Financial Compliance

ESMA Consultation on MAR Guidelines for Delayed Inside Information Disclosure

The European Securities and Markets Authority (ESMA) has launched a consultation on draft guidelines concerning the delay of disclosure of inside information under the Market Abuse Regulation (MAR). The consultation aims to provide further clarity and consistent application of MAR provisions across the EU.

ESMA Consultation on MAR Guidelines for Delaying Inside Information Disclosure

The European Securities and Markets Authority (ESMA) has launched a consultation on draft guidelines concerning the conditions under which companies can delay the disclosure of inside information under the Market Abuse Regulation (MAR). The consultation seeks feedback on the interpretation and application of MAR provisions related to delaying disclosure.

ESMA Statement on Prospectus Regulation Changes from Listing Act

The European Securities and Markets Authority (ESMA) has issued a statement clarifying the implementation of certain changes to the Prospectus Regulation introduced by the Listing Act. This guidance aims to provide clarity for market participants on the application of these amendments.

SEC Proposes Form N-PORT Amendments to Reduce Reporting Burdens

The SEC has proposed amendments to Form N-PORT to reduce reporting burdens for registered investment companies. Key changes include extending the filing deadline, reducing public disclosure frequency from monthly to quarterly, and streamlining certain reporting items. The SEC also extended compliance dates for Names Rule reporting.

ESMA Statement on Listing Act Prospectus Compliance

The European Securities and Markets Authority (ESMA) has issued a statement providing practical guidance on the Listing Act's revised prospectus framework. The guidance clarifies transitional rules for registration documents and universal registration documents, aiming to simplify compliance for issuers while maintaining investor protection.

ESMA Opinion on Revised European Sustainability Reporting Standards

The European Securities and Markets Authority (ESMA) has issued an opinion on draft revised European Sustainability Reporting Standards (ESRS). ESMA supports the simplification goals but suggests targeted adjustments to enhance investor protection and financial stability, with the European Commission expected to adopt revised standards by summer 2026.

SEC Proposes Amendments to Form N-PORT Reporting for Investment Companies

The SEC has proposed amendments to Form N-PORT reporting for investment companies, including open-end funds, closed-end funds, and ETFs. The proposal would extend the filing deadline, restore quarterly publication, and streamline reporting items. Public comments are due 60 days after publication in the Federal Register.

ESMA Statement on IFRS 18 and APM Guidelines Interaction

The European Securities and Markets Authority (ESMA) has issued a statement clarifying the interaction between the upcoming IFRS 18 standard on presentation and disclosure in financial statements and ESMA's existing Guidelines on Alternative Performance Measures (APMs). The statement aims to ensure consistent application and understanding of these requirements for financial statement preparers.

State of Washington v. Joel John Sarysz - Consumer Loan Act Violations

The State of Washington Department of Financial Institutions has issued a consent order against Joel John Sarysz for violations of the Consumer Loan Act. Sarysz is fined $25,500 and prohibited from the mortgage broker and consumer loan industries in Washington until February 10, 2034.

Arboretum Mortgage Corp Fined and License Revoked

The Washington Department of Financial Institutions has issued a consent order against Arboretum Mortgage Corporation, requiring a fine of $27,425 and an investigation fee of $2,719.20. The company's mortgage broker license is revoked, and its ability to participate in the industry is restricted until February 6, 2029, subject to compliance with the order.