Operations Content

On August 27, the Securities and Exchange Commission issued a request for information and public comment on broker-dealer and investment adviser digital engagement practices (RFI). The RFI, which is summarized below, includes questions about broker-dealer and investment adviser use of...

Earlier this week, the SEC sanctioned eight firms in three actions for failures in their data security practices relating to cloud-based email accounts. While the respondents in these actions neither admitted nor denied the alleged violations, below are the findings from the SEC's...

The OBO/NOBO Working Group, an industry working group created at the SEC staff's request, yesterday submitted the attached report to the SEC staff ("Report"). Significantly, Working Group participants representing broker-dealers, public companies, and funds agreed that the SEC should...

On 20 August 2021, the Standing Committee of the National People's Congress (NPC), China's top legislative authority, adopted the Personal Information Protection Law of the People's Republic of China, the first law specifically regulating the protection of personal data in China.

On 10 June 2021, the Standing Committee of the National People's Congress (NPC), China's top legislative authority, enacted the Data Security Law of the People's Republic of China (DSL). The DSL will take effect on 1 September 2021.

On August 18, the Securities and Exchange Commission, pursuant to delegated authority, issued an order ("Order") disapproving the New York Stock Exchange's (NYSE) proposed rule change on maximum fees to be charged by member organizations for forwarding proxy and other materials to...

On July 21, 2021, SEC Chair Gary Gensler made a speech at the American Bar Association Derivatives and Futures Law Committee Virtual Mid-Year Program. Gensler's speech highlighted the Securities and Exchange Commission's agenda regarding security-based swaps (SBSs). Highlights of the...

On July 29, the ARRC issued a formal recommendation for the use of forward-looking term SOFR rates as part of market transition from USD LIBOR. Most tenors of USD LIBOR will cease on June 30, 2023.

The primary, secondary, and NRA layouts (all in excel spreadsheet form) for use by regulated investment companies ("RICs") in reporting 2021 year-end tax information to brokers and banks are available on the Institute's website.