Global Financial Markets Spotlight
Email Print
Share
View divider Overview divider PDF Version
Contacts
Marvin Miller Jr.
T: +1 (212) 294-6893 | Email
Christine Edwards
T: +1 (312) 558-5571 | Email
Jerry Loeser
T: +1 (312) 558-5985 | Email
Dodd-Frank Wall Street Reform and Consumer Protection Act – Bills and Final LegislationThe Department of the Treasury's Financial Regulatory Reform DocumentFederal Reserve System DocumentationU.S., U.K., France, China and Hong Kong Summary Charts and Briefings

Publications

May 16, 2013 Briefing Dodd-Frank: Recent Relief from Business Conduct Rules in Respect of FX Transactions
In November 2012, the Secretary of Treasury issued a final determination that, in effect, exempted FX swaps and FX forwards from many of the requirements added to the Commodity Exchange Act by Dodd-Frank.
May 14, 2013 Newsletter Private Equity Update - Spring 2013
The Winston & Strawn Private Equity Newsletter is a quarterly publication intended to provide insight into the latest legal and industry developments affecting private equity funds and their portfolio companies.
May 13, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 27
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
May 13, 2013 Newsletter London Fortnightly Financial Newsletter, Volume 1, Issue 12
Litigation – Fortnightly Financial News is written by lawyers in Winston & Strawn LLP’s London office, focussing on developments within the financial services industry.
May 13, 2013 Newsletter Financial Services Update, Vol. 8, Number 19
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
May 6, 2013 Newsletter Financial Services Update, Vol. 8, Number 18
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 29, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 25
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
April 29, 2013 Newsletter Financial Services Update, Vol. 8, Number 17
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 29, 2013 Newsletter London Fortnightly Financial Newsletter, Volume 1, Issue 11
Litigation – Fortnightly Financial News is written by lawyers in Winston & Strawn LLP’s London office, focussing on developments within the financial services industry.
April 22, 2013 Newsletter Financial Services Update, Vol. 8, Number 16
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 22, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 24
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
April 15, 2013 Newsletter Financial Services Update, Vol. 8, Number 15
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 15, 2013 Newsletter London Fortnightly Financial Newsletter, Volume 1, Issue 10
Litigation – Fortnightly Financial News is written by lawyers in Winston & Strawn LLP’s London office, focussing on developments within the financial services industry.
April 15, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 23
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
April 8, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 22
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
April 8, 2013 Briefing SEC Approves Social Media Postings for Disclosure of Material Corporate Information
Recognizing the growing influence and reach of social media, the SEC announced on April 2, 2013 that public companies may use social media outlets such as Facebook and Twitter to disclose material non-public information in compliance with Regulation FD under the Securities Exchange Act of 1934.
April 8, 2013 Newsletter Financial Services Update, Vol. 8, Number 14
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 2, 2013 Newsletter Corporate and Business Law Update – London Calling - Spring 2013
Winston & Strawn London Corporate and Business Law Update contains some of the key changes for those operating or contemplating operating in the United Kingdom.
April 1, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 21
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
April 1, 2013 Newsletter Financial Services Update, Vol. 8, Number 13
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 27, 2013 Briefing CFPB Issues Bulletin on Indirect Auto Lending and Fair Lending
On Thursday, March 21, the Consumer Financial Protection Bureau issued a bulletin to provide guidance on the applicability of fair lending requirements to indirect auto lenders that permit auto dealers to increase interest rates and then compensate such dealers with a share of the revenues from those rates.
March 26, 2013 Newsletter London Fortnightly Financial Newsletter, Volume 1, Issue 9
Litigation – Fortnightly Financial News is written by lawyers in Winston & Strawn LLP’s London office, focussing on developments within the financial services industry.
March 25, 2013 Newsletter Financial Services Update, Vol. 8, Number 12
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 18, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 19
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
March 18, 2013 Newsletter Financial Services Update, Vol. 8, Number 11
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 14, 2013 Newsletter London Fortnightly Financial Newsletter, Volume 1, Issue 8
Litigation – Fortnightly Financial News is written by lawyers in Winston & Strawn LLP’s London office, focussing on developments within the financial services industry.
March 11, 2013 Newsletter Financial Services Update, Vol. 8, Number 10
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 8, 2013 Briefing Case Note: Recent UK Financial Services Litigation
The Financial Services Authority v Sinaloa Gold plc and others and Barclays Bank plc [2013] UKSC 11
March 7, 2013 Briefing Dodd-Frank Title VII — Cleared Swaps and ERISA Plans
In a move that diminishes many of the legal uncertainties concerning the continued availability of swaps to ERISA plans in the Dodd-Frank world, the Department of Labor recently issued an advisory opinion1 that addresses the applicability of the ERISA fiduciary and prohibited transaction rules to “cleared swaps” entered into by ERISA plans.
March 4, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 17
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
March 4, 2013 Newsletter Financial Services Update, Vol. 8, Number 9
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 26, 2013 Newsletter London Fortnightly Financial Newsletter, Volume 1, Issue 7
Litigation – Fortnightly Financial News is written by lawyers in Winston & Strawn LLP’s London office, focussing on developments within the financial services industry.
February 25, 2013 Newsletter Financial Services Update, Vol. 8, Number 8
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 25, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 16
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
February 21, 2013 Briefing Canning the CFPB? Challenges to the CFPB in the aftermath of the Canning Decision
On January 24, 2013, a panel of three judges of the U.S. Court of Appeals for the D.C. Circuit, unanimously ruled that President Obama’s appointment of three members of the NLRB violated the appointments clause of the U.S. Constitution because the appointments did not receive the advice and consent of the U.S. Senate, yet were made when the Senate was in session, and, thus, did not constitute valid recess appointments.
February 19, 2013 Newsletter Financial Services Update, Vol. 8, Number 7
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 18, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 15
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
February 14, 2013 Newsletter London Fortnightly Financial Newsletter, Volume 1, Issue 6
Litigation – Fortnightly Financial News is written by lawyers in Winston & Strawn LLP’s London office, focussing on developments within the financial services industry.
February 11, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 14
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
February 11, 2013 Newsletter Financial Services Update, Vol. 8, Number 6
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 4, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 13
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
February 4, 2013 Newsletter Financial Services Update, Vol. 8, Number 5
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 1, 2013 Briefing UK Proposals to Increase Private Actions in Competition Law
This week, the UK Department for Business, Innovation & Skills published the Government Response to its consultation on Private Actions in Competition Law launched in April 2012.
January 31, 2013 Briefing Reminder of Annual Requirements for Investment Managers
As we begin the New Year, we thought it would be helpful to remind our clients that manage separate accounts or private funds, whether hedge funds, private equity funds, commingled funds, or commodity pools, of certain obligations that may be applicable to them as “Investment Managers” under various U.S. federal and state laws and regulations.
January 29, 2013 Briefing UK Supreme Court Maintains Status Quo Regarding the Application of Legal Advice Privilege
On 23 January 2013, the UK Supreme Court handed down a judgment which dismissed (by a majority of 5 to 2) the latest attempt to extend the application of legal advice privilege to “legal advice given by someone other than a member of the legal profession.”
January 28, 2013 Newsletter Financial Services Update, Vol. 8, Number 4
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 28, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 12
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
January 24, 2013 Briefing HM Treasury’s Anti-Money Laundering and Counter Terrorist Finance Report 2011-2012
On 9 January 2013, HM Treasury released its annual report on the performance of UK supervisors in monitoring the compliance of businesses in the UK with the Money Laundering Regulations 2007.
January 22, 2013 Newsletter Financial Services Update, Vol. 8, Number 3
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 21, 2013 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 11
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
January 15, 2013 Briefing Delaware Court Revisits “Don’t Ask, Don’t Waive” Standstills
For the second time in a matter of weeks, the Delaware Court of Chancery has addressed the legality of “don’t ask/don’t waive” standstill provisions, which could have the effect of precluding losing bidders in an auction from making a topping bid after a merger agreement is signed with the winning bidder but before it is approved by shareholders.
January 14, 2013 Newsletter London Fortnightly Financial Newsletter, Volume 1, Issue 4
Litigation – Fortnightly Financial News is written by lawyers in Winston & Strawn LLP’s London office, focussing on developments within the financial services industry.
