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Changes address reality of investment advisers providing advisory services exclusively online.
The final rule will affect publicly-traded companies with business in the US – from retail and tech giants to oil and gas behemoths.
America’s regulators say new rules will help maintain the dominance of US Treasuries, but others fear higher costs and lower liquidity.
Amendments to Form PF oblige advisers to private funds to give the SEC and FSOC more reporting details.
New rules require firms that routinely deal in US government bonds to register as broker-dealers and face stricter oversight.
Rules target deals involving SPACs – or shell companies that raise funds through a listing with the intention of acquiring a private company and taking it public.
Companies now need to disclose on risk management, strategy and governance procedures – and on material cyber incidents by December 18.
In an important set of new rules, the SEC has mandated more central clearing in the US Treasury market to help it absorb ever-increasing Treasury issuances.