Public Companies and Securities For the first time, the SEC has entered into a Non-Prosecution Agreement (NPA) with a company relating to misconduct under the Foreign Corrupt Practices Act (FCPA). The SEC... Read more →
Conflict Minerals: Supplier Communications
Public Companies and Securities Industry is ramping up efforts to comply with the Dodd-Frank Act’s conflict minerals requirements and the SEC’s final rules on the topic. Examples of supplier communications... Read more →
Crowdfunding and JOBS Act News Roundup
Public Companies and Securities Reuters reports that Representative Patrick McHenry, of North Carolina, who chairs the House Financial Services oversight panel, said he believes the Securities and Exchange... Read more →