January 14, 2013 Newsletter Financial Services Update, Vol. 8, Number 2
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 14, 2013 Briefing FTC Announces 2013 Revised Jurisdictional Thresholds for Hart-Scott-Rodino Act Filings
The Federal Trade Commission recently announced the annual changes to the jurisdictional thresholds for Section 7A of the Clayton Act.
January 10, 2013 Newsletter Private Equity Update - Winter 2013
The Winston & Strawn Private Equity Newsletter is a quarterly publication intended to provide insight into the latest legal and industry developments affecting private equity funds and their portfolio companies.
January 10, 2013 Briefing China Imposes Its First Fines on Foreign Firms for Price-Fixing Conduct
On January 4, 2013, the National Development and Reform Commission, China’s antitrust regulator with jurisdiction to investigate and deal with price-related monopolistic conduct, announced its first settlement with foreign companies charged with price fixing.
January 8, 2013 Briefing EU Adopts Additional Financial Sanctions Against Iran Background
On 21 December 2012, the Council of the European Union adopted Council Regulation No. 1263/2012 implementing additional restrictive measures against Iran.
January 7, 2013 Newsletter Financial Services Update, Vol. 8, Number 1
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
December 17, 2012 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 8
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
December 17, 2012 Newsletter London Fortnightly Financial Newsletter, Volume 1, Issue 3
Litigation – Fortnightly Financial News is written by lawyers in Winston & Strawn LLP’s London office, focussing on developments within the financial services industry.
December 17, 2012 Newsletter Financial Services Update, Vol. 7, Number 46
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
December 12, 2012 Briefing Delaware Court Enjoins “Don’t Ask/Don’t Waive” Standstill Provision
On November 27, 2012, in a significant decision for those engaged in competitive acquisitions, the Delaware Court of Chancery enjoined a standstill provision in a confidentiality agreement that would prohibit a potential bidder from privately asking a public company target, which had signed a merger agreement with another bidder, to waive provisions of a confidentiality agreement that limited the potential bidder’s ability to communicate with the target.
December 10, 2012 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 7
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
December 10, 21012 Newsletter Financial Services Update, Vol. 7, Number 45
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
December 3, 2012 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 6
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
December 3, 2012 Newsletter London Fortnightly Financial Newsletter, Volume 1, Issue 2
Litigation – Fortnightly Financial News is written by lawyers in Winston & Strawn LLP’s London office, focussing on developments within the financial services industry.
December 3, 2012 Newsletter Financial Services Update, Vol. 7, Number 44
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
November 21, 2012 Briefing FCPA Guidance Released by DOJ and SEC
On November 14, 2012, the Department of Justice and the Securities and Exchange Commission released their much-anticipated joint non-binding guidance “A Resource Guide to the U.S. Foreign Corrupt Practices Act.”
November 20, 2012 Briefing Dodd-Frank: Final Determination Regarding FX Swaps and FX Forwards
In a much anticipated move, on November 16, the Department of Treasury issued a final determination that FX Swaps and FX Forwards are exempt from the definition of “swap” under the Commodity Exchange Act.
November 19, 2012 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 5
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
November 19, 2012 Newsletter London Fortnightly Financial Newsletter, Volume 1, Issue 1
Litigation – Fortnightly Financial News is written by lawyers in Winston & Strawn LLP’s London office, focussing on developments within the financial services industry.
November 19, 2012 Newsletter Financial Services Update, Vol. 7, Number 43
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
November 15, 2012 Briefing Italy Enacts New Anti-Corruption Law
In a move resonant of an enhanced global focus on anti-corruption, Italy has just adopted a new anti-corruption law which focuses on the prevention of corruption in the public sector, but which has implications for commercial organisations active in Italy.
November 12, 2012 Newsletter Financial Services Update, Vol. 7, Number 42
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
November 12, 2012 Newsletter Antitrust and Competition–The EU Weekly Briefing, Vol. 1, Issue 4
Antitrust and Competition – The EU Weekly Briefing is designed to provide timely updates on recent European Union competition law by including a short description of, and links to, recent developments.
November 5, 2012 Newsletter Financial Services Update, Vol. 7, Number 41
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
November 1, 2012 Newsletter Greater China Law Update November 2012
Winston & Strawn's Greater China Law Update is a publication covering relevant legal, financial, and economic topics that affect the Chinese and Hong Kong marketplaces.
October 29, 2012 Newsletter Financial Services Update, Vol. 7, Number 40
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
October 22, 2012 Newsletter Financial Services Update, Vol. 7, Number 39
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
October 15, 2012 Newsletter Financial Services Update, Vol. 7, Number 38
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
October 8, 2012 Newsletter Financial Services Update, Vol. 7, Number 37
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 24, 2012 Newsletter Financial Services Update, Vol. 7, Number 35
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 21, 2012 Briefing Recent CFTC Rule Changes – Impact on CLO Managers
A series of recent changes to securities and commodities rules have implications for operators of and advisors to pooled investment vehicles, including vehicles that issue collateralized loan obligations.
September 19, 2012 Briefing Dodd-Frank: The End-User Exception to the Clearing Requirement for Swaps
What if the treasurer of a corporate client sat down with the Winston & Strawn Derivatives Team to try to sort through, and understand, the practical impact of the flurry of rules that have been issued to implement the provisions of Title VII of the Dodd-Frank Act.
September 17, 2012 Newsletter Financial Services Update, Vol. 7, Number 34
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 14, 2012 Briefing FTC Soliciting Comment on Proposed Changes to Hart Scott Rodino Reporting Requirements for Transfers of Patent Rights in the Pharmaceutical Industry
Firm Authors: Richard L. Falek
The Hart Scott Rodino Act requires reporting certain transactions valued in excess of the current threshold of $68.2 million to the FTC and the Department of Justice.
September 10, 2012 Newsletter Financial Services Update, Vol. 7, Number 33
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 27, 2012 Newsletter Financial Services Update, Vol. 7, Number 32
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 20, 2012 Newsletter Financial Services Update, Vol. 7, Number 31
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 13, 2012 Briefing The Global Investigations into LIBOR Implications for Commercial Organisations
The ubiquitous benchmark interest rate applied across commercial contracts, LIBOR (the London Inter Bank Offer Rate), has made the headlines globally for all the wrong reasons. This note explains what the rate is; how it is calculated; the nature of the ongoing global investigations; and how the investigations and their outcomes might affect you.
August 13, 2012 Newsletter Financial Services Update, Vol. 7, Number 30
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 7, 2012 Newsletter Financial Services Update, Vol. 7, Number 29
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
July 30, 2012 Newsletter Financial Services Update, Vol. 7, Number 28
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
July 23, 2012 Newsletter Financial Services Update, Vol. 7, Number 27
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
July 16, 2012 Newsletter Financial Services Update, Vol. 7, Number 26
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
July 9, 2012 Briefing Record Sentence Handed Down in Sanders Insider Dealing Case
On 19 June 2012 Mr. Justice Simon at Southwark Crown Court sentenced James Sanders, a director of the former UK brokerage firm Blue Index, to four years’ imprisonment after pleading guilty to 10 counts of insider dealing.
June 25, 2012 Newsletter Financial Services Update, Vol. 7, Number 24
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
June 18, 2012 Newsletter Financial Services Update, Vol. 7, Number 23
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
June 11, 2012 Newsletter Financial Services Update, Vol. 7, Number 22
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
May 21, 2012 Newsletter Financial Services Update, Vol. 7, Number 20
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
May 17, 2012 Briefing Delaware Court Enjoins Takeover Bid Because of Breach of Confidentiality Agreement
On May 4, 2012, the Delaware Chancery Court held that Martin Marietta Materials’ hostile takeover bid for Vulcan Materials violated confidentiality agreements between the parties and accordingly enjoined its bid from proceeding.
May 14, 2012 Newsletter Financial Services Update, Vol. 7, Number 19
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
May 7, 2012 Newsletter Financial Services Update, Vol. 7, Number 18
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 30, 2012 Newsletter Financial Services Update, Vol. 7, Number 17
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 25, 2012 Newsletter Financial Services Update, Vol. 7, Number 16
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 16, 2012 Newsletter Financial Services Update, Vol. 7, Number 15
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 9, 2012 Newsletter Financial Services Update, Vol. 7, Number 14
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 2, 2012 Newsletter Financial Services Update, Vol. 7, Number 13
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 9, 2012 Briefing Capital Requirements for Insurance Companies That Are Savings and Loan Holding Companies and the “Collins Amendment”
Insurance companies are subject to state insurance regulation that includes capital requirements generally imposed under uniform regulations based on capital standards adopted by the National Association of Insurance Commissioners.
