Topic: SEC (USA)

A relentless rush of radical rulemakings? SEC’s Peirce critiques new SEC regulatory agenda

The US Securities & Exchange Commission has rolled out a “crammed” agenda for the next six months, but a frequent dissenting commissioner has said the regulator is straying from its core mission in favour of “shiny objects”.

27 June 2022

SEC’s administrative proceedings unconstitutional, appeals court rules

A US appeals court has found the SEC’s in-house administrative adjudication system lacks proper constitutional grounds – a ruling which practitioners say could “significantly limit” the regulator's enforcement activities.

23 May 2022

SEC nearly doubles crypto enforcement unit

The US securities regulator is set to turn its cyber unit into a newly reinforced crypto and cyber unit, as the CFTC, CFPB, OCC and FDIC all make overtures to regulating the space.

05 May 2022

Gensler calls on FINRA to improve market transparency

The US Securities and Exchange Commission chair Gary Gensler has called on the country’s financial industry self-regulation body to enhance bond market transparency by shortening trade report times and publicising Treasury transactions.

29 April 2022

EU banks set to disclose “adverse impacts” under new SFDR standards

The European Commission has become the latest body to address climate risk reporting at banks, less than a week after the ISSB issued its draft global standards for sustainability disclosures.

07 April 2022

SEC targets SPACs

The US securities regulator is set to apply heavier disclosure restrictions to special purpose acquisition companies, issuing a clutch of measures that a dissenting commissioner has warned will reduce SPAC transactions to just another form of IPO.

31 March 2022

“A good start”: SEC releases long-awaited climate risk disclosure proposals

The US securities regulator has issued its long anticipated proposals for mandatory climate risk disclosures – including requirements related to scope 3 emissions, scenario analysis, and transition plans.

23 March 2022

SEC unveils “aggressive” new cybersecurity protocol for banks

The United States’ securities watchdog has released new cybersecurity rules mandating public companies to disclose all cyber-attacks within four days – posing a “significant burden” on banks, according to practitioners.

14 March 2022

BlockFi hails "regulatory clarity" after US$100 million SEC settlement

US crypto platform BlockFi has reached a settlement with the SEC after the regulator labelled its interest-earning accounts as unregistered securities, in what practitioners have labelled a “path to regulatory clarity”.

16 February 2022

SEC insider trading reform “challenging to implement”, practitioners say

Practitioners say elements of the SEC’s plan to remedy “critical gaps” in its insider trading regime would be “significant departures” from established practice.

21 January 2022

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