Financial Services Reform

Updates

protected content February 26 FocusOn Call on DOL Definition of Fiduciary Re-Proposed Regulation

We have another reason for you to join our FocusOn call on the Department of Labor’s (“DOL”) Definition of Fiduciary Re-Proposed Regulation on February 26 – a recent letter from Senator Johnson (R-WI) to Secretary Perez requesting additional information regarding the process surrounding this regulation.… More

protected content SEC Releases Proposed Rules for Hedging Disclosure

The Securities and Exchange Commission on February 9 released proposed rules under the Dodd-Frank Act that would require disclosure about whether directors, officers and other employees are permitted to hedge or offset any decrease in the market value of equity securities granted by the company as compensation or held, directly or indirectly, by employees or directors.… More

protected content GOP Mid-Term Election Sweep Will Impact Legislative Agenda

Vast tomes could (and will) be written about what went wrong for the Democrats or right for the Republicans. Anti-Obama sentiment, bad polling, lack of interest among young and retired voters, disgust with a gridlocked Congress, a flood of outside money, and local factors all probably played a role. But the fact remains that the GOP Congress will have to deal with a Democratic President for the next two years. So, what does that mean for the legislative agenda?… More

protected content Treasury and IRS Release 2014-2015 Priority Guidance Plan

The Treasury Department and Internal Revenue Service released their joint 2014-2015 priority guidance plan which contains 65 items under the Retirement Benefits and Executive Compensation, Health Care and Other Benefits sections. … More

protected content SEC Adopts Money Market Fund Reform Rules Requiring Floating NAV

After a long-running battle for the past several years, the Securities and Exchange Commission on July 23 adopted changes to the rules that govern money market mutual funds to address “risks of investor runs.” … More

See All Updates

Government Reports

protected content February 26 FocusOn Call on DOL Definition of Fiduciary Re-Proposed Regulation

We have another reason for you to join our FocusOn call on the Department of Labor’s (“DOL”) Definition of Fiduciary Re-Proposed Regulation on February 26 – a recent letter from Senator Johnson (R-WI) to Secretary Perez requesting additional information regarding the process surrounding this regulation.… More

protected content Treasury and IRS Release 2014-2015 Priority Guidance Plan

The Treasury Department and Internal Revenue Service released their joint 2014-2015 priority guidance plan which contains 65 items under the Retirement Benefits and Executive Compensation, Health Care and Other Benefits sections. … More

More Government Reports

Legislative Documents

protected content House Approves Legislation to Promote Coordination of DOL and SEC Rulemaking on Fiduciary Standards

The full House on October 29 approved legislation (H.R. 2374) that would prevent the Department of Labor (DOL) from moving forward on a final rule defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule … More

More Legislative Documents

Press Releases

Student Loans Affect Employees’ Ability to Save for Retirement

Employers voluntarily provide quality retirement benefits to millions of Americans, but more and more employers are concerned with their employees’ inability to save for retirement due to student loan debt… More

ERIC Urges Agencies to Clarify that Proposed Rules Do Not Inadvertently Limit Employee Benefit Plans Use of Swap Transactions

ERIC News Release For Immediate Release: February 22, 2011 Washington, D.C. -- The ERISA Industry Committee (ERIC) on February 22 submitted… More

More Press Releases

Regulatory Documents

protected content SEC Releases Proposed Rules for Hedging Disclosure

The Securities and Exchange Commission on February 9 released proposed rules under the Dodd-Frank Act that would require disclosure about whether directors, officers and other employees are permitted to hedge or offset any decrease in the market value of equity securities granted by the company as compensation or held, directly or indirectly, by employees or directors.… More

protected content SEC Adopts Money Market Fund Reform Rules Requiring Floating NAV

After a long-running battle for the past several years, the Securities and Exchange Commission on July 23 adopted changes to the rules that govern money market mutual funds to address “risks of investor runs.” … More

protected content New Treasury FATCA Guidance Amends and Clarifies Previously Issues Guidance

The Department of Treasury and IRS on February 20 issued two sets of temporary and final regulations to make additions and clarifications to the previously issued Foreign Account Tax Compliance Act (FATCA) regulations and provide guidance to coordinate FATCA with preexisting due diligence, reporting, and withholding requirements. … More

protected content SEC Proposes Pay Ratio Disclosure Rules under Dodd-Frank Act

The Securities and Exchange Commission on September 18 voted 3-2 to propose a rule requiring public companies to disclose the ratio of the compensation of its chief executive officer (CEO) to the median compensation of its employees, as required under the Dodd-Frank Act. … More

protected content IRS Announces Opening of FATCA Online Registration System

The Internal Revenue Service in late August announced the opening of its new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act (FATCA).… More

protected content FATCA Reporting and Withholding Deadline Extended to July 1, 2014

The Treasury Department announced in Notice 2013-43 that it is extending the deadline for the reporting and withholding requirements under the Foreign Account Tax Compliance Act (FATCA) until July 1, 2014.… More

More Regulatory Documents

Testimony

Student Loans Affect Employees’ Ability to Save for Retirement

Employers voluntarily provide quality retirement benefits to millions of Americans, but more and more employers are concerned with their employees’ inability to save for retirement due to student loan debt… More

More Testimony