March 5, 2012 Newsletter Financial Services Update, Vol. 7, Number 10
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 29, 2012 Briefing SEC Revises Rules on Advisory Performance Fee Charges
On February 15, 2012, the Securities and Exchange Commission adopted amendments to its rule on investment advisory performance fees under the Investment Advisers Act by revising the dollar amount thresholds used to determine whether an investor is a “qualified client.”
February 27, 2012 Newsletter Financial Services Update, Vol. 7, Number 9
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 23, 2012 Newsletter Financial Services Update, Vol. 7, Number 8
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 15, 2012 Briefing CFTC Eliminates and Revises Rule 4.13 Registration Exemptions and Limits Rule 4.5 Exclusion
On February 9, 2012, the Commodity Futures Trading Commission issued final rules that, among other things, rescinded certain relief from registration as a commodity pool operator with the CFTC.
February 13, 2012 Newsletter Financial Services Update, Vol. 7, Number 7
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 6, 2012 Newsletter Financial Services Update, Vol. 7, Number 6
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 30, 2012 Newsletter Financial Services Update, Vol. 7, Number 5
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 23, 2012 Newsletter Financial Services Update, Vol. 7, Number 4
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 17, 2012 Newsletter Financial Services Update, Vol. 7, Number 3
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 9, 2012 Newsletter Financial Services Update, Vol. 7, Number 2
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 5, 2012 Briefing SEC Amends “Accredited Investor” Definition
On December 21, 2011, the SEC amended the definition of “accredited investor” under the Securities Act of 1933 to change the treatment of an investor’s primary residence in determining accredited investor status.
January 3, 2012 Newsletter Financial Services Update, Vol. 7, Number 1
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
December 30, 2011 Briefing Changing Landscape: Thrift Holding Companies and Their Regulator
Firm Authors: Christine A. Edwards, Jerry Loeser, Marvin J. Miller Jr.
The Dodd-Frank Act, effective July 21, 2011, eliminated the Office of Thrift Supervision and transferred its regulatory authority to the Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation.
December 9, 2011 Newsletter Financial Services Update, Vol. 6, Number 44
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC
November 21, 2011 Newsletter Financial Services Update, Vol. 6, Number 43
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC
November 14, 2011 Newsletter Financial Services Update, Vol. 6, Number 42
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC
November 7, 2011 Newsletter Financial Services Update, Vol. 6, Number 41
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC
October 31, 2011 Newsletter Financial Services Update, Vol. 6, Number 40
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC
October 24, 2011 Newsletter Financial Services Update, Vol. 6, Number 39
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC
October 17, 2011 Newsletter Financial Services Update, Vol. 6, Number 38
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC
October 10, 2011 Newsletter Financial Services Update, Vol. 6, Number 37
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC
October 3, 2011 Newsletter Financial Services Update, Vol. 6, Number 36
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 28, 2011 Newsletter Financial Services Update, Vol. 6, Number 35
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 20, 2011 Newsletter Financial Services Update, Vol. 6, Number 34
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 12, 2011 Newsletter Financial Services Update, Vol. 6, Number 33
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 31, 2011 Newsletter Financial Services Update, Vol. 6, Number 32
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 25, 2011 Briefing Community Banks vs Bank Examiners—Are Community Banks’ Concerns about Examiner Decisions Justified?
On August 16, 2011, the U.S. House of Representatives Financial Institution Subcommittee on Financial Institutions and Consumer Credit conducted a hearing into supervision of community banks.
August 22, 2011 Newsletter Financial Services Update, Vol. 6, Number 31
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 15, 2011 Newsletter Financial Services Update, Vol. 6, Number 30
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 8, 2011 Newsletter Financial Services Update, Vol. 6, Number 29
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 1, 2011 Newsletter Financial Services Update, Vol. 6, Number 28
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
July 25, 2011 Newsletter Financial Services Update, Vol. 6, Number 27
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
July 11, 2011 Newsletter Financial Services Update, Vol. 6, Number 25
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
June 20, 2011 Newsletter Financial Services Update, Vol. 6, Number 23
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
June 16, 2011 Briefing SEC Adopts Final Rules to Establish Whistleblower Program
On May 25, 2011, the Securities and Exchange Commission adopted final rules to implement Section 21F of the Securities Exchange Act of 1934, as amended – “Securities Whistleblower Incentives and Protection.”
June 13, 2011 Newsletter Financial Services Update, Vol. 6, Number 22
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
June 6, 2011 Newsletter Financial Services Update, Vol. 6, Number 21
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
May 23, 2011 Newsletter Financial Services Update, Vol. 6, Number 20
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
May 19, 2011 Briefing Regulation of Certain Wire and ACH Transfers to Persons Abroad Is Impending in the Guise of Regulation of Consumer “Remittance Transfers”
Firm Authors: Averil M. Edwards, Jerry Loeser
The Dodd-Frank Act, a more than 2,300 page comprehensive financial regulatory reform law that the President signed into law last July, contains a number of little known and scantily discussed provisions such as Section 1073 that provides for federal regulation of “remittance transfers,” essentially consumer-initiated electronic transfers of funds to persons in foreign countries.
April 18, 2011 Newsletter Financial Services Update, Vol. 6, Number 15
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 11, 2011 Newsletter Financial Services Update, Vol. 6, Number 14
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 6, 2011 Briefing Implementing the Durbin Amendment: What Was the Fed Thinking?
Firm Authors: Christine A. Edwards, Jerry Loeser
The Federal Reserve Board, on December 16, 2010, approved proposing a rule to implement the Durbin Amendment in the Dodd-Frank Act.
March 28, 2011 Newsletter Financial Services Update, Vol. 6, Number 13
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 21, 2011 Newsletter Financial Services Update, Vol. 6, Number 12
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 18, 2011 Newsletter Financial Services Update, Vol. 6, Number 11
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 17, 2011 Briefing Federal Consumer Financial Protection Bureau Is Recruiting Examiners: Industry-Trained Experts Should Apply
The Consumer Financial Protection Bureau (“CFPB”) was established by the Dodd-Frank Act, the comprehensive financial regulatory reform legislation enacted last summer. It is expected to be up and running July 21. On that date, authority is granted to the CFPB to conduct examinations of any firm that offers a consumer financial product or service.
March 7, 2011 Newsletter Financial Services Update, Vol. 6, Number 10
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 28, 2011 Briefing CFTC Proposals and Changes May Require Many Investment Managers to Register as CPOs or CTAs
The Commodity Futures Trading Commission, has proposed rules to rescind or restrict several common exemptions from registration as a commodity pool operator and commodity trading advisor.
February 28, 2011 Newsletter Financial Services Update, Vol. 6, Number 9
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 24, 2011 Briefing MSRB Proposes New Rules and Interpretive Guidance on Municipal Advisors and Underwriters
The Municipal Securities Rulemaking Board has proposed for comment a new rule, Rule G-36, concerning the fiduciary duty of municipal advisors and proposed interpretive guidance regarding the application of MSRB Rule G-17, which concerns “fair dealing,” to municipal advisors and underwriters.
February 14, 2011 Newsletter Financial Services Update, Vol. 6, Number 7
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 27, 2011 Briefing Potential Rule Change Could Substantially Affect FHLB Members and Applicants
On December 27, 2010, the Federal Housing Finance Agency issued an advance notice of proposed rulemaking which poses substantial issues regarding certain types of existing members of the Federal Home Loan Bank System and certain types of applicants that previously would have qualified for membership.
January 27, 2011 Article Dodd-Frank's Hidden Whistleblower Tax
Firm Authors: Christine A. Edwards, Jerry Loeser, Michael A. Skokna
January 24, 2011 Newsletter Financial Services Update, Vol. 6, Number 4
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 20, 2011 Briefing New Consumer Financial Protection Bureau Asks Private Contractors to Design Mortgage Disclosure Form
Firm Authors: Christine A. Edwards, Jerry Loeser, Marvin J. Miller Jr.
The Dodd-Frank Act requires the Consumer Financial Protection Bureau to propose rules and model disclosures that combine the disclosures required under the Truth in Lending Act and Sections 4 and 5 of the Real Estate Settlement Procedures Act.
