On March 15th, the SEC reopened the comment period for proposed rules and amendments related to cybersecurity risk management and cybersecurity-related disclosure for registered investment advisers, registered investment companies, and business development companies. The rules and amendments were initially proposed by the SEC on February 9, 2022, with a comment period that ended on April 11, 2022. Continue reading "SEC Reopens Comment Period for Cybersecurity..." »

On March 15th, the SEC proposed enhancements to Regulation S-P, the regulation which protects the privacy of consumer financial information. The proposed changes would require covered institutions (broker-dealers, investment companies, registered investment advisers, and transfer agents) to keep affected individuals apprised of certain types of data breaches that may put them at risk. Continue reading "SEC Proposes Revisions to Regulation S-P to..." »

XBRL US’ Data Quality Committee (DQC) will host an online meeting for industry leaders to discuss plans to implement rules and guidance for public companies complying with the SEC’s XBRL requirements. The one-hour webinar will take place on Tuesday, March 21, 2023 and will begin at 12:00 p.m. ET. {expires: 2023-03-22} Continue reading "XBRL US Staff to Hold Data Quality Committee..." »

The FERC staff will hold its monthly open meeting via webcast on ferc.gov on Thursday, March 16, 2023, at 10:00 a.m. ET. The one-hour meeting is open for the public to attend. {expires: 2023-03-17} Continue reading "FERC to Hold March Open Commission Meeting" »

The SEC’s Division of Investment Management and Division of Trading and Markets will hold an open meeting via webcast on sec.gov to address matters related to Regulation S-P, the Cybersecurity Risk Management Rule, and Regulation SCI. The meeting will take place on Wednesday, March 15, 2023 at 10:00 a.m. ET, and is free and open for the public to attend. {expires: 2023-03-16} Continue reading "SEC Staff to Hold Open Meeting on Regulations..." »

The FERC has adopted two new extreme cold weather reliability standards intended to implement key recommendations from the joint inquiry into 2021’s Winter Storm Uri to prevent severe power outages like those that affected millions of customers in Texas and the South Central states. Continue reading "FERC Adopts New Extreme Cold Weather..." »

On March 7th, the SEC announced that it has revised its list of unregistered entities that use inaccurate data to solicit mainly non-US investors. This update includes 96 soliciting entities, three impersonators of real firms, and five bogus regulators. Continue reading "SEC Updates PAUSE List of Firms Using..." »

The SEC has announced that it has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 65). This draft Volume II of the EDGAR Filer Manual is accessible to filers in anticipation of feedback, and to help issuers prepare for potential modifications to the EDGAR system detailed in the draft and scheduled to be implemented in EDGAR Release 23.1 on March 20, 2023. Continue reading "SEC Releases New Draft EDGAR Filer Manual for..." »

On March 1st, the SEC announced that it has determined that a mid-year adjustment to the Section 31 fee rate for fiscal year 2023 is not required. The fee rates that apply to most securities transactions will remain at the current rate of $8.00 per million (as previously announced in January 2023). The rate will remain in place until September 30, 2023 or 60 days following the passing of a regular FY 2024 appropriation, whichever is later. Additionally, the Section 31 assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction. Continue reading "SEC Issues Fee Rate Advisory #3 For Fiscal Year..." »

On February 21st, the SEC announced that it is adopting an amendment to Regulation S-T to extend the filing deadline for Form 144. The SEC is also adopting technical amendments to improve the consistency of recently updated provisions related to the filing format of Form 144. Continue reading "SEC Approves Final Rules to Extend Form 144..." »

The SEC has proposed new rule changes under the Investment Advisers Act of 1940, under which investment advisers are regulated. The changes are designed to improve protections of investor assets managed by investment advisers registered with the SEC. Pursuant to the act, the proposed new safeguarding rule would also revise and renumber current custody rule 206(4)-2. Additionally, the SEC is proposing amendments to the recordkeeping rule under the Act and to Form ADV for investment adviser registration under the Act.

Continue reading "SEC Proposes Amendments to Enhance Safeguarding..." »

The SEC has announced a virtual Investor Advisory Committee meeting that will take place on Thursday, March 2, 2023, at 10:00 a.m. ET. The public may attend this free event, which will be presented live via webcast at sec.gov. {expires: 2023-03-03} Continue reading "SEC Staff to Hold Investor Advisory Committee..." »

The SEC has adopted final rules related to the duration of the standard settlement cycle for most broker-dealer transactions, as well as the processing of institutional trades by broker-dealers and certain clearing agencies. Additionally, the SEC is amending certain recordkeeping requirements applicable to registered investment advisers. Continue reading "SEC Adopts Rules to Reduce Risks in Clearance..." »