⚖️Federal Reserve's Regulation XX on Financial Sector Mergers and Acquisitions
The Federal Reserve's Regulation XX limits financial companies from merging or acquiring when their consolidated liabilities would exceed 10% of aggregate financial sector liabilities. This regulation aims to maintain financial stability and prevent excessive concentration in the financial market, ensuring companies remain compliant with national economic standards.
Learn More🏦Federal Reserve Notice on Bank Holding Company Mergers and Acquisitions
The Federal Reserve System issued a notice regarding the applications for the formation and acquisition of bank holding companies under the Bank Holding Company Act. It invites public comments on these applications, detailing the processes and transparency of transactions in the banking sector. Stakeholders are encouraged to participate by submitting their views through specified channels.
Learn More💼Rule 17f-4
The SEC issues a notice regarding the extension of Rule 17f-4, which governs the use of securities depositories by registered management investment companies. This rule outlines the conditions and reporting responsibilities associated with custodial arrangements, ensuring internal controls and financial reporting standards are met by custodians and funds dealing with securities depositories.
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