The New York Department of Financial Services reminded banking institutions of recent amendments to the New York Community Reinvestment Act that require additional information on activities with respect to minority- and women-owned businesses.
FINRA provided its member firms temporary relief from the Form U4 fingerprinting requirements. FINRA also issued additional resources designed to help its members navigate restrictions and regulatory relief as a result of the coronavirus pandemic.
To assist individuals in working from home during the coronavirus social-distancing period, Cadwalader is providing clients and friends free access to our legal research platform, the Cadwalader Cabinet.
The SEC Division of Corporation Finance and Division of Investment Management provided guidance for market participants affected by COVID-19 who may have difficulties complying with federal proxy rules.
NFA notified members that it would not pursue disciplinary actions if a firm allows associated persons to temporarily work from home under business contingency plans, provided that the firm institutes adequate supervisory methods and meets its recordkeeping requirements.