Access to Capital

Recommendation
Policy Responsibility
Congress
Regulator
Status
Relevant
Deadlines
  • Public Companies and IPOs
  • 1.
    Partial Dodd-Frank repeal
    Congress
    SEC
    D, F
    Proposed
    [ more ... ]
    2.
    Regulation S-K amendment
     
    SEC
    F
    Proposed
    [ more ... ]
    3.
    SEC disclosure requirements
     
    SEC
    F
    Proposed
    [ more ... ]
    4.
    Testing the waters
     
    SEC
    A, D, F
    Proposed
    [ more ... ]
    5.
    Proxy advisory firms
     
    SEC
    A, C, F
    Proposed
    [ more ... ]
    6.
    Shareholder proposal holding requirement
     
    SEC
    D, F, G
    Proposed
    [ more ... ]
    7.
    Resubmission thresholds for repeat shareholder proposals
     
    SEC
    D, F, G
    Proposed
    [ more ... ]
    8.
    Lower costs of securities litigation
     
    SEC, States
    F
    Proposed
    [ more ... ]
    9.
    SEC review of offering document disclosure of dual class stock
     
    SEC
    A, D, F, G
    Proposed
    [ more ... ]
    10.
    BDCs to use same provisions as other issuers for Forms 10-K, 10-Q, and 8-K
     
    SEC
    A, D, F, G
    Proposed
    [ more ... ]
  • Disproportionate Challenges for Smaller Public Companies
  • 11.
    SRC and non-accelerated filer eligibility
     
    SEC
    A, F, G
    Proposed
    [ more ... ]
    12.
    EGC extension
     
    SEC
    A, F, G
    Proposed
    [ more ... ]
    13.
    Review of interval fund rules
     
    SEC
    A, F, G
    Proposed
    [ more ... ]
    14.
    Review of Global Settlement between securities regulators and 12 major broker-dealers
     
    FINRA, SEC
    A, C, F, G
    Proposed
    [ more ... ]
  • Expanding Access to Capital Through Innovative Tools
  • 15.
    Expanding Reg A
     
    SEC
    A, F, G
    Proposed
    [ more ... ]
    16.
    Liquitidity of Tier 2 Securities
     
    SEC, States
    A, F, G
    Proposed
    [ more ... ]
    17.
    Tier 2 offering limit
     
    SEC
    A, F, G
    Proposed
    [ more ... ]
    18.
    Crowdfunding vehicles
     
    SEC
    A, F, G
    Proposed
    [ more ... ]
    19.
    Crowdfunding for accredited investors
     
    SEC
    A, F, G
    Proposed
    [ more ... ]
    20.
    Crowdfunding investment limits
     
    SEC
    A, F, G
    Proposed
    [ more ... ]
    21.
    Section 12(g) condition exemption modification
     
    SEC
    F, G
    Proposed
    [ more ... ]
    22.
    Increase in annual limit on crowdfunding capital raises
     
    SEC
    A, F, G
    Proposed
    [ more ... ]
  • Maintaining the Efficacy of the Private Markets
  • 23.
    New structure for finders and other intermediaries
     
    FINRA, SEC, States
    A, F, G
    Proposed
    [ more ... ]
    24.
    Expanding pool of accredited investors
     
    SEC
    A, F, G
    Proposed
    [ more ... ]
    25.
    Restrictions on unaccredited investors
     
    SEC
    A, F, G
    Proposed
    [ more ... ]
    26.
    Reporting of disciplinary proceedings or criminal convictions
     
    CFTC, FINRA, SEC, States
    A, G
    Proposed
    [ more ... ]

    Markets Structure and Liquidity

    Recommendation
    Policy Responsibility
    Congress
    Regulator
    Status
    Relevant
    Deadlines
  • Equities
  • 27.
    Flexibility for less liquid stocks
     
    SEC
    C, F
    Proposed
    [ more ... ]
    28.
    Tick size self-selection and standardization
     
    SEC
    C, F
    Proposed
    [ more ... ]
    29.
    Maker-taker markets
     
    SEC
    C, F
    Proposed
    [ more ... ]
    30.
    Market data rules
     
    FINRA, SEC
    C, F
    Proposed
    [ more ... ]
    31.
    Order Protection Rule
     
    SEC
    C, F
    Proposed
    [ more ... ]
    32.
    Harmonize order types between exchanges and ATSs
     
    SEC
    C, F
    Proposed
    [ more ... ]
    33.
    Reg ATS
     
    SEC
    C, F
    Proposed
    [ more ... ]
  • Treasuries
  • 34.
    PTF data granularity gap
     