January 18, 2011 Newsletter Financial Services Update, Vol. 6, Number 3
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 10, 2011 Newsletter Financial Services Update, Vol. 6, Number 2
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 7, 2011 Briefing Reminder of Annual Requirements for Investment Managers
As we begin the new year, we thought it would be helpful to remind our clients that manage separate accounts or privately offered hedge funds and private equity funds (“Investment Managers”) of certain obligations that may be applicable to them under various U.S. federal and state laws and regulations.
January 3, 2011 Newsletter Financial Services Update, Vol. 6, Number 1
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
December 13, 2010 Newsletter Financial Services Update, Vol. 5, Number 45
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
December 6, 2010 Briefing SEC Proposed Rule 21F-13: A Hidden Whistleblower Tax?
Firm Authors: Christine A. Edwards, Jerry Loeser, Michael A. Skokna
On November 3rd, the Securities and Exchange Commission published proposed Regulation 21F, establishing a program designed to reward individuals who provide the SEC with information leading to successful enforcement actions.
December 6, 2010 Newsletter Financial Services Update, Vol. 5, Number 44
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
December 2, 2010 Briefing Securities and Exchange Commission Issues Rule Proposals to Implement Dodd-Frank Act for Investment Advisers, Advisers to Private Funds, Venture Capital Funds, and Foreign Private Advisers
On Nov. 19, 2010, the Securities and Exchange Commission issued two separate releases under the Investment Advisers Act of 1940 to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
November 22, 2010 Newsletter Financial Services Update, Vol. 5, Number 43
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
November 15, 2010 Newsletter Financial Services Update, Vol. 5, Number 42
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
November 12, 2010 Briefing SEC Proposes Whistleblower Program
On November 3rd, the Securities and Exchange Commission published proposed Regulation 21F, establishing a program designed to reward individuals who provide the SEC with information leading to successful enforcement actions.
November 12, 2010 Briefing Update on New FINRA Rules and Rule Proposals for Public Offerings
The Financial Industry Regulatory Authority has been active in proposing new rules and providing interpretative guidance affecting FINRA-member firms in the distribution of initial public offerings, which will impact underwriting and distribution arrangements.
November 9, 2010 Briefing FINRA and the Exchanges Eliminate Stub Quotes
On Friday, November 5th, the Securities and Exchange Commission approved new rules proposed by each of the national securities exchanges and the Financial Industry Regulatory Authority to strengthen the minimum quoting standards for market makers and effectively prohibit “stub quotes” in the U.S. equity markets.
November 8, 2010 Briefing SEC Adopts Rule Barring Unfiltered Market Access
At an open meeting on November 3rd, the Securities and Exchange Commission unanimously approved Rule 15c3-5 under the Securities Exchange Act of 1934, as amended.
November 8, 2010 Newsletter Financial Services Update, Vol. 5, Number 41
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
November 5, 2010 Briefing SEC Delays Compliance Date for Short Sale Pricing Rule to February 28, 2011
On February 26, 2010, the Securities and Exchange Commission adopted a new short sale pricing rule – Rule 201 under Regulation SHO.
November 1, 2010 Newsletter Financial Services Update, Vol. 5, Number 40
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
October 25, 2010 Newsletter Financial Services Update, Vol. 5, Number 39
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
October 21, 2010 Briefing UK Government Consultation Begins on Guidance for the Corporate Defense Under the Bribery Act
The UK has published draft guidance in relation to the defense of “Adequate Procedures” under the new Bribery Act, which will enter into force in April 2011.
October 20, 2010 Briefing SEC Proposes New Family Office Exemption from IA Registration
On Tuesday, Oct. 12, 2010, the Securities and Exchange Commission proposed a new rule, based on requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act, that would enable “family offices” to be exempt from investment adviser registration under the Investment Advisers Act of 1940, as amended.
October 18, 2010 Newsletter Financial Services Update, Vol. 5, Number 38
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
October 11, 2010 Newsletter Financial Services Update, Vol. 5, Number 37
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
October 8, 2010 Briefing The Dodd-Frank Act Contains a Management Interlocks Trap for Large Banks and Financial Firms
As financial firms gain experience with the Dodd-Frank Act, the 2,319-page comprehensive financial regulatory reform legislation signed by the president last July, not only are unheralded provisions coming to light, but also subtle indirect consequences of known provisions are also coming to light.
September 27, 2010 Newsletter Financial Services Update, Vol. 5, Number 35
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 24, 2010 Briefing SEC Designates Bursa Malaysia’s Securities Markets as Designated Offshore Markets Under Regulation S
On September 10, 2010 the Securities and Exchange Commission’s Office of International Corporate Finance published its approval of Bursa Malaysia Securities Berhad and, for the limited purpose of trading certain “Shelf-Listed Bonds,” the electronic trading platform operated by Bursa Malaysia Bonds Sdn Bhd., as “designated offshore securities markets” within the meaning of Rule 902(b) of Regulation S under the Securities Act of 1933, as amended.
September 24, 2010 Briefing Basel III Bank Capital Standards
Amid considerable international publicity, the Basel Committee on Banking Supervision’s oversight body, the Group of Governors and Heads of Supervision, on Sunday, September 12, 2010, announced a strengthening of existing bank capital requirements and also endorsed a proposal issued last July for an additional countercyclical capital buffer.
September 20, 2010 Newsletter Financial Services Update, Vol. 5, Number 34
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 17, 2010 Briefing Community Bank Capital and Congress’ Antipathy Toward Credit Ratings
Banks have, since 1985, been subject to a risk-based capital regime under which the amount of capital each is to maintain is to be based upon a rough calculation of the amount of risk in the assets on its balance sheet.
September 16, 2010 Briefing SEC Adopts Shareholder Proxy Access Rules
In a release dated August 25, 2010, the Securities and Exchange Commission adopted final rules that will require public companies to include director nominees proposed by shareholders in the company's proxy materials.
September 14, 2010 Briefing SEC Approves Expansion of Stock-by-Stock Circuit Breaker Program and New Rules for Breaking Erroneous Trades
After extending the period for taking action several times, the Securities and Exchange Commission has approved proposals by each of the national securities exchanges and the Financial Industry Regulatory Authority to expand the coverage of the SROs’ uniform market-wide standards for pausing trades in certain securities that experience rapid price movements.
September 13, 2010 Newsletter Financial Services Update, Vol. 5, Number 33
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 9, 2010 Briefing SEC Adopts Rule to Register Municipal Advisors
The Securities and Exchange Commission has adopted an interim final temporary rule under the Securities Exchange Act of 1934 in order to permit municipal advisors to temporarily satisfy their registration requirement under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
August 30, 2010 Newsletter Financial Services Update, Vol. 5, Number 32
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 23, 2010 Newsletter Financial Services Update, Vol. 5, Number 31
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 16, 2010 Newsletter Financial Services Update, Vol. 5, Number 30
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 5, 2010 Briefing SEC Adopts Changes to Form ADV
The Securities and Exchange Commission has adopted amendments to Part 2 of Form ADV and related rules under the Investment Advisers Act of 1940, as amended, to require investment advisers registered with the SEC to provide new and prospective clients with a narrative brochure and brochure supplements written in plain English.
August 2, 2010 Newsletter Financial Services Update, Vol. 5, Number 29
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
July 29, 2010 Briefing New Iran Sanctions Will Impose New Duties on U.S. Banks, Broker-Dealers, Investment Companies, and Insurance Companies with respect to Certain Accounts Held by Foreign Financial Institutions
On July 1, 2010, while much of the banking and securities industry was singularly focused on financial regulatory reform legislation, the president signed the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010.
July 26, 2010 Newsletter Financial Services Update, Vol. 5, Number 28
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
July 23, 2010 Briefing Dodd-Frank: The Impact on the Hedging Activities of the Corporate Treasurer
What if, on July 21, 2010, the treasurer of a corporate client had sat down with the Winston & Strawn derivatives team to discuss the impact to her of Title VII of the Dodd-Frank Act which was signed into law earlier that day. Set out below is one possible version of a transcript of that discussion.
July 21, 2010 Briefing The Bureau of Consumer Financial Protection: Broad Authority to Regulate Arbitration Agreements
Comprehensive financial reform legislation known as the Dodd-Frank Wall Street Reform and Consumer Protection Act recently passed both houses of Congress and will significantly alter regulation of the financial industry.
