SEC Commissioner Hester M. Peirce criticized ESG mandates for distorting capital flows, obscuring material information and rewarding “lobbying prowess.”
The full update can be found here on our US Regulatory Intelligence platform.
MFA requests further extension on Form PF compliance deadline
The Managed Funds Association urged the SEC and the CFTC to further delay the compliance date on new requirements to private fund reporting, citing operational burdens and ongoing regulatory changes.
The full update can be found here on our US Regulatory Intelligence platform.
SEC Leaders Emphasize Need for Economic Rigor in Rulemaking
At the 12th Annual Conference on Financial Market Regulation, SEC Chair Paul Atkins and Commissioner Hester M. Peirce stressed the importance of economic analysis in shaping regulatory policy and cautioned against regulatory overreach that could harm US capital markets.
The full update can be found here on our US Regulatory Intelligence platform.
SEC Commissioners Debate New Approach to Innovation, Rulemaking and Crypto
SEC Chair Paul Atkins and Commissioners Hester Peirce, Caroline Crenshaw, and Mark Uyeda offered differing views on the agency’s changing regulatory posture on crypto, enforcement and financial innovation.
The full update can be found here on our US Regulatory Intelligence platform.
Task force on Monetary Policy Examines Treasury Market Volatility
Before the House Financial Services Committee, Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, witnesses focused on treasury market volatility, treasury market liquidity, and the increase in US debt.
The full update can be found here on our US Regulatory Intelligence platform.
SEC Updates Guidance to Facilitate Broker-Dealer Involvement in Crypto
The SEC Division of Trading and Markets (the Division) updated FAQs clarifying broker-dealer obligations and regulatory considerations for crypto asset activities and distributed ledger technology. The Division and FINRA’s Office of General Counsel also withdrew a 2019 Joint Statement regarding broker-dealer custody of digital asset securities.
The full update can be found here on our
SIFMA to SEC on Digital Assets: Ensure Investor Protection; Apply Existing Principles
SIFMA and the SIFMA Asset Management Group urged the SEC to “apply existing and well-understood securities regulatory principles to digital assets, rather than creating a distinct architecture for this class of assets and transactions.”
The full update can be found here on our US Regulatory Intelligence platform.
SEC Commissioners Kick Start Debate on Tokenization
At the fourth SEC Crypto Task Force roundtable, SEC Commissioners framed the regulatory issues over asset tokenization.
The full update can be found here on our US Regulatory Intelligence platform.
SEC Commissioners Push for Improving the Small Offering Exemption Framework
At a meeting of the SEC’s Small Business Capital Formation Advisory Committee, SEC Chair Paul Atkins and Commissioner Hester Peirce emphasized the need to lower costs and to reexamine the utility of Regulation A (“Conditional Small Issues Exemption”) as a capital-raising tool.
The full update can be found here on our US Regulatory Intelligence platform.