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
Mayer Brown Microtalk: Recent Amendments to Regulation M
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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Mayer Brown Microtalk: Form PF Amendments
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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SEC Open Meeting on Money Market Reforms
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
Shareholder Proposal Rule Speech by SEC Commissioner Mark Uyeda
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
SEC Approves Dodd-Frank Clawback Listing Standards with October 2, 2023 Effective Date
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
SEC Releases C&DIs on Compliance with New Insider Trading Disclosures
On May 25, 2023, the staff of the US Securities and Exchange Commission’s Division of Corporation Finance released three Compliance and Disclosure Interpretations (“C&DIs”) on the recent amendments to Rule 10b5-1 regarding insider trading arrangements and related disclosures. Specifically, C&DIs 120.26 and 120.27 identify the dates by which companies must first include the new disclosures
Mayer Brown Microtalk: Recent Share Repurchase Disclosure Modernization Amendments
In this MB Microtalk video, Mayer Brown’s Laura Richman discusses the SEC’s recent share repurchase disclosure amendments, which require tabular, day-by-day reporting of share buybacks on either a quarterly or semi-annual basis depending on the type of issuer, as well as quantitative and qualitative narrative disclosures.
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Upcoming SEC Open Meeting May 3, 2023
The Securities and Exchange Commission will hold an open meeting on May 3, 2023 at 10 a.m., which will be available to via webcast, the link will be posted shortly before the start of the meeting on the SEC website.
The Division of Corporation Finance will present on share repurchase disclosure modernization. The Commission will
MB Microtalk: SEC Disclosure Considerations Following Bank Sector Disruptions
In this MB Microtalk video, Mayer Brown’s Laura Richman discusses the types of disclosures that public companies should consider in light of recent bank failures, the resulting intervention by governmental authorities and related market volatility.
Read the legal update here.
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