On November 21, 2023, the staff (“Staff”) of the U.S. Securities and Exchange Commission’s Division of Corporation Finance released eight new Compliance and Disclosure Interpretations (“C&DIs”) and revised two C&DIs to clarify the pay versus performance (“PVP”) disclosure requirements in Item 402(v) of Regulation S-K. The new C&DIs include clarifications on the reporting of
Webinar: October 26, 2023
11:00 a.m. – 12:30 p.m. ET
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In October 2022, the SEC adopted Rule 10D-1, directing national securities exchanges to establish listing standards that prohibit the listing of any security of a company that does not adopt and implement a written policy requiring the recovery, or clawback, of certain
Webinar: September 14, 2023
12:30 p.m. – 1:30 p.m. ET
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The SEC recently adopted rules for private fund advisers that would impose new obligations and significantly restrict certain activities. Join us for a discussion on the key requirements, the impact of these new rules and considerations for advisers as they implement these
On August 25, 2023, the staff of the U.S. Securities and Exchange Commission posted five new compliance and disclosure interpretations (“C&DI’s”). Three of the new C&DIs related to the recent amendments to Rule 10b5-1 and two related to disclosure of insider trading arrangements.
C&DI 120.29 clarified that the filing date of a Form 10-Q or
The Securities and Exchange Commission announced that it will hold an open meeting on August 23, 2023 during which it will consider, among other things, whether to adopt rules and amendments under the Investment Advisers Act of 1940 (“Advisers Act”) for private fund advisers and whether to adopt amendments to the compliance rule under the
In this MB Microtalk video, Mayer Brown’s Ryan Castillo discusses the SEC’s recent amendments to Regulation M, which remove references to credit ratings from Regulation M, replace them with alternative measures of credit worthiness, and impose related recordkeeping requirements on broker-dealers.
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In this MB Microtalk video, Mayer Brown’s Adam Kanter discusses the SEC’s amendments for Form PF, which affects large hedge fund advisors and private equity fund advisors.
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The Securities and Exchange Commission announced it will hold an open meeting on July 12 to consider a number of matters, including money market reforms.
At the end of 2021, the SEC had proposed extensive changes to the rules governing money market funds. These were prompted by issues that money market funds experienced during
The SEC’s shareholder proposal rule was the subject of a speech by SEC Commissioner Mark Uyeda on June 21, 2023 at the national conference of the Society for Corporate Governance. The speech identifies troubling trends involving the rule and offers several policy solutions. The Commissioner dates the troubles to a 2021 SEC staff decision that
On June 9, 2023, the US Securities and Exchange Commission (“SEC”) approved the clawback listing standards proposed by the New York Stock Exchange (“NYSE”) and The Nasdaq Stock Market (“Nasdaq”), each as required by SEC Rule 10D-1 in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Earlier in June 2023, both the