July 19, 2010 Newsletter Financial Services Update, Vol. 5, Number 27
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
July 14, 2010 Briefing The Proposed Office of Financial Research: Beware of Its Scope, Mission, and Enforcement Powers
On June 29, 2010, a Congressional Conference Committee released the final version of the financial reform legislation now known as the Dodd-Frank Wall Street Reform and Consumer Protection Act.
July 12, 2010 Newsletter Financial Services Update, Vol. 5, Number 26
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
June 28, 2010 Newsletter Financial Services Update, Vol. 5, Number 25
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
June 21, 2010 Briefing Federal Reserve Board Adopts Credit Card Penalty and Interest Rate Rules
On June 14, 2010, the Federal Reserve Board amended its Regulation Z to implement certain provisions of last year’s Credit Card Accountability, Responsibility, and Disclosure Act. The Board has been periodically adopting regulations to implement various provisions of the CARD Act.
June 21, 2010 Newsletter Financial Services Update, Vol. 5, Number 24
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
June 17, 2010 Briefing Biggest Shakeup in UK Financial Services Regulation and Enforcement in a Decade
Yesterday, the UK government announced a complete overhaul of the financial services industry in the UK, increased focus on white-collar crime, and a review, with possible reform, of the banking industry.
June 15, 2010 Briefing Options Exchanges Adopt Circuit Breaker Trading Halts
On June 10th, in response to the adoption by each of the national securities exchanges and the Financial Industry Regulatory Authority of “circuit breaker” rules for stocks that experience significant market price movements, each of the U.S. options exchanges adopted rules calling for trading in any exchange-listed option contract to be halted whenever trading in the underlying security is paused by the primary listing market.
June 14, 2010 Newsletter Financial Services Update, Vol. 5, Number 23
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
June 11, 2010 Briefing SEC Approves Circuit Breaker Rules
As we discussed in earlier briefings,1 on May 18 and 19, 2010, in response to the unprecedented market volatility on the afternoon of Thursday, May 6, 2010 (which some have referred to as the “flash crash”), each of the national securities exchanges and the Financial Industry Regulatory Authority filed with the Securities and Exchange Commission proposals for uniform market-wide standards for certain securities that experience a rapid price movement.
June 7, 2010 Newsletter Financial Services Update, Vol. 5, Number 22
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
June 4, 2010 Briefing FINRA Proposes Registration of Operations Professionals
On May 26th, the Financial Industry Regulatory Authority published Regulatory Notice 10-25, requesting comment on a proposal to establish registration requirements for broker-dealer operations personnel.
May 26, 2010 Briefing “Durbin Amendment” May Benefit Merchants—Harm Card Issuers, Networks, Processors, and Consumers
On May 13, 2010, the U. S. Senate approved the so-called “Durbin Amendment” to the financial regulatory reform bill, S. 3217, the Restoring American Financial Stability Act, then pending in the Senate.
May 24, 2010 Newsletter Financial Services Update, Vol. 5, Number 21
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
May 19, 2010 Briefing FTC Red Flags Rule Reminder to Financial Institutions and Creditors
Beginning June 1, 2010, the Federal Trade Commission will enforce its Red Flags Rule.
May 17, 2010 Briefing SEC and CFTC Announce Joint Advisory Committee on Emerging Regulatory Issues
On May 11, 2010, the Chairmen of the Securities and Exchange Commission and Commodity Futures Trading Commission announced the formation of a joint advisory committee to address emerging regulatory issues.
May 17, 2010 Newsletter Financial Services Update, Vol. 5, Number 20
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
May 10, 2010 Newsletter Financial Services Update, Vol. 5, Number 19
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
May 3, 2010 Briefing FINRA Announces Timetable for 30-Second Trade Reporting
On April 7, 2010, the SEC published approval of a proposal by the Financial Industry Regulatory Authority to reduce the time frame for reporting over-the-counter transactions in equity securities from 90 to 30 seconds after execution.
May 3, 2010 Newsletter Financial Services Update, Vol. 5, Number 18
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 27, 2010 Briefing SEC Proposes Larger Trader Reporting System
On April 14th, the Securities and Exchange Commission published proposed Rule 13h-1 and Form 13H under Section 13(h) of the Securities Exchange Act of 1934.
April 26, 2010 Briefing FINRA Reminds Broker-Dealers of Obligations in Regulation D Offerings
On April 20, 2010, the Financial Industry Regulatory Authority issued Regulatory Notice 10-22 to remind broker-dealers of their of their obligations to comply with FINRA’s rules governing suitability, communications and supervision when they recommend securities offered under Regulation D promulgated under the Securities Act of 1933, as amended.
April 26, 2010 Newsletter Financial Services Update, Vol. 5, Number 17
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 19, 2010 Briefing SEC Brings Regulation FD Enforcement Action
In March 2010, the SEC brought an enforcement action under Regulation FD against a company and its former CEO for signaling disappointing quarterly results during a phone call received by the CEO from an investment advisor.
April 19, 2010 Newsletter Financial Services Update, Vol. 5, Number 16
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
April 14, 2010 Briefing FINRA Reduces OTC Trade Reporting Window From 90 to 30 Seconds
On April 7, 2010, the SEC published its approval of an amended proposal by the Financial Industry Regulatory Authority to require FINRA members to report over-the-counter transactions in equity securities within 30 seconds of execution.
March 29, 2010 Newsletter Financial Services Update, Vol. 5, Number 13
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 24, 2010 Newsletter Financial Services Update, Vol. 5, Number 12
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 22, 2010 Briefing New NFA Quarterly Reporting Requirements for Registered CPOs
On March 17, 2010, the National Futures Association announced its adoption of new Compliance Rule 2-46: CPO Quarterly Reporting Requirements, which will become effective on March 31, 2010.
March 15, 2010 Newsletter Financial Services Update, Vol. 5, Number 11
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 8, 2010 Newsletter Financial Services Update, Vol. 5, Number 10
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
March 1, 2010 Newsletter Financial Services Update, Vol. 5, Number 9
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 25, 2010 Briefing SEC Votes to Adopt Short Sale Price Restrictions
On February 24th, the Securities and Exchange Commission held an open meeting at which the commissioners voted 3-2 to approve a new short sale pricing rule – Rule 201 under Regulation SHO.
February 22, 2010 Newsletter Financial Services Update, Vol. 5, Number 8
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 15, 2010 Newsletter Financial Services Update, Vol. 5, Number 7
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
February 9, 2010 Briefing SEC Proposes Revisions to Issuer Repurchase Rule
On January 26th, the Securities and Exchange Commission published a proposal to amend Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
January 25, 2010 Newsletter Financial Services Update, Vol. 5, Number 4
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 26, 2010 Briefing SEC Proposes Risk Management Control Rules for Broker-Dealers with Market Access
On January 19th, the Securities and Exchange Commission published for comment proposed Rule 15c3-5 under the Securities Exchange Act of 1934, which would require broker-dealers with access to an exchange or alternative trading system as a result of being a member or subscriber, to implement risk management controls and supervisory procedures reasonably designed to manage the financial, regulatory, and other risks involved in such activity.
January 22, 2010 Briefing SEC Issues Concept Release on Equity Market Structure
As we discussed in a recent briefing, on January 13, the Securities and Exchange Commission approved the issuance of a “concept release” concerning equity market structure, which was published on January 14.
January 15, 2010 Briefing SEC Approves Nasdaq Proposal to Improve Regulation of Sponsored Access
On January 13th, the Securities and Exchange Commission approved a proposal by the Nasdaq Stock Market LLC to modify its rule governing electronic access to Nasdaq’s order execution systems.
January 19, 2010 Newsletter Financial Services Update, Vol. 5, Number 3
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
January 11, 2010 Briefing U.S. House of Representatives Passes its Version of Legislation Requiring Most Private Fund Advisers to Register as Investment Advisers
As we have reported in recent briefings, on December 11, 2009 the United States House of Representatives passed its version of comprehensive financial regulatory reform, The Wall Street Reform and Consumer Protection Act of 2009.
January 11, 2010 Briefing FINRA Proposes New Rules to Govern Applications for Registration and Changes in FINRA-Member Firms
On January 4, 2010, the Financial Industry Regulatory Authority issued Regulatory Notice 10-01, requesting comments on proposed consolidated FINRA Rules governing FINRA’s membership application process.
