- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-05-01T19:05:00
The Securities and Exchange Commission (SEC) on Friday reopened the comment period on proposed changes to “modernize” its beneficial ownership rule.
The agency said the new deadline for comments will be through at least June 27 and is intended to give the public time to review a newly released memorandum by the SEC’s Division of Economic and Risk Analysis on the potential economic impact of the proposed rule changes.
The SEC’s proposal, released in February 2022, would expand the rule to include certain types of derivative securities and shorten the filing deadline for beneficial ownership from 10 days to five days after a new ownership party crosses the 5 percent threshold. It also would require amendments related to beneficial ownership be filed within one business day.
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2023-10-10T19:33:00Z By Kyle Brasseur
The Securities and Exchange Commission finalized its rule proposal to cut in half the timeline allowed for market participants to file initial beneficial ownership information with the agency.
2023-06-14T15:50:00Z By Kyle Brasseur
The rest of the year is shaping up to be busy at the Securities and Exchange Commission, where final rules regarding climate-related disclosures, enhanced cybersecurity risk governance, and more are all on the near-term agenda.
2023-05-18T15:47:00Z By Kyle Brasseur
The Securities and Exchange Commission proposed a package of rule changes designed to enhance the risk management responsibilities and resilience of covered clearing agencies.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
2025-03-19T13:00:00Z By Aaron Nicodemus
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
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