The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury reset Corporate Transparency Act (CTA) reporting deadlines. However, on December 26, 2024, the Fifth Circuit Court of Appeals issued a...more
12/30/2024
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Constitutional Challenges ,
Corporate Transparency Act ,
Corruption ,
Financial Crimes ,
FinCEN ,
National Security ,
Popular ,
Preliminary Injunctions ,
Regulatory Requirements ,
Reporting Requirements ,
Stays
Several cities in California successfully petitioned for a writ of mandate seeking the invalidation of California Senate Bill 9 (the HOME Act)....more
As 2022 drew to a close, the Board of Federal Governors of the Federal Reserve System (Federal Reserve) adopted a final rule addressing “legacy contracts” in order to avert financial chaos due to potential breaches of...more
On April 8, 2020, the Alternative Reference Rate Committee (“ARRC”) agreed to align itself with the International Swaps and Derivatives Association, Inc. (“ISDA”), in recommending to the market a “spread adjustment”...more
4/10/2020
/ Alternative Reference Rates Committee (ARRC) ,
Banking Sector ,
Benchmarks ,
Central Counterparties ,
Clearing Agencies ,
Derivatives ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Interest Rates ,
Libor ,
Market Participants ,
Secured Overnight Funding Rate (SOFR) ,
Strategic Planning ,
Swaps ,
UK
February 13, 2020 was the effective date (the “Effective Date”) for final regulations issued by the U.S. Department of the Treasury (“Treasury”) on behalf of the Committee on Foreign Investment in the United States (“CFIUS”)....more
2/27/2020
/ CFIUS ,
Critical Infrastructure Sectors ,
Cross-Border Transactions ,
Exemptions ,
Final Rules ,
FIRRMA ,
Foreign Investment ,
Investment Funds ,
Investment Opportunities ,
Real Estate Investments ,
Real Estate Transactions ,
Regulatory Reform ,
Regulatory Requirements ,
Rulemaking Process ,
U.S. Treasury
This program, co-sponsored by Seyfarth and Kroll, a division of Duff & Phelps, will bring into sharper focus the application of new regulations issued by Treasury on behalf of the Committee on Foreign Investment in the United...more
2/12/2020
/ Acquisitions ,
CFIUS ,
Data Transfers ,
Data-Sharing ,
Events ,
Final Rules ,
Foreign Investment ,
Intellectual Property Protection ,
Investment Funds ,
Investment Management ,
Investors ,
IP License ,
Leases ,
Mergers ,
New Regulations ,
Private Equity ,
Real Estate Transactions ,
U.S. Treasury ,
Venture Capital
The replacement of the London Inter-bank Offered Rate (“LIBOR”) in contracts evidencing loan, derivative and other transactions with maturities extending beyond 2021 is a massive undertaking involving legal and compliance...more
Seyfarth Synopsis: Hours after the inauguration of President Trump, the White House issued a memorandum which imposed a 90-day delay on regulations which had not yet taken effect. As far as existing financial services law and...more
2/11/2017
/ Banks ,
CFTC ,
Dodd-Frank ,
Executive Orders ,
Federal Reserve ,
Financial Regulatory Reform ,
Financial Services Industry ,
FSOC ,
Global Economy ,
Pay Ratio ,
Presidential Memorandum ,
Regulatory Freeze ,
Securities and Exchange Commission (SEC) ,
Trump Administration ,
U.S. Treasury
For the first time in the history of derivatives, regulators in leading markets will require assets to collateralize many derivatives which are not settled in a regulated clearinghouse.
It is not possible to overstate...more
To the shock of corporate Britain the UK voted last week, by 52% to 48%, to leave the European Union. Within hours of the referendum result the British Prime Minister David Cameron announced that he would be standing down...more
7/2/2016
/ Competition ,
EFTA ,
EMIR ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
EU Single Market ,
European Economic Area (EEA) ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Free Movement ,
Free Trade Agreements ,
Immigration Reform ,
Intellectual Property Protection ,
International Labor Laws ,
One-Stop Shop ,
Referendums ,
UK ,
UK Brexit ,
WTO