On 18 November 2021, the Securities and Exchange Commission (“SEC”) published for comment proposed amendments to the broker-dealer recordkeeping rules with respect to the use of electronic storage. The principal change would be to eliminate the current requirement that electronic records of broker-dealers be stored solely in a “write once, read many” (WORM) format.
The SEC Division of Examinations (Exams) recently published a Risk Alert discussing observations on investment adviser fee calculations resulting from a review of approximately 130 firms. This 2021 Risk Alert supplements a prior alert on the same topic that Exams (then, the Office of Compliance Inspections and Examinations) published in 2018.
Our new episode is the first of two episodes focusing on cryptoassets and regulatory developments, taking off from our publication Crypto around the World. The episode covers ESG, decentralized finance (DeFi) and the future impact of central bank digital currencies.
In our latest article, first published in the October 2021 edition of Butterworths Journal of International Banking and Financial Law, our payments regulation experts Mark Simpson and Julian Hui report on Ipagoo and highlight some issues for practitioners.
Baker McKenzie’s Financial Services Global Regulatory (FSR) Guide acts as a quick reference tool when distributing financial products into new markets, providing a comprehensive summary of regulations applicable to banks and other financial services companies around the world.
In this episode, Daniela Fonseca Puggina, partner in our Miami office and Jennifer Ancona Semko, a partner in our Washington, D.C. office discuss litigation readiness for financial institutions (FIs). The episode also covers potential vulnerabilities and disputes that they need to prepare for, current and emerging trends in litigation (from our Litigation Intelligence: Ready for Anything? Report), and how they can benefit from litigation preparedness.