Legal Alerts

  1. FINRA Requests Comments on Revised Proposal to Adopt Rule Mandating Quarterly Delivery of Customer Account Statements

    Sept. 26, 2014 On September 16, 2014, the Financial Industry Regulatory Authority, Inc. (“FINRA”) requested comments on a revised proposal to adopt a consolidated rule regarding delivery of customer account statements. FINRA Rule 2231 would bring NASD Rule 2340 (Customer Account Statements) and... more >
  2. Overhaul of China’s Outbound Investment Regime Continues

    Sept. 23, 2014 China’s National Development and Reform Commission recently issued the Administrative Measures for Ratification and Filing of Outbound Investment Projects, effective as of May 8, 2014 (the “NDRC Outbound Measures”).1 After issuing complementary draft measures at almost the same t... more >
  3. As World Leaders Gather at the UN Climate Summit, the Aviation Sector Could Provide a Template for International Climate Progress

    Sept. 23, 2014 More than 120 heads of state, including President Barack Obama, gathered for the Climate Summit hosted by UN Secretary-General Ban Ki-moon in New York City on September 23. Financial pledges to the Green Climate Fund and statements regarding the leaders’ commitments to reach agre... more >
  4. Federal Agencies Re-Propose Margin Rule On Uncleared Swaps

    Sept. 22, 2014 On September 3, 2014, five federal agencies1 (the “Agencies”) re-proposed a draft margin and capital requirements rule for uncleared swaps (the “Proposed Rule”).2 The Proposed Rule would impose capital, initial margin and variation margin requirements on prudentially regulated sw... more >
  5. FCC Sets Deadline for and Narrows Scope of Special Access Mandatory Data Collection

    Sept. 18, 2014 On Monday, September 15, 2014, the FCC’s Wireline Competition Bureau (“WCB”) issued a Reconsideration Order revising the mandatory data collection in the special access proceeding based on concerns raised by the Office of Management and Budget (“OMB”). In this Order, the Bureau s... more >
  6. Limited Partners of Investment Managers may be Subject to Self-Employment Taxes

    Sept. 16, 2014 On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049 (the “CCA”), concluding that members of an investment manager were subject to self-employment (“SE”) taxes with respect to their earnings from the investment manager.1 Although the st... more >
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