The SEC Division of Corporate Finance granted no-action relief to mass media company CBS Corporation from certain Exchange Act tender offer requirements.
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The FDIC adopted a final rule that restricts cancellation rights for qualified financial contracts when a counterparty enters into bankruptcy or resolution proceedings.
The Office of the Comptroller of the Currency identified supervisory priorities in an FY 2018 Operating Plan for Bank Supervision.
A commodity pool operator agreed to pay a fine for failing to supervise the fund administrator’s operation of the pool’s bank account from which investor assets were fraudulently withdrawn.
The SEC released interpretive guidance on compliance with the pay ratio disclosure rule, which mandates that companies begin filing reports in early 2018 (for fiscal year 2017).