Financial Services Regulation Deskbook covers the significant changes to the regulation of financial services institutions by the Dodd-Frank Wall Street Reform and Consumer Protection Act and subsequent implementing regulations. This book provides analysis of and commentary on the legislation’s practical effects on industry practice, including identifying areas of legal ambiguity that must be solved only by advocacy with the relevant regulators.

The new release includes updates to the following chapters:

Chapter 4, Systemic Regulation: Financial Stability Oversight Council, discusses the Analytic Framework for Financial Stability Risk Identification, Assessment, and Response, and the revised Guidance for Nonbank Financial Company Designations announced in November 2023.

Chapter 7, Bank Regulatory Reform, covers the Basel Endgame Proposal, which is the only significant proposal by the federal banking agencies to address the March 2023 bank failures.

The Table of Authorities and Index have also been updated for this release.

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Hedge Fund Regulation (Second Edition) provides a comprehensive understanding of hedge funds, covering their history, investment strategies, legal, and compliance considerations. Updated regularly, the treatise guides practitioners in structuring funds, raising capital, complying with regulations, managing portfolios, and adhering to reporting obligations with regulatory agencies.

The new release includes the following updates:

• Chapter 8, Anti-Money Laundering Regulations, has been revised to cover the Financial Crimes Enforcement Network’s adoption of rules subjecting investment advisers to anti-money laundering/countering of financing of terrorism programs and related reporting requirements.
• Chapter 9, Privacy Regulations, has been updated to address the SEC’s amendments to Regulation S-P, designed to enhance data security and breach notification obligations.
• Chapter 13, Compliance, has beenrevised to address the implications of the vacating of the Private Fund Adviser Rules by the Fifth Circuit.
• Chapter 14, Books and Records, discusses of records requirements, including discussion of recent “off channel” communications enforcement actions and the latest revisions to Form PF.
• Chapter 19, Pensions, analyzes the Department of Labor’s recent amendments to Prohibited Transaction Class Exemption 84-14, the QPAM Exemption.
• Chapter 26, Derivatives Markets Participants, has been revised to address recent changes to the CFTC’s capital requirements for swap dealers, the SEC’s added protections for Chief Compliance Officers of security-based swap dealers and major security-based swap participants, and SEC Rule 9j-1 that targets fraud and manipulation in the context of security-based swaps.

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Broker-Dealer Regulation (Second Edition) covers the latest laws and regulations governing broker-dealers and provides a comprehensive and practical overview of the many requirements of this highly regulated area. This book instructs on how brokerage firms can satisfy SEC/SRO standards, with detailed coverage of registration reporting and record-keeping rules, suitability and best execution standards, ways of minimizing liability in the event of legal lapses, by documenting good-faith compliance efforts and the implementation of a tailor-made compliance program that can help detect and prevent illegal conduct within the firm. It’s filled with practical suggestions on how to best comply with requirements in such areas as electronic trading, safeguarding customer information, trading desk activities and business continuity planning.

The new release includes the following updates:

• Chapter 5, Broker-Dealer and Associated Person Registration, covers FINRA’s Maintaining Qualifications Program.
• Chapter 17, Research and Research Analysts, covers the EU Listing Act, which removes the market capitalization threshold and allows for the bundling of payments for research and execution services, if certain requirements are met.
• Chapter 18, Electronic Trading, reviews the 2024 Amendments to Rule 605’s disclosure requirements.
• Chapter 49, Investment Banking Compliance, reviews the SEC’s amendments, adopted on May 16, 2024, to Reg S-P; and the SEC’s proposed rules that would apply to the use of any “covered technology” by broker-dealers or investment advisers in “investor interactions,” and would require that such registrants establish policies and procedures to determine if the use of any such tool results in a conflict of interest that places the interests of the registrant ahead of the interests of investors, and to eliminate or neutralize that conflict.
• Chapter 52, Private Banking and Wealth Management, discusses the May 2024 SEC and FinCEN Joint Notice of Proposed Rulemaking that will expand CIP obligations for SEC-Registered Investment Advisers and Exempt Reporting Advisers by requiring them to establish, document, and maintain written CIP procedures.
• Chapter 53, Blockchain and Digital Assets, has been updated to cover regulatory developments involving digital securities and commodities.

The Table of Authorities and Index have also been updated.

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Exempt and Hybrid Securities Offerings (Fourth Edition) is a comprehensive reference on exempt and hybrid securities offerings, and a practical handbook, with step-by-step guides, practice pointers, and forms. This title gives practical guidance for each principal type of exempt offering, including private placements, venture capital financings, institutional debt private placements, PIPE transactions, structured PIPE transactions, Regulation A offerings, crowdfunding transactions, registered direct offerings, continuous offering programs, and more!

The new release includes the following updates which address important market and practice developments affecting exempt offerings:

• Trends in the PIPE transaction market, registered direct offering market, and trends in at-the-market offerings
• Proposed changes to the accredited investor definition
• Proposed changes to Regulation D, Form D, and the Section 12(g) threshold
• Changes to the NVCA forms
• Amendments to Regulation M
• Enforcement activity relating to Regulation M
• Amendments to the rules of the securities exchanges relating to shareholder approval requirements
• FINRA Notice to Members 23-08 relating to Private Placements
• FINRA and other enforcement actions relating to Private Placements
• The introduction of Rule 145a

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PLI PLUS subscribers can access this title through their subscription.