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Complex Securities
Argument Heard in CFTC Case
May 06, 2013
On Monday, May 6th the Court of Appeals for the District of Columbia Circuit held oral argument in the case brought by the ICI and the Chamber of Commerce challenging the CFTC’s adoption of rules requiring most funds investing in commodity-related instruments to register with… read more
Davis Polk on Swap Trading in the New Regulatory World
April 02, 2013
Davis Polk has issued a client memo titled “An Asset Manager’s Guide to Swap Trading in the New Regulatory World.” As a result of the Dodd-Frank Act, the over-the-counter derivatives markets have become subject to significant new regulatory oversight. As the markets respond to… read more
Pozen and Hamacher Argue For New Approach to Alt Fund Regulation
March 27, 2013
In a recent Financial Times article, Robert Pozen and Theresa Hamacher argue that new regulations need to be considered to address the proliferation of alternative mutual funds. The article criticizes US regulations for being outdated and a poor fit for the new alternative strategies being… read more
SEC to Examine Distribution Fees and Alt Funds
March 11, 2013
The SEC will begin an exam sweep of mutual fund distribution fees, including 12b-1, sub-transfer agent, revenue sharing and conference fees, later this year, according to Andrew Bowden, deputy director of the SEC's Office of Compliance Inspections and Examinations. According to AdvisorOne, Bowden stated… read more
Oral Argument for Appeal of CFTC Rule Decision Scheduled
March 04, 2013
Oral argument in the case challenging a CFTC rule affecting funds has been scheduled by the Court of Appeals for the District of Columbia Circuit for May 6. In early February 2012 the CFTC issued a controversial rulemaking that requires most funds investing in commodity-related… read more