SEC Adopts Final Rules for the Disclosure of Payments by Resource Extraction Issuers
Washington D.C. (Newsfile Corp. - December 16, 2020) - The Securities and Exchange Commission today voted to adopt final rules that will require resource extraction issuers that are required to file reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 to disclose payments made to the U.S. federal government or foreign governments for the commercial development of oil, natural gas, or minerals. The rules implement Section 13(q) of the Exchange Act, which was added by the Dodd-Frank Wall Street Reform and Consumer Protection Act ( Dodd-Frank Act ). The rules are intended both (1) to achieve the statutory objective of increasing the transparency of payments to governments for the purpose of the commercial development of their oil, natural gas, and minerals and (2) to comply with the Congressional Review Act (CRA).
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SEC Adopts Clearing Agency Rule To Limit Potential For Overlapping Or Duplicative Regulation Date
16/12/2020
The Securities and Exchange Commission today announced that it has adopted a rule to limit the potential for overlapping or duplicative regulation within its security-based swap regulatory regime. Specifically, the rule exempts certain activities of security-based swap execution facilities and security-based swap dealers from triggering the requirement also to register as a clearing agency, in line with similar exemptions for broker-dealers and national securities exchanges.
“This rule helps ensure that the various types of regulated security-based swap entities are subject to regulations tailored to their specific functions,” said Brett Redfearn, Director of the Division of Trading and Markets. “In seeking this result, the rule also should help the Commission’s regime for security-based swaps launch smoothly when dealer registration begins next year.”
FOR IMMEDIATE RELEASE Washington D.C., Dec. 16, 2020
The Securities and Exchange Commission today voted to adopt final rules that will require resource extraction issuers that are required to file reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 to disclose payments made to the U.S. federal government or foreign governments for the commercial development of oil, natural gas, or minerals. The rules implement Section 13(q) of the Exchange Act, which was added by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”). The rules are intended both (1) to achieve the statutory objective of increasing the transparency of payments to governments for the purpose of the commercial development of their oil, natural gas, and minerals and (2) to comply with the Congressional Review Act (CRA).
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Huntington Bancshares And TCF Financial Corporation Announce Merger To Create Top 10 U.S. Regional Bank
December 14, 2020 GMT
Huntington Bancshares Incorporated logo (PRNewsfoto/Huntington Bancshares Incorpora)
COLUMBUS, Ohio and DETROIT, Dec. 13, 2020 /PRNewswire/ Huntington Bancshares Incorporated (“Huntington”) (Nasdaq: HBAN; www.huntington.com ), the parent company of The Huntington National Bank, and TCF Financial Corporation (“TCF”) (Nasdaq: TCF; www.tcfbank.com ), the parent company of TCF National Bank, today announced the signing of a definitive agreement under which the companies will combine in an all-stock merger with a total market value of approximately $22 billion to create a top 10 U.S. regional bank with dual headquarters in Detroit, Michigan and Columbus, Ohio.