The SEC proposed a rule that would require SEC-registered investment advisers to adopt and implement written business continuity and transition plans.
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FINRA proposed amending its protocols to (i) require the dissemination of transactions in collateralized mortgage obligations and (ii) shorten the trade-reporting timeline for CMO transactions from end-of-day to within sixty minutes of execution.
The SEC requested comments on a FINRA proposal to transfer NASD Rules on Investment Company Securities to the FINRA Rulebook, and to make only "non-substantive, technical changes to the text." The request for comments was published in the Federal Register.
The SEC proposed amendments that would increase the financial thresholds in its definition of "smaller reporting company." The proposal would allow a greater number of registrants to qualify for certain scaled disclosures in Regulations S-K and S-X.
SEC Chief of Staff Andrew J. Donohue called for greater regulatory cooperation to address the "expanding intersection between U.S. securities regulation and the global securities community."