January 6, 2010 Briefing SEC Adopts Amendment to Advisers Act Custody Rule to Better Protect Investor Funds
The Securities and Exchange Commission has issued a release adopting amendments to Rule 206(4)-2 and related recordkeeping rules and Forms ADV and ADV-E under the Investment Advisers Act of 1940, as amended.
January 4, 2010 Newsletter Financial Services Update, Vol. 5, Number 1
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
December 24, 2009 Briefing The Wall Street Reform and Consumer Protection Act of 2009: Impact on Broker-Dealers and Investment Advisers
On December 11th, the House of Representatives narrowly passed “The Wall Street Reform and Consumer Protection Act of 2009”.
December 23, 2009 Newsletter Greater China Law Update December 2009
Winston & Strawn's Greater China Law Update is a bi-monthly publication covering relevant legal, financial, and economic topics that affect the Chinese and Hong Kong marketplaces.
December 14, 2009 Briefing FINRA Proposes New Rule to Govern Payments to Unregistered Persons
On December 2, 2009, the Financial Industry Regulatory Authority issued Regulatory Notice 09-69, requesting comments on proposed new FINRA Conduct Rule 2040 governing payments to unregistered persons by FINRA member broker-dealers.
December 7, 2009 Briefing FINRA Proposes Shortening Trade Reporting Timeframe to 30 Seconds
The Financial Industry Regulatory Authority is proposing to amend its reporting rules to require that over-the-counter equity transactions be reported within 30 seconds of execution.
December 7, 2009 Newsletter Financial Services Update, Vol. 4, Number 44
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
November 23, 2009 Newsletter Financial Services Update, Vol. 4, Number 43
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
November 16, 2009 Newsletter Financial Services Update, Vol. 4, Number 42
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
November 9, 2009 Newsletter Financial Services Update, Vol. 4, Number 41
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
October 26, 2009 Newsletter Financial Services Update, Vol. 4, Number 39
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
October 19, 2009 Newsletter Financial Services Update, Vol. 4, Number 38
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
October 12, 2009 Newsletter Financial Services Update, Vol. 4, Number 37
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
October 9, 2009 Briefing TALF and Non-Mortgage ABS: Formal Risk Assessment and Expansion of Credit Rating Agency Eligibility
On October 5, 2009, the Federal Reserve Board announced changes to the Term Asset-Backed Securities Loan Facility, which is maintained by the Federal Reserve Bank of New York as authorized on November 24, 2008, and is intended to aid market participants in meeting the credit needs of investors in highly rated asset-backed securities.
October 5, 2009 Newsletter Financial Services Update, Vol. 4, Number 36
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 28, 2009 Newsletter Financial Services Update, Vol. 4, Number 35
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 24, 2009 Briefing A Step-by-Step Action Plan For Conducting Executive Compensation Risk Assessments
The most important year-end 2009 task for Companies, Boards of Directors, and Compensation Committees may be to begin to establish a process for assessing the risk of the Company’s executive and employee compensation programs.
September 23, 2009 Newsletter Greater China Law Update September 2009
Winston & Strawn's Greater China Law Update is a bi-monthly publication covering relevant legal, financial, and economic topics that affect the Chinese and Hong Kong marketplaces.
September 21, 2009 Newsletter Financial Services Update, Vol. 4, Number 34
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
September 14, 2009 Newsletter Financial Services Update, Vol. 4, Number 33
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 31, 2009 Newsletter Financial Services Update, Vol. 4, Number 32
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 24, 2009 Newsletter Financial Services Update, Vol. 4, Number 31
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 18, 2009 Briefing Federal Reserve Extends Term Asset-Backed Securities Loan Facility
On August 17, 2009, the Federal Reserve Board of Governors and the Treasury Department announced the approval of the extension of the Term Asset-Backed Securities Loan Facility.
August 17, 2009 Newsletter Financial Services Update, Vol. 4, Number 30
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 10, 2009 Newsletter Financial Services Update, Vol. 4, Number 29
Winston & Strawn's weekly Financial Services Update publication covers news pertinent to the financial services industry, and provides summary analysis of developments at the SEC, CFTC, OCC, and self-regulatory organizations. This information comes from a myriad of sources and is provided by Winston & Strawn in conjunction with Knowledge Mosaic LLC.
August 7, 2009 Briefing SEC Charges Investment Adviser With Violations of 13D Filing Requirement
On July 21, 2009, the Securities and Exchange Commission announced that it had charged an investment adviser with violating Section 13(d) of the Securities Exchange Act of 1934, as amended and Rule 13d-1 thereunder, for failing to properly report that it had purchased a significant holding in the stock of a public company.
August 2009 Article Rebirth of the Securitization Market
Firm Authors: M. David Galainena, Marvin J. Miller Jr., Michael T. Mullins
August 4, 2009 Briefing The Cuban Case and Confidential Disclosures by Public Companies
The recent U.S. district court opinion in SEC v. Cuban, although unlikely to significantly alter corporate practices, is a useful reminder of best practices for corporations and their advisors and shareholders when giving and receiving confidential information.
August 3, 2009 Briefing SEC Makes Naked Short Sale Rule Permanent - Eliminates Form SH
On July 27, 2009, the Securities and Exchange Commission announced several actions designed to protect against “abusive” short sales and to make more short sale information available to the public.
July 28, 2009 Briefing The American Recovery And Reinvestment Act Of 2009: Payments For Specified Energy Property In Lieu Of Tax Credits For Renewable And Alternative Projects
The newly enacted American Recovery and Reinvestment Act of 2009 represented a transformative shift in Congress’ policy for encouraging the development and operation of renewable and alternative energy projects in the United States.
July 28, 2009 Briefing AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009: ENERGY RELATED APPROPRIATIONS
July 27, 2009 Briefing SEC Approves NYSE Rule Eliminating Broker Discretionary Voting in Uncontested Elections of Directors
On July 1, 2009, the Securities and Exchange Commission approved an amendment to NYSE Rule 452 to eliminate broker discretionary voting for the uncontested election of directors.
July 22, 2009 Briefing EUROPEAN UPDATE: Walking the Line - the Challenge for Proposed Pan-European Reform
Regulators around the world are walking the regulatory tight-rope under pressure to put in place preventative measures to avoid a repeat of what has been one of worst financial crises in 60 years.
July 20, 2009 Briefing Private Fund Investment Advisers Registration Act of 2009
On July 15, 2009, the Department of Treasury announced the Private Fund Investment Advisers Registration Act of 2009, proposed legislation that would require the registration of investment advisers to hedge funds and other private pools of capital, including private equity and venture capital funds.
July 17, 2009 Briefing SEC Issues Order to Allow Certain US Persons to Purchase and Sell Foreign Security Futures Contracts
The Securities and Exchange Commission has issued an order exempting, under certain conditions, certain persons from provisions of the Securities Exchange Act of 1934, as amended that prohibit the offer and sale of foreign listed security futures to U.S. persons.
July 10, 2009 Briefing Supreme Court Holds that States Can Enforce Their Banking Laws Against National Banks Through Litigation
In a decision that could have a broad impact on national banks and other financial institutions, the Supreme Court recently held that a State may enforce its own laws against national banks by bringing prosecutorial litigation against those suspected of violating state law.
July 10, 2009 Briefing Financial Stability and Recovery Program Summary (As of July 1, 2009)
July 8, 2009 Briefing SEC Heightens Standard for Public Company Board Corporate Governance and Pay Practices for Executives
On July 1, 2009, the Securities and Exchange Commission unanimously voted in favor of two new rule proposals that will have broad implications for boards of directors of public companies and the deliberative process used to decide and disclose meaningful information to investors and shareholders.
July 8, 2009 Briefing Developments in Regulation of Municipal Securities Marketplace Participants
This briefing discusses recent developments in the regulatory and legislative arenas that foreshadow increased regulation of participants in the municipal securities marketplace.
June 2009 Article Regulatory Update: COBRA Continuation Health Coverage Under the American Recovery and Reinvestment Act
Firm Authors: Linda Lemel Hoseman
June 19, 2009 Briefing Reminder: Report of Foreign Bank and Financial Accounts (FBAR) is Due June 30, 2009
Any United States person who has a financial interest in, or signature or other comparable authority over, a “financial account” in a foreign country is required to file a report with the IRS if the aggregate value of such accounts exceeds $10,000 at any time during the calendar year.
