Kevin J. Campion

Feb 12, 2024 | lexology.com | Charles Sommers |Andrew Blake |W. Hardy Callcott |Kevin J. Campion |David Katz |Patrick M. Mellon | +2 more

On February 6, 2024, in a 3–2 vote along party lines, the U.S. Securities and Exchange Commission (SEC) adopted rules that further define what constitutes “dealer” or “government securities dealer” activity for purposes of the Securities Exchange Act of 1934 (Exchange Act).1 The adopted rules generally require any person that engages in a regular pattern of buying and selling securities (or government securities) that has the effect of providing liquidity to other market participants to have...

Nov 1, 2023 | businesslawtoday.org | Katie Klaben |Kevin J. Campion |Thomas White |Wilmer Hale

CURRENT MONTH (October 2023)SEC Modernizes Beneficial Ownership ReportingBy: Katie Klaben and Kevin J. Campion, SidleyOn October 10, 2023, the U.S. Securities and Exchange Commission (SEC) adopted certain of its proposed changes to the rules governing beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934, as amended (Exchange Act), and issued guidance in lieu of adopting certain other proposed rules.

Oct 27, 2023 | datamatters.sidley.com | W. Hardy Callcott |Kevin J. Campion |Stephen Cohen |Ranah Esmaili

On October 16, 2023, the U.S. Securities and Exchange Commission (SEC) Division of Examinations (EXAMS or Division) issued its annual examination priorities, which, for the first time, was published at the start of the SEC’s fiscal year to “better inform investors and registrants of key risks, trends, and examination topics” the Division intends to focus on in the coming year.1 Our Take The October 16 publication of the priorities represents the earliest publication to date in the 10-year...

Oct 17, 2023 | lexology.com | Kevin J. Campion |Andrew Blake |Katie Klaben |Eric Kauffman |Jorge Ortiz |Azad Assadipour

On October 13, 2023, the U.S. Securities and Exchange Commission (SEC or Commission), in a 3–2 vote along party lines, adopted new Rule 10c-1a1 (Final Rule) under the Securities Exchange Act of 1934 (Exchange Act).2 Rule 10c-1a will for the first time require persons entering securities loans (or their intermediary or reporting agent, where applicable) to report specific terms of the loan to a registered national securities association (RNSA) by the end of the day on which the loan is either...

Jun 29, 2023 | lexology.com | W. Hardy Callcott |Andrew Blake |James Brigagliano |Kevin J. Campion |Stephen Cohen |David Katz | +2 more

On June 13, 2023, the U.S. Office of Information and Regulatory Affairs released the Securities and Exchange Commission (SEC or Commission) spring 2023 regulatory agenda (Agenda).