The CFPB issued comprehensive filing instructions for nonbank entities to register with the agency's new "Nonbank Registry." The Registry is intended to "detect and deter corporate offenders that have broken consumer laws and are subject to federal, state, or local government or court orders."
News & Insights
Norton Rose Fulbright lawyers reviewed a recent UK Financial Conduct Authority's policy statements that makes a change in how UK asset managers can pay for investment research.
The US District Court for the Northern District of Texas granted summary judgment to plaintiffs challenging the FTC Non-Compete Rule. The District Court held that the FTC "exceeded its statutory authority" and that the rule was "arbitrary and capricious."
Comments are due by October 21, 2024 for a proposed a rule to establish common data standards "to promote interoperability of financial regulatory data" across federal agencies.
The SEC adopted a final rule under which the dollar threshold used to define a "qualifying venture capital fund" under the Investment Company Act would be adjusted for inflation.