    FINRA, SEC
    C, G
    Proposed
    [ more ... ]
    35.
    FRB's efforts to collect Treasury transaction data
     
    FRB
    C, G
    Proposed
    [ more ... ]
    36.
    Sharing of CFTC data
     
    CFTC
    C, G
    Proposed
    [ more ... ]
    37.
    Interdealer broker market
     
    SEC
    B, C
    Proposed
    [ more ... ]
    38.
    Improve availability of repo financing
    Congress
    FDIC, FRB, OCC
    D, F
    Proposed
    [ more ... ]
  • Corporates
  • 39.
    Improve secondary market liquidity
    Congress
    CFTC, FDIC, FRB, OCC, SEC
    C, F, G
    Proposed
    [ more ... ]

    Securitization

    Recommendation
    Policy Responsibility
    Congress
    Regulator
    Status
    Relevant
    Deadlines
  • Capital
  • 40.
    Rationalizing securitization capital requirements
     
    FDIC, FRB, OCC
    C, F
    Proposed
    [ more ... ]
    41.
    Parameters for SSFA and SFA
     
    FDIC, FRB, OCC
    C, D, F
    Proposed
    [ more ... ]
    42.
    Bank capital requirements for securitization exposures
     
    FDIC, FRB, OCC
    C, F
    Proposed
    [ more ... ]
    43.
    Trading book capital standards
     
    FDIC, FRB, OCC
    C, F
    Proposed
    [ more ... ]
    44.
    Stress testing the global market shock scenario
     
    FRB
    C, F
    Proposed
    [ more ... ]
  • Liquidity
  • 45.
    Liquidity coverage ratio and net stable funding ratio
     
    FDIC, FRB, OCC
    C, F
    Proposed
    [ more ... ]
  • Risk Retention
  • 46.
    Underwriting exemptions across eligible asset-classes
     
    FDIC, FRB, OCC
    C, F
    Proposed
    [ more ... ]
    47.
    Risk retention exemption for CLO managers
     
    FDIC, FRB, OCC
    C, F
    Proposed
    [ more ... ]
    48.
    Five-year holding period for third-party purchasers and sponsors
     
    FDIC, FHFA, FRB, HUD, OCC, SEC
    C, F
    Proposed
    [ more ... ]
    49.
    Responsibility for Credit Risk Retention Rulemaking
    Congress
     
    C, F
    Proposed
    [ more ... ]
  • Disclosures
  • 50.
    Reporting fields for registered securitizations
     
    SEC
    C, F
    Proposed
    [ more ... ]
    51.
    Asset-level disclosure requirements
     
    SEC
    C, F
    Proposed
    [ more ... ]
    52.
    Waiting period for registered deals
     
    SEC
    C, F
    Proposed
    [ more ... ]
    53.
    Reg AB II asset-level disclosure requirements
     
    SEC
    C, F
    Proposed
    [ more ... ]

    Derivatives

    Recommendation
    Policy Responsibility
    Congress
    Regulator
    Status
    Relevant
    Deadlines
  • Harmonization Between CFTC and SEC
  • 54.
    Title VII rulemaking
    Congress
    CFTC, SEC
    D, F, G
    Proposed
    [ more ... ]
  • Margin Requirements for Uncleared Swaps
  • 55.
    Margin requirements for uncleared swaps
     
    Banking Agencies, CFTC, SEC
    D, F
    Proposed
    [ more ... ]
  • CFTC Use of No-Action Letters
  • 56.
    Dodd-Frank swaps regulatory framework
     
    CFTC
    F, G
    Proposed
    [ more ... ]
  • Cross-Border Issues
  • 57.
    Cross-border application and scope of regulations
     
    CFTC, SEC
    D, F
    Proposed
    [ more ... ]
    58.
    Substituted compliance
     
    CFTC, SEC
    D, F
    Proposed
    [ more ... ]
    59.
    ANE Transactions
     
    CFTC, SEC
    D, F
    Proposed
    [ more ... ]
  • Capital Treatment in Support of Central Clearing
  • 60.
    Derivatives
     
    Banking Agencies, CFTC, SEC
    D, F
    Proposed
    [ more ... ]
  • Swap Dealer De Minimis Threshold
  • 61.
    Swap dealer de minimis registration threshold
     
    CFTC
    F
    Proposed
    [ more ... ]
  • Definition of Financial Entity
  • 62.
    Amendment to CEA Section 2(h)(7)
    Congress
    CFTC, SEC
    D, F
    Proposed
    [ more ... ]
  • Position Limits
  • 63.
    Final position limits rule for the CFTC
     
