On Feb. 28, 2020, the Federal Reserve Board, the Securities and Exchange Commission, the Office of the Comptroller of the Currency and the Commodity Futures Trading Commission published a Notice of Proposed Rulemaking proposing changes to the “covered funds” prong of the Volcker Rule. In this edition of her International Banking column, Kathleen A. Scott discusses proposals focused on non-US banks with US banking operations.
On May 27, 2020, the Financial Conduct Authority (FCA) published Market Watch 63 (MW 63) setting out its expectations of market conduct in the context of increased capital raising events and alternative working arrangements due to COVID-19.
Regulations introducing a new automotive section into the Franchising Code of Conduct (Franchising Code) take effect from 1 June 2020.
Following the introduction of the National Cabinet’s Mandatory Code of Conduct for SME Commercial Leasing Principles during the COVID-19 crisis (the Code) in early April, there has been much anticipation and speculation as to how each of the States and Territories would legislate to give effect to the principles of the Code.
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