Exemptions, Regulatory Reform

The New Fiduciary Rule (29): The Final Rules Have Arrived

Faegre Drinker Biddle & Reath LLP on 4/29/2024

On April 25, 2024, the Department of Labor published its final regulation on fiduciary advice, and the related exemptions, in the Federal Register. The regulation defines fiduciary investment advice and the exemptions provide...more

The New Fiduciary Rule (16): Permissible Compensation under PTE 2020-02

Faegre Drinker Biddle & Reath LLP on 1/23/2024

The U.S. Department of Labor has released its package of proposed changes to the regulation defining fiduciary advice and to the exemptions for conflicts and compensation for investment recommendations to retirement plans,...more

Congress Enacts Statute Exempting “M&A Brokers” From Registration as Brokers or Dealers

Pullman & Comley, LLC on 2/24/2023

Effective March 29, 2023, certain small business brokers will be exempted from registering with the Securities and Exchange Commission (the SEC). The new law was signed into effect on December 29, 2022, as part of the...more

SEC Proposes Broker-Dealer Exemption for “Finders,” Though Much Remains Uncertain

Royer Cooper Cohen Braunfeld LLC on 9/10/2021

A recently proposed Securities and Exchange Commission (“SEC”) exemption from broker-dealer registration may make it easier for small and medium-sized businesses to raise capital from accredited investors, but questions...more

EU Automotive Rules Under Review: Results of the Public Consultation

Latham & Watkins LLP on 3/23/2021

The European Commission (EC) has published the results of its public consultation on the review of the Motor Vehicle Block Exemption Regulation (MVBER). Key Points: ..The automotive sector is under surveillance as it has...more

HHS proposal to exempt medical devices from 510(k) process halted

Hogan Lovells on 1/22/2021

On January 15, the U.S. Department of Health and Human Services (HHS) published a notice and request for information (RFI) proposing to exempt 91 medical devices – for which the normal regulatory process was temporarily...more

CSA Announces Amendments to Rules Applicable to At-The-Market Distributions

Bennett Jones LLP on 6/15/2020

On June 4, 2020, the Canadian Securities Administrators (CSA) published amendments to National Instrument 44-102 – Shelf Distributions (NI 44-102) and Companion Policy 44-102CP Shelf Distributions. Proposed amendments were...more

Final CFIUS Regulations Became Effective in February 2020

Seyfarth Shaw LLP on 2/27/2020

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

The SEC Proposes Amendments to the Accredited Investor Definition

Cohen & Gresser LLP on 12/24/2019

On December 18, 2019, the SEC proposed amendments to its definition of “accredited investor” to add new categories of qualifying natural persons and entities able to participate in certain exempt offerings without specific...more

Proposed Amendments to Rules Applicable to At-the-Market Distributions

Bennett Jones LLP on 5/22/2019

On May 9, 2019, the Canadian Securities Administrators (CSA) published for comment proposed amendments to National Instrument 44-102 – Shelf Distributions (NI 44-102) and Companion Policy 44-102CP Shelf Distributions (see CSA...more

H.R. 5983—Act as Introduced—Title I

Morrison & Foerster LLP on 9/13/2016

U.S. Congressman Jeb Hensarling, Chairman of the House Financial Services Committee, has set the stage for the consideration of regulatory reform and burden reduction with the introduction of H.R. 5983, the “Financial Choice...more

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