    CFTC
    D, F
    Proposed
    [ more ... ]
  • SEF Execution Methods and MAT Process
  • 64.
    SEF Execution Methods and MAT Process
     
    CFTC
    D, F
    Proposed
    [ more ... ]
  • Swap Data Reporting
  • 65.
    Swap Data Reporting
     
    CFTC, SEC
    F
    Proposed
    [ more ... ]

    Financial Market Utilities

    Recommendation
    Policy Responsibility
    Congress
    Regulator
    Status
    Relevant
    Deadlines
    66.
    Supervision and regulation of SIFMUs
    Congress
    CFTC, FRB, SEC
    D, F
    Proposed
    [ more ... ]
    67.
    FRB review of financial stability risks and interest rates
     
    FRB
    B
    Proposed
    [ more ... ]
    68.
    CFTC stress testing
     
    CFTC
    B
    Proposed
    [ more ... ]
    69.
    U.S. regulator crisis management groups
     
    CFTC, FDIC, SEC
    B, E
    Proposed
    [ more ... ]
    70.
    U.S. regulator engagement with international standard setting bodies
     
    CFTC, FDIC, FRB, SEC
    E
    Proposed
    [ more ... ]

    Regulatory Structure and Processes

    Recommendation
    Policy Responsibility
    Congress
    Regulator
    Status
    Relevant
    Deadlines
  • Restoration of Exemptive Authority
  • 71.
    Dodd-Frank restrictions on exemptive authority
    Congress
     
    F, G
    Proposed
    [ more ... ]
  • Improving Regulatory Policy Decision Making
  • 72.
    Use of regulatory cost-benefit analysis
     
    CFTC, SEC
    C, F, G
    Proposed
    [ more ... ]
    73.
    Executive Orders to be considered when making rules
     
    CFTC, SEC
    C, F, G
    Proposed
    [ more ... ]
    74.
    SRO economic analysis in rulemaking
     
    CFTC, SEC
    C, F, G
    Proposed
    [ more ... ]
    75.
    Public guidance on economic analysis used in the rulemaking process
     
    CFTC, SROs
    C, F, G
    Proposed
    [ more ... ]
    76.
    Use of advanced notices of proposed rulemakings
     
    CFTC, SEC
    C, F, G
    Proposed
    [ more ... ]
    77.
    Regular review of agency rules
     
    CFTC, SEC
    C, F, G
    Proposed
    [ more ... ]
    78.
    Principles-based regulation
     
    CFTC, SEC
    F, G
    Proposed
    [ more ... ]
    79.
    Coordination of CFTC and SEC rules and requirements
     
    CFTC, SEC
    D, E, F, G
    Proposed
    [ more ... ]
    80.
    Adoption of OMB's Final Bulletin for Agency Good Guidance Practices
     
    CFTC, SEC
    C, F, G
    Proposed
    [ more ... ]
    81.
    Ensure guidance does not make substantive changes to rules
     
    CFTC, SEC
    C, F, G
    Proposed
    [ more ... ]
    82.
    Review of existing guidance for market confusion and compliance challenges
     
    CFTC, SEC
    C, F, G
    Proposed
    [ more ... ]
    83.
    Regulatory Flexibility Act application
     
    CFTC, SEC
    C, F, G
    Proposed
    [ more ... ]
  • Self-Regulatory Organizations
  • 84.
    Review of SROs
     
    CFTC, SEC
    C, F, G
    Proposed
    [ more ... ]
    85.
    Enhanced oversight of SROs
     
    CFTC, SEC
    C, F, G
    Proposed
    [ more ... ]
    86.
    SRO adoption of action plans
     
    SROs
    C, F, G
    Proposed
    [ more ... ]

    International Aspects of Capital Market Regulation

    Recommendation
    Policy Responsibility
    Congress
    Regulator
    Status
    Relevant
    Deadlines
    87.
    Address conflicting or duplicative regulation
     
    CFTC, FDIC, FRB, OCC, SEC, Treasury
    D, E
    Proposed
    [ more ... ]
    88.
    Seek outcomes-based, non-discriminatory substituted compliance arrangements
     
    CFTC, SEC
    D
    Proposed
    [ more ... ]
    89.
    SSB advocation for international standards
     
    CFTC, FDIC, FRB, OCC, SEC, Treasury
    E
    Proposed
    [ more ... ]
    90.
    Coordination of policy before and after international engagements
     
    CFTC, FDIC, FRB, OCC, SEC, Treasury
    E
    Proposed
    [ more ... ]
    91.
    U.S. agencies involvement in international organizations
     
    CFTC, FDIC, FRB, OCC, SEC, Treasury
    D, E
    Proposed
    [ more ... ]