June 19, 2009 Briefing Obama Administration Proposes Comprehensive Reform of Financial Regulation: Impact of the Bank Regulatory Overhaul
This Briefing provides a summary of the sections of the Proposal related to the changes in the supervision of banking and financial organizations.
June 19, 2009 Briefing Obama Administration Proposes Comprehensive Reform of Financial Regulation: Aligning Compensation Practices With the Interests of Shareholders and the Stability of Financial Firms and the Financial System
On June 17th, the Obama administration released its long-anticipated proposal for financial regulatory reform. The 88-page Proposal contains several items related to executive compensation, which generally track the President’s June 10 proposal to reform the executive compensation process.
June 19, 2009 Briefing Obama Administration Proposes Comprehensive Reform of Financial Regulation: Impact on Broker-Dealers and Investment Advisers
While the Proposal is broadly designed to address issues across the spectrum of financial services and products, there are several parts of the Proposal that directly impact the activities, policies, and procedures of broker-dealers and investment advisers.
June 19, 2009 Briefing Obama Administration Proposes Comprehensive Reform of Financial Regulation: OTC Derivatives
The Proposal purports to identify the most significant causes of the current financial crisis. In the context of the over-the-counter derivatives market, the Proposal includes among such causes: the build-up and concentration of risk, often in “opaque and complex” ways; excessive risk taking by significant market participants; poor counterparty credit risk management by many banks; and a lax regulatory regime.
June 19, 2009 Briefing Obama Administration Proposes Comprehensive Reform of Financial Regulation: SEC Registration of Advisers to Hedge Funds and Other Private Pools of Capital; Harmonization of Securities and Futures Regulation and Investment Adviser/Broker-Dealer Regulation
Much of the Proposal represents a significant shift in the government’s role in the financial markets, as it takes on a much more active position with respect to the protection of consumers of financial products and services and the supervision of “systemic risk.”
June 19, 2009 Briefing Obama Administration Proposes Comprehensive Reform of Financial Regulation: Strengthening Supervision of Securitization Markets
Included in the Proposal are measures intended to strengthen the regulation of core markets and market infrastructure, and to increase transparency with respect to the distribution of risks associated with certain, particularly newer, financial instruments. To that end, the Proposal specifically addresses the need to strengthen and further regulate securitization markets.
June 5, 2009 Briefing New Legislation Likely to Effect Substantial Changes to Credit Card Industry
On May 22, 2009, President Obama signed into law the Credit Card Accountability Responsibility and Disclosure Act of 2009.
June 1, 2009 Briefing Comprehensive Bills to Re-Regulate US Commodities and OTC Derivatives Industry: Stupak and Waxman-Markey Legislation – Back to the Futures
On May 14, 2009, Congressman Bart Stupak introduced the “Prevent Unfair Manipulation of Prices Act of 2009” to reform the existing regulatory scheme for the over-the-counter derivatives and energy commodities industry.
May 2009 Article Recent Economic Recovery Legislation Contains Significant New Executive Compensation Requirements
Firm Authors: Linda Lemel Hoseman
May 22, 2009 Briefing Regulatory Reform of Over-the-Counter (OTC) Derivatives
On 13 May 2009, the Obama administration announced its objectives for regulatory reform of the over-the-counter derivatives markets, a key element of the new regulatory rules of the road that were announced in late March 2009 by Treasury Secretary T. Geithner in response to the current financial crisis.
May 22, 2009 Briefing SEC Proposes Amendment to Advisers Act Custody Rule to Better Protect Investor Funds Against Madoff-Type Investment Scams
The Securities and Exchange Commission in an open meeting on May 14, 2009 approved the issuance of a release proposing for comment amendments to Investment Advisers Act Rule 206(4)-2 — Custody of Funds or Securities of Clients by Investment Advisers to address gaps in protections for investors who entrust their money to SEC-registered investment advisers.
May 20, 2009 Briefing Update 5: Summary of Federal Reserve’s Term Asset-Backed Securities Loan Facility
On March 3, 2009, the Federal Reserve Board of Governors announced the launch of the Term Asset-Backed Securities Loan Facility, which is designed to stimulate the lending markets by providing financing to investors who purchase certain qualifying asset-backed securities.
May 2008 Article The Era of ‘Busted Deals’?
Firm Authors: Matthew J. Botica
May 4, 2009 Briefing Update 4: Summary of Federal Reserve’s Term Asset-Backed Securities Loan Facility
On March 3, 2009, the Federal Reserve Board of Governors announced the launch of the Term Asset-Backed Securities Loan Facility, which is designed to stimulate the lending markets by providing financing to investors who purchase certain qualifying asset-backed securities.
2009 Year in Preview 2009 Year in Preview: Resources
Educational resources designed to help clients and friends simplify their business lives.
2009 Year in Preview 2009 Year in Preview: Financial Markets
In the wake of the financial meltdown, “we will have a very different regulatory landscape.”
April 2009 Briefing Global Financial Markets Spotlight – United Kingdom
Summary of Fiscal Recovery Measures Implemented in the United Kingdom
April 7, 2009 Briefing A Spotlight on the Turner Review
On 18 March 2009, Lord Turner, Chairman of the UK Financial Services Authority, published his review of the causes of the current crisis and his recommendations on the changes in regulation and supervisory approach needed to create a more robust banking system for the future.
April 7, 2009 Newsletter Greater China Law Update April 2009
Winston & Strawn's Greater China Law Update is a bi-monthly publication covering relevant legal, financial, and economic topics that affect the Chinese and Hong Kong marketplaces.
March 31, 2009 Briefing Chinese Manufacturers’ Remedies and Strategies When Dealing with Financially Distressed Buyers in the United States
China’s exports to the United States, its top trading partner and export destination, have increased dramatically in the last decade.
March 31, 2009 Briefing Chinese Manufacturers’ Remedies and Strategies When Dealing with Financially Distressed Buyers in the United States
(Simplified Chinese Version)
March 31, 2009 Briefing Chinese Manufacturers’ Remedies and Strategies When Dealing with Financially Distressed Buyers in the United States
(Traditional Chinese Version)
March 2009 Article Certain Recent Entrepreneurial Responses to China’s Mergers & Acquisitions Rules
Firm Authors: Simon C.M. Luk
March 19, 2009 Briefing FINRA Proposes Consolidated Limit and Market Order Protection Rule
The Financial Industry Regulatory Authority, as part of its development of a consolidated rulebook incorporating FINRA, NASD, and New York Stock Exchange rules, is proposing new FINRA Rule 5320 governing protection of customer orders.
March 12, 2009 Briefing Global Financial Markets Spotlight – Hong Kong
Summary of Measures Implemented by the Hong Kong Special Administrative Region Government.
March 12, 2009 Briefing Global Financial Markets Spotlight – People’s Republic of China (PRC)
Summary of Measures Implemented by the PRC Government (as of March 3, 2009)
March 11, 2009 Briefing Update 3: Summary of Federal Reserve’s Term Asset-Backed Securities Loan Facility
On March 3, 2009, the Federal Reserve Board of Governors announced the launch of the Term Asset-Backed Securities Loan Facility, which is designed to stimulate the lending markets by providing financing to investors who purchase certain qualifying asset-backed securities.
March 9, 2009 Briefing Forward-Looking Capital Assessments and the Capital Assistance Program
On February 25, 2009, the federal bank regulatory agencies began forward-looking economic assessments of large U.S. banking organizations with at least $100 billion in assets.
February 25, 2009 Briefing Tracking and Accountability in an Age of Financial Stability Plans
In recent months, lawmakers have called for greater accountability, transparency, and tracking of proceeds in the government’s financial stability program.
February 2009 Article Geithner Got it Right
Firm Authors: Marvin J. Miller Jr.
February 19, 2009 Briefing Accountability and Transparency Under the American Recovery and Reinvestment Act
The American Recovery and Reinvestment Act establishes numerous government oversight bodies charged with responsibilities ranging from generating information on institutions receiving government assistance to disseminating information regarding the effect of this unprecedented economic stimulus package.
February 19, 2009 Briefing New Executive Compensation Limitations Under the American Recovery and Reinvestment Act
On October 3, 2008, President Bush signed into law the Emergency Economic Stabilization Act. EESA established the Troubled Assets Relief Program. On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act which, among other things, amended the executive compensation provisions of EESA.
