Practical Summaries of Key Sections of Dodd-Frank Statute

Practical Summaries of Key Sections of The Dodd-Frank Wall Street Reform and Consumer Protection Act<

The Dodd-Frank Wall Street Reform and Consumer Protection Act is widely expected to transform the financial regulatory landscape. The vast majority of the Act's provisions charge the many affected federal rulemaking agencies to interpret and issue implementing regulations within a specified period, leaving the ultimate impact of the Act unknown for the time being.

This first part of this article provides a high-level overview of certain of the Act's provisions that will have the most direct impact on asset managers. The second part of this article provides an overview of regulatory changes to executive compensation practices and public company proxy disclosures. The third part of this article provides an overview of the Act's whistleblower and related anti-retaliation provisions.

In connection with its rulemaking activities under the Act, the SEC is seeking preliminary comments on a number of issues related to the Act, prior to its proposing new rules in respect of such issues. As the SEC and the other rulemaking bodies begin to propose new rules in respect of the Act's provisions, we will continue to update our clients and other interested parties with information and analysis of the ongoing impact of the Act.

Click the pdf link above to read the full article.