Asset Manager, Industry Group Press SEC to Keep Quarterly Reporting
The ICI and the Capital Group warned that a semiannual option could reduce market transparency.
Regulation
Consolidated Audit Trail Concept Release Elicits Strong Industry Support
SIFMA and the ASA are among the organizations urging Congress and the SEC to protect investors’ personally identifiable information.
Congress Passes Revised Bill to Limit Bulk Single-Family Home Purchases
The legislation bars companies that already own at least 350 properties from purchasing additional units.
PBGC Reaffirms Limits of Pension Insurance in First Opinion Letter in 24 Years
The agency also clarified that certain annuity buyouts do not trigger a reportable event.
PBGC to Pay Full Pensions for First Brands’ Workers
First Brands had terminated its pension plan, so the federal agency stepped in to ensure retirees receive their full benefits.
PBGC Proposes Technical Changes to Special Financial Assistance Program
The agency seeks to clarify investment rules, streamline withdrawal liability settlements and eliminate a contribution reallocation exception.
Digital Assets Regulation Central to SEC 5-Year Plan
The agency called for ‘legal certainty’ on blockchain and crypto asset technologies, while also prioritizing a reduction in mandatory corporate disclosures.
New York City Comptroller Warns Texas Move Would Disenfranchise Exxon Shareholders
Critics say recent Texas laws favor corporate decisionmaking at the expense of shareholders’ proposals and voting power.
Senate Banking Committee Advances Digital Regulatory Framework Bill
Lawmakers passed the legislation out of committee, securing two Democrat votes, but it faces expected concerns in the full Senate.
Atkins: ‘Let the Market Decide’ Frequency of Corporate Financial Reporting
The SEC recently proposed a rule that would allow public firms to opt for semiannual reporting instead of the current quarterly norm.
PBGC Initiates ‘Friend of the Court’ Program
The Pension Benefit Guaranty Corporation's project aims to help private parties in cases that could have broader implications for defined benefit pensions.
SEC Proposes Rule Reducing Frequency of Public Company Reporting
The proposal from the Securities and Exchange Commission would allow public companies to switch to semiannual financial reporting, rather than quarterly.
Bill Targeting Proxy Advisers Advances From House Committee
The legislation aims to curb required disclosures tied to political, social or environmental priorities unless they affect investment or voting decisions.
Fed Chair Nominee Kevin Warsh Pledges Independence Under Senate Scrutiny
President Donald Trump’s choice to head the Federal Reserve outlined his plans for an inflation overhaul and sidestepped rate questions.
SEC, CFTC Propose Reduced Reporting Requirements for Private Funds
The changes would undo enhanced requirements put in place under former President Joe Biden.