February 19, 2009 Briefing Adding Insult to Injury – How the Tax Code Complicates Amending Financing Transactions
Few people would be surprised to discover that if a creditor forgives a debt or allows a debtor to retire a debt for an amount that is less than the amount originally borrowed by the debtor, the Internal Revenue Service will tax the amount of the forgiveness or discount as ordinary income.
February 19, 2009 Briefing Provisions of the Stimulus Legislation Affecting Tax-Exempt Financing
The following is intended only as a general summary of those provisions of the American Recovery and Reinvestment Act of 2009 affecting the tax-exempt financing provisions of the Internal Revenue Code of 1986.
February 12, 2009 Briefing The Hedge Fund Transparency Act of 2009: A New Legislative Initiative Calling for Increased Oversight of Private Investment Funds
Senators Charles Grassley and Carl Levin have proposed the Hedge Fund Transparency Act of 2009, legislation that would require hedge funds and other private investment funds to register with the Securities and Exchange Commission under the Investment Company Act of 1940.
February 11, 2009 Briefing Update 2: Summary of Federal Reserve’s Term Asset-Backed Securities Loan Facility
On November 25, 2008, the Federal Reserve Board of Governors announced the creation of the Term Asset-Backed Securities Loan Facility. The Federal Reserve published revised terms and conditions for, and a question and answer summary related to, TALF on December 19, 2008.
February 9, 2009 Briefing Troubled Assets Relief Program: Recent Developments Regarding Tracking and Monitoring Use of Capital Purchase Program Funds
The U.S. Department of the Treasury announced its Capital Purchase Program as part of the Troubled Assets Relief Program under the Emergency Economic Stabilization Act of 2008 late last year. Under the CPP, Treasury purchases from financial institutions preferred stock and warrants to purchase common stock.
February 2009 Article SEC Mark-to-Market Report
Firm Authors: Marvin J. Miller Jr.
January 21, 2009 Briefing UK Announces Second Wave of Credit Market Stimuli and Innovative Insurance Safety Net for UK Lenders
On January 19, 2009, British Prime Minister Gordon Brown announced a second wave of plans aimed at kick starting the flow of credit in the UK by restoring confidence and encouraging British banks to start lending again to both individuals and businesses. Our London office briefing outlines the key features of these innovative plans.
December 23, 2008 Briefing Update 1: Summary of Federal Reserve’s Term Asset-Backed Securities Loan Facility
On December 19, 2008, the Federal Reserve announced revised terms and conditions related to the Term Asset-Backed Securities Loan Facility. This client briefing is an update to the client briefing on the same subject that we distributed on November 26, 2008.
December 5, 2008 Briefing SEC Provides Guidance for Financial Institutions Filing Proxy Statements in Connection with the TARP Capital Purchase Program
On November 24, 2008, the staff of the SEC Division of Corporation Finance published guidance for financial institutions that participate in the Capital Purchase Program under the U.S. Department of Treasury Troubled Asset Relief Program. The guidance is directed to institutions that may be required to file proxy statements on Schedule 14A or information statements in connection with the issuance of securities under the CPP.
December 3, 2008 Briefing FDIC Temporary Liquidity Guarantee Program Chart
Winston & Strawn has created this summary chart relating to the FDIC Temporary Liquidity Guarantee Program final rule.
November 26, 2008 Briefing Summary of Federal Reserve’s TALF and Program to Purchase GSE Obligations
On November 25, 2008, the Federal Reserve announced the creation of a Term Asset-Backed Securities Loan Facility and a program to purchase direct obligations of housing-related, government-sponsored entities (GSEs) and mortgage-backed securities guaranteed by GSEs.
November 24, 2008 Briefing FDIC Issues Final Temporary Liquidity Guarantee Program Rule
On November 21, 2008, the Federal Deposit Insurance Corporation issued a final rule to strengthen its Temporary Liquidity Guarantee Program. In addition, the final rule clarifies issues that were raised during the comment period following the issuance of the Temporary Liquidity Guarantee Program Interim Rule in October 2008. The final rule will be effective upon publication in the Federal Register, which is expected on Wednesday, November 26, 2008.
October 30, 2008 Briefing Ordonnance n°2008-1081 du 23 Octobre 2008 Portant Réforme de la Gestion D’actifs pour Compte de Tiers : le Gouvernement Donne aux OPCVM les Outils de Gestion de la Crise
Les porteurs de parts d’OPCVM peuvent à tout moment demander le rachat de leurs parts. Le porteur est alors en droit de recevoir une somme correspondant à la valeur liquidative majorée ou diminuée, selon le cas, des frais et commissions.
October 30, 2008 Briefing Order n°2008-1081 of October 23, 2008 Relating to the Reform of Third-Party Asset Management: the Government gives UCITS the Tools for Managing the Crisis
The holders of the UCITS units can at any time demand the redemption of their units. The holders thus have the right to receive an amount corresponding to the net asset value, either decreased or increased, as the case may be, for fees and commissions.
October 22, 2008 Briefing SEC Adopts Rules Relating to Short Selling
On October 14 and 15, 2008, the SEC issued four separate releases adopting rules designed to address the continuing concern with short sales in equity securities, especially abusive “naked” short selling.
October 16, 2008 Briefing EESA/TARP Recent Developments
The U.S. Department of the Treasury, the Federal Deposit Insurance Corporation, and the Federal Reserve Board have provided additional guidance with respect to the implementation of the Economic Emergency Stabilization Act of 2008 and the Troubled Asset Relief Program.
October 14, 2008 Briefing New Law Eliminates Fund Managers’ Future Offshore Fee Deferrals
This client briefing addresses the new Section 457A of the Internal Revenue Code of 1986, which was signed into law on October 3, 2008 as part of the Emergency Economic Stabilization Act of 2008, and which effectively eliminates the ability of hedge fund managers to defer fees earned from offshore funds.
October 7, 2008 Briefing SEC Ends Temporary Prohibition on Short Selling of Financial Stocks
The SEC’s Division of Trading and Markets has announced that the emergency order prohibiting short sales in the securities of financial institutions will expire at 11:59 p.m. Eastern time on Wednesday, October 8, 2008.
October 3, 2008 Briefing SEC Extends Actions Addressing Short Sales and Current Market Conditions
On October 1, the SEC announced that it was extending the emergency orders that it issued on September 17 and September 18, 2008, addressing short selling and other matters relating to the current market situation.
September 24, 2008 Briefing SEC Amends Emergency Orders Relating to Current Market Conditions
On September 21, 2008, the SEC issued amendments to two of the emergency orders that it issued on Thursday, September 18 relating to short sales of financial stocks and reporting of short positions in equity securities.
September 19, 2008 Briefing SEC Issues Three Emergency Orders to Address Current Market Conditions
Late in the evening on September 18, the SEC issued a series of emergency orders designed to protect the securities market and strengthen investor confidence. These orders temporarily prohibit short selling of the stocks of nearly 800 financial companies, require institutional money managers to report short sales and short positions in certain publicly traded securities, and ease restrictions on the ability of issuers to repurchase their securities.
September 17, 2008 Briefing SEC Adopts New Short Sale Rules Effective September 18, 2008
On September 17, the Securities and Exchange Commission announced several coordinated actions to strengthen investor protections against “naked” short selling. These actions will apply to securities of all public companies.  The actions are effective as of 12:01 AM on Thursday, September 18.  The SEC’s actions go beyond the emergency order that was issued in July, which was limited to selected financial services firms with access to the Federal Reserve’s Primary Dealer Credit Facility.
July 30, 2008 Briefing SEC Extends Emergency Order Restricting Short Sales of GSEs and Primary Dealers
This briefing addresses the SEC's extension of its Emergency Order restricting short sales of GSEs and Primary Dealers.
July 21, 2008 Briefing Division of Trading & Markets Clarifies Emergency Order Restricting Short Sales of GSEs and Primary Dealers
This client briefing regards the SEC Division ofTrading & Markets' release clarifying the SEC's emergency order restricting short sales of GSEs and Primary Dealers.
July 18, 2008 Briefing SEC Issues Emergency Order Restricting Short Sales of GSEs and Primary Dealers
This briefing addresses the SEC's Order restricting short sales of GSEs and Primary Dealers.