Security Based Swap News Today

January 10, 2024- The U.S. House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing entitled, "Regulatory...

The SEC adopted two new rules on June 7 aimed at preventing fraud and manipulation specific to security-based swap transactions and the entities that trade them, including a unique rule preventing undue influence over chief compliance officers.

<p><span>Today, the Commodity Futures Trading Commission (Commission or CFTC) filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois against Binance Holdings Limited, Binance Holdings (“IE”) Limited, Binance (“Services”) Holdings Limited (collectively, “Binance”), and Binance’s CEO, Changpeng Zhao (“Zhao”or “CZ”), and former Chief Co...

On February 7, 2023, the Securities and Exchange Commission’s (SEC) Division of Examinations (EXAMs) announced its 2023 Examination Priorities (the “Priorities”), which highlight areas...

REGULATORY UPDATES - Recent SEC Leadership Changes - The Securities and Exchange Commission (the “SEC”) announced that Megan Barbero, currently SEC...

Regulatory Developments - FinCEN Finalizes Rule Implementing Beneficial Ownership Reporting Requirements Under the Corporate Transparency Act - On Septembe...

On February 10, 2022, the Securities and Exchange Commission (the "SEC") proposed substantial amendments to the reporting regime for beneficial owners of greater than 5% in public companies.

Under the current recordkeeping requirement for broker-dealers, set forth in SEC Rule 17a-4, broker-dealers may retain records in paper format or electronically.

This report provides a snapshot of the US Executive Branch priorities via daily schedules and the prior day's press releases.

<p><span>The Security-Based Swap (SBS) Transaction Reporting Party Requirements Suggested Operational Practices (SOP) establishes the hierarchy and tie-breaker logic to determine a single reporting counterparty for SEC security-based swap reporting (SBSR). The document leverages the existing reporting party standards published by ISDA for CFTC and Canada, therefore allowing reporting entities to reuse aspects of their existing builds and to accommodate multi-jurisdictional reporting ...