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

Summary of Corporate Governance Provisions in the Dodd-Frank Act

Set forth below is a summary of the principal corporate governance and corporate finance provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act” or the “Act”) for non-financial institutions. Voting by Brokers. Under Section 957 of the Dodd-Frank Act, national securities exchanges are required to... Read More

Topics: Public Companies and Securities

Insurance Group Responds to Dodd-Frank Act


The National Association of Mutual Insurance Companies (NAMIC) issued this press release in response to the Dodd-Frank Act.  As we noted here, Dodd-Frank establishes a new agency, the Federal Insurance Office (FIO).  According to NAMIC, “the FIO will play an important role in helping guide federal policy and trade negotiations... Read More

Topics: Insurance

The Great FOIA Debate


Section 929I of the Dodd-Frank Act which provides an exemption from the Freedom of Information Act in certain circumstances has sparked a great deal of controversy.  The controversy in part was sparked when SEC Chairman Mary Shapiro sent a letter to Barney Frank outlining what many thought was an overly... Read More

Topics: Public Companies and Securities

SEC Issues Concept Release on Swap Definitions and Announces Roundtable on Clearing and Listing of Swaps


 Section 712(d) and 721(c) of the Dodd-Frank Act requires the SEC and CFTC to define certain terms such as “swap”, “security-based swap”, “swap dealer”, “security-based swap dealer”, “major swap participant”, “major security-based swap participant”, “eligible contract participant”, and “security-based swap agreement”.   The SEC today posted this concept release to... Read More

Topics: Banking, Energy, Insurance, Public Companies and Securities

Advance Notice of Rule Making on Use of Credit Ratings


The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, issued an advance notice of rule making regarding alternatives to the use of credit ratings in the regulatory capital guidelines.  The Office of Thrift Supervision plans to join... Read More

Topics: Banking