The Financial Reform Act



 

Corporate Finance
Public Companies
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This series of updates provides an overview of the salient provisions of the historic Dodd-Frank Wall Street Reform and Consumer Protection Act.  Over the next several months, Perkins Coie will be publishing additional in-depth articles regarding the new legislation and its practical implications for our clients.  The list below highlights all of our published Updates on this topic.

11.27.2012
What’s New in Executive Compensation for the Upcoming Proxy Season: Compensation Committee and Adviser Independence, ISS Guidelines and Shareholder Litigation
Public companies preparing for the upcoming 2013 proxy season will need to keep in mind a number of new developments related to executive compensation.
01.04.2012 Financial Reform Act: SEC Finalizes Rules to Exclude Value of Primary Residence from “Net Worth” for Determining Accredited Investor Status
The Securities and Exchange Commission recently finalized its rules to conform the definition of “accredited investor” to the requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
05.26.2011 SEC's New Whistleblower Rules Redefine Reporting Landscape
On May 25, 2011, in a 3-2 vote, the U.S. Securities and Exchange Commission (“SEC”) adopted its final rules (“Rules”), as required under Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act” or the “Act”). The Rules implement the SEC’s hotly anticipated new whistleblower bounty program that rewards individuals who provide the SEC with information leading to successful enforcement actions that exceed $1 million in monetary sanctions.
02.17.2011 The Financial Reform Act: SEC Adopts Final Say-on-Golden Parachute Rules—Practical Advice
The final rules require companies to include disclosure regarding certain golden parachute arrangements in proxy statements relating to proxy solicitations seeking shareholder approval of a merger or similar significant corporate transaction, as well as in other types of SEC filings.
02.17.2011 The Financial Reform Act: SEC Adopts Final Say-on-Pay and Say-on-Frequency Rules—Practical Advice 
This update summarizes the key aspects of the final rules on the say-on-pay and say-on-frequency votes and provides practical advice on steps companies can take in anticipation of the upcoming proxy season.
02.08.2011
The Securities and Exchange Commission recently proposed a new rule to conform the definition of “accredited investor” to the requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act.  In addition, the SEC’s proposed rules also clarify the treatment of debt secured by the property in the calculation of net worth.
12.07.2010 The Financial Reform Act: Flurry of SEC Rulemaking Offers Potential Answers for Advisers to Private Funds
On November 19, 2010, the Securities and Exchange Commission released two companion releases proposing new rules related to registration requirements for investment advisers to private funds, including hedge funds, private equity funds and other pooled investment vehicles.
11.23.2010 The Financial Reform Act: SEC Proposes a Definition of “Venture Capital Fund” for Purposes of Exemptions
On November 19, 2010, the Securities and Exchange Commission proposed a new rule, based on requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Financial Reform Act, defining “venture capital funds” for purposes of exempting advisers to these funds from registering under the Investment Advisers Act of 1940.
11.02.2010 The Financial Reform Act: SEC Issues Proposed Say-on-Pay Rules
The SEC recently issued proposed rules to implement the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that mandate shareholder advisory votes on executive compensation (the say-on-pay vote), on the frequency of the say-on-pay vote, and on golden parachute compensation arrangements, as well as related disclosure requirements.
10.14.2010 The Financial Reform Act: Defining a "Family Office" for Exemption Status
On October 12, 2010, the Securities and Exchange Commission proposed a new rule, based on requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Financial Reform Act, defining “family offices” that will be excluded from regulation under the Investment Advisers Act of 1940.
08.26.2010 Three + Three = Proxy Access for 2011: SEC Approves Rule Amendments, Generally Effective for the 2011 Proxy Season, to Allow Shareholders Right to Nominate Directors 
At yesterday's open meeting of the Securities and Exchange Commission (SEC), a split Commission approved rule amendments to permit shareholders to nominate directors for corporate boards.
08.24.2010 The Financial Reform Act: Derivatives 
Title VII of the Financial Reform Act, entitled "Wall Street Transparency and Accountability," substantially overhauls the regulation of the over-the-counter derivatives markets.  This Update provides highlights of the Financial Reform Act as it relates to derivatives.
08.18.2010 The Financial Reform Act: Section 1075 Changes the Rules Related to Credit and Debit Card Use
On June 30, 2010, the House of Representatives approved the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Financial Reform Act, a comprehensive and expansive set of financial reforms widely thought to be the toughest changes to financial regulation in the United States since the Great Depression.
08.16.2010 
On June 30, 2010, the House of Representatives approved the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Financial Reform Act, a comprehensive and expansive set of financial reforms widely thought to be the toughest changes to financial regulation in the United States since the Great Depression.
07.26.2010  The Financial Reform Act: New Bureau of Consumer Financial Protection Is Established with Broad Rulemaking, Enforcement and Regulatory Authority 
On June 30, 2010, the House of Representatives approved the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Financial Reform Act, a comprehensive and expansive set of financial reforms widely thought to be the toughest changes to financial regulation in the United States since the Great Depression.
07.26.2010  The Financial Reform Act: Financial Reform Legislation Imposes New Requirements on Banks and Other Financial Institutions 
On July 21, 2010, President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Financial Reform Act, declaring the Financial Reform Act to contain "the strongest consumer financial protections in history."
07.21.2010  The Financial Reform Act: Financial Reform Legislation Imposes New Requirements on Private Funds and Their Advisers 
On June 30, 2010, the House of Representatives approved the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Financial Reform Act, a comprehensive and expansive set of financial reforms widely thought to be the toughest changes to financial regulation in the United States since the Great Depression.
07.21.2010  The Financial Reform Act:  New Corporate Governance, Executive Compensation and Proxy Voting Provisions Apply to All Public Companies
Congress has approved the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and President Obama has signed it into law.