Rules In Focus Newsletters

Rules In Focus

Rules in Focus is FSR’s regulatory newsletter featuring the latest insights from the Fed, CFPB, SEC and other major regulators that oversee the financial services industry and the implementation of the Dodd Frank law.

FSR Regulatory Updates

Rules In Focus: FSR Urges Transparency on Global Systemic Risk Standards

FSR is recommending regulators make revisions to a proposed framework so that non-bank, non-insurer financial companies evaluated as “globally systemically important” are allowed to participate in the designation process and regulators are required to use a transparent process.

Rules In Focus: DOL Extension Falls Short of FSR Request

After receiving requests from FSR, the industry, and bi-partisan members of the House and Senate , the Department of Labor (DOL) granted a 15-day extension of the comment period for its proposal to redefine the term “investment-advice fiduciary” under the Employee Retirement Income Security Act (ERISA), including two new prohibited...

Rules In Focus: DOL’s Proposal for New Fiduciary Standard Released, Moves to Comment Period

On April 14, the Department of Labor (DOL) released a long-awaited reproposed regulation that would change when a financial professional would be deemed a “fiduciary” under the Employee Retirement Income Security Act of 1974 (ERISA). Being a “fiduciary” under ERISA triggers a host of statutory prohibitions. As a result, FSR and other...

Rules In Focus: FSR Reminds FSOC of its Duty to Act Independently of FSB and IOSCO in Making SIFI Designations

In response to a request (Request) by the Financial Stability Oversight Council (FSOC) for information on activities and practices in the asset management industry, the Financial Services Roundtable reminded the FSOC and its member-agencies that they are required to make determinations of whether a particular U.S. non-bank financial institution...

Rules In Focus: SEC Chair White Announces Support for Uniform Fiduciary Standard and Third-Party Exams for Investment Advisors

In remarks before a SIFMA conference on March 17, SEC Chair Mary Jo White officially announced her support for a uniform fiduciary rulemaking for broker-dealers and registered investment advisers that provide individualized advice concerning investments in securities. Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of...