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July 2023 Regulatory Brief: Third-Party Guidance, Fair Lending & Consumer Compliance Violations and the Road Ahead

N Contracts

Regulatory compliance updates and news for financial institutions for July 2023 including new guidance proposals, and enforcement actions and settlements.

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Regulatory Instability for Proxy Advisory Firms

Harvard Corporate Governance

The latest developments in the SEC regulation of proxy advisory firms are good news for ISS and Glass Lewis, but they are a disappointment for proponents of conscientious and consistent rulemaking. From the standpoint of regulatory stability, the important feature of the 2020 rule amendments was that they were a decade in the making.

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Top accounting issues in 2023

ThomsonReuters

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. Deliver frequently updated news and articles about employee benefits law and compliance.

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ESG Ready: Unpacking the Latest UK Developments and Guidance

Audit Board

There are unregulated ESG rating agencies making assessments using different criteria and all this is taking place within an evolving regulatory framework. Disclosure Guidance and Transparency Rules. ESG Resources for Internal Audit The good news is there are some excellent ESG resources to help internal auditors add real value.

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How to keep up with tax law changes

ThomsonReuters

Now more than ever, your tax and accounting staff require a robust system or framework that leverages technology so that they can keep up with regulatory developments in a timely manner. Tax rules are revised constantly , and changes aren’t always easy to interpret. Current knowledge: the backbone of top client service. Subscriptions.

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IRS Issues Guidance Affecting Distributions to State Unclaimed Property Funds

ThomsonReuters

The IRS has issued two pieces of guidance affecting qualified plan distributions to state unclaimed property funds. The model certification that accompanied the original guidance has also been updated to reflect the new reason for waiver. 2020-24 (Oct. 16, 2020); Rev. 2020-46 (Oct. Contributing Editors: EBIA Staff.

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Davis Polk Discusses Dodd-Frank Clawback Rules’ Application to Subsidiary Issuers, Guarantors

Reynolds Holding

You can read more about the clawback rules in our client updates on the SEC clawback rule and the NYSE and Nasdaq listing standards. Absent SEC guidance, we believe that subsidiaries with listed debt securities should assume that the clawback rule applies.