SEC Commissioner Hester Peirce made an important speech at the RegTech 2023 Data Summit earlier in the week. Everyone who has a stake in financial transparency and regulation should read it, as it adds context to the Financial Data Transparency Act (FDTA), passed late last year.

Commissioner Peirce laid out four guiding principles for implementing FDTA, which modernizes the collection and dissemination of financial data by adopting structured data formats:

Foreign companies that want exposure to American markets sometimes go through the process of getting listed as a public company in the U.S. Other times, they become what is known as a foreign private issuer, or FPI for short. Foreign private issuers have the benefit of access to U.S. markets and certain friendly accommodations without having to go through the entire process of getting listed.

In August 2022, the Securities and Exchange Commission (SEC) announced new rules regarding the pay versus performance clause that is part of the Dodd-Frank Act. Explore the new change, who is affected and updated SEC pay versus performance reporting requirements.

"The Insider by DFIN" is a series of video interviews featuring the latest trends, topics and key perspectives on the global capital markets.

The news that DFIN expects to transition its remaining “old ActiveDisclosure” clients to the new ActiveDisclosure platform in the first half of the year got me thinking about the remarkable journey that DFIN has been on, to the benefit of all our stakeholders.

We usually think of publicly traded companies as being traded on a single exchange, such as the NYSE. However, there are also companies that are traded on two or more listings. Dual-listed companies, as these are called, can take advantage of a number of benefits of trading on more than one exchange, but as you might expect, there are also drawbacks.

Publicly traded companies are required to file certain documents with the Securities and Exchange Commission (SEC). One such document is the quarterly financial report. Discover what goes into a quarterly financial report, when it's due and how to file it.

As the name suggests, quarterly reports are due every quarter, or three months. These reports are submitted online using what's known as an SEC Form 10-Q.

Last year, the SEC introduced updated filing requirements for numerous form types filed on EDGAR, mandating in many rules that compliance documents be filed in a structured data format. For those looking to refresh their memories, you can read our blog from October 2022 titled, “What is Form 144?” Since this posting, there have been significant updates. Most notedly is the April 13 implementation date, which means that all “affiliates” impacted by Form 144 filing rules must begin preparing now.

In his new Law360 article, Craig Clay, President of Global Capital Markets at DFIN shares details about the Financial Data Transparency Act (FDTA), how it will help transform financial data regulatory reporting and compliance and support the growing adoption of key RegTech solutions, including artificial intelligence and machine learning.