Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

Jun 20, 2012

Large Trader Reporting Rule: A Temporary Reprieve for Broker-Dealers and Broadening of Exemptions for Capital Markets Transactions

Abonnieren

Sprung Link Text

 
On April 23, 2012, the US Securities and Exchange Commission (“SEC”) issued an order temporarily exempting registered broker-dealers from the Large Trader Identification requirements under Rule 13h-1 (the “Rule”). This temporary exemption was issued in anticipation of the Rule’s original effective date of April 30, 2012, providing covered broker-dealers with additional time to ensure compliance with the recordkeeping, reporting, and monitoring requirements under the Rule. In addition, the SEC granted a permanent exemption for certain capital market transactions for the purposes of the large trader identification requirements.

View full memo, "Large Trader Reporting Rule: A Temporary Reprieve for Broker-Dealers and Broadening of Exemptions for Capital Markets Transactions"

Autoren und Mitwirkende

Charles Gittleman

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7317

+1 212 848 7317

New York

Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7585

+1 212 848 7585

New York